OKX has announced the listing of Satoshi Island's STC token on its spot trading markets, offering users the opportunity to trade this unique digital asset. The token plays a central role in the economy of Satoshi Island, a private island project aimed at creating a crypto-focused community.
The trading schedule for the STC token is as follows:
- STC deposits open at 05:00 am UTC on August 22.
- STC/USDT and STC/USDC spot trading begins at 08:00 am UTC on August 22.
- STC withdrawals become available at 10:00 am UTC on August 23.
About Satoshi Island and the STC Token
Satoshi Island is a private island project spanning 32 million square feet, developed by Satoshi Island Holdings Limited. The initiative aims to establish a physical hub for the global cryptocurrency community.
The Satoshi Island Coin (STC) is the native cryptocurrency designed to power all economic activity within this ecosystem. It will be required for commerce on the island and for various transactions related to the project.
Token Details:
- Asset Name: Satoshi Island Coin
- Ticker: STC
- Total Supply: 21,000,000 tokens
- Circulating Supply: 1,407,000 tokens (as of August 22, 2022)
Understanding the Risks of Digital Asset Trading
It is important to remember that trading digital assets carries significant risk. The market is highly volatile, and you could lose some or all of your invested capital. Before participating, ensure you fully understand these risks. Consider your experience level, investment goals, and seek independent financial advice if necessary.
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Frequently Asked Questions
What is Satoshi Island?
Satoshi Island is a large private island project intended to serve as a physical capital for the cryptocurrency community. It is designed to be a hub for innovation, business, and living, all integrated with digital currency.
What is the STC token used for?
The STC token is the primary medium of exchange for the Satoshi Island economy. It is required for all forms of commerce on the island and for transactions conducted through the project's platforms.
When can I start trading STC on OKX?
Spot trading for STC/USDT and STC/USDC trading pairs begins on August 22 at 08:00 am UTC. Deposits open a few hours earlier on the same day at 05:00 am UTC.
What is the total supply of STC tokens?
The total supply of STC tokens is fixed at 21 million, a number that pays homage to Bitcoin's maximum supply.
How do I stay updated on new token listings?
To stay informed about new digital asset listings and market updates, it is best to monitor official exchange announcements and community channels. 👉 View real-time tools and market updates
Is my investment in STC guaranteed?
No, like all digital assets, an investment in STC is not guaranteed. Its value is subject to market fluctuations and the success of the Satoshi Island project. Always conduct thorough research and never invest more than you can afford to lose.