STX Token is the native cryptocurrency of the Stacks blockchain, a network that enables smart contracts and decentralized applications to be built on top of Bitcoin. STX Token serves multiple purposes within the Stacks ecosystem, including facilitating transactions, powering smart contracts, and participating in the network's consensus mechanism.

One of the key features of STX Token is its role in securing the Stacks blockchain through a unique consensus mechanism known as Proof of Transfer (PoX). PoX allows STX Token holders to earn Bitcoin rewards by locking up their tokens and participating in the consensus process, thereby aligning incentives and promoting network security.

In addition to its role in consensus, STX Token is used for governance within the Stacks ecosystem. Token holders can participate in decision-making processes related to protocol upgrades, network improvements, and other key developments by staking their tokens and voting on proposals.

Furthermore, STX Token can be used to access and interact with decentralized applications (dApps) built on the Stacks blockchain. Developers can create a wide range of dApps, including decentralized finance (DeFi) platforms, non