Stronghold Token (SHX): D-Score 27/100 — Centralized Leaning

BlockIndex D-Score: 27/100 (Centralized Leaning). Stronghold Token (SHX) is a Layer 2 cryptocurrency using Other consensus. Stronghold Token (SHX): Multi-chain payments token on Stellar and Ethereum enabling merchant settlement, DeFi liquidity, and airdrop distribution.

Source: https://blockindex.ai/coin/shx · Data by BlockIndex.AI · Updated 2026-06-19

D-Score breakdown (0-100, higher means more decentralized)
Component: Score: Overall D-Score: 27: Node distribution: 0: Initial distribution: 0: Governance: 16: Age and history: 11: Autonomy: 0: Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Airdrop
- Founder: Tammy Camp; Sean Bennett
- VC funded: No
- Max supply: 99,756,866,344
- Circulating: 5,793,905,044 (5.8%)

Market data (as of 2026-06-19)
- Price: $0
- Market cap: $27.53M
- 24h volume: $740,232.94
- 24h change: -5.13% · 7d change: +7.52%

About
Stronghold Token (SHX) is a payments-focused utility token issued by Stronghold and presented in a dual-chain format: a native Stellar asset and an ERC-20 representation on Ethereum. The materials provided emphasize Stronghold's payments-first product strategy, with SHX intended to enable real-time settlement for merchants and businesses, provide fee discounts and loyalty integrations, and support merchant financing and decentralized merchant cash advance use cases. The token is described as being distributed via airdrops rather than through an ICO/TGE/IEO, and the project operates with a fixed maximum supply (reported around 99.75 billion SHX). Market snapshots in the supplied sources portray SHX as a small-cap token with modest liquidity and holder counts, and the documentation supplied for this extraction does not include a formal launch date or detailed corporate registration information.

From a technical perspective, SHX is a multi-chain asset rather than a standalone blockchain. Its primary on-chain presence is as a native Stellar-issued asset that leverages Stellar Consensus Protocol (SCP) / proof-of-agreement design for energy-efficient settlement; additionally, SHX is represented on Ethereum as an ERC-20 token (contract 0x516d31321928700c6b4fb0db0c8c6bc5d6799787) for interoperability with Ethereum-based DeFi and liquidity provisioning. The sources emphasize developer APIs and integration tooling to connect Stronghold's payment rails with legacy financial infrastructure, aiming to make SHX useful for merchants and payment processors. The supplied materials do not include core low-level node or chain metrics (blocks, transactions, TPS) for either Stellar or Ethereum as used by SHX, nor do they provide an explicit GitHub repository or open-source license declaration.

Economically, the tokenomics information in the provided extract highlights a very large fixed maximum supply (approximately 99.75B SHX) with a relatively small circulating portion (reported as ~5.79B SHX, ~5.808% of max supply in the snapshot). Price-history details captured in the sources show an all-time high of $0.05931 (documented on 2021-05-17) and a current price snapshot around $0.007386–$0.007387 at the time the market data was scraped. The summary materials explicitly state distribution was performed via airdrops rather than an ICO/TGE/IEO, and no explicit premine or founder allocation percentages were included in the scraped content. Market metrics in the provided files show modest market capitalization and daily volume figures consistent with a small-cap token listing on aggregator pages.

Governance and organizational details are described only at a high level in the content: token-holder voting on network features is mentioned, but the sources do not establish a formal on-chain DAO, specific voting contract addresses, quorum rules, or precise governance mechanics. Founders Tammy Camp and Sean Bennett are named and described with entrepreneurial and technical backgrounds, but the scraped files do not provide a full team roster, an identified CEO, or detailed legal registration information. The materials list a number of infrastructure and analytics services that surface SHX market data (CoinMarketCap, CoinGecko, Chainz/Cryptoid references) and a single verified browser extension wallet (Nami) from the validated wallet/exchange extraction; no explicit centralized exchange listings are present in the verified data provided. Overall, the supplied sources present SHX as a merchant- and payments-oriented token with multi-chain availability, airdrop distribution, and modest market presence, while leaving several operational and governance details unspecified in the scraped captures.

Links
- Website: https://stronghold.co/stronghold-shx
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore