|Circulating Supply||99,182,179 STRAT|
|Max Supply||0 STRAT|
As a blockchain-as-a-service (BaaS) platform, Stratis has the sole aim of making the process of using blockchain technologies that much easier for corporations in the financial sector. The platform will allow corporations to develop their own blockchain applications far easier than they would be able to by using any other platform.
Stratis has been built on top of Bitcoin blockchain technology and will also combine additional advantageous features from other blockchains such as Ethereum and Waves. The founders of Stratis are Chris Trew, Nicolas Dorier, Dan Gershony, Jeremy Bokobza and Pieterjan Vanhoof who initially launched Stratis as a token back in July 2016.
What is The Stratis Coin (STRAT)?
STRAT or the Stratis coin is the native currency of Stratis and in its first year alone it grew in value to be worth more than 500 times what it was worth at launch. There is a fixed amount of these coins in circulation, 98,755,634 of them to be exact with the development team owning around 15% of them.
With a market cap of over $700 million and an average daily trading volume of around $7.5 million, this currency has come a very long way in a very short space of time.
Whats Special About Stratis (STRAT)
Stratis is a concept that we and many others feel is very unique and one that has a lot of potential:
- Supports Dapps – Where Stratis stands out is through the functionality and ease of use that their platform delivers for developers that want to build applications on the blockchain. Dapps being integrated is great but there is also the ability to use the C# language.
- Faster Transactions Compared to Ethereum – Although both Stratis and Ethereum make use of smart contracts, Stratis is able to produce faster transaction times due to using a sidechain. This allows the main blockchain to stay unclogged and therefore more efficient.
- Strong Marketing Potential – Stratis is already a technology that is appealing to some major companies with even Microsoft said to be backers. This is due to the strong marketing that this technology has.
Other advantages are that the team of developers behind Stratis are always transparent and release frequent updates about their platform and the fact that they have a very clear roadmap that anybody can access.
Where to Buy Stratis (STRAT)
Even thought Stratis is nowhere near as popular as some of the major cryptocurrencies out there right now, there will still be plenty of cryptocurrency exchanges that you can use to trade the cryptocurrency.
Here are five that we have already found:
If you already own some cryptocurrencies and want a place where you can trade anonymously, Binance is probably one of your better options. You cannot use fiat currencies here but that is what many people like about the exchange.
Cryptopia is another good option and also offers good anonymity by not accepting fiat currencies as a way of purchasing cryptocurrencies. This, of course, does mean that you will have to already own some if you want to trade on the exchange.
If you really do need to purchase cryptocurrencies with fiat currencies such as the USD or EUR, Changelly would be a good choice for cryptocurrency exchange. It supports dozens of cryptocurrencies and allows the use of credit card.
Poloniex is also a good consideration to have as it allows crypto-to-crypto trading of a wide range of currencies, coins, tokens and ICOs. No fiat currencies are accepted here but this will suit those of you that are looking for anonymous trading.
If you want to be able to use fiat currencies when trading for your cryptocurrencies, HitBTC would be a good choice of exchange. You can use USD, GBP and EUR to deposit and withdraw and can trade with a large array of cryptocurrencies too.
If you do not fancy any of those cryptocurrency exchanges for whatever reason, you will still find a number of others out there that you will be able to use when trading STRAT.
Investing in Stratis (STRAT)
Stratis is one of those cryptocurrencies that should be seen more as a long-term investment. It is not just a currency, after all, it is a product, a service if you will that will enable corporations and companies to make use of blockchain technologies in a far easier manner. If blockchain technology is eventually embraced on a much wider-scale, Stratis could find themselves sitting at the top of a very healthy tree.
For that reason, if you are looking for a cryptocurrency to work your magic on at the exchanges, this might not be the one. This is the type that you should purchase and hold if you believe that what they are developing will one day become a much-used technology.
Do I Need a Stratis Wallet?
If you do not own many cryptocurrencies or are just a casual trader, you might not need to worry too much about finding wallets for them as you can just leave them on the exchanges you use. However, you should be aware that these exchanges are susceptible to being hacked with there being a number of high profiles cases of this happening a lot in the past.
If you are a serious cryptocurrency trader or somebody that has a lot of cryptocurrencies that they are holding onto, the best form of storage would be to use a hard wallet. With this type of storage, you can almost physically hold your cryptocurrencies in your hand as they will be stored on a USB storage device.
This device will hold all of your private and public keys and it will allow you to keep your cryptocurrencies well away from the internet. The only way your currencies could be stolen would be physically rather than through hacking.
- Ledger Nano S
The Ledger Nano S is the only hard wallet that supports the storage of Strat but as it is widely regarded as the best wallet around, this is not such a bad thing. This wallet will let you store a wide selection of cryptocurrencies as well as Strat too.
As for software-based wallets such as online wallets, downloadable client-based wallets and mobile apps, these will also be a good choice although not as good as hard wallets. We feel that client-based wallets are the better software wallets around and the only one that accepts Stra is that of Coinomi.
Coinomi is an app for both Android and iOS that can store a very large selection of different cryptocurrencies. This wallet also contains a number of exchanges from within it that you can use to trade your cryptocurrencies with.
That is about it for wallets that can store Stratis but we are sure that as the cryptocurrency develops and becomes even more popular, other wallets will have to think about supporting it.
Pros & Cons
Now that you have learned a bit more about Stratis and what it hopes to achieve, you might be considering purchasing some at the cryptocurrency exchanges. Of course, you should do a bit of research first just so that you know even more about what they are developing but there is a very good reason why this currency has soared in value since it was first released.
Check out a few pros and cons of Stratis:
- Unique concept
- Strong marketing value
- Fast transactions
- Lack of supported wallets