What is Stronghold Token?

Stronghold Token (SHX) is a digital currency that aims to provide fast, secure, and accessible financial services for all. It is a part of Stronghold's expanding payments ecosystem, where it serves as a building block with real-world purpose. SHX is built on the Stellar network, one of the most energy-efficient blockchain networks, using the Stellar Consensus Protocol (SCP), a low-energy consensus mechanism achieved through Proof-of-Agreement (PoA). This makes SHX a climate-friendly cryptocurrency that saves energy with each transaction. SHX is not just a token that holds value, it strives to generate it.

How does Stronghold Token work?

SHX operates within the Stronghold ecosystem, providing real-time settlement, discounts in fees for business customers, rewards, and merchant financial support through decentralized finance. It is available on both Stellar and Ethereum networks, enabling cross-ledger value transfers. SHX also plays a role in Stronghold's governance, with token holders having the ability to vote on network features and implementations based on the amount of SHX they hold. Furthermore, SHX liquidity pools strive to increase resources in Stronghold’s Merchant Financing lending protocol.

What are the potential use cases for Stronghold Token?

SHX has a variety of potential use cases within the Stronghold ecosystem. It is used for real-time settlement of transactions, providing a fast and efficient method of transferring value. Business customers can benefit from discounts on fees when they use SHX. The token is also used in the Stronghold Rewards Program, where merchants and their customers can receive SHX based on their transaction volume in the payment network. Additionally, SHX is used in Stronghold's Merchant Financing lending protocol, providing liquidity for decentralized finance.

What is the history of Stronghold Token?

Stronghold Token was created as part of Stronghold's mission to provide accessible financial services for all. The token was released to Stronghold's early user base at the end of 2018, with approximately 5% of the total supply distributed to users. No public sale events have been conducted for SHX. The maximum supply of SHX is fixed at 100,000,000,000 and will not be increased. Since its inception, SHX has been integrated into the Stronghold ecosystem, serving as a key component in its expanding payments network.