San Francisco, Blockstack Summit — After the successful completion of our SEC-qualified offering, we’re now excited to announce the first international (non-US) listings for the Stacks token.
Blockstack PBC has partnered with Binance and Hashkey Pro (institutional) exchange for the first listings of the Stacks (STX) token. Binance is the world’s leading cryptocurrency exchange and Hashkey Pro is a Hong Kong based digital asset exchange for institutional investors.
This is an important milestone for Blockstack, as the Stacks token is intended to help enable a shared economy around the network and between users of the technology. The Stacks (STX) token is used as fuel on the Blockstack network for registering digital assets like usernames, domains, storage pointers, podcasts, and more. Stacks also provide foundational incentives for developers via the App Mining program and in the future are expected to reward miners who secure the Stacks blockchain V2.
Our goal with the listings on Binance and Hashkey Pro is to increase access to the Blockstack network globally; users can now easily acquire Stacks tokens for use on the network. We also want to ensure convenient liquidity for Stacks holders and app miners.
Ben El-Baz, CSO at HashKey Pro said, “We chose to list Blockstack’s STX token because HashKey shares a vision with Blockstack that regulatory compliance is a positive development for the crypto economy and digital asset markets, and we believe that better information disclosure can help users better understand the assets they trade.”
To that end, our financial statements are publicly disclosed along with other relevant information on company operations, as we continue our commitment to transparency. We’re also releasing a list of Stacks wallet addresses of early backers of the project, which includes Stacks addresses of the Blockstack PBC treasury, Blockstack PBC equity investors, founders, employees, and certain large holders. Anyone can monitor these addresses to know if and when any early backer moves their Stacks tokens. You can learn more about the Stacks token economics in the latest token whitepaper.
At Blockstack we’re focused on enabling a user-controlled internet. The path to Web 3.0 is a marathon, not a sprint. Market cycles will go up or down on this path and our community understands that. We care about building real value over the long-term by enabling apps that put users in control.
As listings start and new users join our community, it’s important that we educate them about the hard work we’re doing. In Q3 alone, over 100 applications were built on the Blockstack network, bringing the total number of applications to over 270. We recently announced a partnership with Blockchain.com where 40 million wallet accounts will get access to these applications.
We’re so proud of this community for the value they’ve built in the network so far and look forward to the ways the Stacks listings can now play a larger role in supporting overall growth.
→ Trading starts on Binance and Hashkey Pro later this week.
Reminder: All official communications related to Stacks Tokens will be posted on blockstack.org and/or stackstoken.com or come from a @blockstack.org/com or @stackstoken.com email address. Please be mindful of phishing attempts and other scams, you can always reach out to the team on Telegram or via [email protected] if you are unsure.
Access to STX
Non-US persons may buy or sell STX tokens on Binance by setting up an account directly with the exchange. Non-US institutional investors can obtain secondary market access to Stacks through Hashkey Pro, which includes professional investors, such as hedge funds, venture funds, and family offices. Please note, only unlocked STX tokens by non-US persons can be sold on exchanges.
Access to STX for US persons
For US investors, there is currently no authorized exchange or alternative trading system (ATS) for buying and selling Stacks tokens, and we cannot comment on when an exchange or ATS might list Stacks tokens at this time. Please keep an eye out for updates at stackstoken.com. If you see Stacks listed on an exchange, please let us know at [email protected], as the listing may be illegal or a scam.
Stacks Token FAQs
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of real trading volume.
HashKey Pro is an institutional-grade trading platform for professional digital asset investors. We operate a platform that delivers trust, integrity, security, and performance to sophisticated professional investors, institutional investors and brokers who intend to widen their exposure to digital assets through a trusted platform. HashKey Pro | Trading API
The Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC under Regulation A for our offering of certain of our Stacks Tokens. The information in that offering statement is more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. The offering is being made only by means of its offering statement. This document shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Stacks Tokens should review our disclosures and the publicly filed offering statement and the final offering circular that is part of that offering statement here. Blockstack is not registered, licensed or supervised as a broker dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about access to Stacks tokens through exchanges, plans for collaborations and partnerships**, and plans for future network and mining development**. These statements involve risks, uncertainties, assumptions, and other factors that may cause actual results or performance to be materially different. More information on the factors, risks, and uncertainties that could cause or contribute to such differences is included in Blockstack’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of its offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.