InterFlux is an important development for Stratis, bridging the gap between Stratis Blockchain Technologies and other popular Blockchain platforms, such as Ethereum. This functionality was first introduced last year when the wSTRAX (Wrapped STRAX) contract was created on Ethereum, enabling the seamless exchange of STRAX to a ‘wrapped’ ERC20 equivalent; this development enabled STRAX holders to utilize Ethereum-based DeFi protocols, such as UniSwap.
Further development of InterFlux has enabled bi-directional transfers of ERC20 Tokens to SRC20 Tokens. This is crucial in providing a genuine scaling solution for Ethereum and creating a more diverse ecosystem within Stratis through the ability to leverage well-established and liquid tokens, such as USDT and wBTC (Wrapped Bitcoin).
The availability of additional tokens that offer rich liquidity is also a benefit to Opdex, the first platform that delivers decentralized exchange protocols in the Stratis ecosystem. Users of the Opdex protocols will leverage these tokens in liquidity pools, enabling efficient, trustless and decentralized swaps of the Cirrus Token to popular tokens on Ethereum. This provides additional utility for the Cirrus Token and an attractive alternative to popular DeFi protocols such as Uniswap, thanks to the significant reduction in gas costs when transacting on Opdex and within the Stratis ecosystem. Additionally, the Stratis ecosystem is well-known for its high levels of decentralization, paired with a genuinely reduced carbon footprint, thanks to the employment of the energy-efficient Proof-of-Authority consensus algorithm.
A total of six ERC20 Tokens will be supported and available through the InterFlux Bridge; the list of supported tokens will continue to grow through community demand and market sentiment.
Supported Tokens at Launch
If you’re interested in Stratis supporting additional tokens, please head over to our Discord and discuss with the active community which tokens you want to see supported by InterFlux in the future.
The InterFlux Bridge will be updated on Wednesday, 9th March, to support the above tokens. In addition, an updated version of Cirrus Core will be unveiled, offering support for exchanging back to ERC20 for those that wish to do so. It truly is an exciting time at Stratis; with the recent success of the first commissionless NFT Platform and the further development of our interoperability solution, it’s great to see Stratis making significant advancements in the first quarter of 2022.
With over 500 participants and many exciting submissions, the Stratis Build Hackathon has come to a close, and we’re ready to announce our prize winners. This hackathon, the third launched by Stratis, was full of dynamic new talent and creative uses of blockchain technology. Stratis is committed above all to uncovering new ways in which blockchain can streamline and simplify business processes as well as adding value to the broader community.
Just like previous Stratis hackathons, we expect some of our winning entries to progress into fully fledged products and projects in the future. Learn more about the winning innovations below.
Allister Beharry has been awarded first prize for his excellent security-focused Smart Contract tooling. As described by Allister
Silver is a static analyzer and formal verifier for Stratis smart contracts. Silver works both at the source code level and the bytecode level to provide knowledge about smart contract code and potential vulnerabilities and provide logical guarantees about smart contract code behavior before it runs.
Rowan de Haas, Stratis’ lead Smart Contract architect, was particularly impressed with this submission and commented
Silver is a truly impressive hackathon submission. It is a powerful tool that substantially contributes to the Stratis smart contract ecosystem by improving contract safety and developer workflow.
The Group Knowledge Builder demonstrated a great use of Smart Contracts and IPFS to manage the decentralized storage of data; additionally, our judges liked the tokenomics introduced through participation.
DeFi has been a great use case of Blockchain technology. It has driven a growth in cryptocurrency adoption and utilization in recent years, evidenced by hugely popular platforms such as Maker, Curve and Aave, to name a few. RingLetBox, as described by its creator, Mark Erwin Villariña
RingLetBox is aToken Creation, Vesting, and Locking Platform. RingLetBox aims to protects every Cryptocurrency community from rug pulls and traitorous advisors.
It’s great to see submissions relating to DeFi and protecting new users in the space.
Non-Fungible Tokens (NFTs) have become increasingly popular in recent years, with new platforms and marketplaces available on a near-weekly basis. One area of particular interest, both internally at Stratis and within Stratis SDA-backed project, Polycarbon Games, is the use of AR and VR to provide immersive and breathtaking experiences.
Yosun Chang shared this vision and developed a virtual gallery using Stratis’ Unity SDK, enabling users to navigate within a VR World and view NFTs.
Jeffrey Lewis submitted a brilliant NFT Exchange/Swapping solution, enabling NFT holders to safely and securely swap their NFTs for other popular items. The solution enables users to make offers and allows sellers to highlight what items they would want in exchange to optimize the user experience.
The ability to use the blockchain and Smart Contracts for escrow services has driven adoption by providing a sense of security, particularly when trading or exchanging large sums of value. The employment of Smart Contracts on a genuinely decentralized blockchain enables users to trust that funds held within escrow are managed in a safe, secure, and most importantly, decentralized manner.
The Stratis Build Hackathon was launched to give developers the opportunity to create new and inspired solutions on the Stratis Platform. With more and more creators building smart contracts on the Cirrus Sidechain, we look forward to seeing the grand prize winner, Silver, contribute to the well considered development of Stratis smart contracts.
With last month marking the launch of Stratis’ commisionless NFT marketplace, Stratisphere, it was also great to see two of the winning entries focused on delivering new NFT capabilities for the Stratis community, including both a gallery and an NFT swapping solution.
We thank all the participants for taking the time to develop some truly innovative solutions for the Stratis Build Hackathon and, of course, we extend our congratulations to the prize winners!
It’s been a busy start to the year here at Stratis, and we’ve hit the ground running this past month with several project updates and releases for our community to enjoy. This past month brought with it the official launch of our feeless NFT platform, Stratisphere, and we truly look forward to watching users release and trade NFTs across the platform.
Taking off into the Stratisphere was not the only thing on our agenda at Stratis this month, however, and below we will delve into a series of exciting developments that took place over January as well as some hints about what is to come for the Stratis community.
Launching into the Stratisphere
The first month of 2022 marked the launch of Stratisphere, the world’s first feeless NFT platform that promises to revolutionize the process of launching and trading NFTs.
NFTs are a thriving aspect of the blockchain community, harnessed by artists to promote and sell their artwork, crypto users investing in NFTs, and play-to-earn game developers that use NFTs for assets and avatars across various digital landscapes. Stratis is excited to support this community with the release of Stratisphere, which is integrated with the non-custodial Stratisphere Wallet to help users carry out smoother transactions and manage their NFT collections effectively.
You can find follow Stratisphere on Twitter @stratispherenft on Twitter or join our Stratis Community Discord for more news and announcements about the platform’s functions and exciting NFT giveaways available to users.
Stratis Wallet Release on iOS and Android
The Stratis Wallet, a non-custodial wallet through which users can store STRAX and CIRRUS tokens, released in iOS and Android stores this month. With the Stratis wallet, users can send and receive funds as well as update smart contracts on the Cirrus sidechain. We’re thrilled that iOS and Android users around the world can now manage personal and business wallets safely and securely with Stratis.
Stratis InterFlux Update
As outlined in a previous blog post, this past month saw the latest development within Stratis’ InterFlux protocol go live. You can now carry out Token Swaps between Ethereum and the Cirrus blockchain, an update that means that ERC20 tokens can now be integrated into the Stratis Ecosystem. The benefits of this update will have a butterfly effect of sorts across Stratis, optimizing projects such as Opdex by providing access to popular tokens.
Internal testing has begun and will extend to Testnet in the immediate future, so watch this space over in our Discord Server for future updates.
Launch of The Astroverse Club website
The Astroverse Club launched its website earlier this month, on which users can gain a glimpse into the Astroverse Club Pass, Season 1 NFTs, and the 2022 roadmap plotting the way to The Astroverse Club’s goal of building an interactive ecosystem for NFT users.
Capped at just 1500 passes costing just 300CRS, the Club Pass and the NFTs it provides are not only visual assets; they can also be used functionally within upcoming games such as The Astroverse – Space War and Dawn of Ships. You can catch a look at some of the wonderful screenshots from both games as well as further details on upcoming developments within The Astroverse on its Discord Channel.
You can read more on The Astroverse Club Pass here.
Blockcore Releases Closed Alpha
Blockcore has featured in several monthly updates as it develops CoinVault, an easy and accessible non-custodial wallet for STRAX and CRS, and the latest news is that a closed Alpha has been released, much to the excitement of the Stratis community. Functioning similarly to Ethereum’s Metamask, CoinVault enables users to manage their multiple Stratis wallets freely and safely.
Over @Polycarbongame Twitter, users can see My Meta Gallery continue to develop into a platform that is both visual and interactive, with new functionalities enabling users to connect and view each other’s galleries.
You can find out more about developing your own NFT collections and galleries with Polycarbon Games here.
The further development of Stratis’ InterFlux protocol has been quietly simmering, focusing on incorporating Token Swaps between Ethereum and the Cirrus Blockchain, enabling popular ERC20 Tokens to find their way to the Stratis Ecosystem. The added functionality within InterFlux is a critical development for Stratis, further bridging the gap between Stratis Blockchain Technologies and Ethereum.
Active projects, such as Opdex, the first wholly decentralized exchange on Stratis, benefit significantly from this further development. Providing the availability and access to popular and established tokens on Ethereum, such as USDT (Tether), Binance USD, SHIBA INU, Wrapped Bitcoin (wBTC), and many more. Testing has already begun internally, with deployment to Testnet expected to occur in the coming days. A two week testing period will be undertaken on Testnet, with the view to promote to Mainnet after successful test criteria is met.
The further development also lays the foundation for supporting the ERC721 standard. Enabling the transfer of NFTs on Ethereum to Stratis for listing on Stratisphere.com resulting in NFT sales incurring 0% Platform Fees and significantly reduced transactional costs. You should expect to see some high-profile transfers occur once the ERC721 becomes activated in the near future! Stratisphere.com is the worlds first zero-fee decentralized NFT Marketplace, offering ultra-low transactional costs and a great user experience. Hundreds of NFTs have already been sold by various content creators using the platform, some of which are established community members with hidden talents, and some are brand new to our ever-growing community!
As always, development progress and community participation requests can be seen within our Discord Server. Be sure to join to keep track of the progress and get involved with testing the new functionality on our Testnet.
The final month of the year was a busy one for Stratis and the community as we worked to advance several exciting projects, including the launch of a second Stratis R&D center at a leading institution in technology education in India. Stratis’ first Decentralized exchange, Opdex, also released its $ODX governance token.
2021 was very significant for Stratis. We saw new applications being built in areas like DeFi, NFTs and blockchain gaming in particular. The team and community is delivering important infrastructure like the Stratisphere NFT platform and Opdex DEX that are beginning to drive an explosion in new uses cases for Stratis.
In combination with new applications coming online with funding from the Stratis Decentralized Accelerator, we’re confident 2022 will be an even bigger milestone. We wish everyone in our community a Happy New Year!
$ODX token announced
In December, Opdex announced its DeFi token $ODX will be released on Stratis in January. The Opdex governance token is deployed on Stratis’ Cirrus sidechain and can be used for purposes such as liquidity mining and DeFi staking. The $ODX token aims to resolve the issues that arise as a result of low liquidity by ensuring constant liquidity mining of $ODX which is built on an autonomous governance smart contract and voting system.
1 billion tokens will be minted and distributed over approximately the next four years. After this, 25 million new tokens will be minted every year and distributed through liquidity mining.
Watch this space for the release of $ODX in January!
Dawn of Ships update
Just before Christmas, blockchain game ‘Dawn of Ships’ shared a glimpse of the several types of ships that users will be able to command in the game’s final release. Each part of the ship will be customizable, with users able to alter the appearance of their vessel either with the parts earned through playing or with parts traded on the Stratisphere NFT marketplace.
Also in this update came the announcement of the core gameplay loop of Dawn of Ships, which means that users can now see exactly how they’ll be immersed in the pirate’s life through the game. Dawn of Ships begins with a decision between a raid or a fight, and each subsequent decision will result in expended energy and an increase in the ship’s durability.
Looted rum won through raids can be used to re-energize the crew, advance them to new levels of speed and efficiency, or recruit more members to the cause. Gold gained through winning battles can be used for ship repairs, levelling up to stronger vessels, and adding new upgrades and features. Once the rum or gold has been spent, the player can move onto their next target in a quest to dominate the seas.
The countdown to take-off to the Stratisphere is almost over. This month, Stratis announced the official launch date of its NFT platform, Stratisphere. The platform includes a new wallet that makes it simple to mint, store, send and receive NFTs. Users pay absolutely no marketplace fees to trade NFTs on Stratisphere, which we believe to be an industry-first, offering more value to creators and users compared to the 2.5% fees common to today’s dominant NFT platforms.
Daily giveaways, including NFTs like Pudgy Penguins, Lazy Lions, and MekaVerse already have been announced via @StratisphereNFT in the run-up to the launch, so be sure to follow the account to be in with a chance of winning some incredible NFTs.
Stratis Unreal Engine Plugin
The Stratis SDK for Unreal Engine was unveiled in December, continuing Stratis’ push into the red hot blockchain gaming sector. Unreal Engine can be used by creators to develop games for most major platforms, including desktop (Windows, Mac, and Linux), mobile (Android and iOS) and consoles (Xbox and Playstation).
The Stratis Plugin for Unreal Engine integrates the STRAX token into game development and expands the scope of game creation through Stratis Smart Contracts in C#. It has now been released for community testing, and we look forward to user feedback.
In early December, Stratis and C# Corner launched their second R&D centre at ABESIT College of Engineering in Ghaziabad, India. ABESIT is a leading technological institution, and it’s an honour to be contributing to the education of major players in blockchain’s future through the establishment of this centre.
Stratis Build Hackathon
In December, we announced the Stratis Build Hackathon details with $100,000 in combined prizes for developers building gaming, NFT, DeFi or tooling submissions using Stratis. Review details for a chance to win big and maybe even launch a fully-fledged project in the future https://stratis.devpost.com/
Stratis continued its thought-leadership research into Game-Fi and ‘Play-to-earn’ systems
After the success of the first survey Stratis commissioned into NFTs and blockchain, which revealed that 58% of 197 game developers are beginning to use blockchain technology, the second series of findings were released in December. The analysis focused specifically on GameFi, the use of decentralized finance in gaming, and ‘Play-to-earn’, an economic system that applies real-world financial value to games.
This research also reaffirmed that both of these systems are an indubitable part of the future of gaming technology, with 51% of game developers calling the play-to-earn model revolutionary, 47% recognizing potential but saying that it needs development, and just 2% dismissing it as a fad.
It’s been an incredibly busy few months for the SDA, with development progress from several existing SDA projects as well as notable proposals receiving a majority pass vote to receive funding through the decentralized accelerator. This blog re-caps the projects currently developing on Stratis thanks to support from Stratis’ community and the SDA to date.
New Web 3.0 infrastructure built on Stratis
Blockchain development company Blockcore passed the SDA vote in October with a proposal to build a user-friendly, non-custodial, browser-based wallet for Stratis users called CoinVault.
The non-custodial Web 3.0 wallet will play a role comparable to MetaMask within the Ethereum ecosystem. Currently, the team is working on the ‘Indexer’ an API that will enable the wallet to pull data from both the Stratis mainchain and Cirrus sidechain, which will then be used by the browser wallet extension. The team is also working on a block explorer so users can gain more in-depth details about transactions and addresses on the Stratis and Cirrus chains.
You will be able to use CoinVault for both STRAX and CIRRUS tokens for actions like token transfers as well as token swaps, when the wallet is integrated with Stratis decentralized exchange Opex. CoinVault is secure, easy-to-use, and designed with the user in mind: as CoinVault supports multiple Stratis wallets and accounts, users are free to manage their assets as they wish.
CoinVault has more additions and updates coming up, so be sure to follow both Stratis and CoinVault on Twitter, @stratisplatform and @coinvault_io, to be the first to hear the latest news.
Opdex is the first decentralized exchange protocol for the Stratis ecosystem. After spending a year in development, Opdex is set to increase flexibility for users by offering significantly lower fees than other operating decentralized exchanges.
Since our last update, Opdex has entered its Testnet phase in which the platform web app, API, and smart contracts have all been made available for end-to-end public testing and feedback. Once the current liquidity mining period on the Testnet has finished, Mainnet release is expected very soon. When this goes live, Opdex can be used for secure token swaps, liquidity provision, and the creation of entirely new markets based on Stratis.
We were delighted when FileProtected, an instant and automatic content registration service, passed the SDA vote earlier this year. FileProtected uses blockchain, timestamps, and digital fingerprints to solidify copyright ownership and ensure that the bond between creator and content is protected and upheld.
FileProtected and Stratis have teamed up to enhance the FileProtected platform by building smart contracts and identity solutions into the FileProtected ecosystem. The UX/UI update and broader rebranding of the platform is now well underway, and we are building up channel partners and API strategy to gain access to large user bases. Excitingly, an official release is planned for Q1 of 2022.
Dawn of Ships is the latest project from London-based Red Ego Games. An RPG in which players captain their own ship and loot, do battle, and try out the pirate’s life, Dawn of Ships aims to take the meaning of “play to earn” to a new level by allowing players to earn NFTs that can be sold on our recently announced NFT platform, Stratisphere.
Since passing the SDA vote, Dawn of Ships has been working on developing improved camera positioning and better pathfinding within the game for a smoother player experience that allows their pirate avatar to track down their loot and win valuable parts – including a flag with a logo that will be very familiar to anyone in the Stratis community.
Back in August this year, Trivial Legends became the first Stratis blockchain-based game from Kiqqi Games, an Indie developer with more than 14 million game downloads across its various existing games. Knowledge is the player’s weapon of choice in Trivial Legends, as players use their NFT avatars to win trivia battles and unlock more NFTs.
Since we last spoke to you all about Trivial Legends, Kiqqi Games has created 3 unique game-ready collections of NFTs, all with varying rarity tiers, as well as a distribution system to ensure that these characters find their way into the hands of players. The trivia itself is also getting an update, with content being built up to provide players with approximately 1000 initial questions.
Keep your eyes peeled for the Alpha release of Trivial Legends, which will launch this December for a small number of testers.
Hashbattle Passed the SDA vote in October. The game uses Stratis technologies to introduce rewards and an in-game economy, with Hashbattle’s MVP due for launch on the 10th January 2022 it might be one of the first games you’re able to play on Stratis.
The team have made significant progress on Unity development, game features and blockchain integration. Across the 15-20 games available in the MVP, players can compete against one another to win rewards such as STRAX tokens and NFT avatars, firmly merging blockchain and gaming for an immersive experience.
Polycarbongame is a metaverse NFT and VR gallery that allows users to interact with each other and with NFT items that they can exhibit and trade across the Stratisphere NFT marketplace.
With a landslide victory of 117 votes to 11 in its recent SDA vote, it’s safe to say that Stratis Masternodes are very positive on the potential Polycarbongame will bring to the Stratis community. The project will allow the community to display and interact with Stratis NFTs more easily and more socially, bringing value to the Stratis NFT community.
December is here and Stratis is busier than ever as the year draws to a close. This past month has brought with it some exciting developments to share with you, including the announcement of Stratis’ first decentralized NFT platform and the inauguration of the Stratis Blockchain R&D Center at the GL Bajaj Institute of Technology & Management in India.
As 2022 fast approaches, we’re excited to see how these updates unfurl over the next year as the Stratis community continues to grow.
Stratis’ $100,000 Hackathon
After the success of the first two hackathons, Stratis launched the third edition, the Stratis Build Hackathon, on the 29th November. This hackathon aims to shine a light on new talent in the blockchain technology space by setting a criteria free from restrictions: the only requirement is that your submission utilizes Stratis Blockchain Technology.
The Hackathon Prize Pool boasts $100,000 USD, including a $30,000 USD Grand Prize and many other prizes ready to be won by participants. Stratis Build Hackathon also has several sponsors, including the APPG, CMS, and Triad Group Plc, with the latter two set to offer a bonus of $5,000 to entries that meet some of their specific requirements.
The Stratis Build Hackathon will close on the 30th January 2022 and winners will be announced on the 23rd February 2022, so join the 100+ participants in developing blockchain solutions now!
Stratisphere NFT platform announced
Let’s launch NFTs into the Stratisphere. In November 2021, Stratis announced the imminent release of their long-awaited NFT platform, Stratisphere. Stratisphere is the first decentralized NFT platform to be built on the Stratis platform, and it operates with 0% platform fees. You can follow the platform on Twitter @StratisphereNFT to participate in upcoming giveaways and to be the first in line to hear about new collections launched on the platform.
Stratis commissioned industry-first research into NFTs and blockchain
Stratis recently collaborated with the insight agency Opinium to release an industry-first piece of research into how game studios truly feel about the integration of blockchain technology into video gaming. Across 197 developers surveyed in the United States and the UK, 58% of developers are beginning to use blockchain and 47% have started to introduce non-fungible tokens (NFTs) to their titles. Two-thirds of studios expect the presence of blockchain to dominate the gaming industry within the next two years, and 56% of respondents plan to use such technology in the next 12 months. This confirms a perspective already held here amongst the Stratis community: blockchain and NFTs are an inevitable part of the future of video games.
Genesis NFT collection
This month, Stratis announced a Genesis NFT collection that is minted explicitly for InterFlux Decentralized Government Board members who carry out their operations through a Stratis Sidechain Masternode. At Cirrus Block 3,430,000 this December, active Stratis Sidechain Masternodes will receive a unique NFT from this new and finite collection. As not all members of the Stratis community can operate a Stratis Sidechain Masternode, Stratis will also launch an additional collection for its community, so watch this space for updates on how you can own one of the first NFTs issued on Stratis.
Cirrus tokens began trading
After recognizing that it is optimal to execute smart contracts on a sidechain rather than the Stratis mainchain, we devised the Cirrus token to avoid the mainchain congestion seen in common blockchains such as Ethereum.
On the 22nd of November, the resulting Cirrus token (CRS) began trading on DigiFinex. Cirrus tokens are required to pay for smart contract transactions conducted on the Cirrus Sidechain for DeFi, NFTs, and other uses. As Stratis extends its reach with the launch of our Stratisphere NFT platform, the demand for smart contract execution will soon surge, so we’re pleased to have the Cirrus token in place as our Stratis ecosystem continues to thrive.
Eagle-eyed members of the Stratis community may have noticed the Stratis flag featured on the updated cover art for the upcoming Dawn of Ships game. This latest update is a part that users will be able to buy and sell once the game goes live. Stratis is excited to be working with Dawn of Ships to develop an immersive and interactive game that allows the player to obtain and use NFTs as they play. Keep an eye out for updates on when Dawn of Ships will launch via their Twitter: @DawnofShips!
Polycarbongame proposal passed SDA vote
Stratis Masternode operators recently approved the proposal from Polycarbongame to create a gallery space that incorporates modern XR interfaces and revolutionizes the 3D gallery experience by allowing users access to interactive views of the NFT items that they can trade in the marketplace. Congratulations to Polycarbongame on a successful vote!
The Astroverse NFT giveaway
To celebrate the launch of Stratisphere, Stratis will distribute the first 2000 of the 20,000 NFTs from The Astroverse Club through giveaways on the platform’s Twitter account, @StratisphereNFT. Be sure to follow the account to be in the running to win one of them!
New Stratis Tutorials
We recently added a series of tutorials to our YouTube channel, Stratis Platform, to help our community master Cirrus and STRAX transfers. These videos are no longer than 4 minutes apiece and are quick and easy to follow. Find them here: https://www.youtube.com/c/StratisPlatform/videos
New NFT games released for community testing
Over the past two months, Stratis announced that they would be modifying the games Red Runner and NFT Knives to install new functions that can reward the player with various tokens. Red Runner, an open-source game developed by Bayat Games, was updated to include features such as a non-custodial wallet, NFT minting, and a play-as-you-earn function that rewards the player with tokens based on the distance they travel and the coins they collect in a session.
NFT Knives is an endless one-touch game in which animated knives are used to defeat obstacles and collect coins. Both of these games enjoyed exciting new updates when they were released for community testing this month, and we look forward to receiving feedback from players.
Launch of Stratis Blockchain R&D Center
Another exciting development this month was the launch of the Stratis Blockchain R&D Center in collaboration with the C# Corner and the GL Bajaj Institute of Technology & Management (GLBITM) in India. It was a privilege to visit the university this November for the launch event, and we look forward to working with GLBITM and the institution’s students in the near future.
Stratis is pleased to announce a Genesis NFT collection minted explicitly for InterFlux Decentralized Governance Board members who operate and maintain a Stratis Sidechain Masternode.
At Cirrus Block 3,430,000 (approx. 21st December 2021), all active and participating Stratis Sidechain Masternodes will receive a unique NFT from the genesis collection. The amount of NFTs will be finite; the number of active IDGB members will define the amount of NFTs minted. Stratis plans to utilize these NFTs for upcoming events, incorporating their ownership as a requirement for events, special giveaways, and much more.
If you were considering operating a Stratis Sidechain Masternode, now is the time to secure your place as a recipient of a unique genesis collection NFT. The current IDGB Members have created a fantastic community, participating in Decentralized Accelerator reviews while benefiting from fantastic tokenomics, evidenced on Staking Rewards.
Additionally, Stratis feel it is essential to reward the ever-growing Stratis community, particularly those unable to operate a Stratis Sidechain Masternode. Therefore, Stratis will also release an additional collection specifically for its community. Exact requirements will be released in due course; stay tuned to ensure you perform any pre-requisite actions to own one of the first NFTs issued on Stratis!
There have been multiple announcements concerning NFTs and the Stratis Platform as of recent times. From the upcoming Astroverse NFT Collection giveaway to the announcement of ‘The Stratisphere‘, a zero fee NFT Marketplace. It truly is an exciting time for Stratis.
Cirrus is a gas token that fuels smart contract transactions on the Cirrus Sidechain. Anyone interacting with smart contracts on the Cirrus Sidechain for DeFi, NFT or other uses will require Cirrus tokens to pay for those transactions.
As DeFi and NFT activity increases, the more smart contract calls on the Cirrus Sidechain will be necessary, causing demand for the Cirrus gas token to rise. As more Cirrus tokens enter circulation, the same number of STRAX tokens become locked on the mainchain.
Why did Stratis create the Cirrus token?
We recognized long ago that it made sense to execute smart contracts on a sidechain rather than the Stratis mainchain. This avoids mainchain congestion by running high transaction throughput on a sidechain that can scale more easily without placing the risk on the highly secure mainchain. This avoids some challenges common to blockchains like Ethereum that suffer from high fees and slow transaction times due to constant demand.
Why is being listed now?
The Stratis ecosystem is growing rapidly, and the launch of the Stratisphere NFT platform and Opdex’s decentralized exchange are both expected before the end of the year. These capabilities will drastically increase use cases for Stratis and are expected to result in significant demand for smart contract execution. Therefore, now is the time to ensure users can access Cirrus tokens to power NFT, DeFi and gaming use cases on the Cirrus Sidechain.
What is the supply of the Cirrus token?
The supply of CRS Tokens is dynamic, based wholly upon the amount of STRAX that have been locked for the issuance of CRS Tokens.
How can users obtain Cirrus tokens?
There are two options.
Users can buy Cirrus tokens on the secondary market, as of November 22nd 2021 CRS will be tradable on DigiFinex with more exchange and third-party payment provider support to come.
Users can choose to swap STRAX tokens for CRS tokens (and visa versa) in a trustless manner, at a 1:1 ratio via the STRAX Wallet.
Where can I store my Cirrus tokens?
In order to store and interact with Cirrus tokens users need to download the Cirrus Core Wallet, which you can find here: Wallets.
Stratis is genuinely excited to launch its third hackathon, bringing in new talent and blockchain solutions, demonstrating the power of Stratis Blockchain Technologies. At Stratis, our mission is to simplify the adoption of blockchain technology within existing computing environments. We have built a platform written entirely in C# and based on the Microsoft .NET Core framework to deliver on this mission. The Build – Stratis Platform Hackathon is Stratis’ third virtual hackathon.
$100,000 USD has been allocated to the Hackathon Prize Pool, with a $30,000 USD Grand Prize and several other prizes to entice developer engagement. Stratis has also brought in some of its partners to sponsor the hackathon, including CMS, Triad Group Plc and the APPG, with CMS and Triad awarding a $5,000 bonus for those who deliver a submission that meets some of their defined requirements.
The Stratis Build Hackathon will launch on the 29th November 2021 and run for just under nine weeks, ending on 30th January 2022. This will be followed by a judging period, with winners being announced on 23rd February 2021.
The entry criteria are limitless; the only requirement is that your submission utilizes Stratis Blockchain Technology. An example of some submission types can be found below:
Blockchain Gaming Submission
Gaming submissions should include an end-to-end game, incorporating Blockchain Technology in some respect. This can be through the employment of an earn to play model, the issuance of non-fungible tokens or utilizing Smart Contracts to offer a genuinely trustless experience for the gamer.
Stratis provides Software Development Kits for both the Unity Gaming Engine and the Unreal Gaming Engine to assist with the game integration process.
A DeFi submission can implement a lending protocol, trade management solutions and anything related to financial services on the blockchain.
NFT Tooling Submission
An NFT submission should focus on tooling around the management, creation and utilization of NFTs. For example, an NFT Platform, NFT Creation Tooling and anything related to the management of NFTs. An NFT Collection can also be submitted but must stand out and be highly unique to pass judging criteria.
Stratis Platform Tooling Submission
A tooling submission must focus on bringing additional tooling to the Stratis Platform, such as an SDK that caters for an alternative programming language, or as another example, a wallet implementation.
The judges will be asking: does the tool provide a useful function, is it accessible and engaging to use, is it doing something innovative, how well does the product function? Submissions can cover any software application, such as the web, cloud, personal computer, mobile device or console, but they must utilize Stratis Smart Contracts in C#.
Now is the time to gain some inspiration and think about solutions you can build on the Stratis Platform, utilizing Stratis Blockchain Technologies, in readiness for the Stratis Build Hackathon launch. The launch of the hackathon will detail full judging criteria and getting started packs to assist those new to Stratis Blockchain Technologies.