Stacks is exploding following Okcoin’s partnership with L1 Blockchain to create the Bitcoin Odyssey. Okcoin will donate $165 million to fund founders and projects that develop decentralized applications for Bitcoin and Stacks.
This guide provides all the information that you need about Stacks. You can find out if it’s a good investment or not, as well as the top places to purchase Stacks.
The best places to purchase stacks now
STX, a brand new asset, is not yet listed on major exchanges. There are additional steps to purchase STX through a DEX (decentralised exchange), however. Follow these steps to purchase STX today:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We recommend eToro, which is a multi-asset trading platform that’s renowned worldwide. It’s an exchange and wallet combined with some of industry’s lowest fees. It is also user-friendly and offers more payment options than any other service.
2. Send your ETH directly to a compatible wallet such as Trust Wallet or MetaMask
Create your wallet, grab an address and send your coins.
3. Connect your wallet and the Uniswap DEX
Visit Uniswap to ‘connect’ you wallet.
4. Now you can swap your ETH to STX
Once you are connected, you can swap for hundreds of coins, including STX.
What are Stacks?
Stacks was created to bring decentralized applications (DApps), smart contracts, and other services to Bitcoin. These smart contracts can be added to Bitcoin without affecting any of its features, such as stability and security.
The DApps are modular and open to developers, so they can be built on top of each others’ apps to create features that are impossible in a regular app.
Stacks uses Bitcoin for its base layer. All transactions on the network are settled on the Bitcoin blockchain. This is arguably one of the most secure blockchains in use.
The Stacks token, STX, powers the platform. This token is used to fund smart contracts and transactions as well as register digital assets on Stacks 2.0.
Do I need to buy Stacks right now?
If your timing is right, stacks are definitely worth considering. It is difficult to know this in advance. Your risk tolerance should be considered when making investment decisions. Don’t take any price predictions at face value.
Stacks price prediction
Wallet Investor considers Stacks a good investment and anticipates a long-term price increase. It will be worth $5.12 by March 2027, according to the investors. A $100 investment over five years will bring in revenue of about +263% and increase to $363.
Stacks on social media
— Kyle (@thekyleosborn) March 10, 2022