THELOGICALINDIAN - PRESS RELEASE Prague Czech Republic 5 Nov 2024 StackSwap the aboriginal complete DEX and Launchpad on the Bitcoin Network has appear the achievement of its clandestine annular According to the official columnist absolution the blockchain belvedere was able to accession 13 actor during the allotment annular
The advance annular was led by the Stacks Foundation forth with key blockchain adventure capitalists including HashKey, Genesis Block Ventures (GBV) and SOSV. The aboriginal investors allotment the abiding eyes of StackSwap to eventually become the better DEX on the Bitcoin Network.
Stacks agreement on which Stackswap is congenital has admiring over $93 actor in investments from acclaimed institutional investors like Coinbase Ventures and Winklevoss Capital. It is congenital on a Bitcoin-based layer-1 activity that accouterments a acute arrangement action on Bitcoin and was the aboriginal badge auction to be accustomed by the United States SEC.
StackSwap appear a account afterward the acknowledged clandestine allotment round. “We are blessed that Stackswap will be able to appoint with a added ambit of admirers and institutions on our new trading belvedere through this investment. We accept a competent all-around aggregation of able developers who accept researched and accept had all-encompassing acquaintance with the DeFi and accompanying systems for a continued time.”
StackSwap a above anniversary in the Bitcoin ecosystem
The acknowledged clandestine annular is the aboriginal footfall in a alternation of developments appointed for the advancing weeks. StackSwap will be introducing the aboriginal absolutely anatomic decentralized barter (DEX) active on the Bitcoin band in November.
The DEX will advantage Stacks mainnet which acts like a layer-2 arrangement and enables acute arrangement functionalities on Bitcoin. It utilizes the amount appearance of bitcoin and annal transaction capacity on the Bitcoin arrangement application its PoX accord mechanism.
StackSwap is additionally the aboriginal permissionless DEX that runs on the Bitcoin band by utilizing the ability of the Stacks protocol. It supports the acceptable functions of DEX such as badge trading through swaps and clamminess mining. In addition, StackSwap has alien avant-garde appearance such as arising activity tokens through its committed Launchpad, creating trading pools and badge advantage programs through PoXL mining.
Users can advantage earning opportunities on the Bitcoin blockchain by staking and depositing Stacks (STX) through an aberrant Bitcoin-based accolade acquittal system. In addition, new projects and development teams can affair their tokens, actualize automatic pools and assassinate PoXL mining after any hassles on the StackSwap launchpad platform.
This helped to lower the barrier of access for projects and fabricated StackSwap a absolutely decentralized and avant-garde blockchain protocol.
About Stacks 2.0
Stacks 2.0 is powered by PoX. PoX is a accord algorithm involving two abstracted blockchains. It uses an already absolute blockchain (in this case Bitcoin) to defended a new blockchain (Stacks).
PoX connects to Bitcoin with a 1:1 block arrangement which agency that affairs on Stacks blockchain can be absolute on the Bitcoin blockchain. Instead of afire electricity on affidavit of work, PoX reuses already minted bitcoins as ‘’proof of computation’’ and miners represent their amount of mining in Bitcoins directly.
Website: https://www.stackswap.org/home
Twitter: https://twitter.com/Stackswap_BTC
Telegram: https://t.me/Stackswap
Medium: https://medium.com/@Stackswap
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CEO : Sungmin Aum
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