Stratis STRAT – Everything Beginners Need to Know

Written by Adolph Obasogie - Reviewed by Coin Review Team

Published: May 21, 2018 | Last Updated: Jan 18, 2019

2024-12-07T12:40:51+00:00

What is Stratis?

Stratis is a Blockchain-as-a-Service (BaaS) platform that was designed for financial services. The platform allows anyone to create their own private blockchain on top of the Stratis ecosystem. All of these side chains are highly customizable and can be accessed via APIs or lite clients.

The edge of Stratis is that corporations can use their solution to quickly set up private blockchains in a Stratis sidechain without the need to build a blockchain system from scratch. The native currency is called STRAT and is used to create and fuel the sidechains.

Furthermore, it also offers training and consultancy of how to create and use a blockchain.

Table of Contents:

History

It was funded through a token sale that was held from 21 June till 26 July 2016.

98 million STRAT were sold. Founder and current CEO is Chris Trew.

Can Stratis be mined?

No, but since it uses Proof-of-Stake, you can stake your balance to help secure the network and earn additional tokens as compensation.

What differs Stratis from other Cryptocurrencies?

Stratis was one of the first to offer a turnkey solution which enables companies to leverage blockchain technology without the need to build one from the ground.

To find out insider news, before-the-public, I advise you to bookmark www.blockchainwhispers.com

How much is it worth today?

What is the total and the circulating supply?

The total supply of STRAT is infinity in theory and the circulating supply at the time of writing is 98,850,639 STRAT.

Where can you buy STRAT?

You can buy STRAT on several cryptocurrency exchanges, most notably Binance, Bittrex, and Upbit.

Can STRAT be sold for cash?

You can sell STRAT for cash on several cryptocurrency exchanges that have fiat-pairings, most notably Upbit.

Future Development

Stratis is in the process of releasing an ICO-platform, Alpha release of smart contracts and the Beta Release of a Full Node GUI in the first two quarters of 2018.

Also, a community for developers, Stratis academy, is planned. The Full Node Mainnet Beta was released in March 2018.

Verdict and Rating

6/10
Stratis has a huge first-mover advantage in the BaaS sector and is making great progress to becoming enterprise ready. Good project, but the high supply is what concerns me from an investors perspective.

6 / 10.0

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Disclaimer

The writer’s views are expressed as a personal opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.