Stratis, an enterprise grade layer-1 blockchain platform, will make an announcement today, November 24, regarding their planned launch of an Ethereum-based StratisEVM and token swap from STRAX to STRAT. Launched in 2016, Stratis offers a blockchain platform for businesses and organisations to test and deploy private blockchains. To address issues with interoperability and tool availability, Strat uses a web3-ready blockchain platform on Ethereum powered by $STRAT as the base token of a proof-of-stake (PoS) ecosystem. This will come in the form of a stock split at a ratio of 1:10 - 1 STRAX for 10 STRAT. At this time, a percentage of every block reward will go to the platform’s masternode operator reward pool. This is a positive move for the Stratis platform as the blockchain space grows ever increasingly competitive.
Daniel Jones
- 2023-11-24
Stratis to Launch Ethereum-Based StratisEVM and STRAX to STRAT Token Swap
![CandleFocus Stratis-Ethereum-Blockchain-Platform-STRAX-STRAT](https://images.candlefocus.com/Stratis-to-Launch-Ethereum-Based-StratisEVM-and-STRAX-to-STRAT-Token-Swap.jpg)