What Is Stratis Cryptocurrency?

By Sumedha Bose

The year 2018 has been an important and turbulent year for cryptocurrencies.

Having started the year on a high and then ending up at the bottom, the market has been brutal.

Along with Bitcoin, even the Best Altcoins of 2018 experienced their fortunes flunk in the market.

Thisyear has seen Stratis cryptocurrency hog some of the spotlight. But have you heard of it before?

If you haven’t, we have got you covered.

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Stratis: The Technology

Stratis is a briiliant new technology that aims to be the one stop solution to everything blockchain.

It is a blockchain-as-a-service platform that various companies can make use of to implement blockchain technology as use cases.

The code it runs on is essentially Bitcoin’s core code, the only difference being that it has some advanced features and is written in C# language as opposed to C++.

It essentially “simplifies the development, testing, and deployment of C# applications on the dot NET framework.”

Now that we have a fair idea about the Stratis technology, let’s dig deeper into what the Stratis cryptocurrency is.

You May Also Read: Will Cryptocurrencies Replace Fiat Money?

Stratis: The Cryptocurrency

Back in July 2016, the Stratis platform held an Initial Coin Offering, to raise funds for the development of the platform.

This ICO saw the birth of STRAT, the native token of the Stratis network, which runs exclusively on the Stratis platform.

A whooping 84 Million Stratis tokens were sold to ICO investors, which raised around $675K for the Stratis platform.

Post the ICO, more tokens were distributed amongst the Stratis team, Advisors and Partners and Bounties & Marketing Campaigns.

This brought the total up to 98 million STRAT tokens, which was the final amount of tokens distributed after the ICO.

The price and popularity of the STRAT token has only gone up, ever since its inception. Its current market cap is $116,273,327 USD.

The circulating supply of the cryptocurrency is 99,149,237.

The team behind the STRAT cryptocurrency is pretty solid. The CEO and the founder of Stratis is Chris Trew who is a consultant, architect, and technologist with over ten years of experience in enterprise IT.

The cryptocurrency has already been listed on some major exchanges like Binance, Bittrex, Livecoin and Cryptopia.

Currently trading at $1.17 USD, the STRAT cryptocurrency is expected to pick up pace in the coming year, but it all depends on how the market performs in the days to come.

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