Stratis (STRAX) is a blockchain-as-a-service (BaaS) platform designed to provide several products and services to enterprises, such as launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering (ICO) platform, and a proof-of-identity application. It also provides cryptocurrency wallets and blockchain consulting services.
The Stratis platform is a highly decentralized blockchain development environment designed specifically for Microsoft developers to create blockchain solutions using familiar languages. It offers a rich ecosystem with tools and Software Development Kits, enabling developers to build projects confidently and reliably on a mature framework.
As a decentralized, highly secure, and energy-efficient platform, Stratis is the perfect choice for deploying your blockchain project. Drawing its architectural foundation from the highly secure Bitcoin blockchain, Stratis incorporates a Proof-of-Stake implementation that results in a low carbon footprint due to energy-efficient block production.
STRAX is the native cryptocurrency that fuels the Stratis blockchain, used to purchase and operate certain services on the platform. STRAX holders can also use their tokens to receive tokens on sidechains and use them to execute smart contracts. It is also used to meet the needs of C# and .NET programmers as they build and migrate applications to the blockchain.
Stratis is a blockchain development platform that provides solutions for enterprise businesses to create applications on specific, private blockchains. The Stratis API framework enables organizations to speed up blockchain creation and development.
Stratis primarily focuses on financial institutions and provides the benefits of digital technology to organizations active in the financial sector. It is implemented as a BaaS platform, meaning that the blockchains running on the network are accessible through the cloud.
The StratisPlatform allows corporations to create custom dApps without needing a complete full node to access their specific blockchain. In this manner, it helps free up organizational resources, helping them realize higher efficiencies through digital transformation.
For developers, Stratis offers a comprehensive ecosystem equipped with tools and Software Development Kits (SDKs), empowering developers to confidently and reliably construct projects on a robust framework. It provides developers with an extensive toolset that simplifies the learning process for new developers exploring blockchain concepts, complete with code examples and reference implementations.
Stratis Group Ltd., the company behind the Stratis platform, was founded in 2016 by Chris Trew. The Stratis blockchain was launched two months later, in August.
In March 2019, Stratis introduced its vision to develop blockchain technology for enterprises. Key areas focused on in Stratis’s development roadmap through 2019 include adding support for Java and JavaScript, Breeze Privacy Protocol for STRAT token, introducing PoS sidechains and sidechain masternodes, launching the Stratis STO platform, mobile wallet, payment gateway, and Unity SDK integration.
In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token. In the same month, the platform released a blockchain-agnostic and open-source protocol for communication between public and private blockchain networks called InterFlux.
According to the project’s roadmap for 2020-21, key milestones included Ethereum interoperability, STO and digital asset platform, IoT development kit, Unity development kit, DeFi software library, and an upgrade to its PoS consensus mechanism. Other developments included a Python development kit, mobile support for the DEX, mobile wallet token support, Stratis system contracts, Stratis DAO, and oracles.
Stratis launched the wrapped STRAX token wSTRAX in March 2021, an ERC-20 token supported on the Ethereum blockchain. The network launched its Genesis NFT collection in November 2021.
InterFlux v2 was launched in March 2022, and the blockchain funded the Ugandan Innovation Center in May. In October 2022, Stratis became an open banking technical service provider. In February 2023, the network launched a next-gen NFT ticketing platform within its ecosystem, Ticketsphere.
Period | Change | Change (%) |
---|---|---|
Today | $0.00004 | 0.07% |
7 Days | $0.0059 | 11.65% |
30 Days | $0.00717 | 14.52% |
3 Months | $0.00699 | 14.10% |
Stratis token could make an interesting addition to your crypto portfolio, especially if you wish to invest in projects with potential for mainstream use. As a provider of an enterprise-ready blockchain solution, the value of Stratis could rise as more organizations consider adopting this technology.
Rising interest in deploying blockchain-based applications among enterprises could spur higher interest in the Stratis Platform, boosting the STRAX price statistics in the market. As more organizations sign up to use Stratis’s services to onboard their web3 journeys, we could see the price of STRAX strengthen further in the future.
The $STRAX price could also gain when the overall market sentiment toward cryptocurrencies turns positive. In addition, a more favorable outlook towards web3 adoption among mainstream organizations could also encourage an uptrend in the STRAX token price.
While providing a reliable STRAX price prediction is unattainable, the following are some crucial elements that may impact the price fluctuations of the Stratis token:
The growing adoption of Web3-oriented technologies and solutions in the broader market may boost the demand for blockchains such as Stratis. The scalable framework of the Stratis platform is optimally designed for implementing real-world decentralized applications.
The Stratis ecosystem may draw more end users and developers to the blockchain as it expands. The increased on-chain activity could elevate the value of Stratis cryptocurrency.
When Stratis announces new partnerships, integrations, and investments, more crypto traders get interested in buying the STRAX token. This, in turn, drives uptrends in the STRAX to USD price in the crypto market.
Market sentiment plays a crucial role in determining price movements in cryptocurrencies. A positive or bullish sentiment enhances investor confidence and stimulates buying activity. In this scenario, the $STRAX price may experience growth. Conversely, a bearish atmosphere could lead to sell-offs, potentially impacting the live price of Stratis crypto negatively.
STRAX is the native token of the Stratis platform and has the following use cases:
STRAX fuels the Stratis blockchain and is used to buy and access services offered on the network. It is also required for executing smart contracts, paying for sidechains, and more.
Token holders can also stake STRAX as collateral to operate a Masternode on the PoS Stratis network. Each Masternode offers a specific service on the versatile blockchain.
Trade Stratis against various digital assets to capitalize on fluctuating market conditions. You can buy or sell STRAX in exchange for other cryptocurrencies on KuCoin spot market or hold it if you have faith in the long-term prospects of the Stratis project.
As a PoS network, Stratis lets you stake STRAX tokens to participate in validating transactions and producing new blocks for its blockchain. Here’s how you can stake STRAX on the Stratis blockchain:
1. Create a new account on STRAX Wallet, the official crypto wallet of the Stratis Platform, if you are a new user.
2. Fund your STRAX Wallet by buying Stratis crypto on KuCoin or other supported platforms and withdrawing your tokens to your wallet.
3. Visit the Cold-Staking section of the STRAX Wallet and set up your wallet using the Hot wallet functionality feature.
4. Use your hot staking wallet address to set up cold staking of STRAX tokens.
5. Click Start Staking in your STRAX Wallet interface, enter the number of tokens you want to stake, and confirm the transaction.
6. Sit back, earn rewards, and grow your portfolio by staking STRAX on the Stratis blockchain.
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