Crypto wallet and trading platform Abra recently enabled access to 17 Altcoins.Abra which is led by Bill Barhydt added native support to 17 altcoins including Digibyte (DGB), Dogecoin (DOGE), Dash (DASH), Basic Attention Token (BAT), Neo (NEO), 0x (ZEX), OmiseGo (OMG), Qtum (QTUM), Vertcoin (VTC), Zcash (ZEC), Golem (GNT), Stratis (STRAT), Augur (REP), Ethereum Classic (ETC), TRON (TRX), Lisk (LSK) and Status (SNT).
In addition to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) users will soon be able to deposit and withdraw an additional 17 Crypto assets.
Native withdrawals for the other cryptocurrencies will be turned on in the coming days.
— Abra (@AbraGlobal) May 8, 2019
Abra is a non-custodial wallet meaning the private keys will not be held by the company but within the user’s device instead. The firm has also previously announced that it will enable users to buy synthetic equivalents of stocks and ETFs using Bitcoin smart contracts.
Abra Partners with Plaid to connect to “Thousands of banks”Abra has partnered with San Francisco based Fintech firm Plaid to connect user accounts to thousands of US banks. App users had to use bank transfers to deposit into their wallets, but with the new feature, they will able to connect to their bank accounts directly in-app using their API.
Bill Barhydt, CEO of Abra said:
“The addition of these new liquidity enhancements in our app gives users more ways to move between crypto and fiat. We’re particularly excited about our partnership with Plaid, which brings thousands of additional financial institutions into the Abra ecosystem for US customers.”
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Shrikar Parashar Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.
This week, NEO joined Microsoft’s .NET Foundation, serving as a major asset to Microsoft’s blockchain efforts.
Mainline Blockchain Efforts From Microsoft Following the integration, NEO will be able to introduce a new set of tools for Microsoft Visual Studio, making it easier for mainstream developers to create NEO dApps. This news comes just months after NEO expressed interest in the .NET stack.
This isn’t Microsoft’s first time using blockchain. Over the past few years, Microsoft has allowed enterprises to make use of various blockchains through its Azure services. Azure provides access to popular chains like Ethereum, Quorum, and Corda, as well as obscure blockchains like SIMBA Chain, Rootstock, Stratis, and more.
Microsoft’s most frequent collaborator, though, is JPMorgan. This year, Microsoft introduced Quorum as Azure’s first fully-managed blockchain, offering a more simplified blockchain experience. Microsoft also uses Quorum in-house to manage XBOX royalties. A strategic partnership is ongoing, so there may be more to come.
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Microsoft’s blockchain efforts don’t stop there: the company is also a member of several blockchain groups, such as the Hyperledger Foundation, the Enterprise Ethereum Alliance, and the Token Taxonomy Initiative. Microsoft hasn’t produced much in the way of products with these groups; rather, it is contributing to standards.
The company has also developed ION, a Bitcoin-based decentralized identity system, covering the costs of the project through its Identity Division.
Funding, Acceptance, and Other Efforts Microsoft is also pouring funding into blockchain projects. Notably, it has contributed funds to events like the Ethereal Virtual Hackathon, which took place in April.
Meanwhile, Microsoft Research’s blockchain division has contributed to a handful of research papers over the years. Microsoft Research was responsible for Microsoft’s first foray into blockchain: in 2012, the group published “On Blockchain and Red Balloons” with Cornell University, describing a Bitcoin information propagation system.
Finally, casual crypto users might be interested to know that Microsoft accepts Bitcoin in its stores. You can deposit Bitcoin into your account and receive credit in return.
Are Microsoft’s Blockchain Efforts Overrated? Blockchain endeavors are sometimes exaggerated in the media, and Microsoft is no exception. In 2017, a Microsoft representative mentioned a partnership with IOTA before both companies denied it. Although Microsoft was indeed participating in IOTA’s IoT marketplace, there was no formal partnership.
Likewise, Microsoft may never live down Bill Gates’ attacks on Bitcoin: he has called it a “greater fool” investment. Gates is now only minimally involved in Microsoft, and current reps have made more positive comments. Some have even said that blockchain is “at a tipping point.”
Despite a few disappointments, Microsoft’s blockchain efforts make it one of the most pro-blockchain companies. Ultimately, the company must change with the times: other tech giants like IBM and Amazon have made their own blockchain breakthroughs, while Microsoft is just getting started.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
Crypto exchange giant Binance today announced the launch of its staking platform. Binance will issue monthly rewards and distributions to those holding certain tokens on its platform.
Customers will receive rewards for staking tokens for the following projects: NEO, Ontology (ONT), VeChain (VTHO), Stellar (XLM), Komodo (KMD), Algorand (ALGO), Qtum (QTUM), and Stratis (STRAT).
Staking rewards are essentially just rewards for HODLing your crypto in a Binance wallet. Crypto rewards will take the form of, er, more crypto—a little like interest in a bank account. This gives Binancians an incentive to hold their funds in Binance.
For staking, there will be no minimum staking amounts or time lengths, and users won’t have to set up any nodes. Come October 1, Binance will take a snapshot of the network every hour to calculate a snapshot of each day.
There are, however, “holding” amounts. To start receiving staking rewards on Algorand, for instance, you’d need to hold 2 ALGO. Luckily, the price of the ALGO has tanked, so that’s only around $0.34.
Tezos is notably absent from the launch. Binance’s CEO Changpeng Zhao hinted that users could earn rewards for staking Tezos earlier this week. A user asked CZ if Binance would offer staking rewards for Tezos, and the cryptic crypto CEO replied with a single laughing emoji.
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The value of the cryptocurrency Tezos rose by 26 percent last night, the slow-burning result of Coinbase’s announcement that it would reward customers for "staking" the cryptocurrency on its platform. But what does that actually mean?
In practice, staking allows customers to earn what is essentially interest on any cryptocurrency they hold, rewarding HODLers with a stream of passive income. Coinbase’s estimated annual return for users staking Tezos is 5 percent.
To earn rewards, customers must first stake Tezos for around 35-40 days, after which they will start to be rewarded with interest every three days.
Tezos is a proof-of-stake coin, meaning it has no miners. Instead, those who verify transactions stake coins on the validity of the transaction to help keep things running smoothly. Those who stake the coin have the chance to generate new Tezos, and provide the liquidity that underpins the network. Previously, Tezos users had to set up a “baker”—the proof-of-stake equivalent of a “miner”, to earn rewards. This was a relatively complicated process, requiring specialist knowledge.
On Coinbase, staking rewards are issued automatically, and customers do not have to take any further action to enter into the program. “This makes earning staking rewards much easier,” Nic Carter, a partner at Castle Island Ventures tells Decrypt.
Tezos, which is similar to Ethereum and allows distributed applications to be built on its blockchain, was started in 2014 by Kathleen and Arthur Breitman, a married couple who had significant fintech experience on Wall Street and beyond. The company raised $232 million in a 2017 ICO in Switzerland—which was a record fundraise at the time. In a long feature about the internecine struggles of the young company, "Inside the Crypto World's Biggest Scandal," Wired said that "the name 'tezos' became crypto-world shorthand for ICO avarice."
The company has since recovered from its governance crisis.
Interestingly, though Coinbase announced the Tezos staking program late morning California time, it didn’t start to surge until around 7:30PM PST. Then it took off like a rocket as traders raced to get in on the action. Carter said he couldn’t find any specific reason that the price jumped so dramatically so late in the day.
“Markets aren’t particularly good at incorporating information,” he said. That's particularly true in the crypto market, which Carter says is especially slow to respond to news.
For Coinbase, encouraging staking of Tezos could supply its exchange with a steady stream of the coin, adding liquidity to its exchange. This is helpful for the exchange, which Carter says is transitioning to being the equivalent of a “crypto native bank with a full custody offering.” Carter says the announcement is “a good incentive to have retail owners of Tezos deposit them with Coinbase.”
(We reached out to Coinbase and Tezos to understand more about the deal and will update the article when we have more information.)
Coinbase’s announcement follows rival cryptocurrency exchange Binance, who launched its own staking platform last month. It supported the following eight cryptocurrencies: NEO (NEO/GAS), Ontology (ONT/ONG), Vechain (VET/VTHO), Stellar (XLM), Komodo (KMD), Algorand (ALGO), Qtum (QTUM), & Stratis (STRAT). Stellar staking has finished, but several more pairings have been added: TRON, Elrond, Fetch.ai, and ONE.
Binance’s CEO, Changpeng Zhao has previously hinted at Binance’s future support for Tezos staking.
Of course, though stakers might be consistently rewarded with 5 percent of the coin’s value—the value of the individual coin is still subject to fluctuation. Binance estimates that staking Algorand, for example, will yield over 15 percent, but Algorand is a more volatile cryptocurrency. The Algo, worth $0.26—down from highs of $3.28 in June—has netted investors minus 92 percent in returns.
And, as Carter tells Decrypt, staking comes with risks: staking funds on Coinbase requires customers to keep funds on Coinbase. If the exchange—or the customer—gets hacked, then they could lose their Tezos.
Additionally, Carter says that staking on large exchanges means that “Coinbase and other exchanges will come to own a huge fraction of supply for these staked coins.” This, says Carter, is a potential risk: “the security model ultimately could degenerate into a few large custodial institutions signing blocks.”
Crypto analyst Eric Wall echoed Carter's caution: “I'd keep a worried eye on this. It's about time Proof-of-Stake really gets battle-tested in the context of a fully matured industry. We’ll soon see which tools and services become popular—then we can work out which threats are the most concerning, the same way we've done for Proof-of-Work.”
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Enterprise blockchain technology platform Stratis has announced the launch of its new Security Token Offering (STO) platform.
The product will allow businesses to raise capital by issuing legally permissible, asset-backed securities on its native blockchain.
Stratis has been engaging with the US Securities and Exchange Commission (SEC) to ensure it is compliant with SEC regulations, and the platform has been fine-tuned through “regular dialogue” with the firm’s clients.
The STO platform conforms with both Know-Your-Customer (KYC) and Anti-Money Laundering (AML) laws and has been subject to rigorous testing to make sure it follows the legal requirements for hosting a Security Token Offering.
New beginnings Stratis’ new platform is an adaptation of its existing Initial Coin Offering (ICO) platform and includes extra legal features to ensure it is suitable for security token issuance.
It will enable companies and organisations to run a secure and flexible web-based application on the Stratis blockchain to issue tokens to investors.
One key feature the platform boasts is real-time pricing, with the ability to accept payments in both fiat (USD) and cryptocurrency (BTC and STRAT).
It utilises currency data from multiple providers such as CoinMarketCap and CoinGecko to ensure its participants benefit from up-to-date prices.
“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap,” said Chris Trew, Stratis CEO.
“The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs.
“Our STO platform is highly secure, flexible, and scalable, making it easy for businesses of any size to raise money through the tokenisation of their asset.”
Interested in reading more cryptocurrency-related news? Discover more about the trader who lost $26 million in one week after Bitcoin slumped to $6,500.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.
Stratis, a blockchain infrastructure platform, has announced the successful launch of its new Layer-1 blockchain based on the Ethereum codebase. The new blockchain aims to provide a secure and scalable environment for Decentralized Finance (DeFi) and gaming applications.
TLDR Stratis launches new Layer-1 blockchain based on Ethereum codebase Integration of zkSync Layer-2 scaling solution for high transaction throughput and low costs Designed to support DeFi and gaming use cases with high security and scalability Immediate staking available, with plans for liquid staking in the near future $1M incentive program available for developers and users One of the key features of the new Stratis blockchain is the integration of zkSync, a Layer-2 scaling solution. zkSync is designed to significantly increase transaction throughput and reduce transaction costs without compromising security. This is particularly important for gaming developers, as it ensures that gamers can experience nearly instant in-game transactions, resulting in a smoother and more enjoyable gaming experience.
The launch of the new mainnet also brings immediate benefits to Stratis users, who can now participate in staking. The platform plans to introduce liquid staking in the near future, which involves minting a new token that represents a claim on the underlying staked asset. Liquid staking has gained popularity among DeFi users as a way to maximize yield from a set amount of capital.
The Stratis EVM mainnet is live
Staking and Masternode DeFi Protocols are live https://t.co/MEHmfc3TYj pic.twitter.com/cdMSAhSyWh
— Stratisplatform (@stratisplatform) March 21, 2024
To further enhance the DeFi ecosystem, Stratis is working on establishing bridges that allow seamless exchange of crypto assets between the Stratis mainnet and other prominent blockchains. The team is also exploring potential lending and borrowing use cases and building integrations with major Decentralized Exchanges (DEXs) that serve the Ethereum ecosystem.
Chris Trew, Co-Founder and CEO of Stratis, expressed his enthusiasm for the launch, stating, “I’m pleased that all projects on Stratis will be transitioning over to the new chain, and we can’t wait to build out more DeFi options over the coming months.”
To support the launch of the new mainnet, the Stratis Foundation has allocated approximately $1 million for developer and user incentives. These incentives are available for dApp developers who leverage zkSync’s scaling capabilities to build DeFi and gaming applications. Users who engage in activities such as staking, liquidity provision, and bridging will also be eligible for the incentive program.
The launch of the new Stratis Layer-1 blockchain marks a significant milestone in the platform’s mission to develop highly usable blockchain infrastructure.
With the integration of zkSync and the focus on DeFi and gaming use cases, Stratis aims to provide a secure, scalable, and user-friendly environment for developers and users alike.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
A new development occurred today in the world of cryptocurrency. Accordingly, the cryptocurrency exchange Binance made an announcement regarding an altcoin. According to the announcement, Binance has completed the Stratis (STRAX) token swap and revaluation. Let’s look at the details.
Binance Announces Stratis (STRAX) UpdateBinance announced that it has completed the Stratis (STRAX) token swap and revaluation. Deposits and withdrawals for the new STRAX tokens are now open.
The exchange provided information about the current services for the new Stratis (STRAX). Accordingly, spot trading for the pairs STRAX/BTC, STRAX/USDT, and STRAX/TRY started today at 11:00 AM Turkey time. Additionally, STRAX was added to Binance Simple Earn at the same time. Users can now subscribe to STRAX Flexible Products.
Changes in Token QuantitiesBinance will also add STRAX as a new borrowable asset to Cross and Isolated Margin today at 4:00 PM Turkey time, as well as the STRAX/USDT pair to Cross and Isolated Margin.
Lastly, Binance will add Strax as a new borrowable asset to Binance Loans (Flexible Rate) on March 29, 2024, at 11:00 AM Turkey time.
The distribution was carried out at a ratio of 1 old STRAX = 10 new STRAX. Accordingly, Binance will no longer support the deposit and withdrawal of old STRAX tokens. Following the development, the price of Strax is at $0.16.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
In a significant gust of developments within the cryptocurrency realm, the blockchain-developing platform Stratis recently secured a VASP license in Spain, advancing further with its cryptographic venture. This move by the blockchain developer underscored the firm’s efforts to comply with global regulatory norms, coming in tandem with the sudden rise in the requirement for seamless regulatory measures across the global crypto realm.
Meanwhile, the platform’s native token, STRAX, noted remarkable gains in the past 24 hours, aligning with the surfacing of the news about Stratis’ VASP license securing. This echoed a sense of frenzy among crypto market traders and investors globally, as STRAX nabbed significant attention with its rally amid today’s market turbulence, followed by another intriguing chronicle.
Bank Of Spain Grants Stratis VASP In a post shared by the blockchain developer on X, Stratis scored a VASP license from the Bank of Spain today, March 28. Although additional details on the securing of the license weren’t disclosed, Stratis now joins the fray alongside leading exchanges such as Binance, Crypto.com, and Coinbase, entering into Spain’s VASP registry with the abovementioned chronicle.
Announcement:
Stratis has obtained a Virtual Asset Services Provider (VASP) registration from the Bank of Spain. Joining top companies like Binance, Crypto. com and Coinbase on Spain’s VASP registry.
More details to follow in the coming days. pic.twitter.com/IxKIQp1yKe
— Stratisplatform (@stratisplatform) March 28, 2024
Meanwhile, CoinGape Media earlier pointed out that STRAX, the developer’s native token, is one of the top altcoins that can potentially blast off in the Bitcoin halving epoch. In addition to the optimism curated by this, today’s surge further fuels bullishness on the token.
Binance Extends Support On the other hand, in another remarkable chronicle surrounding STRAX, Binance, the world’s leading cryptocurrency exchange, completed the Stratis token swap and redenomination. Following this, deposits and withdrawals for the tokens are now live.
Spot trading for the pairs STRAX/BTC, STRAX/USDT, and STRAX/TRY commenced trading today at 08:00 UTC, showcasing Binance’s efforts to extend support for the token. This, coupled with the abovementioned development, collectively attributed to STRAX’s remarkable rally.
In the interim, Binance also revealed plans to add STRAX on Binance Loans starting tomorrow, March 29, at 08:00 UTC, further garnering market optimism on the token.
Also Read: Bitcoin Cash (BCH) Price Surges 17%, Open Interest Hits $500 Million Before Halving
Stratis Price Rallies As of writing, the Stratis token’s price noted a substantial 10.32% surge in the past 24 hours and is currently trading at $0.1612. With a market cap surge of 10.56%, escorted by a 24-hour trading volume rise of a staggering 352.08%, the STRAX token curated a bullish ripple effect across the crypto industry.
The token’s recent securing of a VASP license from the Bank of Spain and Binance’s recommencing of operations orbiting STRAX primarily fueled today’s price rally. This phenomenon piqued the interest of crypto market enthusiasts across the globe.
Also Read: Judge Torres Ruling on XRP Secondary Market Sales Challenged by Ex-SEC Official
Blockchain development platform Stratis has achieved a significant milestone by obtaining a Virtual Asset Service Provider (VASP) license in Spain. This move demonstrates Stratis’s notable progress in complying with global regulatory standards. The platform’s native asset STRAX responded positively to the announcement of Stratis’s VASP license, gaining a considerable increase in value and capturing the attention of crypto traders and investors worldwide.
Stratis’s VASP License Acquisition Is Quite SignificantAccording to news shared on social media platform X by blockchain development platform Stratis, the platform officially entered Spain’s VASP registry on March 28th after obtaining a VASP license from the Bank of Spain. Although specific details regarding the license acquisition have not been disclosed, Stratis now ranks among leading cryptocurrency exchanges like Binance, Crypto.com, and Coinbase in terms of regulatory compliance.
Experts had been pointing out for some time that STRAX had significant growth potential during the Bitcoin block reward halving period. Indeed, expectations for the altcoin have increased even more with today’s price surge, influenced by news of Stratis’s success in meeting legal regulations.
Current data shows that the price of STRAX has risen over 10% in the last 24 hours to $0.1612. A notable increase of 10.56% in market value and a 352.08% increase in trading volume over the last 24 hours indicate growing interest in the altcoin.
Announcement from Binance for the AltcoinAnother significant development for STRAX was the completion of the token swap and revaluation process for Stratis by the world’s largest cryptocurrency exchange Binance. Consequently, deposit and withdrawal services for STRAX have resumed, and spot trading pairs such as STRAX/BTC, STRAX/USDT, and STRAX/TRY are available for trading from today.
Binance’s decision to expand support for the STRAX token is part of the exchange’s commitment to facilitating the trading and accessibility of various cryptocurrencies. Additionally, the announcement that STRAX will be added to Binance Loans starting March 29th supports the market optimism surrounding the altcoin’s potential.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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March 28, 2024
Stratis, a blockchain company specializing in flexible and modular enterprise-grade solutions, has achieved a significant milestone by receiving Virtual Asset Service Provider (VASP) registration from the Banco de España, the central bank of Spain. This registration officially recognizes Stratis as a registered blockchain platform operating in the country.
The announcement, made on March 28, highlights that Stratis’ Layer 1 blockchain platform is now authorized to provide crypto-to-fiat exchange services and crypto custodial services to users within the Spanish market. This achievement follows a rigorous review of Stratis’ compliance policies, ensuring adherence to Spain’s Anti-Money Laundering Directive and other financial regulations.
Stratis Plans Crypto Payment Acceptance for Tourism and Entertainment Sectors in Spain with VASP Registration Announcement:
Stratis has obtained a Virtual Asset Services Provider (VASP) registration from the Bank of Spain. Joining top companies like Binance, Crypto. com and Coinbase on Spain’s VASP registry.
More details to follow in the coming days. pic.twitter.com/IxKIQp1yKe
— Stratisplatform (@stratisplatform) March 28, 2024
By obtaining VASP registration, Stratis demonstrates its commitment to regulatory compliance and positions itself as a trusted provider of blockchain services in Spain. This recognition opens up new opportunities for the company to serve the growing demand for secure and compliant blockchain solutions within the Spanish financial landscape.
Having obtained Virtual Asset Service Provider (VASP) registration from Spain’s central bank, Stratis is poised to expand its offerings in the Spanish market. The company plans to introduce crypto payment acceptance services, mainly targeting Spain’s tourism and entertainment sectors. This initiative aims to enhance the appeal of Spanish nightclubs and leisure venues for crypto-native customers.
As part of the VASP registration process, Stratis engaged with SEPBLAC, Spain’s financial intelligence unit, demonstrating its commitment to anti-money laundering measures.
The Spanish regulatory landscape for the crypto market has proactively protected investors while fostering growth within the sector. Comprehensive guidelines cover registration, issuance, taxation, and licensing, and several companies have secured licenses as part of regulatory compliance efforts.
In 2023, registration compliance significantly increased, with 30 firms obtaining full licenses. This uptick followed the release of guidelines in 2022, reflecting the growing global demand and the industry’s response to regulatory requirements.
Moreover, the registration paves the way for Stratis to explore the issuance of a regulated Euro stablecoin, backed one-to-one with fiat currency. This stablecoin could facilitate faster, more automated, and more cost-effective settlements while aligning with regulatory standards.
Spain’s CNMV Issues Warnings About Unregistered Companies, Including Cryptocurrency Firms Spain’s financial regulator, the National Securities Markets Commission (CNMV), has warned investors regarding 18 companies operating in the country without proper registration.
On February 26, the CNMV published a list of these firms, which includes three cryptocurrency companies: Bitbinx, Crytomerge, and CryptoMaxiTrade. The regulator highlighted the potential risks of dealing with unregistered firms and emphasized that these companies are not authorized to provide investment services or other supervised activities.
This move by the CNMV comes amid global efforts to address cryptocurrency-related losses and regulatory concerns. Events such as the fall of Terra’s stablecoin and the collapse of FTX in November 2022 sparked increased regulatory scrutiny, leading to the development of new registration templates and disclosure requirements.
The Markets in Crypto Assets (MiCA) regulation, hailed as a landmark regulation across the European Union, played a significant role in setting broader regulation and asset issuance rules within member states. Spanish authorities have also taken steps towards adopting the MiCA framework, aiming to prevent investor asset losses and foster global partnerships in the cryptocurrency sector.
Stratis (STRAX) offers a scalable and energy-efficient Blockchain platform for businesses and developers using C# and .NET languages. Founded by Chris Trew in 2016 and operating on a PoS consensus mechanism, Stratis was launched with features such as sidechains and smart contracts. An integral part of the Stratis ecosystem, the STRAX token facilitates transactions and can be staked for network participation. In this article, you can find answers to two frequently asked questions: What is Stratis (STRAX) and how to buy Stratis (STRAX) with TRY.
What is Stratis (STRAX)?Stratis is a decentralized Blockchain platform designed to simplify Blockchain development for businesses and developers. Using familiar programming languages like C# and .NET, Stratis provides a scalable and energy-efficient infrastructure based on Bitcoin’s architecture. The platform uses sidechains to enhance functionality and scalability, offering developers a versatile environment to create Blockchain solutions. Stratis supports various developer tools, SDKs, and APIs, making Blockchain development more accessible and efficient.
Founded by Chris Trew in 2016, Stratis aimed to facilitate the adoption of Blockchain by focusing on user-friendly development. The project conducted an Initial Coin Offering (ICO) in June 2016, raising approximately $600,000 in Bitcoin. Stratis released its first alpha version in August 2016, followed by a beta version in January 2017. By June 2017, Stratis had launched its full platform, including features like smart contracts and sidechains. This progress attracted significant attention from both developers and businesses. The launch of the STRAX token in August 2020 further solidified Stratis’s position in the blockchain sector.
Stratis operates on a Proof of Stake (PoS) consensus mechanism, where the ability to validate transactions and create new blocks is determined by the number of tokens held and staked by participants. This method is energy-efficient compared to the traditional Proof of Work (PoW) consensus mechanism, making Stratis a more environmentally friendly option. PoS also enhances network security by deterring malicious behavior, as participants risk losing their staked tokens if they attempt to validate fraudulent transactions.
Smart contracts on Stratis are developed in C#, allowing developers to create programmable agreements on the Blockchain using their existing skills and tools. These contracts provide transparency, immutability, and automatic execution, increasing efficiency by eliminating intermediaries. The PoS consensus and smart contract features provide a secure, scalable, and flexible environment for decentralized applications (dApps).
Stratis’s infrastructure includes sidechains, which are independent Blockchains connected to the main Stratis Blockchain. Sidechains enhance scalability by offloading transactions and computations, maintaining interoperability while increasing privacy. This architecture allows for increased transaction volume and the ability to keep sensitive data off the main chain.
An integral part of the Stratis ecosystem, the STRAX token facilitates transactions and the execution of smart contracts. It can be staked for network participation and rewards, providing a source of passive income for token holders. Stratis also supports cross-chain interoperability, enabling seamless interaction between the Stratis Blockchain and other platforms.
How to Buy Stratis (STRAX) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Stratis (STRAX). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including STRAX, can be bought and sold. You can follow the steps below to buy Stratis (STRAX) with TRY on Binance TR.
How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through Binance TR’s official website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and that the information in the photo you took is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 via FAST from other banks. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting the bank of your choice. If the bank you prefer does not yet have Binance TR integration, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the page of the bank you prefer to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy STRAX Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to STRAX coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. You can go to the TL to STRAX purchase page by typing “STRAX” in the search section on the right side of this page and clicking on the STRAX/TRY option from the results.
Now the STRAX trading page below will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy STRAX in the first box and the number of STRAX you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy STRAX” button.
What is Binance TR?As the world’s largest cryptocurrency exchange by trading volume, Binance officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, supported by Binance’s core functionalities through Binance TR.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The Evolution of Enterprise BlockchainBlockchain technology has long promised to revolutionize how businesses operate, but technical barriers have limited adoption. Stratis is changing this landscape by offering a Blockchain-as-a-Service (BaaS) platform specifically designed to make blockchain accessible to mainstream businesses and developers. Using familiar C# and .NET Core Framework, Stratis allows organizations to create, test, and deploy blockchain applications without specialized blockchain expertise.
This Microsoft-based approach differentiates Stratis in the blockchain market. By leveraging C#, one of the world's most widely used programming languages, Stratis opens blockchain development to millions of developers already comfortable with Microsoft technologies. The platform supports everything from enterprise solutions and gaming innovations to decentralized finance applications, positioning it as a versatile tool for multiple industries.
Key Focus Areas for StratisStratis targets three strategic sectors where blockchain can deliver significant value:
Enterprises - Providing secure, transparent blockchain solutions for supply chain management, financial operations, and business efficiencyGaming - Supporting play-to-earn (P2E) games with true digital ownership, leveraging AI and Web3 technologiesDeFi - Enabling decentralized finance protocols, payment gateways, and stablecoin solutionsTechnical Architecture Driving Business SolutionsThe StratisEVM mainchain forms the technical foundation of the Stratis ecosystem. This Ethereum-compatible blockchain allows developers to deploy EVM-based smart contracts directly on Stratis while benefiting from improved performance. For businesses, this compatibility means access to the largest smart contract ecosystem without abandoning the security and scalability advantages Stratis offers.
Interoperability remains central to the Stratis design philosophy. The platform supports cross-chain bridges like ChainPort, enabling seamless transfer of assets such as USDT, USDC, and wrapped ETH between blockchains. This connectivity expands the platform's utility beyond its own ecosystem, creating practical solutions for businesses operating across multiple blockchain environments.
Advanced Privacy and Scalability FeaturesPrivacy and scalability concerns often limit enterprise blockchain adoption. Stratis addresses these challenges through Zero Knowledge Proofs (ZKPs), allowing transaction verification without exposing sensitive data. This technology simultaneously improves scalability by reducing on-chain data volume and increases efficiency by lowering transaction costs while maintaining security standards essential for business applications.
Further enhancing scalability, Stratis has developed Verium, a solution based on zkEVM and zkSync technology. This innovation transforms Stratis into an elastic blockchain ecosystem capable of adapting to varying transaction volumes—a critical feature for businesses with fluctuating processing needs. The result is a more efficient system that requires fewer computational resources while handling increased transaction throughput.
STRAX: The Fuel Powering Blockchain InnovationEvery blockchain ecosystem requires a native token, and for Stratis, that's STRAX. This utility token serves as the foundation for all platform operations, from basic transactions to complex smart contract executions. STRAX represents more than just a cryptocurrency; it's the economic mechanism that enables the entire Stratis network to function.
Essential Functions of the STRAX TokenSTRAX performs several critical roles within the Stratis ecosystem:
Transaction Fees - Pays for regular blockchain operations, smart contract execution, and decentralized application deploymentsNetwork Security - Enables staking through pools or masternodes (requiring 1,000,000 STRAX collateral) to secure the network and earn rewardsEcosystem Access - Provides entry to gaming platforms, payment services, and DeFi applications throughout the Stratis environmentBeyond basic utility, STRAX provides access to the growing Stratis application ecosystem. Token holders can participate in gaming platforms like Solplex and Project Atlantis, utilize payment services through Binance Pay integration, and engage with DeFi applications and stablecoin solutions. This multi-functional approach creates practical use cases beyond speculation.
STRAX Market ProfileAccording to data from CoinGecko and CoinMarketCap, STRAX has a circulating supply of 1.95 billion tokens. With a market capitalization of $125 million, the token currently ranks between positions #375-448 in the global cryptocurrency market. The Stratis network produces consistent block rewards of 60 STRAX every 16 seconds, ensuring steady token distribution.
STRAX is available across major cryptocurrency exchanges including Binance, Upbit, Bithumb, Crypto.com, and KuCoin. The widespread exchange presence ensures sufficient trading volume and liquidity for individual users and enterprise clients implementing Stratis blockchain solutions. Rather than focusing on price speculation, STRAX is a utility token designed specifically for powering real-world business applications on the Stratis platform.
Transforming Gaming Through Blockchain TechnologyStratis is revolutionizing the gaming industry by integrating blockchain technology to create immersive, player-owned economies. The platform leverages StratisEVM's Ethereum-compatible infrastructure and the STRAX token to power play-to-earn (P2E) games where players truly own and trade digital assets with real-world value. This approach ensures secure, cross-platform interoperability that traditional gaming platforms cannot match.
Solplex: AI-Enhanced City Building in a Blockchain UniverseSolplex, Stratis's flagship P2E game, represents the future of blockchain gaming. This ambitious project blends city-building and strategic gameplay within a rich sci-fi universe. What makes Solplex particularly innovative is its use of artificial intelligence to generate dynamic assets like terrain, buildings, and characters, creating unique gameplay experiences for each player.
Following its beta launch in Q4 2024, Solplex is currently progressing through its 2025 roadmap. According to the official Solplex roadmap, Q1 2025 featured several major developments including Alliances, Ingame chat, Leaderboards and statistics, Token integration, and Artifacts trading. By Q2 2025, the game will see a full production launch with a new server, iOS and Android support, and additional features like automated trading strategies.
These developments enhance the core value proposition of Solplex, allowing players to:
Earn and trade in-game currency tokens with real-world valueOwn truly unique digital assets secured on the Stratis blockchainParticipate in a player-driven economy where actions have real financial impactThe game enhances player engagement through STRAX-based transactions, allowing seamless movement between in-game achievements and real-world value—a core promise of blockchain gaming that Stratis delivers on.
Solplex game roadmap (official website/blog)New technical features enhance these gaming experiences, including cross-platform asset trading and instant in-game transactions powered by zkSync's Layer-2 scaling technology. These improvements address traditional blockchain gaming limitations around transaction speed and cost, making the experience seamless for players regardless of their technical knowledge.
Financial Infrastructure for the Digital EconomyRecognizing that blockchain adoption requires practical financial tools, Stratis has developed robust solutions that bridge traditional and digital finance. The platform offers various stablecoin options that provide stability without the volatility typically associated with cryptocurrencies, making blockchain transactions more practical for everyday business use.
Bridging Traditional and Digital FinanceFor businesses requiring integration with existing payment systems, the Stratis Money Service launched in February 2025 provides essential functionality. This crypto-to-fiat payment gateway allows businesses to accept cryptocurrency payments while receiving traditional currency, eliminating exchange risk while benefiting from blockchain efficiency. The STRAX token's integration with Binance Pay further expands payment options, enabling contactless transactions, wider merchant adoption, and everyday utility that extends beyond the technical blockchain community.
Enterprise Implementation and Strategic PartnershipsStraxTegic, the enterprise division of Stratis, focuses on blockchain adoption through flexible implementation options that address specific business needs. As their tagline indicates, they're "Empowering businesses with tailored blockchain solutions, strategic advisory, and expert development to drive innovation and achieve success in the Web3 world."
Comprehensive Enterprise ServicesStraxTegic offers a range of specialized services to support businesses adopting blockchain technology:
Strategic Advisory - Expert guidance for blockchain adoption tailored to specific industry needs.NET Core Blockchain Development - Secure solutions focused on the Microsoft technology ecosystemSmart Contract and dApp Solutions - Custom development to drive innovation within organizationsIntegration and Compliance - Seamless implementation that ensures projects meet regulatory standardsThe platform accommodates enterprise requirements through private sidechains that allow organizations to deploy custom blockchain solutions with tailored consensus mechanisms and privacy controls. This approach enables supply chain tracking, product authentication, and fraud reduction while maintaining enterprise-level security and control.
Strategic partnerships validate Stratis's enterprise credibility. Collaborations with major accounting and consulting firms for financial product auditing, partnerships for marketplace development, and numerous enterprise implementation projects demonstrate practical application across different business sectors. These partnerships extend beyond technical development to include business process integration, regulatory compliance, and market adoption strategies essential for blockchain's long-term success in enterprise environments.
Building a Developer and User CommunityTechnology platforms succeed through community adoption, and Stratis has emphasized community building through multiple channels. The platform maintains active engagement on X (formerly Twitter) as @stratisplatform, sharing regular updates, promoting capabilities, and highlighting opportunities for developers and users alike.
Developer support remains central to Stratis's growth strategy. Through comprehensive SDKs and C# development tools, the platform reduces barriers for developers entering the blockchain space. This approach recognizes that developer adoption drives ecosystem growth, with each new application and service increasing platform value for all participants.
Strategic Positioning in the Evolving Blockchain LandscapeStratis offers distinct advantages in an increasingly competitive blockchain market. For businesses, the platform provides a familiar development environment, cloud-based deployment options, and scalable infrastructure that grows with organizational needs. Developers benefit from Microsoft technology integration, Ethereum compatibility, and robust tools that accelerate development cycles. Gaming companies gain access to digital asset frameworks, economic models that reward players, and AI-enhanced experiences that differentiate their offerings.
Competition comes from established providers like IBM Blockchain, enterprise-focused platforms like VeChain, and other smart contract solutions targeting similar markets. Stratis addresses these challenges through the continuous development of its gaming ecosystem, expansion of DeFi offerings, and targeted solutions for enterprise adoption. The platform's unique position, bridging traditional business operations and Web3 innovation, creates opportunities for growth as blockchain adoption accelerates across industries.
The Future of Business BlockchainStratis represents a significant advancement in making blockchain technology practical for everyday business use. By combining developer-friendly tools, a versatile token economy, and focused applications in gaming and finance, the platform addresses real business needs rather than theoretical use cases. This practical approach positions Stratis for sustained growth as blockchain adoption continues across various industries.
The platform's key strength lies in connecting conventional business operations with blockchain capabilities using familiar tools and frameworks. For organizations seeking blockchain benefits without massive disruption to existing systems, Stratis offers a manageable adoption path that leverages existing developer skills and technology investments.
Those looking to explore Stratis can visit the Stratis website at stratisplatform.com, join the growing community through social channels, and utilize extensive development resources. As Web3 technologies mature from speculative investments to practical business tools, Stratis offers a clear pathway for organizations to implement blockchain solutions that deliver measurable business value.
