STB is the native cryptocurrency issued by the Stabila POS blockchain. Many fintech applications are being developed on its open source code. It has high concurrency, low latency, and massive data transmission capabilities. It is a fraud/scam-free environment, allowing only licensed contracts.
Stabila trades with the STB ticker symbol. As of June 2022, STB was listed on the Moneta Digitec cryptocurrency exchange, supporting more than 1 million transactions per day. So if you're new to cryptocurrency and are considering investing in STB?
Read on as we break down what STB Coin is and how it works.
What is STB Coin, and how does it work?
STB is a cryptocurrency similar to BTC or ETH. Its price rises and falls in value as traders, investors or individuals use and trade it. Holders can store the STB in wallets online or offline, on crypto exchanges, or on the native Stabila wallet. Users can send, or transfer the coin directly to other people at any time.
What makes STB unique?
As the native crypto it propels the functionality of Stabila blockchain.
A brief history of Stabila Coin.
STB Coin was launched in November 2021 via an initial coin offering or ICO.
STB coins were dispersed among several participants, including the Stabila founding team and angel investors. Moreover, 1 million STBs were released to the crypto community. During the ICO, the first 100,000 coins were sold for $1 each. STB price today is above $23 and is growing.
STB Coin Use
STB token is used for several things. It's used as transaction fees on the Stabila blockchain, payment processing, loans and transfers, stacking, etc. STB is a decentralized Proof of Stake blockchain. It has smart contract functionality. It is also used in financial transactions as a digital currency.
STABILA enables large-scale development and engagement. It is ideal for building decentralized financial applications.
Why Invest In STB?
Let us look at the for and against. You may find it useful if one day you decide to invest in some STB Coin.
- STB is becoming highly popular with a speed of over 2500 transactions per second (TPS).
- STB offers low fees. Transaction prices are less than $2.
- STB is decentralized.
For those who are on the risk side, cryptocurrencies are constantly at risk of regulations around the world.
- Stabila is a significant target for hackers.
- Competition from other smart contract blockchains.
How do investors buy Stabila (STB)?
For users to buy Stabila (STB), they need to seek out a crypto exchange. It is very easy to set up an account.
- Create an account.
- Complete the KYC process.
- Deposit crypto, fiat.
- Start trading.
- Withdraw your STB into a wallet.
Can Stabila Coin be converted to cash?
Stabila STB can be converted to cash, like any other cryptocurrency. Users need to sell their STB holdings to the crypto exchange and cash out in the fiat currency they desire.
Who sets the STB price on the crypto market?
The price of STB is determined by the market supply and demand. The increase in the demand for STB Coin will drive the price up. The increase in supply will drive the price down.
STB wallet.
To store STB, a user requires a Stabila wallet. These are digital wallets and can be accessed via the internet. The STB wallet stores the private key. If a user loses the private key, they will lose their STB. There is no customer service to recover the private key.
The best advice I got from my parents was that knowledge is power. I guess it all ends up in doing more reading. No journey starts without proper knowledge, neither investing and trading with Stabila Coin. My advice is always to consult with an expert before you start investing. For real-time transaction reports or all things Stabila Coin or Wallet, visit their website.
Disclaimer: Nothing in this article constitutes professional investment advice. Please do your own thorough research before making any investment decisions.