Stratis
STRAX
Watchlist
₹7.05
LIVE
Watchlist
24H Low ₹6.67
24H High ₹7.15
Price of STRAX today
The current live price of STRAX today is ₹7.05, with a 24-hour trading volume of ₹4,86,17,741.92. Our STRAX to INR price is updated in real-time. STRAX has seen a decrease of -0.59% in the last 24 hours. With a live market cap of ₹0.00 , the circulating supply is at 0.000 STRAX coins, with a maximum supply of 0.000STRAX coins.
Stratis Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | -₹0.07 | 0.96% |
7 Days | ₹0.53 | 8.05% |
30 Days | ₹2.99 | 73.66% |
1 Year | -₹88.96 | 92.66% |
Stratis Price Information
Price Change (1hr)
1.35%
Price Change (24hr)
0.96%
Price Change (7d)
8.05%
Stratis Market Stats
Market Cap
₹0.00
Fully Diluted Market Cap
₹0.00
24hr Volume
₹4,86,17,741.92
1.89%
Circulating Supply
0 STRAX
Total Supply
0 STRAX
Things to know about Stratis
What is the Stratis (STRAX) token?
Stratis (STRAX) is a blockchain development platform designed for enterprise use, enabling businesses and developers to create private blockchains and applications with ease. It is particularly tailored for users familiar with Microsoft technologies, as it allows development in C# and .NET frameworks. Stratis aims to simplify the blockchain development process, offering features like smart contracts in C#, a low carbon footprint proof-of-stake consensus, and a decentralized accelerator for project funding. The platform also supports staking and master node deployment for STRAX token holders.
Tokenomics
STRAX is the native utility token of the Stratis platform.
It is used for staking and operating master nodes within the network.
Masternodes receive a 50% share of all block rewards on the Stratis Mainchain.
The token is also used for funding projects through the Stratis Decentralized Accelerator (SDA).
Distribution
: The total supply of Stratis (STRAX) is 157,484,788 STRAX. The initial distribution of the Stratis token during its Initial Coin Offering (ICO) and subsequent allocations are as follows:
ICO Distribution
: The ICO for Stratis distributed 98 million STRAX tokens.
84 Million (85.7%) of these tokens were claimed by early investors during the ICO.
The remaining 14 Million (14.3%) were allocated to the core team for development, marketing, partnerships, and incentives programs.
Post-ICO Token Generation and Allocation
:
Upon transitioning to a new blockchain, Stratis introduced the STRAX token, with an initial total supply of 125,000,000 STRAX.
An additional 25,000,000 STRAX tokens were minted through a Proof-of-Stake (PoS) consensus algorithm, bringing the total to 150,000,000 STRAX before any further adjustments.
These additional tokens were allocated as follows:
8,125,000 STRAX to the Foundation.
6,375,000 STRAX for Network Incentivization.
5,500,000 STRAX for Enterprise Incentivization.
5,000,000 STRAX set aside to fund the Stratis DAO Contract.
Inflation and Token Swap
:
STRAX comes with an integrated annual inflation rate of 10%.
A token swap from STRAT to STRAX was conducted, where STRAT tokens were exchanged on a 1:1 basis for STRAX.
The transition to the STRAX token and the allocations made post-ICO, including for the Stratis DAO Contract and incentivization efforts, reflect the project’s ongoing development and strategic initiatives to support the ecosystem’s growth.
Market Data
As of today #{today’s date}, the price of Stratis is ₹7.05 INR or 0.08008 USD, with a 24-hour trading volume of 552474.34 USD. The market capitalisation for Stratis is 0USD. The circulating supply is 0 Stratis, with the total supply also being 0 Stratis.
Token Pros and Cons
Pros:
Stratis offers a familiar development environment for C# and .NET developers, lowering the barrier to blockchain technology adoption.
The platform’s proof-of-stake consensus mechanism is energy-efficient and environmentally friendly.
STRAX holders can participate in network security through staking and earn rewards by running masternodes.
The Stratis Decentralized Accelerator provides funding for blockchain projects, fostering innovation within the ecosystem.
Stratis’ architecture is based on Bitcoin, providing a secure and proven foundation for the platform.
Cons:
The platform’s focus on Microsoft technologies may limit its appeal to developers outside the .NET ecosystem.
As a specialized blockchain platform, it may face stiff competition from more generalized platforms like Ethereum.
The success of the platform is heavily dependent on the adoption and development of enterprise solutions.
The need for running masternodes may centralize the network to some extent, as it requires a significant investment.
The overall market volatility of cryptocurrencies affects STRAX, which can lead to unpredictable price fluctuations.
Why Should You Invest in the coin?
Stratis provides a niche solution for enterprises looking to leverage blockchain technology, focusing on Microsoft’s widely-used programming languages.
The platform’s proof-of-stake model offers a more sustainable and eco-friendly alternative to proof-of-work systems.
By holding STRAX, investors can participate in the network’s governance and earn passive income through staking and masternodes.
The Stratis Decentralized Accelerator supports the ecosystem’s growth by funding innovative projects, potentially increasing the token’s value.
The platform’s strong foundation on Bitcoin’s secure architecture may make it a reliable long-term investment.
USP of the coin
Stratis uniquely caters to C# and .NET developers, providing a bridge between the traditional software development world and blockchain technology.
The platform’s focus on enterprise solutions and its ability to create private chains tailored to specific business needs set it apart from other blockchain platforms.
Stratis’ integration with Microsoft technologies could lead to significant adoption within the vast network of enterprises that rely on Microsoft software.
Problem the coin is solving
Stratis addresses the complexity and technical barriers associated with blockchain application development, particularly for enterprises accustomed to Microsoft development environments. It simplifies the creation, testing, and deployment of blockchain solutions, making it more accessible for organizations to integrate blockchain technology into their operations.
Founder and team background
Stratis was founded by Chris Trew, who has a background in enterprise IT and has worked in various sectors, including legal, aviation, and finance. He is supported by a team with experience in blockchain technology, software development, and business operations.
ICO Price
ICO Price:
$0.0070250 per STRAX.
Listing Date:
The Stratis ICO started on June 21, 2016, and ended on July 26, 2016.
Initial Allocated Units:
98,000,000 STRAX were available during the ICO.
Risks Associated in Investing in the Coin
The niche focus on Microsoft-related technologies may limit the platform’s adoption compared to more general-purpose blockchains.
The success of Stratis is highly dependent on the continuous growth and development of its enterprise solutions.
The cryptocurrency market is highly volatile, and STRAX is subject to this volatility, which can lead to significant price swings.
The need for technical expertise to run masternodes could be a barrier for some investors, potentially affecting network decentralization.
Competition from other blockchain platforms that offer similar services could impact the demand and value of STRAX.
Whitepaper Insights
The Stratis whitepaper provides a comprehensive overview of the Stratis platform, a blockchain development framework designed to meet the needs of real-world financial services and businesses. Authored by Chris Trew, Guy Brandon, and Nicolas Dorier, the document outlines the platform’s key features, architecture, and benefits to developers and enterprises looking to leverage blockchain technology.
Key Features and Architecture
Stratis is built on the NBitcoin library, a complete C# rewrite of Bitcoin’s protocol. This choice allows for a robust and flexible development environment, particularly beneficial for developers familiar with C# and the .NET framework. The platform’s architecture is designed to easily support the development, testing, and deployment of blockchain applications, significantly simplifying the blockchain development process.
One of the platform’s standout features is the implementation of private chains. These allow businesses to deploy their customized blockchains without the overheads associated with running their network infrastructure. This capability is crucial for enterprises seeking the benefits of blockchain technology without the complexity and cost of developing and maintaining a blockchain from scratch.
Stratis also introduces a blockchain-as-a-service (BaaS) model akin to cloud computing’s SaaS, PaaS, and IaaS models. This approach enables organizations to utilize blockchain technology as a service, further reducing the barriers to entry for blockchain adoption in the business world.
Upgrades and Innovations
The whitepaper details plans to upgrade the Stratis codebase to .NET Core, enhancing the platform’s compatibility and performance across a broader range of devices. Additionally, the document discusses the architecture of the Stratis Bitcoin Full Node, highlighting its layered structure comprising the Network Layer, Consensus Layer, and Node Policy Layer. This structure ensures a scalable and secure foundation for the development of blockchain applications.
Benefits and Advantages
Stratis offers several advantages for developers and businesses, including:
Ease of Use
: By allowing development in C# and utilizing the .NET framework, Stratis makes blockchain technology accessible to a vast pool of developers.
Customization
: Private chains enable businesses to tailor blockchain solutions to their specific needs.
Reduced Overheads
: The BaaS model and turnkey solutions provided by Stratis eliminate much of the complexity and cost associated with blockchain development and deployment.
Security and Privacy
: Building upon Bitcoin’s secure architecture, Stratis ensures the immutability and reliability of transactions. Additionally, features like sidechains enhance privacy by segregating specific transactions and data.
Conclusion
The Stratis whitepaper presents a compelling case for the platform as a powerful and flexible solution for blockchain development, particularly suited to the needs of financial services and businesses. By simplifying the development process and offering a range of customizable and scalable solutions, Stratis aims to accelerate the adoption of blockchain technology across various industries.
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What is the price of Stratis (STRAX)?
The current price of Stratis (STRAX) in INR is ₹7.05 INR.
What is the current STRAX market cap?
The current market capitalization of Stratis (STRAX) is ₹0.00 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of STRAX by the number of coins in circulation.
What is the current supply of Stratis (STRAX)?
The current supply of Stratis (STRAX) is 0 STRAX. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Stratis (STRAX)?
The 24-hour trading volume of Stratis (STRAX) in INR is ₹4,86,17,741.92. This figure represents the total value of all STRAX transactions across various exchanges within the last 24 hours.
How to Buy Stratis (STRAX) in India?
To buy Stratis (STRAX) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in STRAX.
Can I buy Stratis (STRAX) with UPI?
Yes, you can buy Stratis (STRAX) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Stratis (STRAX) to Indian Rupee (INR)?
To convert Stratis (STRAX) to Indian Rupee (INR), you can use our STRAX/INR conversion rates in real time.