To continue listing articles introducing coins & tokens, today vietnam-ustrade.org will introduce the virtual currency Stratis (STRAT) through the following article:
What is Stratis coin?
Stratis coin (STRAT) is a virtual currency within the Stratis Platform ecosystem, a Blockchain platform designed for enterprises, launched in 2016 via ICO.
About Stratis (STRAT) coin
- Symbol: STRAT
- Type: Virtual currency
- Protocol: PoW (Proof of Work)
- Average transaction time: 100 TPS – 2000 TPS
- Block Time: 60 seconds
- Blockchain: Stratis Platform
- Total supply: Unlimited
- Circulating supply: 99,327,705 STRAT
Token Allocation
Initially, 98 million STRAT were created with the following distribution:
- STRAT issued through token sale to investors: 85.72%
- STRAT held by Founders and development team: 8.16%
- STRAT held by partners, advisors: 2.04%
- STRAT for marketing and community development
Note: All STRAT tokens are unlocked, no vesting.
Token Sale: there was only one Token Sale round, a Public Sale.
Stratis coin exchange rate today
As of the writing date, April 12, 2020, on Coinmarketcap, the exchange rate of Stratis coin is:
Purpose of STRAT usage
Stratis coin is used as a means of payment within the Stratis Platform network, positioned as a BaaS, playing roles in providing products and services such as:
Smart Contracts
On the Stratis Blockchain platform, individuals or organizations can create smart contracts.
Sidechains
Individuals or organizations can create and optimize their own blockchain needs via Stratis Sidechains.
ICO Platform
All projects developed on the Blockchain Platform can conduct ICOs through the ICO Platform service.
Stratis Identity
Organizations or individuals can verify identities via Stratis Identity on this coin’s Blockchain.
Transaction Fees
STRAT is used to pay for transaction fees on the Stratis Blockchain network.
Stake Rewards
Since it operates on a PoS consensus mechanism, STRAT is used as rewards for Stakeholders, helping to ensure stable speed and security.
Stratis coin transaction fees
When transferring STRAT on the Blockchain network, investors will incur Transaction Fees, which depend on the network’s status at the time of transfer.
Fees for depositing/withdrawing STRAT may vary depending on each exchange’s regulations, so investors should check in advance to choose the appropriate option.
How to earn Stratis coins
Currently, users can earn Stratis by purchasing it on exchanges supporting this coin or by Staking to receive additional STRAT, along with previous Airdrop and Bounty programs.
How to mine STRAT
Users cannot mine STRAT due to its PoS consensus mechanism; instead, they can Staking following these steps:
- Step 1: Own Stratis
- Step 2: Store Stratis on a compatible wallet (StratisX Wallet) that allows Staking
- Step 3: Activate the Staking function in the wallet
- Step 4: Ensure your computer always has an internet connection
Stratis coin storage wallets
Currently, Stratis has two official wallets: Stratis Electrum and StratisX Wallet, supporting Windows, macOS, and Linux, specifically:
- Stratis Electrum: Suitable for users who only need to store or send/receive Stratis because it is a simple and lightweight wallet, with versions available for Mac OS and Windows.
- StratisX Wallet: This wallet supports STRAT storage and allows staking, meaning users can earn rewards while holding Stratis coins in the wallet, with Staking increasing the amount of coins over time.
In addition to these two wallets, users can also use third-party secure and reputable wallets such as:
- Ledger Nano S: A cold wallet supporting multiple coins including Stratis, very secure with nearly absolute security, but requires a payment of a few million VND.
- Coinomi: A mobile wallet, both secure and free, supporting Android and IOS.
- Exchange wallet: If frequently trading Stratis, consider storing STRAT on the exchange; however, this method has lower security.
Which exchange is best for STRAT?
Since its launch in 2016, Stratis has been traded on many international exchanges such as:
Binance Bittrex Upbit Poloniex HitBTC Livecoin Cryptopia Bithumb Bittylicious LiteBit.eu SouthXchange Crex24
Most notably, Binance with a trading volume accounting for 47.98%.
In Vietnam, there are also some exchanges allowing trading and buying/selling Stratis coins in VND, but with safety and price considerations, they are not listed here.
STRAT is considered to have relatively good liquidity with a 24-hour trading volume of around 4 million USD.
Future of Stratis coin
To predict the future of Stratis, investors can look at the following indicators:
Dapps
You can observe the number of Dapps running on the Stratis platform to gauge its success, although currently, there are no specific numbers available for Dapps on the STRAT blockchain.
Competitors
Stratis, positioned as a BaaS, is currently competing with Ark, Bytom, VechainThor, …
Partners of Stratis Coin
Stratis is collaborating with major companies like Binance, Azure, and Microsoft, …
Market potential of STRAT
Businesses are expected to increase their use of BaaS platforms in the future
Development roadmap of Stratis Coin
- STO Platform
- Stratis Core 2.0
- Sidechain Masternodes
Should you invest in Stratis in 2020?
All the comprehensive information about Stratis above will serve as parameters for investors to refer to, assess, and make their own decision regarding whether to invest in Stratis in 2020. Remember, all investments come with risks, and the final decision is yours.
Conclusion
Through this article “What is Stratis Coin? A-Z introduction to the STRAT virtual currency,” I hope to bring valuable information to you. Wishing you success in the Crypto market.
