On 8th September 2021, Stacks or STX bagged a huge achievement as it got listed by the WazirX in the USTD market. This means that now you can easily and securely deposit, withdraw and trade STX via WazirX to Binance inter wallet transfer. STX will soon be listed in the INR market.
WazirX is even planning to shower a huge giveaway for its investors. The grand STX giveaway as scheduled by WazirX has announced a total worth of $26,900 in giveaway. The giveaway campaign is scheduled from 13th September to 23rd September 2021.
STX AND ITS RECENT PROGRESS
Muneeb Ali and Ryan Shea in the year 2013 started developing stacks or STX. The main purpose behind developing the Stacks blockchain platform was to address the issue of scalability in Bitcoin trading.
Bitcoin emerged as a major and most successful cryptocurrency. But the only problem with the Bitcoin network is its computing process. Stacks enable the use of smart contracts which in turn decentralizes the applications on the Bitcoin network.
The smart contracts are finalized and secured by the Bitcoin network. In other words, Stacks depends on the Bitcoin network for the power and security of its smart contracts and transactions. This is made possible by a new mechanism innovated by the developers – Proof of Transfer.
This connection between stacks and Bitcoin has two purposes. They are:
- To make transactions possible on the Stacks network
- Verifies the Bitcoin Blockchain
Proof of transfer or Proof of Burn ensures that the already mined and existing cryptocurrency does not get burnt. It necessitates that the transacted Bitcoin is transferred to the participants within the ecosystem.
It is the first mechanism that uses 2 blockchains to provide more security for the Bitcoin transactions and network. With the security given by this mechanism, new users feel confident to invest and trade Bitcoin.
According to market analytics Stacks (STX) have the potential to generate +86.87% profit in one year. A long-term investment in Stacks is even better. It is predicted that $100 invested today with a goal of 5-year long-term investment will become $445.17 in 2026.
WAZIRX AND GRAND STX GIVEAWAY
WazirX has included STX as a part of their Rapid Listing initiative. This is great news for investors. Now they can securely deposit and withdraw STX from WazirX to Binance and vice versa.
Deposits – You can now deposit STX to WazirX through your Binance wallet.
Trading – In USDT markets, you may buy, sell, and trade STX. When you purchase STX, it will show up in your “Funds” section. STX will soon be listed in the INR market.
Withdrawals – In case of withdrawals, from WazirX, you can send STX to your Binance wallet.
The Grand STX Giveaway starts on 13th September 2021. The complete schedule is given below:
- Monday, 13th September: AMA with Saurabh Hasija & Abhijoy Sarkar. You will get the opportunity to learn and know about STX and win total prizes of $150.
- Tuesday, 14th September: YouTube Live with Trevor Owens, Managing Partner & Louise Ivan, Growth @Stacks Foundation.
- Wednesday, 15th September: Participate in Trivia on the WazirX Instagram page and win prizes of $50.
- Wednesday, 15th September: Get a chance to win up to $500 prizes in Quiz organized in the WazirX Telegram group.
- Tuesday, 21st September— Thursday, 23rd September: 48-hour long Highest Trader Kaun Marathon with prizes of ₹15,66,000 ($20,000) worth STX for top 300 traders.
HOW TO PARTICIPATE IN AMA?
- Saurabh and Abhijoy will be asked 10 questions selected from the WazirX Twitter handle.
- You will also get the opportunity to ask live questions on the Telegram group.
- $86 giveaway will be given to the top 10 questions selected from Twitter.
- $100 will be given to selected best live questions.
HOW TO PARTICIPATE IN TRIVIA?
- You will have to follow WazirX on Instagram.
- They will share 5 questions on their story.
- You will have to choose the correct answer.
- For each correct answer, the winner will get 7.6 STX.
HOW TO PARTICIPATE IN QUIZ?
- Join the Telegram group.
- On the day of the quiz, the company will share 10 questions on its Telegram group.
- You will have to choose the right answer.
- The lucky winners will get $100, $50, $20 and & $10 as prizes.
HOW TO PARTICIPATE IN THE HIGHEST TRADER KAUN MARATHON?
“Highest Trader Kaun” is a non-stop 48-hour long trading contest and WazirX is giving away ₹15,66,000 worth STX in Highest Trader Kaun Marathon. Follow the steps to participate:
- The trading will start on 21st September at 9 Pm IST until 23rd September at 9 pm IST.
- You can participate in the 48-hour long trading marathon anytime on Tuesday and Thursday.
Get ready to bag the opportunity to win huge cash prizes in the WazirX Grand STX Giveaway.
Read more: https://wazirx.com/blog/stx-listing-giveaway/?utm_source=influencer&utm_medium=web&utm_campaign=stx-giveaway&utm_term=ka