Stronghold

Stronghold is a payment infrastructure company that offers businesses services such as ACH and near-immediate payments, card processing, checkout pages and business financing. SHX (written SHx by the company) is the token issued on the Stellar network for use in this payment ecosystem. Stellar runs on the low-energy Stellar Consensus Protocol. The CoinGecko listing shows that the token also has a contract on Ethereum and that this contract was recently moved to a new address.

According to the company's official page, SHX serves three functions. Businesses on the payment network and their customers earn SHX under the Stronghold Rewards Program based on their transaction volumes. SHX liquidity pools provide capital for the financing product the company offers to businesses. Token holders can also take part in votes on network features and applications in proportion to the amount of SHX they hold.

SHX usage depends on the company's activity on its payment network, the size of the liquidity pools and developments in the Stellar ecosystem. The token trades on centralized exchanges such as Kraken and Gate as well as on decentralized platforms on Stellar. The Stronghold price on Lzzo.com is DefiLlama's US dollar reference and is for information only.