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View ChartSTAKE is the native staking token of xDai, a stable payment blockchain pegged to the US dollar and designed for fast, inexpensive transactions. The xDai chain operates as an open-source public side-chain of Ethereum, created by the POA Network. STAKE is secured by proof-of-stake consensus and functions as a multi-chain staking token intended to secure the payment layer. It is only required for consensus providers, not for everyday on-chain transactions. The project was founded on October 1, 2018, with a launch date of April 4, 2020, and a start date of May 19, 2020. STAKE is built on Ethereum as an ERC20 token with 18 decimals. Total supply stands at 8.53 million STAKE, with a circulating supply of approximately 8.46 million, representing roughly 99.09% of the total. The project is currently undergoing a rebranding from xDai Chain to Gnosis Chain, and STAKE holders can swap their tokens for GNO on Ethereum Mainnet or Gnosis Chain.
STAKE was founded by Igor Barinov, who is also the founder of the POA Network, an R&D company focused on ensuring the Ethereum protocol remains cheap, fast, secure, and scalable. Barinov has developed several projects in the past, including BlockScout and TokenBridge. He is also a co-founder of Block Notary and Forcera OU, and serves as a blockchain consultant at Acronis. The xDai project itself was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. The POA Network provides a framework for smart contracts that allows developers to code on Ethereum effectively while leveraging POA Network capabilities.
STAKE operates as a proof-of-stake staking token that secures the xDai payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. The xDai chain itself is a stable payment blockchain designed for fast and inexpensive transactions. It uses the ERC20-to-native TokenBridge functionality to provide stable, fast, and inexpensive transactions. The cost to perform a transaction with xDai is $0.000021 USD, and such a transaction takes up to five seconds. xDai is a derivative of the DAI cryptocurrency, which is a stablecoin whose price is pegged to the US dollar. Users can receive or send xDai through the Dex Wallet mobile application or the Poketto xDai mobile wallet. The chain offers a framework for smart contracts, providing developers with an easy and effective way to code on Ethereum while leveraging POA Network capabilities.
STAKE derives its unique value from several core characteristics. First, xDai is a derivative of DAI, a stablecoin pegged to the US dollar, which provides price stability for transactions on the network. Second, the cost to perform a transaction with xDai is extremely low at $0.000021 USD, making it suitable for high-frequency, low-value payments. Third, transaction finality is achieved in up to five seconds, offering fast confirmation times. Fourth, STAKE is a multi-chain staking token designed to secure the payment layer through proof-of-stake consensus, allowing validators and delegators to earn staking incentives for block production. Fifth, the xDai chain is an open-source public side-chain of Ethereum, providing developers with a framework for smart contracts while leveraging POA Network capabilities. The project is also transitioning through a rebranding to Gnosis Chain, with a token swap mechanism available for STAKE holders.
STAKE is primarily used as a staking token to secure the xDai payment layer. Validators and delegators stake STAKE to participate in transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not for everyday on-chain transactions. The xDai chain itself is used for fast and inexpensive stable payments, with transactions costing $0.000021 USD and completing in up to five seconds. Users can send and receive xDai through the Dex Wallet mobile application or the Poketto xDai mobile wallet. Additionally, with the rebranding of xDai Chain to Gnosis Chain, STAKE token holders can swap STAKE for GNO on Ethereum Mainnet or Gnosis Chain. The token also serves as a multi-chain staking asset within the broader ecosystem.
The STAKE ecosystem is undergoing a significant transition. xDai Chain is being rebranded to Gnosis Chain, and STAKE token holders can now swap STAKE for GNO on Ethereum Mainnet or Gnosis Chain. The ecosystem includes several components. The xDai Chain serves as a stable payment blockchain designed for fast and inexpensive transactions. The POA Network, founded in April 2017, is an open-source public side-chain of Ethereum that created xDai. Dex Wallet is a mobile application for receiving and sending xDai, while Poketto is an xDai mobile wallet. MetaMask supports buying, selling, managing, trading, and swapping STAKE, and also offers Predict, Perps with up to 50x leverage, and Stake features. BlockScout and TokenBridge are projects developed by founder Igor Barinov. The project maintains an active community with 20.66K holders and a CMC community metric of 26K.
STAKE is not mined through proof-of-work. Instead, it is secured by proof-of-stake consensus. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not for everyday on-chain transactions. To participate in staking, users can acquire STAKE and either run a validator node or delegate their tokens to an existing validator. The xDai chain uses the ERC20-to-native TokenBridge functionality to provide stable, fast, and inexpensive transactions. With the rebranding to Gnosis Chain, STAKE holders can swap STAKE for GNO on Ethereum Mainnet or Gnosis Chain, which may affect staking participation depending on individual circumstances. Detailed staking procedures and requirements are available through the project's official resources.
Keeping STAKE safe requires following standard cryptocurrency security practices. Store your STAKE in a reputable wallet that supports ERC20 tokens, such as MetaMask, which allows you to buy, sell, manage, trade, and swap STAKE directly. Hardware wallets provide an additional layer of security by keeping private keys offline. Always verify contract addresses before interacting with any token, and ensure you are using the official STAKE contract address: 0x0Ae055097C6d159879521C384F1D2123D1f195e6. Be cautious of phishing attempts and fake websites. Since STAKE is undergoing a rebranding to Gnosis Chain, only use the official swap instructions provided at https://www.xdaichain.com/for-stakers/stake-token/stake-gno-swap. Never share your private keys or seed phrases with anyone. Regularly update your wallet software and use two-factor authentication where available. For long-term holding, consider cold storage solutions to minimize exposure to online threats.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for STAKE are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of STAKE (STAKE) is C$0.066197. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated STAKE to USD rate at the top of BTCC’s price page. In terms of market scope, STAKE records a 24h trading volume of C_24h.836624 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$485.688023K. Its current circulating supply stands at 8.46M out of a maximum supply cap of 8.54M.
The price volatility of STAKE (STAKE) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (8.46M) to max supply (8.54M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, STAKE (STAKE) hit an all-time high (ATH) of C$60.150071 on 2021-02-20 20:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.0000057177858146770620.055717 on 2024-11-20 04:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading STAKE futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C_24h.836624), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s STAKEUSDT perpetual contracts support two-way trading. If you anticipate a price decline for STAKE, simply log into your BTCC account with USDT margin available, navigate to the STAKEUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for STAKEUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.066197), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for STAKEUSDT with zero financial risk.
Trading STAKE (STAKE) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for STAKEUSDT, and review its live price (C$0.066197) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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