OKX has announced the listing of the Satoshi Island STC token on its spot trading markets, allowing users to trade STC against major stablecoins.
Trading Schedule and Key Dates
The trading schedule for STC is as follows:
- STC Deposits Open: August 22, at 05:00 am UTC
- Spot Trading Begins: August 22, at 08:00 am UTC for STC/USDT and STC/USDC pairs
- STC Withdrawals Open: August 23, at 10:00 am UTC
Adhering to this timeline is crucial for traders looking to participate in the initial market activity.
What Is Satoshi Island?
Satoshi Island is a private island project spanning 32 million square feet, owned by Satoshi Island Holdings Limited. It is designed to be a hub for the cryptocurrency and blockchain community, offering a physical space for innovators and enthusiasts to connect and collaborate.
The Role of the STC Token
The Satoshi Island Coin (STC) is the native cryptocurrency designed to power the island's economy. It is intended to be the primary medium of exchange for all commerce and transactions conducted both on the island and through its associated digital platforms.
Tokenomics at a Glance
- Asset Name: Satoshi Island Coin
- Ticker: STC
- Total Supply: 21,000,000 tokens
- Initial Circulating Supply: 1,407,000 tokens
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Understanding the Risks of Digital Asset Trading
Investing in digital assets like STC carries inherent risks. The market can be highly volatile, and there is a potential for loss of capital. It is essential to thoroughly assess your risk tolerance, consider your investment goals, and consult with an independent financial advisor if needed before engaging in spot trading or any investment activity.
Frequently Asked Questions
What is the STC token used for?
The STC token is the utility token for the Satoshi Island ecosystem. It is required for all forms of commerce on the physical island and for transactions within its associated digital platforms, acting as the lifeblood of its economy.
When can I start trading STC on OKX?
Spot trading for STC/USDT and STC/USDC pairs will commence on August 22 at 08:00 am UTC. Deposits for the token will open a few hours earlier on the same day at 05:00 am UTC.
What is the total supply of STC tokens?
The STC token has a fixed total supply of 21,000,000 tokens, mirroring the supply cap of Bitcoin. The initial circulating supply at listing was 1,407,000 tokens.
How can I learn more about a new token before trading?
Always conduct your own research (DYOR). Examine the project's whitepaper, official website, and team background. 👉 Get advanced market analysis tools to help evaluate new listings and market trends effectively.
Is my investment in STC guaranteed?
No, all digital asset investments are subject to market risk. The value of your investment can go down as well as up, and you may get back less than you invested. Never invest more than you are willing to lose.
Where can I find more information about the Satoshi Island project?
For detailed information about Satoshi Island's vision, development plans, and token utility, you should visit the project's official website and review its published documentation.