Stacks (previously Blockstack) aspires to power a new type of decentralized internet, one that provides users more control over their data and makes content censorship more difficult.
With its listing on WazirX, Stacks has a lot of surprises for you! Read this article to find more about STX and the upcoming surprises.
What is Stacks(STX)?
Stacks connect to Bitcoin, allowing you to create apps, smart contracts, and secure digital assets, capitalized and networked using Bitcoin.
To support the network’s security and consensus, temporarily lock your STX. You’ll get Bitcoin as a reward, which miners transfer as part of Proof of Transfer.
It has features including built-in privacy, which encrypts data in Stacks apps like images, communications, and health records by default. Your activities will not be visible, accessible, or tracked by apps. Instead of the apps, the user owns 100 percent of the data. Furthermore, users have complete freedom to move their data, trade, and transfer their assets without the need for permission from any app or organization.
What’s the deal with STX deposits and withdrawals?
WazirX’s Rapid Listing Initiative includes STX. As a result, we will begin trading STX by allowing deposits and withdrawals using the WazirX>Binance inter-wallet transfer mechanism.
What does that imply for you?
- Deposits – You can send STX to WazirX through your Binance wallet.
- Trading – In our USDT market, you may buy, sell, and trade STX. When you purchase STX, it will show up in your “Funds” section. STX will be listed soon in the INR market.
- Withdrawals – From WazirX, you can send STX to your Binance wallet.
Don’t worry, you’ll soon be able to deposit and withdraw STX from other wallets.
Giveaway Schedule
- Monday, 13th September: AMA with Saurabh Hasija & Abhijoy Sarkar. Learn everything 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: Trivia on WazirX Instagram page with prizes of $50. Learn interesting trivia about STX and win.
- Wednesday, 15th September: Quiz in our Telegram group with prizes of $500. Show off your STX knowledge in a fun quiz session and win.
- 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.
Note : For the entire giveaway, STX price will be considered at 1.313 USD, i,e 102.83 INR and all prizes will be distributed by 7th October 2021
AMA
Participate in a live AMA with Saurabh & Abhijoy, to learn everything about Stacks. It will take place on Monday, 13th September, 5 PM IST on http://t.me/wazirx_discuss
How to participate?
Part 1: We will ask 10 questions (crowdsourced from our Twitter followers) about STX to Saurabh & Abhijoy.
Part 2: At the end, we will unmute the group for 10 minutes where you can ask your questions live to them. They will try to answer as many questions as they can.
Giveaway:
- $86 for the top 10 questions selected from Twitter
- $100 for top 5 live questions from Telegram group
YouTube Live
Participate in a live interview of Trevor Owens, Managing Partner at Stacks Accelerator & Louise Ivan Growth at Stacks Foundation, by Archit Sinha to learn everything about STX Token. It will take place on Tuesday, 14th September, 6 PM IST at http://youtube.com/WazirX
Trivia
Do you think you know enough about STX? Let’s see how well you know about STX in this exciting trivia contest that will take place on Wednesday, 15th September, 12 PM IST at instagram.com/wazirx
How to participate?
- Follow them on Instagram: instagram.com/wazirx
- STX will share 5 questions on Instagram Story
- Choose the correct answer
Giveaway:
- For each question, one lucky will win 7.6 STX.
Quiz
Show off your Stacks knowledge during a fun quiz session. It will take place on Wednesday, 15th September, 6 PM IST at http://t.me/wazirx_discuss
Reading resources:
https://research.binance.com/en/projects/blockstack
How to participate?
- Join WazirX Telegram group: t.me/wazirx_discuss
- There will be a total of 10 questions
- Choose the correct answer
Giveaway:
1st prize: $100
2nd – 5th prize: $50 each
6th – 10th prize: $20 each
11th – 20th prize: $10 each
Highest Trader Kaun Marathon: STX/INR
Get ready for a non-stop 48-hour long trading contest with more prizes and more chances to win!
How to participate?
- The trading contest will start from 21st September, 9 PM IST onwards until 23rd September, 9 PM IST.
- You can participate in the contest any time between Tuesday and Thursday.
- Total prize of ₹15,66,000 (~$20,000) worth STX! You can win prizes based on your trading performance for the entire 48-hours.
- Contest timing (IST): Tuesday, 21st September, 9 PM — Thursday, 23rd September, 9 PM
Stacks is a layer-1 blockchain solution for Bitcoin that enables smart contracts and decentralized applications (DApps). These smart contracts are added to Bitcoin without affecting any of the characteristics that make it so powerful, such as security and stability.
These DApps are open and modular, which means that developers can build on top of one other’s apps to create capabilities that would otherwise be impossible to achieve in a traditional app. Sign up on Stacks and avail of attractive rewards, discounts, and giveaways.
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Source: https://coinpedia.org/press-release/stacks-x-wazirx-is-back-with-an-exciting-giveaway/
