Share this article
Stacks Foundation to Spend 'Majority' of STX Token Fortune on Ecosystem Development
Grant ranging from $1,000 to $5,000 will be paid out in dollars. Once Stacks 2.0 goes live, the funding switches over to STX.
By Danny Nelson
Updated Sep 14, 2021, 9:52 a.m. Published Sep 3, 2020, 6:37 p.m.
Make us preferred on Google
An army of Web 3.0 educators, developers and platform boosters can now secure funding from Blockstack’s nonprofit arm – so long as their blockchain projects focus on the Stacks ecosystem.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Under the Stacks Open Internet Foundation's beta grant program, projects will get between $1,000 and $5,000 to support their visions for Stacks blockchain tools, initiatives, evangelism and development.
- Funding these relatively small-dollar projects will help grow Stacks' community and facilitate its mission of supporting a user-owned internet, said Brittany Laughlin, the nonprofit's chief.
- For now, the foundation said it will dole out its grants in dollar form in lieu of stacks tokens (STX). That's a notable break from the crypto space's now commonplace practice of fostering development with grants in their target project's native token.
- Stacks plans to switch over to STX payouts just as soon as the blockchain upgrade called Stacks 2.0 goes live, Laughlin said.
- Her foundation has no shortage of the token. Last month Blockstack PBC turned 100 million STX tokens (worth $21.5 million at press time) over to Stacks, along with intellectual property rights to certain patented Blockstack technologies.
- Laughlin said Stacks will pour most of its token fortune into "grants and ecosystem development."
- "At least 30 million STX are dedicated to fund application development, as they were set aside for App Mining's next evolution, which will likely be awarded in the form of app development grants," she said.
Read more: Stacks Foundation Will Soon Put Those 100M Tokens to Work
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
What to know:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
Top Stories
