The SHx token has been a key building block of the company since Stronghold’s early days as a payments startup. Now, it’s a central component of our mission to champion accessible payments, providing fast settlement times and low transaction fees for your business. We built SHx on the thriving Stellar blockchain for this reason. Instead of waiting hours and paying double-digit USD fees like other networks require, your transactions are settled in real-time with costs as low as a fraction of a penny.
If you’re looking for even more perks beyond fast and affordable payments, SHx delivers many other benefits to businesses of all sizes. Stronghold cares deeply about nurturing our merchant partners beyond providing payments, and SHx brings this notion to life. Most tokens store value; here’s how SHx creates it for your business.
Receive Rewards for Running Your Business
Stronghold® has developed the first-ever Merchant Rewards Program, with the SHx token supporting its growth. Businesses within the Stronghold ecosystem gain a reward point for every dollar of transaction volume and can redeem the points to receive Stronghold’s SHx token or reduce processing fees.
Access Secure and Fast Financing
SHx also powers Stronghold’s unique Merchant Financing offering. Businesses in the Stronghold network can receive funding (in U.S. dollars) through a simple application that takes only a few hours to process. Stronghold already has an accurate picture of your business and its needs, making financing allocation quick and easy. Plus, the SHx-backed financing program offers scaled, daily repayments. The automatic daily repayments are based on a fixed percentage of sales, which means they’re lower when it’s slower to provide breathing room on the days you need it most, and higher when revenue is strong.
Make your Transactions Climate-Conscious
SHx is built on the Stellar network, one of the most energy-efficient blockchain networks. Using the Stellar Consensus Protocol (SCP), a low-energy consensus mechanism achieved through Proof-of-Agreement (PoA), SHx saves energy with each transaction. Stellar’s first-of-its-kind framework gathers information about electricity consumption and greenhouse gas emissions that arise from blockchain protocols and allows financial service providers to get a clear picture of their environmental footprint while utilizing the energy-saving protocol. This overcomes the traditional climate concerns associated with Proof-of-Work (PoW) mechanisms like Bitcoin. Your business can thrive while still supporting the planet.
If you’re looking to build or reinforce a strong foundation for your growing business, SHx is a great place to start. Explore Stronghold’s payment offerings today.