Community Trust ScoreVerified
Stacks are here in the decentralized blockchain and cryptocurrency ecosystem with their focus on whys and what.
Mitchell Cuevas, Head of Growth, recently communicated about what the community and other entities can expect from them. To help self-organize, recently, they have shared their intentions, approaches, and goals to help pursue their mission of building a user-owned internet.
For those who are new to Stacks (STX), it operates on its blockchain. STX gets minted through the mining process. The overall supply of Stacks which will ever be issued will be 1.82 Billion coins. The current supply of STX in circulation is at 1.05 Billion coins. At the time of reporting, the price of Stacks was trending at $ 1.18.
Stacks are now a small team, but they are growing. They know that there are endless things that they can focus on; however, they are keen on identifying the high leverage activities to filter projects further to express their position and purpose in the ecosystem uniquely.
They are very keen to take risks. The community is bullish, and they are backing their community of builders and projects through the risks of executing their projects to completion. They are not bothered about short-term returns. The foundation is focused on identifying and achieving their long-term potential.
Whether in educating their community, building their products, or providing for protocol advancement, they are about the long term. There are many unknown risks about a “user-owned internet” in terms of crime security risks and several other unexplored unlisted factors. They are making it a mandate to take a long view of the social and economic implications of the “user-owned internet.”
They are strategizing their moves in a way to “hedging their bets” as opposed to “normalizing failure.” They are focused on ensuring commercial success by supporting a wide range of projects which exhibit the capability to deliver value to the community.
They are set to break large and ambitious projects into smaller ones with achievable milestones. This they feel will ensure that they deliver some useful took even if they did not complete the final product.
They are focused on short-term necessity vs. long-term sustainability. They keep revisiting their goals to achieve a balance. They work with a long-term mindset, value-driven, prioritize builders, collaborate, and ensure the treasury belongs to the community.
They work with a marketing budget focused on amplifying builders using education and strategic partnerships. They are looking to establish STX everywhere by publishing educational content, identifying the right partners, being clear about the road map and the stacks story, and telling builder stories. Whether they will to the influencers, speaking slots, and general clout-chasing is something we will witness soon.
