Welcome to Stacks STX Bitcoin Layer 2
Thanks for visiting my blog. Today has been over 2 month for me try almost all of DeFi product on Stacks ecosystem. However when I try to new Blockchain I want to get profit from this Blockchain. Same as you, but we need to know what is different of Stacks (STX) with other Layer 2 blockchain like Ethereum with Ethereum Virtual machine for execution smart contracts and with Solana.
We know this week so much degen of Solana has been made some big profit if they hold some of PNUT token and Act token, because this token listed at Binance. MOODENG solana, this week listed at OKX and people with SMI (Sekte MEME Indonesia) get some profit with Moodeng.
Wait, SMI is community from Indonesia which is holding some meme token one of this is MOODENG, the community launched by influencer @PaceCrypto.
But what is degen? Why degen can get so much profit from holding token?
The answer is, degen people trade new token from beginning when a token newly launched at pump fun (if at Solana) when this token really little market cap. But, degen trading its very very high risk, because someone or dev can create a token, buy firsttime before other, then after other people buy their token, someone or dev of token can sell this token anytime and degen almost get loss if it's happen.
Before this token successfully reach target of bonding-curve, this token it's really high risk. But if bonding-curve successfully reached target, degen can get instantly 5x or 10x from their buy position. So that's is risk rewarded for Degen Trading.
If at solana degen trading at Pump Fun, I try Degen Trading on Stacks Blockchain with @stxcity. Btw i buy some Bonding-curve token $PCHA. It's fan token DeFi Charisma in STX ecosystem. At STX city, when bonding-curve successfully reached target, token will be burned 20% and launched at Dex like Velar Dex or Alex LAB Dex and then, Liquidity Pool Token will be automatically Burned.
Always Do Your own Research before trading as I explain. It's really high risk high reward.
OK, we back to Stacks (STX) Layer 2 Bitcoin. After Stacks Blockchain successfully upgraded to Nakamoto at Block 867867, transactions and gas fee on Stacks ecosystem doing fastest and less gas fee. Before Nakamoto upgrade, transactions on Stacks Blockchain it's really slow, one transaction can executed 20 or 30 minutes. But, after upgrade to Nakamoto, transfer and executed contract really fast, about 30 second until 5 minutes. Gas fee before upgrading at average 0.05 - 0.1 STX, and after upgrade, transaction can be executed with only 0.01 gas fee, and it's really fast.
I will continue to explain how we can do with Stacks to get fast profit and long term profit to get Free Bitcoin. Yes it's free and only need Stake 100 STX at XVerse Wallet. I really interested to share my experience in stacks ecosystem.
I will be back with new article. Thanks for read my blog, share and comment if you like my article.
Thank you so much.
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