Stratis (STRAX) is a blockchain-as-a-service (BaaS) platform designed to provide several products and services to enterprises, such as launching private sidechains, running full nodes, developing and deploying smart contracts, an initial coin offering (ICO) platform, and a proof-of-identity application. It also provides cryptocurrency wallets and blockchain consulting services.

The Stratis platform is a highly decentralized blockchain development environment designed specifically for Microsoft developers to create blockchain solutions using familiar languages. It offers a rich ecosystem with tools and Software Development Kits, enabling developers to build projects confidently and reliably on a mature framework.

As a decentralized, highly secure, and energy-efficient platform, Stratis is the perfect choice for deploying your blockchain project. Drawing its architectural foundation from the highly secure Bitcoin blockchain, Stratis incorporates a Proof-of-Stake implementation that results in a low carbon footprint due to energy-efficient block production.

STRAX is the native cryptocurrency that fuels the Stratis blockchain, used to purchase and operate certain services on the platform. STRAX holders can also use their tokens to receive tokens on sidechains and use them to execute smart contracts. It is also used to meet the needs of C# and .NET programmers as they build and migrate applications to the blockchain.

Stratis is a blockchain development platform that provides solutions for enterprise businesses to create applications on specific, private blockchains. The Stratis API framework enables organizations to speed up blockchain creation and development.

Stratis primarily focuses on financial institutions and provides the benefits of digital technology to organizations active in the financial sector. It is implemented as a BaaS platform, meaning that the blockchains running on the network are accessible through the cloud.

The StratisPlatform allows corporations to create custom dApps without needing a complete full node to access their specific blockchain. In this manner, it helps free up organizational resources, helping them realize higher efficiencies through digital transformation.

For developers, Stratis offers a comprehensive ecosystem equipped with tools and Software Development Kits (SDKs), empowering developers to confidently and reliably construct projects on a robust framework. It provides developers with an extensive toolset that simplifies the learning process for new developers exploring blockchain concepts, complete with code examples and reference implementations.

Stratis Group Ltd., the company behind the Stratis platform, was founded in 2016 by Chris Trew. The Stratis blockchain was launched two months later, in August.

In March 2019, Stratis introduced its vision to develop blockchain technology for enterprises. Key areas focused on in Stratiss development roadmap through 2019 include adding support for Java and JavaScript, Breeze Privacy Protocol for STRAT token, introducing PoS sidechains and sidechain masternodes, launching the Stratis STO platform, mobile wallet, payment gateway, and Unity SDK integration.

In November 2020, Stratis deployed a new blockchain that uses STRAX instead of its previous STRAT token. In the same month, the platform released a blockchain-agnostic and open-source protocol for communication between public and private blockchain networks called InterFlux.

According to the projects roadmap for 2020-21, key milestones included Ethereum interoperability, STO and digital asset platform, IoT development kit, Unity development kit, DeFi software library, and an upgrade to its PoS consensus mechanism. Other developments included a Python development kit, mobile support for the DEX, mobile wallet token support, Stratis system contracts, Stratis DAO, and oracles.

Stratis launched the wrapped STRAX token wSTRAX in March 2021, an ERC-20 token supported on the Ethereum blockchain. The network launched its Genesis NFT collection in November 2021.

InterFlux v2 was launched in March 2022, and the blockchain funded the Ugandan Innovation Center in May. In October 2022, Stratis became an open banking technical service provider. In February 2023, the network launched a next-gen NFT ticketing platform within its ecosystem, Ticketsphere.

Investing in Stratis could be a worthwhile addition to your cryptocurrency portfolio, particularly if you are interested in projects with potential for mainstream adoption. As a provider of an enterprise-ready blockchain solution, the value of Stratis may increase as more organizations consider adopting this technology.

The growing interest in deploying blockchain-based applications among enterprises could drive higher demand for the Stratis Platform, which may result in a positive trend in the STRAX token price. Additionally, a more favorable outlook towards web3 adoption among mainstream organizations could further contribute to an upward trend in the STRAX token price.

The price of STRAX may also benefit from a positive overall market sentiment towards cryptocurrencies. When the market sentiment turns bullish, the STRAX price could experience growth. Furthermore, the price of STRAX may also be influenced by the on-chain activity and future developments of the Stratis ecosystem.

Providing an accurate STRAX price prediction is challenging, but there are several factors that may impact the price fluctuations of the Stratis token:

Mainstream Adoption of Blockchain Technology and Web3

The increasing adoption of Web3-oriented technologies and solutions in the broader market may drive demand for blockchains like Stratis. The scalable framework of the Stratis platform is well-suited for implementing real-world decentralized applications.

On-chain Activity

The expansion of the Stratis ecosystem may attract more end users and developers to the blockchain, leading to increased on-chain activity and potentially raising the value of the Stratis cryptocurrency.

Future Developments

Announcements of new partnerships, integrations, and investments by Stratis can generate interest among crypto traders, which may drive an upward trend in the STRAX to USD price.

Market Sentiment

Market sentiment plays a crucial role in determining price movements in cryptocurrencies. A positive or bullish sentiment can enhance investor confidence and stimulate buying activity, potentially resulting in growth in the $STRAX price. Conversely, a bearish sentiment could lead to sell-offs and negatively impact the live price of Stratis crypto.

STRAX is the native token of the Stratis platform and serves the following purposes:

Native Currency

STRAX is used to fuel the Stratis blockchain and enables the purchase and access of services offered on the network. It is also required for executing smart contracts, paying for sidechains, and more.

Staking

Token holders can stake STRAX as collateral to operate a Masternode on the PoS Stratis network. Each Masternode provides a specific service on the versatile blockchain.

Crypto Asset to Trade and HODL

Trade Stratis against various digital assets to capitalize on market conditions. You can buy or sell STRAX in exchange for other cryptocurrencies on the BYDFi spot market or hold it for long-term prospects of the Stratis project.

As a PoS network, Stratis allows you to stake STRAX tokens to participate in validating transactions and producing new blocks for its blockchain. Here's how to stake STRAX on the Stratis blockchain:

1. Create a new account on the STRAX Wallet, the official crypto wallet of the Stratis Platform, if you are a new user.

2. Fund your STRAX Wallet by purchasing Stratis crypto on BYDFi or other supported platforms and withdrawing your tokens to your wallet.

3. Visit the Cold-Staking section of the STRAX Wallet and set up your wallet using the Hot wallet functionality feature.

4. Use your hot staking wallet address to set up cold staking of STRAX tokens.

5. Click 'Start Staking' in your STRAX Wallet interface, enter the number of tokens you want to stake, and confirm the transaction.

6. Sit back, earn rewards, and grow your portfolio by staking STRAX on the Stratis blockchain.

Stratis has established partnerships with several leading cryptocurrency exchanges, including BYDFi. Some of its Service Partners include Alphabit, CMS, GS1 UK, Microsoft, Triad, bitvavo, Uniswap, and LiteBit.