What Is Stronghold? (SHx)

The Stonghold platform facilitates sending and receiving value, thus enabling virtual payments via modern payment networks. Stronghold network operates with a high degree of compliance and multi-chain (blockchain) functionality. The platform aims to offer everyone fast, secure, and accessible financial services. The forum seeks to create a global economy that is more inclusive, stable, and connected. 

Further, the platform is developer-friendly, has open interface with built-in regulatory technology, and is flexible that can be customized. The network facilitates Proof-of-Stake (POS) solutions to integrate payments and virtual payment networks for commerce transactions. 

SHx is the ecosystem’s native digital token. The token can be used for giving rewards to encourage loyalty, to give access to capital, and as a governance coin for voting. 

The platform’s reward system is such that, for example, a retail customer purchases products and customers from a merchant who pays processing fees via Stronghold Pay; and in return, both the merchant and the customer earn SHx tokens. Similarly, the token also works in purchasing, such as when a customer pays to merchants using SHx, who in turn forwards the tokens to Stronghold Pay, and the ecosystem settles the payment and proceeds it to the merchant in the form of traditional currency. The token is available as an ERC20 token on both Stellar and Ethereum.

Financial services offered by the platform via its token include SHx DeFi lending protocol wherein capital or liquidity contributor contributes capital/liquidity to the liquidity pool and in return gets SHx tokens plus the factor fee. 

History of Stronghold (SHx)

Stronghold platform has two co-founders, Tammy Camp and Sean Bennet. Others in the team include Nathaniel Fisher, Ryan Smith, Vaishali Mehta, Scott Snow, etc. The tokens were issued by Stronghold Anchor Limited (financial service provider registered at New Zealand’s Financial Service Providers Register).

No initial coin offering (ICO) was conducted for tokens; instead, 5 percent of the total supply was airdropped at the end of 2018. The token’s maximum supply is 100,000,000,000.