STX is used for fees and payments on all of the exchanges we support - a total of over 90+ exchanges. That's why you might see fees requiring the STX token, like on EtherDelta and ForkDelta.
STX can be used to execute trades faster with our matching engine upgrade technology . It also allows you to make more transactions per second (TPS) than bitcoin or ethereum due to reduced blockchain congestion .
Venture capital firms raise funds for investments by selling their own tokens called "limited partnership interests" or LPI. As I'm writing this blog post, there are more than 2 million crypto investors that have swapped these LPIs for Ethers on exchanges to participate in some of the hottest venture capital funded projects of 2017.
It has become very complicated and difficult to price LPIs due to extreme volatility of ETH during December of last year after Coinbase listed it on its exchange. But STX is not an LPI!
STX is a token powered by a smart contract that allows anyone to launch a portfolio of venture capital funds with no barrier to entry.
With only 50,000 USD worth of Ethers you can start your own venture capital firm and begin receiving weekly dividends from chosen startups without any involvement in the operations or decision making.
The profits are collected from the STCK shared platform fees which are distributed among all token holders based on their percentage ownership.
They have already launched many portfolios under different categories such as Art Space Development, Artificial Intelligence, Transportation & Space Exploration, Smart City Infrastructure and more!.
This is a simplified explanation of the technology behind STX, but it gives you a good idea how flexible and easy to use this token is.
It's a great way for Ether holders to earn some passive income from their investments that they bought during the peak of ETH price movement in December 2017. You can read more about how it works here: StartupToken.
Hopefully I was able to help you understand what STX means more clearly. I am not affiliated with these projects or anyone else investing in them. This is just my opinion on the value of this project and its utility based on my experience as an individual investor. Always do your own research before committing any funds to ANY investment vehicle! Good luck!
