Stratis Will Execute a Token Swap to StratisEVM in March

Bittime – Blockchain Stratis announced plans to implementa token swapfor StratisEVM in March.Current STRAX token holders tokens at a ratio of 1:10 in this swap process.

Information regarding the token swap was officially announced via the X STRAX account:

"StratisEVM token swap will be implemented next week. STRAX holders will receive new tokens at a ratio of 1:10. Earn rewards via staking and masternode protocols at launch."

Getting to Know Stratis (STRAX)

Stratis (STRAX) is a powerful and flexible blockchain development platform. The platform is specifically designed to meet real-world business and financial services needs. 

Founded by Chris Trew in 2016, Stratis offers a variety of tools for companies and organizations to test and run their own private blockchains within the Stratis ecosystem. 

The main advantage of Stratis is that it allows developers to build applications using the widely understood C# .NET programming language. This is expected to increase adoption and ease of use of the platform.

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The platform's native crypto token, STRAX, is used in the Stratis ecosystem to facilitate various operations and secure the network.

Stratis uses a proof-of-stake (PoS) consensus algorithm. This means STRAX holders can stake their tokens to earn rewards as transaction verifiers. 

Additionally, Stratis has a unique feature called TumbleBit that offers privacy to users by making transactions almost impossible to trace.

In short, Stratis seeks to deliver an easy-to-use platform for developers and businesses looking to build custom blockchain solutions.

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What is StratisEVM and Why Does a Token Swap Occur?

Currently available information is limited, but the announcement of a token swap to StratisEVM indicates the potential for significant migration or development on the Stratis platform. Let's analyze some possibilities:

Migration to Ethereum Virtual Machine (EVM): EVM is a standard used by the Ethereum blockchain that enables compatibility with various applications and smart contracts. 

If Stratis migrates to EVM, StratisEVM users may be able to run decentralized applications (dApps) that already exist in the Ethereum ecosystem. This has the potential to increase the functionality and adoption of the Stratis platform.

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StratisEVM New Platform Launch: StratisEVM could be a new blockchain platform developed by Stratis.

Token swap allows migration of existing STRAX tokens to this new platform. StratisEVM may offer better features and functionality than the current Stratis platform.

To fully understand the reasons behind the token swap and the purpose of StratisEVM, it is recommended to wait for further official information from the Stratis team. They will likely release technical details and the StratisEVM roadmap in the near future.

Also Read How to Buy Crypto:

What Should STRAX Holders Do?

Based on the token swap announcement, STRAX holders will automatically receive new StratisEVM tokens at a ratio of 1:10.

The Stratis team will likely provide more detailed instructions regarding the swap process, including a timeline and compatible wallets for storing new StratisEVM tokens. 

Stay up to date with the latest developments from official Stratis sources to ensure you don't miss important information.

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Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.