Category

Announcement

InterFlux Update

Stratis’s migration to StratisEVM marks a major advancement, integrating the platform into the extensive Ethereum ecosystem. This evolution brings access to advanced web3 tooling, streamlined DeFi protocols, a thriving ecosystem of dApps, and a dynamic developer community. The StratisEVM Blockchain will be an advanced, web3-ready, Ethereum-based PoS Blockchain, featuring $STRAT as the native token and offering a Layer 1 solution with plans for a Layer 2 solution tailored for gaming and DeFi applications.

As Stratis transitions to the StratisEVM platform, it’s important to highlight that the token swap period is fast approaching. This swap is a pivotal part of the migration, allowing $STRAX holders to exchange their tokens for the new $STRAT tokens. Full details and instructions on the token swap process will be provided, ensuring all community members can confidently navigate this important phase.

InterFlux Bridge Update

As Stratis prepares for its migration to StratisEVM, it’s important to note that the decentralized InterFlux bridge will be taken offline to facilitate this transition. This suspension will take place at the close of play on the 22nd of December. We strongly recommend that all users withdraw their InterFlux Tokens before this cutoff date. While there will be methods to withdraw tokens after the bridge is offline, these may involve delays. Therefore, to ensure the timely and safe retrieval of your assets, please act within the provided two-week window. This proactive measure will help avoid any potential inconveniences during the transition period.

Please be aware that this includes all wrapped tokens managed via InterFlux, including; wSTRAX on Ethereum and wETH, wBTC, wUSDT, wUSDC, wSHIB and wLINK on the Cirrus network.

As Stratis embarks on this significant transition to StratisEVM, the team extends an invitation to everyone to join their community Discord. The Discord server serves as a hub for the latest updates, vibrant discussions, and support from both the Stratis team and the wider community. Stratis values the involvement and insights of its members, recognizing their crucial role in this evolving journey.

Stratis Monthly – November

The last two months have been incredibly busy here at Stratis. Not only have we announced new community projects like London Desserts Club and Space War, but we have hosted a community vote and decided to migrate to a layer-one Ethereum blockchain. With so much to discuss, it’s time to look at our milestones over the last two months.

Stratis migrates to Ethereum ecosystem, becoming StratisEVM

StratisEVM is a web3-ready Ethereum-based proof-of-stake (PoS) blockchain featuring the native $STRAT token. StratisEVM will be a layer one blockchain, with plans to introduce a layer two to deliver high-throughput and low-finality decentralised computing. These advanced capabilities are specifically designed to support gaming and DeFi applications.

The move to a one-layer Ethereum was not one taken lightly. The resolution was put to the community, who were then given two weeks to cast their vote, which resulted in 99.3% in favour of the migration. By moving to Ethereum, Stratis hopes to accelerate innovation by making it easier to develop blockchain solutions using more widely available tooling and the interoperability capabilities inherent to the Ethereum ecosystem.

For all of the web3 gamers, StratisEVM promises to bolster and support the expansion of our P2E ecosystem, as we’ve announced that Dawn of Ships, Space War, and London Desserts will all be released on StratisEVM Next year and utilize our Club Pass and $OVIA token.

We have written a series of blogs that go into the transition more fully — we welcome you to have a look.

Corgi Dash

Two months ago, we saw the final version of Corgi Dash submitted to Google Play. In the run-up to the global release of the game, developers have been working hard on new and exciting features. These additions were designed to make the game more enjoyable for NFT natives and casual players alike while continuing to increase the value of the game.

Two months on, feedback from players has been overwhelmingly positive, with many citing its enjoyability and smooth performance on their Google devices.

Corgi Dash – Play Store

Dawn of Ships update

September welcomed the official release of the RPG game Dawn of Ships.

This latest version is a significant achievement for the developers, who have worked tirelessly to create an innovative game while bug patching and crowdsourcing feedback as they went.

Via the official discord, Dawn of Ships commented: ‘This release includes all the crucial features we promised to deliver to our community. It has been a lengthy journey, and I am delighted that we have delivered on our promises to build a massive 3D P2E game from scratch. I am also proud of all the tools and projects we have contributed to the Stratis Blockchain.”

The Dawn of Ships team aren’t slowing down anytime soon, with plans for game updates already in the works. The team is working towards players being able to burn ships in return for better vessels while improving performance and adding utilities. Plans are even in the works for the Dawn of Ships to release on the Epic Game Store.

London Desserts Club

We are also thrilled to unveil the upcoming web3 game, London Desserts, created in collaboration with the talented TinyLizard Studio. The game will be an immersive experience on StratisEVM, billed to launch in early 2024. London Desserts is a simulation game that puts you in charge of your own cafe, allowing you to nurture and expand the business.

Players work and manage their dessert shop to generate revenue that can be converted to $OVIA tokens. In this P2E time-management game, you need to serve your customers, upgrade your equipment, and shop to increase your revenue and earnings.

Ticketsphere

Last month, founder of Stratis Chris Trew joined Jill Malandrino, host of Nasdaq Trade Talks, to discuss the soft launch of Ticketsphere and web3 gaming.

Chris explained how Ticketsphere and NFT ticketing can resolve some of the main issues we see in the ticketing world. He went on to explain how we’re witnessing a growing trend of people buying tickets for popular events en-masse with the intention of reselling on third party sites. As a result, fans become priced out of going to their favourite shows and events and artists and organisers see none of this extra value.

Within Ticketsphere, it is possible to prevent this secondary market entirely if the artists wish. Alternatively, if artists are open to a secondary market, they have ways that they can program the tickets in line with their demands. For example, a ceiling might prevent tickets sold at an enormously inflated price and prevent fans from being priced out. Artists could also embed royalties into their tickets, which means that everytime a ticket is resold, the artist earns a percentage of the cost.

Ticketsphere is visible on our site for anyone eager to experience the future of ticketing.

 


 

That’s a wrap for the November monthly! Be sure to join the Stratis Discord to keep up to date with progress and become a member of the ever-growing community!

Progress Update

Welcome to the latest StratisEVM update! Stratis is excited to share the progress of the migration from the existing STRAX Blockchain to the Ethereum-based StratisEVM ecosystem. As mentioned in previous blogs, the transition marks a significant milestone in Stratis’ journey, offering enhanced capability and greater opportunities for Stratis and its ever-growing community.

This blog will provide an update on the progress with exchanges, detail some of the significant changes to Masternodes, offer a look into the progress with Project Atlantis, and shed light on the upcoming Token Swap process.

 

Exchange Support

The team at Stratis has been in contact with all exchanges that currently support pairings with the STRAX Token. The response has been wholly positive, and the focus lies on a smooth transition process, minimizing any downtime and impact on withdrawals and deposits.

The team at Stratis understands that receiving support from leading exchanges is pivotal to the success of the token, and as such, the team is progressing with providing the requested information, including legal opinions, security audits, and various regulatory requirements before aligning a timeline that suits the leading exchanges.

 

Masternode Contract

Initially, there will be some significant changes for Masternodes operators. Primarily regarding the requirement to run any software or infrastructure. Instead, all that will be required is to register and deposit your collateral to a Smart Contract, where rewards will accumulate over time.

Additionally, there will be a cooling period introduced, whereby you will only become active after a defined cooling period of approximately two weeks, once active, you will begin to accumulate rewards. This change is crucial in deterring inactivity due to removed collateral. A dApp will be made available to simplify the interaction between your wallet and the Masternode contract, simplifying registration and reward withdrawal.

In the future, there will be an introduction of infrastructure requirements, where Masternodes will have to operate a node to provide a service to the network. More information regarding these requirements will come at a later date once StratisEVM is operational.

 

Project Atlantis

We’re excited to share the latest progress on Stratis’ flagship game, Project Atlantis. The dedicated gaming arm of Stratis has been working diligently, and there are some exciting updates to share.

Frontend Development Advancements

The team is currently engaged in a critical phase of development: integrating the backend with the frontend. This integration is pivotal for ensuring smooth and responsive gameplay. Significant strides have been made in frontend development with the team successfully completing most of the client-side functionalities required for the alpha version of the game. This progress marks a major step forward in the game’s development journey.

Expanding the Team

In a strategic move to accelerate the game’s artistic development, Project Atlantis has welcomed two new artists to their team. These new additions are expected to significantly enhance the visual aspects of the game and expedite the art production timeline.

Key Milestones
Alpha Release

The team is targeting the alpha release for mid to end of January 2024. This phase will focus on testing core functionalities and gathering initial feedback.

Beta Release

The beta release is scheduled for the start of May 2024. During this phase, Project Atlantis will open its doors to initial players, providing an opportunity to experience the game and contribute to its refinement.

 

Token Swap Process

As the start date of the Token Swap looms, Stratis has created a short guide to prepare token holders for the upcoming Token Swap.

Obtain Ethereum Account

In order to receive the new StratisEVM Token (STRAT) you must obtain a compatible address. There are a variety of wallets that will be supported by the upcoming STRAT Token; however, the initial focus will be placed on supporting MetaMask.

It is strongly encouraged to use MetaMask for the Token Swap as support for other Ethereum-based wallets cannot be guaranteed.

New to MetaMask?

If you’re new to MetaMask, you can follow the below steps to safely and securely.

https://support.metamask.io/hc/en-us/articles/360015489531-Getting-started-with-MetaMask

Please pay special attention to the dos and don’ts of securing your MetaMask account.

Do
  • Write down your Secret Recovery Phrase somewhere safe. We can’t tell you precisely where, as that depends on your circumstances.
  • The importance of handwriting your Secret Recovery Phrase is that it cannot be stolen online. If you store it in a file in an internet-linked cloud storage folder, for example, it could theoretically be stolen.
  • Double-check your spelling and that you wrote down every word in the same order they were given.
Don’t
  • Keep it in an easily discovered or easily hacked location; e.g. in a cloud-saved document or email titled “Seed Phrase”; on a post-it note stuck to your computer.
  • Provide your seed phrase to anyone, even if they say they’re from MetaMask Support.
  • Change the order of the words.

Create a new MetaMask Account (Optional)

You can create a new account within your MetaMask to manage the new STRAT Token, or alternatively, you can use your existing account.

Steps to create a new account can be found below:
https://support.metamask.io/hc/en-us/articles/360015289452-How-to-add-accounts-in-your-wallet#:~:text=Click%20’Add%20account%20or%20hardware,hit%20’Create’%20to%20confirm.

Once the Token Swap is live, Stratis will be releasing a new version of the STRAX Wallet that will enable you to perform the Token Swap via an on-chain cryptographic burn of your tokens.

 

Future Outlook

This migration marks the beginning of a new chapter in Stratis’ story. The team at Stratis deeply appreciates the continued community support and participation. Should you have any questions or need assistance, please reach out via our Discord Server, additionally a short FAQ can be found below answering commonly asked questions.

 

FAQ

Will there be any fees for the Token Swap?

There will be a transactional cost to perform an on-chain burn, however, this will be very small.

How long will the Token Swap last?

There will be a period to perform the on-chain Token Swap. After this period ends, token holders will be able to perform the token swap using a proofing tool up until the 29th of December 2024.

Can I perform the Token Swap now?

Technically, you can cryptographically burn your STRAX Tokens now, however, you are strongly advised to wait for a new version of the wallet to become available.

What is the timeline?

Whilst we are technically able to begin, there are several activities that need to be undertaken prior to officially starting the Token Swap and Token Issuance. At this moment in time, Stratis cannot provide an exact date but is on track with the schedule of 4-6 weeks.

Will I be able to Stake on StratisEVM?

Yes, you will be able to stake. A setup tool and launchpad dApp will simplify the staking registration process.

What is the block reward?

The block time will be reduced to 16s, as a result, the block reward will be reduced to 60 STRAT per block, with 50% being distributed to the Masternode Reward Contract.

StratisEVM Voting Update

Stratis is excited to announce the outcome of the recent community vote for the StratisEVM initiative and extends gratitude to every community member who participated in the vote and demonstrated their support. The engagement and enthusiasm of the Stratis community continue to drive the project’s growth and success.

The community vote concluded with an overwhelming 99.33% of participants voting in favour of the new initiative. 

Moving Forward

As a result of the successful community vote, the next phase will be the start of the token swap period, paving the way for the implementation of StratisEVM. Stratis acknowledges the community’s anticipation for the token swap period; however, at this moment, an exact start date cannot be defined. Stratis is working toward a 6-8 week timeline for the token swap period to begin, with the StratisEVM chain becoming active soon after, but this depends upon several factors, such as; 

Exchange Readiness

Stratis has already begun discussions with the leading exchanges that support the pairs with the existing token. The team at Stratis is working diligently to ensure a smooth transition process when the STRAT token is launched.

Security Auditing

Stratis is dedicated to prioritising the security and integrity of its blockchain platform. To ensure maximum safety for the community, they will be collaborating with a leading web3 auditing firm to conduct comprehensive security audits. These audits are critical in identifying and addressing potential vulnerabilities or issues and instilling confidence before proceeding with the token swap.

What to Expect

There will be two phases where holders of the existing STRAX Token will have the opportunity to participate in the token swap. Initially, holders will be able to cryptographically burn their STRAX tokens for the token swap; this will only be possible before a communicated snapshot is taken. 

Additionally, a ‘proofing tool’ will be provided, enabling token holders to swap their tokens in a non-custodial manner by providing cryptographic proof of their token balance before new tokens are issued on the StratisEVM blockchain.

The token swap period announcement will be accompanied by guides, documentation and dedicated support channels to assist with any questions or concerns with the processes.

If you have any questions or are seeking further clarification on any of the above points, please reach out via the Stratis Discord Server to speak with one of the team.

Voting Begins

As mentioned in previous blogs, there will be a community vote to decide the future of Stratis and their plans for StratisEVM. If you haven’t already, be sure to read the recent blog posts regarding the StratisEVM initative. The voting period for the StratisEVM initative has now begun, to find out more about the voting period, and how to vote, continue reading below:

When is the voting period?

  • The voting period will last for approximately 14 days.
  • Votes will be accepted from block 1997000 (17th October 2023)
  • The voting period will end on block 2023880 (31st October 2023)

How can I vote?

Stratis has chosen an on-chain, weight-based voting method to facilitate the vote. The voting function keeps track of each voting wallet’s balance and voting choices (for or against proposed changes). A transaction is made for every address with a balance over 1 STRAX Token. If your wallet is very active, this might mean several transactions, each with a small fee.

When voting ends, all blockchain addresses will be checked within the set voting period, and the balances of those voting for will be added up and compared to those voting against. A simplified example can be found below:

  • Token Holder A votes ‘For’ with a STRAX Balance of 1000
  • Token Holder B votes ‘Against’ with a STRAX Balance of 500
  • Token Holder C doesn’t vote and has a STRAX Balance of 2000

In the above circumstance, the decision would be ‘For’.

Note that funds moved from the wallet won’t affect the voting decision. Also, if you make regular transactions, your addresses might change due to our wallet software’s privacy features, which could make your vote not count in the final decision.

Importantly, Masternode Operators can safely vote from their collateral address, providing they have more than a 100,000.0001 STRAX balance.

Voting is made easy with new Voting features in the latest wallet version: https://github.com/stratisproject/StraxUI/releases/tag/1.6.0.0

Simply select your voting option, enter the wallet password and submit your vote.

Where can I download the wallet?

The installers for the wallet can be found above, or you can use the direct links to your applicable operating system below:

How can I see the vote progress?

As Stratis has opted for an on-chain voting mechanism, anyone can view the status of the vote, including the weight of each voting choice.

Details regarding how to the run the tool can be found here: https://github.com/stratisproject/StratisFullNode/tree/swapcounter/src/SwapExtractionTool

 

StratisEVM Vote

Since the announcement of Stratis’ plans to migrate to an Ethereum-based blockchain, there has been an overwhelmingly positive response from the community and the wider crypto space. As highlighted in their blog, Stratis is confident that adopting an Ethereum framework will unveil more opportunities and integrate them into a thriving development community.

In addition to the focuses Stratis highlighted in their previous blog, a list that included gaming, masternodes, web3 and more, it is key to highlight some of the core reasons that motivated this decision.

Integration

Choosing an Ethereum-based framework over a bespoke platform offers immediate integration with a robust and well-established ecosystem. This has presented challenges for Stratis in the past, particularly when liaising with exchanges and dApps in the crypto space. Leveraging the Ethereum codebase also means benefiting from continuous upgrades and innovations developed by a global community. Ethereum is consistently evolving, and by aligning with Ethereum, Stratis can leverage these advancements without having to independently develop similar technologies, which has been the case with the existing platform. This saves resources and ensures the platform remains at the forefront of blockchain technology advancements.

Interoperability

The shift towards an Ethereum-based framework opens doors to enhanced interoperability and compatibility with numerous existing decentralised applications (dApps) and protocols. The Ethereum blockchain hosts a multitude of dApps, ranging from decentralised exchanges to lending platforms, which Stratis can interact with or utilise for added functionality and value creation. Establishing such a wide range of interactions and partnerships on the existing platform has been challenging for Stratis and required additional development of complex and bespoke protocols.

Familiarity

Developers are more likely to migrate to a platform that offers familiar tooling; Ethereum dominates the market share of solutions leveraging blockchain technologies. Stratis’ recent blog details that a core focus is incentivising existing Ethereum-based projects to move to the StratisEVM platform. Leveraging an Ethereum-based blockchain makes the migration process effortless. It will enable projects to flourish on the StratisEVM platform, taking advantage of the SDA and scaling capabilities that will be introduced through the future L2 (Layer-2) solution.

 

Community Governance

Stratis is well-established within the blockchain industry and has attracted a substantial following since its launch in 2016. Stratis understands the importance of the community and token holders; without them, a decentralised and distributed blockchain would not be possible. Therefore, the proposal for StratisEVM will only progress on the result of a community vote. In addition to the fundamental changes incorporated into the move to the Ethereum-based blockchain, there will also be changes to token supply.

As described in the previous blog post, the proposal will introduce an increase in token supply, multiplying the existing token supply tenfold. This means that for every 1 STRAX, you will receive 10 STRAX Tokens on the StratisEVM blockchain. There will also be an additional minting of tokens to mobilise adoption efforts and future development of the StratisEVM.

Proposed Total STRAX Token Supply

The graph below considers the increase in token supply and incorporates the additional token minting. For simplicity, all graphs will be based upon a rounded figure and will change when the snapshot is defined.

 

Proposed STRAX Token Supply Breakdown

The graph below highlights how additionally minted tokens are distributed and the purpose of each distribution. Stratis also wants to clarify that existing SDA Tokens and company-owned tokens will form part of the Token Swap Fund pool. Additional pools of tokens are also proposed as part of the migration to StratisEVM.

 

Adoption Incentivisation

The “Adoption Incentivisation” pool plays a pivotal role in driving the innovation and utilisation of Stratis’s platform. This reserve of tokens incentivises developers to construct, innovate, and deploy their projects on Stratis’s platform. By providing tangible rewards and a pool for financial backing, Stratis aims to alleviate the initial burdens of blockchain development, such as operational costs, smart contract deployments, and dApp production. Furthermore, this pool aims to stimulate a vibrant developer community where the exchange of ideas, collaboration, and innovation is encouraged and rewarded. Stratis aims to spark creativity and development that aligns with the platform’s capabilities and future vision, enriching its ecosystem with diverse and innovative applications.

Stratis understands that its utilisation and on-chain activity define the inherent value of the platform. The existing model of the SDA (Stratis Decentralised Accelerator) initiative has already enabled several games and projects to be built and deployed on Stratis. As mentioned in the previous blog, these projects support the StratisEVM initiative and will actively begin their migration upon the vote succeeding.

It’s also worth highlighting that this pool of tokens and remaining SDA Tokens will be controlled by a Smart Contract that can be publicly queried. Stratis intends to deploy a governance dApp that will enable the community to easily control the issuance of tokens in a web3 manner.

Foundation

The “Foundation” pool is allocated to secure StratisEVM’s platform’s developmental and business relations. This fund is dedicated to propelling technological development, ensuring the platform is robust and secure and consistently evolving to meet the needs of users, developers and the community. It ensures that Stratis has the necessary resources to explore, innovate, and integrate cutting-edge blockchain technologies and features into its platform. Additionally, it supports Stratis’s business activities, including marketing, partnerships, and other strategic initiatives. These are crucial for expanding its reach, enhancing its community, and establishing its presence in the blockchain industry.

Developments will include the introduction of an L2 solution that caters for both the StratisEVM blockchain and the Ethereum blockchain. Akin to successful projects such as Arbitrum, Optimism and zksync era, Stratis will focus on introducing cutting-edge ZK (Zero Knowledge) technology, ensuring that their solutions leverage the latest innovations in the space.

Network Incentivisation

The “Network Incentivisation” pool aims to enhance Stratis’s platform’s liquidity, stability, and interoperability. This pool is instrumental in leveraging services such as bridges and market maker services, which are vital for improving interoperability and connectivity with other blockchains. By investing in established bridging technologies, Stratis aims to create a seamless and interconnected blockchain network where assets and data can flow freely between its platform and others, enriching the Stratis ecosystem and enhancing its users’ experience.

Stratis will be actively reaching out to established platforms within the crypto space, seeking to incorporate support for the StratisEVM blockchain. Projects of focus include Celer Network, which provides interoperability between several blockchains; Chainlink, which provides oracle services and secure cross-chain communications; and Stargate, which provides a plethora of DeFi bridging functionality.

 

Staggered Distribution

All additionally minted tokens will not be available at launch; the release of tokens will be staggered over a two-year period, as detailed below. The tokens will be locked within a Smart Contract, offering full visibility and transparency on the token release schedule.

 


How to vote?

Making sure the voting process can’t be unfairly influenced is crucial. Stratis has chosen an on-chain, weight-based voting method to facilitate the vote. The voting function keeps track of each voting wallet’s balance and voting choices (for or against proposed changes). A transaction is made for every address with a balance over 1 STRAX Token. If your wallet is very active, this might mean several transactions, each with a small fee.

When voting ends, all blockchain addresses will be checked within the set voting period, and the balances of those voting for will be added up and compared to those voting against. A simplified example can be found below:

• Token Holder A votes ‘For’ with a STRAX Balance of 1000
• Token Holder B votes ‘Against’ with a STRAX Balance of 500
• Token Holder C doesn’t vote and has a STRAX Balance of 2000

In the above circumstance, the decision would be ‘For’.

Note that funds moved from the wallet won’t affect the voting decision. Also, if you make regular transactions, your addresses might change due to our wallet software’s privacy features, which could make your vote not count in the final decision.

Voting is made easy with new Voting features in the latest wallet version that will be released on Tuesday, 17th October.

A new dawn for Stratis

Stratis is thrilled to announce their plans for StratisEVM. A new blockchain that leverages an Ethereum. This is a huge step forward for Stratis, bringing their expertise products and future developments to the Ethereum ecosystem, enabling the availability of mature tooling and interoperable possibilities.

As outlined in the whitepaper, Stratis embarked on a mission to develop a blockchain platform from the ground up, utilising Microsoft’s .NET Core Framework. Throughout this journey, Stratis has successfully developed a functional platform with an innovative and market-first approach to Smart Contract execution, scaling solutions, and various products that leverage the Stratis Platform and introduce blockchain technology.

Working within a fast-paced environment, such as blockchain, has seen Stratis focus on many solutions, including Self-Sovereign Identity, Supply Chain, NFT Marketplace, ICO/STO Management and many more. The ultimate goal has been to gain adoption, both for the platform and the token, $STRAX.

This has presented challenges for Stratis in several business engagements, with concerns around interoperability and tooling availability. Stratis committed itself to building tooling around the platform, including developing SDKs for Unreal and Unity Gaming Engines and various programming languages, sponsoring .NET conferences and events, as well as projects such as DevEx, which provides static code analysis for Smart Contract development. Although best efforts were made, rivalling the tooling and innovative development of rival platforms, such as Ethereum, was almost impossible.

The primary focus for Stratis was to develop and deliver a Microsoft-focused blockchain platform, which has been delivered; however, during this time of development, platforms such as Ethereum have grown exponentially, with record-breaking usage and market capitalisations. Stratis has reviewed their goals, performed market research and utilised their knowledge of the space gained through business engagements and years of experience in blockchain. Something that became evident was how developing a new platform had inadvertently become a hindrance to adoption. This has resulted in a decision to migrate to an Ethereum-based blockchain. Enter StratisEVM.

StratisEVM

As Stratis submerses itself into the Ethereum network, it unlocks a multitude of opportunities, including access to mature web3 tooling, streamlined entry to DeFi protocols, and a thriving ecosystem of dApps, while also becoming more accessible to a well-established developer community.

The StratisEVM Blockchain will be an advanced, web3-ready, Ethereum-based PoS (Proof-of-Stake) Blockchain, with the $STRAT being the native token. It will be an L1 (Layer 1) blockchain, with plans to introduce an L2 (Layer 2) solution specifically focusing on high-throughput and low finality, catering to gaming and DeFi solutions. This will replace the existing Stratis Blockchain(s). Stratis has been innovating within the blockchain space since 2016 and will continue to do so with the new StratisEVM. Initially, the focus is on further enhancing and tailoring the new blockchain to be ready for mass adoption. This not only positions Stratis as a welcoming blockchain for new developers but also offers a primed environment for the deployment of games and DeFi solutions.

What happens to STRAX?

As part of the StratisEVM vision, a token swap will enable holders of the existing $STRAX Token to exchange their tokens for the new $STRAT Token. In addition to the swap, there will also be a supply increase of 1:10, meaning that for every 1 STRAX Token, there will be 10 STRAT Tokens issued, bringing the token supply to just over 1.53B. The greater token supply aims to make the token more attractive, especially for its utilisation within gaming.

The current inflation rate will remain in place, with a percentage of the block reward being distributed to a Masternode Operator Reward Pool. StratisEVM will feature a Masternode Contract that will enable new and existing Masternodes to lock their collateral and continue to receive rewards as they do on the current blockchain. Additionally, as part of the StratisEVM launch, Stratis will honour reduced collateral requirements for the original Masternode operators (pre-STRAX) who remain federation members at the time of swap.

What will be the focus?

Stratis will continue to innovate and aim to focus on the gaming industry and their existing suite of products, primarily Stratisphere, Ticketsphere and the GBPT Stablecoin issuance. Stratis anticipates a surge in the gaming industry over the coming years, particularly in mobile gaming, and this remains a strong focus, evidenced by the recent announcement of Project Atlantis. Additionally, Stratis feels that deploying solutions on an Ethereum-based blockchain will be more appetising, given the presence of Ethereum-based solutions in enterprise environments. Stratis will also be a focus on rebranding, with the launch of a new website and corporate colours that align with the future vision of StratisEVM.

Gaming

To further position themselves as the go-to for gaming development and GameFi, Stratis will migrate their Unreal and Unity SDKs to StratisEVM, along with accompanying documentation, and focus on a dedicated Layer-2 Solution, specifically for gaming. Stratis has already discussed the migration with the gaming development teams on Stratis and will support the migration of Dawn of Ships, Trivia Legends, MYXRGallery and Corgi Dash.

Masternodes

Stratis will continue offering Masternodes on the StratisEVM Blockchain and retain block rewards for Masternode Reward Distribution. Similarly, to staking, the focus will be placed on simplicity, with the vision of enabling token holders to lock their tokens and receive rewards on a regular and consistent basis.

Stratis Decentralised Accelerator (SDA)

The SDA enabled several companies, ranging from indie gaming studios to technology start-ups, to build and deploy on Stratis. Stratis will support these projects as they migrate to StratisEVM and will aim to increase the SDA Token Allocation to enable further growth for existing projects and incentivise the migration of stand-out projects on other Ethereum-based chains.

Staking

A simple and effective staking pool solution will be introduced, enabling holders of the $STRAT token to easily stake and be rewarded for securing the network. The focus here will be simplicity, as seen on the existing Stratis blockchain, ensuring the chain can be secured with ease and limited technical skills. Stratis will also explore Staking-as-a-Service to enable token holders to stake their tokens without maintaining any hardware.

Token Bridge

In addition to the existing Stratis solutions and developments, a bridge to the Ethereum Mainchain and other EVM-based blockchains will be deployed. The bridge will amplify the $STRAT Token and StratisEVM blockchain’s interoperability and signifies a pivotal step towards an interconnected and versatile platform that is much needed within the space.

Web3

The move to an Ethereum-based blockchain brings an abundance of web3 tooling; as such, Stratis will focus on offering support for the leading tools and services, such as MetaMask, Remix and web3 development providers such as Chainstack.

When is this happening?

The community is imperative to the success of a platform, and Stratis understands this. As such, a vote will take place, enabling the community to decide the future of the platform and the tokenomics.

Keep an eye on the Stratis social channels and join our Discord Server for all the latest updates on the StratisEVM initiative. Your involvement is crucial, and Stratis is excited to move forward together with the community’s input.

 

 

Ticketsphere is Live

Stratis is ecstatic to announce the release of Ticketsphere, an innovative NFT ticketing platform. Ticketsphere empowers event managers, artists, and venues with a digital environment to generate and distribute event tickets in the form of non-fungible tokens. As part of the ticket-buying process, the NFTs are relayed to the ticket purchaser, ensuring legitimate ownership, a fully non-custodial experience, and more avant-garde experiences.

Ticketsphere is devised for both web3 and non-web3 users, putting a premium on accessibility and user-friendly experiences. Tickets can be purchased using traditional methods of debit/credit card via a simple e-commerce journey. After buying a ticket, customers scan a QR code or click the Open Wallet button to register their device, leading to the issuance and secure storage of the ticket within the Ticketsphere app on their smartphone.

The Ticketsphere mobile app is also utilized at the venue, allowing staff and event organizers to effectively verify an attendee’s ticket’s authenticity. With NFT tickets, event managers can now interact with their attendees in an unprecedented manner, offering access to exclusive content, loyalty rewards, community access, and a multitude of novel digital experiences that vastly surpass the traditional paper tickets.

At present, Ticketsphere’s website is set to a demo mode, permitting anyone to explore its functionalities via ‘mock’ events that are entirely free to acquire. Individuals interested in listing their event can initiate this process by going through the ‘Create an Event’ steps. Ticketsphere’s mobile applications are readily available on both the iOS App Store and Google Play Store. Alternatively, these can be downloaded directly by visiting https://ticketsphere.com.

You can follow Ticketsphere social channels for more information on upcoming features of the platform, including the ability to introduce royalties into ticket sales, combating the age-old problem of ticket scalpers who resell at an inflated price.

https://twitter.com/ticketsphere_/

Introducing Project Atlantis: A Pioneering Web3 Game, Blending AI, Play-2-Earn (P2E), and Blockchain Technology

Six months ago, Stratis assembled a gaming division comprised of an elite team of gaming developers with one distinct goal: to develop a game that synergizes AI with Stratis Blockchain Technologies. Today, Stratis is thrilled to unveil their latest development, Project Atlantis.

Stratis set out to take city builder games a step further and has done so by introducing an economic aspect of an in-game currency token deployed on the Cirrus Blockchain. This game currency can be earnt, traded and swapped with real money, giving your hours spent in the game a real-world value. In addition to integrating Stratis Blockchain Technologies, Project Atlantis will utilize Artificial Intelligence to provide extraordinary conversational experiences with Non-Player-Characters in newly discovered cities. The utilization of LLMs will also offer real-time artefact generation, creating unique in-game assets, such as terrain, characters, items, and more. It doesn’t end there. Project Atlantis will also lean on generative models to provide atmospheric music based on the surrounding environment, creating a genuinely unique experience for players as they navigate the world of Project Atlantis. When applied correctly, gaming is a great use case for blockchain and AI, enabling new and innovative ways for users to genuinely own unique in-game items and explore new token economics that holds value outside the gaming realm.

Set in a futuristic landscape, Project Atlantis is a city-building game where every player exists on a single server, and the gameplay unfolds regardless of your online status. Your journey begins in colonies – once bustling hubs now desolate, dotted with tiny structures. Each colony operates independently, owning its resources, buildings, armies, and traders. As the game progresses, these colonies expand, more building slots are unlocked, and players are guided towards collaboration, trades, and combat for supremacy. You will lead your armies through epic battles for resources and destruction, manage resource nodes, create trade mechanisms, and engage in espionage to stay ahead of the competition. Moreover, you can join alliances and trading guilds for political interactions or maintain relations with resource-rich regions to be conquered, traded with, or negotiated upon.

Screenshots of the actual game can be found below:

For those who relish intricate resource management, city building, and strategy games or crave an immersive world where earning and gaming coexist, Project Atlantis is your ultimate destination. It promises intense gameplay, multi-layered strategic elements, and, most significantly, the integration of Stratis Blockchain Technologies and Artificial Intelligence. We look forward to welcoming you into Project Atlantis and venturing beyond the traditional gaming experience into the unexplored frontier of future gaming.

More details will be released in the coming months, including exclusive beta access for members of the Stratis Community. Stay tuned in our Discord server to be the first to know: https://discordapp.com/invite/9tDyfZs

Stratis Monthly – May

For many, the month of May is when summer stops being a dream and starts to become a reality. So as we pass Easter and roll into summer, we want to take this opportunity to look back at April and celebrate some achievements from across the Stratis community.

STRAX listed on KuCoin

April saw STRAX, the cryptocurrency linked to the Stratis blockchain, listed on KuCoin. The Stratis blockchain runs a proof of authority mechanism, which makes it more sustainable than major blockchains. This means STRAX is better for the environment than most. KuCoin is a secure cryptocurrency exchange that allows the trading of most major cryptocurrencies. STRAX being available on KuCoin is an important step in making STRAX more widely available for digital purchases and trading.

Do check it out for yourself on KuCoin: https://www.kucoin.com

Dawn of Ships open beta release

Late April saw a huge milestone for Dawn of Ships as they released their open beta. Earlier in the month, Dawn of Ships released game update v1.1.0. This update included new features like a mission timer, improved UI, bug fixes and more.

Those who have read this blog will be familiar with Dawn of Ships; it is a swashbuckling idle RPG game in which players can earn tokens and use utility NFTs from the Stratis blockchain. The open beta opens the game up for all of us to try, and the changes from the most recent update will continue to make the game more functional and allow users to get more immersed in strategy and gameplay.

Play it for yourself by clicking the link below and downloading the game: https://github.com/obikhajj/Dawn-of-Ships-Release-Builds/releases/tag/v1.1.0

Hashbattle

HashBattle is a blockchain gaming platform powered by Stratis. We were thrilled to see the Hashbattle team announce that several new games, including Car Loops and Line Runner, will be added to the Hashbattle arena soon. By playing these games, players earn rewards, which are facilitated by the Stratis blockchain

This is added to Hashbattle’s already fun-packed portfolio, which includes games like Cops Clash, Hurdle Hop, Tunnel Trouble and Counting Snakes. Get playing now to earn for yourself!

Corgi Dash has had their third SDA proposal approved

Congratulations to Corgi Dash on getting their third SDA proposal approved. Corgi Dash is an action-packed play-to-earn game on the Stratis blockchain. The game sees players attempt to make the dash to the apex of the Corgi House.

We look forward to seeing the funds used to improve the game further.

 

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