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Stratis (STRAX)

Last updated 12/07/2022

Official Website: https://www.stratisplatform.com/

What Is Stratis (STRAX)?

Stratis is a blockchain-as-a-service platform that gives businesses access to a range of goods and services, including the ability to construct private sidechains, manage full nodes, create and use smart contracts, host initial coin offerings, and use applications for proof-of-identity. The business additionally offers blockchain consulting services and bitcoin wallets.

With the use of its own native currency, STRAX, which can be used to pay for sidechains, execute smart contracts, and stake as collateral to run a Masternode (a node on the network that offers a particular required service), Stratis runs its own blockchain.

The Stratis BaaS platform, according to its whitepaper, is made to allow financial service providers and other businesses to test, build, and deploy blockchain-based applications without having to worry about the costs and security risks associated with running their own networks. Businesses can do this by running permissioned, private sidechains that communicate with Stratis' main chain, hosting decentralized applications, launching smart contracts, and utilizing a variety of privacy and identity verification technologies, among other things. According to its whitepaper, this strategy provides businesses the opportunity to entirely personalize their platforms without being constrained by having to rely on a significant blockchain, like Bitcoin or Ethereum (ETH).

Stratis has announced business alliances with organizations including software behemoth Microsoft, market intelligence provider International Data Corporation, and blockchain development company MediConnect for the pharmaceutical industry, among others. In order to promote the platform, it has also sponsored elite athletes.

Stratis released an enhanced development strategy for the conclusion of 2020 and the beginning of 2021 with the introduction of their new STRAX-based blockchain in November 2020. The launch of a decentralized autonomous organization, an Internet of Things software development kit, a decentralized finance software library, and more are all included.


Chris Trew Founder and CEO.

In 2016, the Stratis platform was established. He founded the business with the intention of creating an enterprise-focused blockchain platform, something he perceived the market lacked at the time. He made the choice to build the platform around the Bitcoin (BTC) protocol because he thought it would eventually take over the crypto industry and become so powerful that its software would undergo constant development.

Trew has a background in enterprise information technology prior to founding Stratis. He spent ten years working in various IT positions in the legal, aviation, and public sectors as well as with financial organizations like Barclays after teaching himself the C# programming language. He also ran a search engine optimization and internet marketing company.

Within the crypto and blockchain industry, Trew was a volunteer developer for the cryptocurrency project Blitz and social networking platform The Viral Exchange. 


Where to store Stratis (STRAX) 

Stratis Core Wallet is the official wallet launched by the Stratis team itself. So safety is secure by default but still, they are more vulnerable than hardware wallets. It uses the Proof of Stake (PoS) algorithm. You can receive rewards by staking the STRAX token in your core wallet. 

Cirrus Core allows users to manage tokens issued on the Cirrus Sidechain and create their SRC-20 token with a single click. This functionality removes any historical complexities associated with issuing a token via a Smart Contract and allows individuals/businesses to deploy their token on Stratis for immediate use effortlessly.

Another option where you can store your Streamr is in Coinomi Coinomi along with various other cryptocurrencies. Coinomi is free and easy to use and can be downloaded to either a desktop or mobile device. Coinomi will then be tied to whichever device it has been downloaded to which will also be the device you will use to access and manage your crypto assets.    

Similarly, a user-friendly option to keep your $STRAX secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.   

Where to Buy and Sell Stratis (STRAX)  

You can Buy & Sell Stratis (STRAX) by heading over to the Buy Coins page of our website. Stratis (STRAX) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $STRAX has never been easier, simply place your order and provide your wallet address. Once your payment arrives Stratis (STRAX) will be sent directly to your wallet.    

 If you choose to Sell Stratis (STRAX) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.  

Stratis (STRAX) Resources: 

Website: https://www.stratisplatform.com/ 

Block Explorer: https://chainz.cryptoid.info/strax/

Twitter: https://twitter.com/stratisplatform 

Medium: https://stratisplatform.medium.com/ 

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence. 

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