What is Stratis? What Does STRAX Do?

The STRAX platform was first announced in June 2016. It was later released in August 2016. In November 2020, Stratis launched a new Blockchain that uses “STRAX” to replace the previous STRAT Coin. In this article, as Kriptokoin.com, “What is Stratis?” We will answer the question. In addition to these, we will touch on all the questions about the project.

What is Stratis? What does STRAX do?

The STRAX project is a Blockchain platform that provides different products and services for businesses such as launching private sidechains, running full nodes, developing and deploying smart contracts. The native cryptocurrency of the Stratis project is STRAX Coin.

What is the purpose of the project?

The main purpose of the project; The goal is to allow applications and sidechains to be developed in C#, Microsoft’s .NET framework, and Stratis API, rather than requiring developers to learn unfamiliar Blockchain development languages. It also has an ICO launch platform that allows ICOs to be launched in just a few minutes.

Future:

It is a promising project as it allows businesses to fully customize their platform without the limitations of relying on a major Blockchain like BTC or ETH. For this reason, the price of STRAX Coin is expected to increase gradually in the coming periods.

What are the advantages?

• STRAX can be used for services such as executing smart contracts, paying for sidechains, and staking as collateral to run a Masternode.
• It also offers investors the opportunity to earn passive income as it is stachable.
• It offers various tools for building DApp and Blockchain networks in the developers language (C#).
• It is very useful thanks to the platform’s own ICO launch platform.

What are the disadvantages?

• The fact that the project, which appeals to blockchain developers, has a large number of competitors in the sector, can reduce the demands for STRAX Coin.
• Since the STRAX Coin price has high volatility, there is a possibility that it will rise rapidly in a short time and crash suddenly. Therefore, it is seen as a risky investment option.

What is Stratis? How to buy STRAX?

Exchanges that can be traded with STRAX; Binance is Mandala Exchange, Upbit, Gate.io, DigiFinex. To purchase coins, these steps are followed:

First of all, access the web/mobile application of the exchange listing STRAX you have chosen as the first step. Then complete the account opening steps of the exchange. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose STRAX Coin with the balance amount you want and create a purchase order. Store in your trusted cold or hardware wallet accounts.

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