What is the current price of STAKE (STAKE)?

The current price of STAKE (STAKE) is 0.0926221475955862 AUD, representing a +0.32 from the day prior.

Can I buy STAKE (STAKE) on Coinstash?

Yes - you can easily buy and sell STAKE (STAKE) on Coinstash. Simply login or sign up, to start buying STAKE (STAKE) in minutes.

Where is the best place to buy STAKE (STAKE) in Australia?

The best place to buy STAKE (STAKE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell STAKE (STAKE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of STAKE (STAKE)?

The trading volume of STAKE (STAKE) is 18 AUD in the last 24hrs, representing a +0.32 from the day prior.

How can I buy STAKE (STAKE)?

STAKE (STAKE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of STAKE (STAKE)?

The current market cap of STAKE (STAKE) is 178.5K AUD.

Can I convert STAKE (STAKE) to cash?

Yes - With Coinstash you can convert your STAKE (STAKE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many STAKE (STAKE) are there?

The current circulating supply of STAKE (STAKE) is 1.8M.

Is Coinstash a safe place to buy STAKE (STAKE) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling STAKE (STAKE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy STAKE

What is STAKE?

STAKE is a multi-chain staking token designed to secure the xDai chain, which operates as a stable payment blockchain pegged to the US dollar. It plays a critical role in maintaining the network's security and providing consensus.

How does STAKE work?

STAKE operates on the Gnosis Chain (formerly known as xDai Chain) using a Delegated Proof-of-Stake (PoSDAO) consensus mechanism. It involves validators and delegators staking their STAKE tokens to achieve transaction consensus and to receive staking incentives. The process is designed to maintain network security through participation and rewards.

What are the potential use cases for STAKE?

Stake has several use cases, including:

Peer-to-peer payments: Allows for fast and efficient stable payments.
Smart contract scaling: Facilitates scaling computations for decentralised applications (dApps) and smart contracts.
Decentralised finance (DeFi): Supports stable transactions and low fees, which are crucial for various DeFi applications.
Gaming: Enables fast and inexpensive transactions, enhancing gaming platform efficiency.

What is the history of STAKE?

STAKE was developed by the POA Network and was launched on October 1, 2018. It was initially introduced to improve scalability and address the issue of high gas fees on Ethereum. Key milestones include its launch at ETHBerlin, the implementation of PosDAO consensus in April 2020, and partnerships such as the GnosisDAO for the development of the Gnosis Chain. The technology has evolved from a sidechain to a full-fledged blockchain with growing market presence.