Cryptocurrency may be defined as that form of currency that has the nature to be of digital space and has some cryptic algorithm associated with it. Moreover, just like a traditional currency it also has some economic value associated with it making it valuable. Cryptocurrency looks like a word but inside it is more than just a word.
A complete infrastructure stays hidden behind its name. Within a short span of less than a decade, it has managed to gain a specific position in the market. The way of investment and trading has changed after its introduction.
Before the advent of these, the methods of investments were limited and only a few people were associated with them. After its introduction with the increase in the circulation of smartphones and the internet, the association of people with this currency has also increased. At present, many cryptocurrencies are stacked on the digital platform and STRAT that Stratis is one among them. In this article, we are going to study different aspects of STRAT in this modern digital world. Check the difference between stablecoins and bitcoin mark.
Stratis Cryptocurrency
Just like other cryptocurrencies that work on blockchain technology and has a digital platform, Stratis is another member of it. It is an important cryptocurrency as far as various corporations and institutions are involved. It helps in the development of C# applications on the NET framework. It also helps new industries to quickly adopt blockchain-backed services easily and at a fast rate, thus saving their time. Stratis aims at becoming a one-point option for all blockchain-based things and thus a BAAS that is a blockchain as a service platform. Also, the algorithm associated with it is the core of blockchain-based Bitcoin and its code is written in C# indifferent to C++ for other cryptocurrencies.
How to buy Stratis
Directly buying Stratis is a bit difficult but one can easily convert one cryptocurrency to Stratis. The procedure includes the existence of a Stratis address where the STRAT tokens are posted after the generation and the availability of some other cryptocurrency that is to be exchanged for the value. Binance and Livecoin are the best options for the exchange of other cryptocurrencies like bitcoin, ethereum, etc. to be exchanged to startis. There is a range of wallet options that can be used to store the tokens safely. Ledger Nano S, StratisX wallet, and Stratis Electrum Wallet are some of the famous wallets that can be used to store the exchanged tokens safely and securely. Stratis finds a remarkable place in the field of medical research, and other things related to the internet, product verification, and identity security.
Stratis token
Stratis token is represented by STRAT and the platform is run through it. In the year 2016, an IPO was offered that aimed at developing and further popularising the Stratis platform. The IPO was successful and managed to raise funding equal to around 900 bitcoins whose worth at that time was around $700K. After the IPO was completed around 98 million STRAT tokens were distributed among the investors. Stratis showed a remarkable rise in August 2016 when its price rose from $0.023 to $0.32. It was a remarkable event and changed the fate of Stratis forever.
Supply of Stratis
As around 98 million Stratis tokens were distributed after the IPO ended, the total supply of Stratis will be 98 million in total. This will be the total amount of STRAT that will be available forever. The total market cap for Stratis will be 99,545,740 STRAT with a unit price of $0.32 which adds up to a total of around $32 million.