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What Is StableXSwap (STAX)?

StableXSwap is a stablecoin-focused AMM-style decentralized exchange built on Binance Smart Chain. Similar to what did for the Ethereum DEX space, StableXSwap describes itself as the first DEX featuring lower slippage and lower fees for the trading of stable assets. With minimized impermanent loss and lower gas fees on Binance Smart Chain, the swap mechanism is ideal for casual users and experienced arbitrageurs alike.

STAX is the native utility and governance token that is used for:

  • Staking to earn a share of the trading fees the platform generates
  • Potential fee rebates and discounts for traders
  • Voting in Governance for control of the community treasury and addition of new incentivized pairs

In the future, STAX will integrate new stablecoins as they join Binance Smart Chain and help provide the first liquid venue for these stablecoins to gain adoption.

How Many STAX Coins Are There in Circulation?

STAX had a fair launch beginning on October 16, 2020, and has issued roughly 4 million tokens to its community members since launch. However, the community will vote on the ending of issuance prior to the end of the first 40 days of launch, mimicking YFI’s initial launch.

Where Can I Buy STAX (STAX)?

STAX is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

PancakeSwap offers the largest number of pairs as of October 2020. New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.