A New Era in Bitcoin DeFi: Stacks (STX) Now Available on Ndax!

Stacks (STX) is a groundbreaking blockchain protocol that expands Bitcoin’s capabilities by enabling smart contracts, decentralized apps (dApps), and DeFi—all secured by the Bitcoin network itself. By anchoring to the Bitcoin blockchain through its unique Proof of Transfer (PoX) consensus mechanism, Stacks empowers developers and users to build and interact with Web3 applications while leveraging Bitcoin’s unmatched security.

Now listed on Ndax, Stacks introduces a powerful new way to engage with Bitcoin’s network. Whether you're a long-term Bitcoin holder or a curious DeFi participant, STX opens the door to a decentralized future interacting with the Bitcoin network. 

Stacks is a Layer 1 blockchain that enables smart contracts and decentralized applications (dApps), while anchoring its security to the Bitcoin blockchain without modifying Bitcoin’s core protocol. Through its innovative architecture, Stacks allows developers to build decentralized applications that are anchored to the Bitcoin blockchain and benefit from its security, transparency, and network effects.

Stacks bridges the gap between Bitcoin and Web3 by enabling the development of complex decentralized financial products, NFTs, and other dApps, while leveraging Bitcoin as a secure and transparent settlement and finality layer. 

• Bitcoin-Powered Smart Contracts: Stacks introduces Clarity, a unique smart contract language designed for transparency and security. Developers can build DeFi apps, NFT platforms, and DAOs that leverage Bitcoin’s blockchain for final settlement.
• Proof of Transfer (PoX): Stacks uses PoX to connect its blockchain with Bitcoin, anchoring Stacks blocks to Bitcoin and allowing STX holders to earn BTC by participating in network security through "stacking."
• dApps on Bitcoin: With Stacks, decentralized applications become part of the Bitcoin ecosystem. From NFT marketplaces to DeFi lending protocols, developers are building powerful tools on Bitcoin using Stacks.
• Transparent and Predictable: The Clarity language provides predictable smart contract execution, helping users and developers avoid common security issues associated with other platforms.
• Decentralized and Secure: Stacks anchors its operations to the Bitcoin blockchain, leveraging Bitcoin’s robust security model to enhance its own security. While it benefits from Bitcoin’s decentralization and hash power, Stacks operates with its own consensus layer and mechanisms, meaning its security is derived from—but not fully equivalent to—Bitcoin’s native security guarantees. 

The native asset of the Stacks blockchain is STX. It plays a key role in fueling smart contracts, paying transaction fees, participating in governance, and securing the network through stacking.

Circulating Supply (as of early May 2025): ~1.52B STX 
Max Supply: 1.818B STX 
Emission Schedule: STX has a predictable issuance schedule that follows a halving model similar to Bitcoin, with declining emissions every four years.

Utility of STX:

• Transaction Fees: Paid in STX when using smart contracts and dApps
• Stacking: Lock up STX to earn Bitcoin rewards while supporting network security
• Governance: Participate in network decisions and protocol upgrades
• Incentives: Used to reward ecosystem participants, developers, and community initiatives

The STX distribution model is designed to support long-term ecosystem growth and broad community involvement. 

Stacks was initially developed by Blockstack PBC, which rebranded to Hiro Systems PBC. The project was founded by Muneeb Ali and Ryan Shea, with a vision to unlock Bitcoin’s full potential beyond simply being a store of value. After years of research and development, the mainnet for Stacks 2.0 launched in January 2021, introducing the novel Proof of Transfer consensus mechanism and making Bitcoin-powered smart contracts a reality.

Since then, Stacks has grown into a thriving ecosystem of DeFi apps, NFT platforms, DAOs, and developer tools—all powered by Bitcoin. The network continues to evolve, with a growing list of ecosystem partners and builders shaping the future of decentralized Bitcoin apps. 

Stacks (STX) is unlocking the next evolution of Bitcoin by enabling smart contracts and decentralized applications to operate while being anchored to the Bitcoin blockchain. With its native STX token now available on Ndax, Canadians can access this innovative project and participate in the emerging Bitcoin DeFi ecosystem.

Whether you're a long-time Bitcoiner or exploring your first dApp, Stacks offers an opportunity to be part of a future where Bitcoin isn't just digital gold—but the bedrock of an entirely new decentralized economy.

Explore STX today on Ndax and be part of Bitcoin’s smart contract revolution. Stay connected with us on social media for the latest updates, and join the discussion in our community forums.

Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for informational purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise. Ndax is a member of the Canadian Investor Protection Fund (CIPF). Please refer to the CIPF for coverage qualification criteria.