STFX (ETH: $STFX) is the utility token of the STFX social trading platform. The STFX platform is a SocialFi and DeFi protocol that facilitates automated social trading. It incorporates gamification elements into the ecosystem and offers an immersive trading experience.
Why STFX?
One of the main benefits of using STFX is that all transactions take place on-chain. Consequently, it is easy to audit all transactions, which provides a sense of security for investors.
At the heart of its operations is the concept of Single Trade Vaults. These vaults are non-custodial, and specialize in the short-term, active management of digital assets, and are used for single trades.
Within SFTX, Trade Managers can earn up to 20% in Performance Fees based on how much profit they make for investors via the STFX app. Users of vaults can attach videos or images to better convey their trade ideas. Previously, traders were limited to sharing setups on suboptimal channels.
The STFX Token
The STFX token is the native token of the platform. It can be used for staking or burning to add holders numerous benefits. There is a maximum supply of 1,000,000,000 tokens, and it is available on both Solana, and Ethereum.
Out of the 1 billion tokens, 10% went to the seed round, 15% to the public round, 20% to the team, 5% to future contributors, 25% to community incentives, and 25% to the STFX DAO treasury.
STFX Token Performance
As of Tuesday, 07 January 2025, SFTX was up 94.9% in the past week to $0.01712 per token. It hit its all-time high of $0.08876 on November 20, 2023, and has since fallen 80.70%. However, it is up 639.12% since its all-time low of $0.002318 on September 13, 2024. That is a massive recovery that signals a coin on the rise.
STFX has a market cap of $11,135,458, and a 24-hour trading volume of $65,845.86. Out of the maximum supply of 888,537,333 tokens, there are 650,000,000 tokens in circulation.
The token is available for sale on various centralized and decentralized exchanges, including CoinEx, MEXC, WOO X, Raydium, and Uniswap V3.
Social Media Following
$STFX has quite a huge following on social media, with 36.4K followers on X, 1,102 members on Telegram, 13,896 members on Discord, and 446 followers on Medium.
Could STFX Explode in Value?
The SFTX platform offers a unique value proposition where traders can engage in social trading on the blockchain. Everyone from traders to those who provide trades can do so transparently, while they both benefit.
STFX already had a huge following on social media, and the price of the token has been growing in bounds in the past few days. Consequently, the rest of 2025 could potentially be a great year for holders of the token.
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