Blockstack Token Gives Hands Million STX Tokens to Stacks Foundation as Decentralization Plans Come Into Place

Blockstack Token Gives Hands Million STX Tokens to Stacks Foundation as Decentralization Plans Come Into Place

By Abhi K | News | 11 Aug 2020


Blockstack PBC filed a notice with the United States Securities and Exchange Commission (SEC) on August 10 that explains how it plans to decentralize the network. The notice was accompanied by a blog post explaining the effort.

  • Blockstack was the first to register with the SEC for its ICO, which in 2019 raised $23 million
  • Blockstack will give 100 million STX tokens to the Stacks Foundation, a non-profit
  • Tokens will go towards contributing to the ecosystem and blockchain
  • The team is currently working to decentralize the network further

Abhi K
Abhi K

Technophile, cryptocurrency enthusiast and journalist.


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