Category

Announcement

The launch of wSTRAX

Stratis InterFlux now fully supports the Ethereum blockchain, enabling seamless transitions from the native STRAX Token to wSTRAX. The launch of the wSTRAX ERC-20 token on the Ethereum blockchain will coincide with a newly created liquidity pool on UniSwap between wSTRAX and ETH, enabling STRAX to take full advantage of UniSwaps automated liquidity protocol. Stratis has received confirmation of USD 150,000 being made available for the wSTRAX/ETH pool, allowing token holders to take immediate advantage of the UniSwap DEX. The wSTRAX token is not limited to UniSwap and can be leveraged, integrated and utilized on any DeFi solution or platform available on the Ethereum blockchain.
The two contracts controlling the issuance of wSTRAX on the Ethereum blockchain can be found below:

MultiSig Contract (Minting)

https://etherscan.io/address/0x14f768657135d3daafb45d242157055f1c9143f3

wSTRAX ERC-20 Contract

https://etherscan.io/token/0xa3c22370de5f9544f0c4de126b1e46ceadf0a51b
This process of transitioning from STRAX to wSTRAX is made seamless through integration into the latest STRAX Wallet offerings. Navigate to the send pane and select InterFlux as a destination to simply “swap” STRAX for wSTRAX in a trustless manner. Please be aware that there is a minimum STRAX Token amount enforced due to high fees on the Ethereum blockchain. 
This release is accompanied by the latest STRAX Wallet release, available for all major operating systems. Download links can be found on the wallet page.
Join Stratis’s ever-growing community to discuss the further advantages of the developments mentioned above and how the ‘wrapping’ of other blockchain tokens can benefit Stratis Blockchain Technologies.

The Stratis Interflux wSTRAX rollout on Ethereum has begun

Stratis is ecstatic to reveal that the wSTRAX (Wrapped STRAX) Token is now available on the Ethereum Blockchain! Wrapped tokens are a valuable source of liquidity and flexibility for blockchain interoperability. Over time, any network’s available throughput and general fee levels will fluctuate. Having wrapped tokens available on a separate blockchain network allows transacting to occur via alternate channels. Wrapped tokens also have access to the respective capabilities of the networks they exist on.
wSTRAX implements a wrapped token on the Ethereum network, leveraging the ubiquitous ERC-20 standard for token contracts. Each wSTRAX is equivalent in value to 1 STRAX. wSTRAX is created by the InterFlux MasterNodes collaboratively, rather than any single entity being responsible for minting the tokens. When a request is made to transfer STRAX to its wSTRAX equivalent on the Ethereum network, the transaction is autonomously detected and processed. Enabling the minting of required wSTRAX tokens and distribution handling to the respective Ethereum address to be undertaken seamlessly.
The deployment is made possible through the deployment of two contracts on the Ethereum Blockchain,

MultiSig Contract (Minting)

https://etherscan.io/address/0x14f768657135d3daafb45d242157055f1c9143f3

wSTRAX ERC-20 Contract

https://etherscan.io/token/0xa3c22370de5f9544f0c4de126b1e46ceadf0a51b
This process is made seamless through integration into the latest STRAX Wallet offerings. Simply navigate to the send pane and select InterFlux as a destination to simply swap STRAX for wSTRAX in a trustless manner.
 

The wallet will become publicly available once the required amount of InterFlux Masternodes become available to process requests to the Ethereum Blockchain. The codebase for the InterFlux functionality is now complete and can be viewed on our GitHub Project page here.

Stratis InterFlux – Ethereum Interoperability

We are pleased to announce that we have now extended the blockchain support for Stratis InterFlux to include Ethereum. Opening the door to many more use-cases and enabling Stratis Technologies to leverage deployed use-cases and products on the Ethereum blockchain.

Wrapped STRAX

The initial version of Stratis InterFlux includes the ability to transact with a wrapped STRAX token on the Ethereum network.
For this to be accomplished, the corresponding STRAX is secured by the Federation MultiSig for the lifetime of the wSTRAX token.
Token lifecycle:

  1. Conversion transaction received as a cross-chain transfer from the STRAX blockchain.
  2. The MultiSig masternodes detect receipt of this transaction
  3. One of the MultiSig nodes submits a token minting request transaction to the Ethereum MultiSig wallet contract and signs it
  4. A quorum of the other MultiSig nodes sign this transaction
  5. When the transaction is sufficiently signed the minting request is submitted to the ERC20 contract, which creates new wSTRAX tokens and allocates them to the account specified in the conversion transaction
  6. The wSTRAX ERC20 token can be transacted with as normal by ordinary Ethereum wallets and accounts
  7. Conversion from wSTRAX back into CRS or STRAX is accomplished by submitting a burn request to the ERC20 contract for the desired amount, specifying the target Cirrus address
  8. The MultiSig nodes detect the burn request on the Ethereum network and release the corresponding funds from the MultiSig wallet to the target address

It should be noted that the system as described ensures that every wSTRAX token is backed by its equivalent value. In other words, there can’t be more wSTRAX in existence than the funds in the MultiSig wallet.

In the future, CRS will be convertible to wSTRAX via a conversion contract on the Cirrus network.

Proposed Architecture Overview

To allow blockchain interoperability between networks, a mechanism is required for bridging the networks. At a high level, the InterFlux architecture will consist of multiple gateways that interface with a node on both interoperating networks.

The gateways listen for interoperability requests initiated against the interop contracts on each network. For example, suppose an Ethereum node needs to invoke a Cirrus smart contract method. In that case, it sends a transaction to the Ethereum interop contract with the details of the invocation (e.g. Cirrus contract address, method name, parameters).
Once the invocation request is received, one of the masternodes actions a transaction on the opposite network. If there are any applicable return values, these are stored in the transaction receipts. The gateway then makes a further transaction on the original network to store the interoperability request results.
The Stratis InterFlux source is now available via Stratis’ GitHub page, found here. Testing will continue with existing Cirrus Sidechain Masternodes in a lead up to wSTRAX going live on the Ethereum Blockchain, two weeks from now.

Stratis Cold-Staking

Staking is essential to the Proof of Stake consensus mechanism used on the STRAX Blockchain. Blocks are verified and mined by network participants who are willing to set aside a portion of their tokens, effectively freezing them so they cannot be spent. In return, these participants are granted the right to verify transactions and earn bonuses paid in tokens. The larger the number of tokens a participant is willing to stake, the greater the chance they will be selected to mine the next block and earn the associated reward.
While tokens are being staked, they are frozen in a wallet. If the wallet is connected to the blockchain network, it is referred to as a hot wallet. Such an arrangement incurs a level of risk as the wallet is effectively exposed to the internet and therefore susceptible to attack. Conversely, if the wallet stores tokens offline (as is possible in the Stratis wallet, a hardware wallet, or even a paper wallet), it is known as a cold wallet and the staking process is referred to as “Cold Staking”. Cold Staking is inherently safer than staking in a hot wallet since tokens are not susceptible to online attacks while held in an offline wallet.
Cold-Staking has been activated on the STRAX Blockchain since its inception. However, relevant changes have now been made within the STRAX Wallet, enabling Cold-Staking configurations to be set up with relative ease.
This release includes a later release of the STRAX Wallet and an accompanying document that details the steps required to configure Cold-Staking securely while also detailing how to withdraw from your Cold-Staking setup.
 

STRAX Wallet Release Page

 

Cold-Staking Setup Guide

 

STRAX Sidechain Masternodes – Dynamic Membership

The STRAX Initiative introduced benefits not only to the STRAX Blockchain but also, to the Cirrus Sidechain, as defined in the Introducing STRAX blogpost. A new incentivization was introduced for Cirrus Sidechain Masternodes; achieved through the distribution of 9 STRAX, every block, to every active Masternode on the Cirrus Sidechain.
Feedback regarding the new incentivization rewards has been phenomenal, and as such, it is now time to enable the Dynamic Membership feature. The introduction of Dynamic Membership has many benefits, first and foremost, by allowing ‘anyone’ to join the Cirrus Sidechain as an acting Masternode, block production inherently becomes more distributed. In addition, the Auto-Kicking feature ensures consistent Block Times, which is essential for businesses and projects, deploying solutions on the Cirrus Sidechain.
As previously mentioned, Dynamic Membership enables anyone to join the Cirrus Sidechain as a Masternode Operator; however, to be accepted, you must meet a collateral requirement of 100,000 STRAX. This collateral requirement was defined by a community vote, performed by the Stratis Token holder community. Sidechain Masternode operators are also encouraged to stake their collateral, providing additional distributed staking weight on the STRAX Blockchain.
We have set out to make the joining process as straightforward as possible, to aid the process, a document and script have been created to assist with the setup.

STRAX Sidechain Masternode Registration Guide

It is exciting times for the Stratis Platform, with the successful launch of the STRAX Blockchain, the subsequent integration with the Cirrus Sidechain and now the enablement of Dynamic Membership. Rest assured that there is still more yet to come!
As always we encourage you to join our Discord Server to liaise with the community and receive support for any questions or concerns you may have.

STRAX Token Swap Process

As the initial Token Swap window has now come to a close, as highlighted in our original announcement, Stratis can now only be exchanged via a new Token Swap process. Two documents have been created to support STRAT Token Holders in performing the Token Swap.
A high-level summary of the process can be found below.

    1. Install STRAX Wallet and generate an address
    2. Run Stratis Address Ownership Tool
    3. Provide the Tool with Wallet Detail and new STRAX Address
    4. Upload the produced CSV

The Address Ownership Tool obtains a list of addresses, associated with your wallet and creates a unique signature. This signature is signed using your wallet, providing unequivocal proof that you are the owner of the provided address. All relevant detail is saved to a CSV file that you must upload using this page. STRAT Token addresses are then queried for their balance at the time of the snapshot, taken at 9AM on the 12th November 2020.
If you haven’t already, download the STRAX Wallet and create your new STRAX Wallet and retrieve an address. You can then review and follow the steps outlined in the below document, relevant to the wallet you have that contains Stratis Tokens.
STRAX Token Swap – Manual Token Swap (Windows)
STRAX Token Swap – Manual Token Swap (MacOS)
If you have any concerns or require some support when completing the swap, please join our Discord Server and head into the Support channel!

STRAX Token Swap Update

Firstly, the Stratis team would like to thank the community for their amazing patience and support over the last few weeks. We are pleased to announce multiple exchange support for the upcoming swap.
The following exchanges will be supporting the swap:

Binance

https://www.binance.com/en/support/announcement/1937b7781c5043efa66c07141be3bdc2

Bithumb

https://cafe.bithumb.com/view/board-contents/1641246

UpBit

https://upbit.com/service_center/notice?id=1567

Wazirx

https://support.wazirx.com/hc/en-us/articles/900004356383

HitBTC

https://twitter.com/hitbtc/status/1324721923582947329?s=21

Bittrex

https://bittrex.zendesk.com/hc/en-us/articles/360051949552-Bittrex-support-for-the-Stratis-STRAT-token-swap-and-ticker-change-to-STRAX

Crypto.com

https://blog.crypto.com/crypto-com-supports-the-stratis-token-swap-to-strax/

Staking Services

Stakecube

https://stakecube.info/strat-to-strax-swap/

Withdrawal Notices

Users have been advised to withdraw their STRAT tokens from below exchanges before the 12th of November 2020. The two exchanges that will not be supporting the STRAX Swap are as follows:

Livecoin

https://www.livecoin.net/en/news/list

Poloniex

https://support.poloniex.com/hc/en-us/articles/360058400013-Stratis-Blockchain-Migration-Delisting-FAQ

Ledger  

Ledger has officially announced they will stop supporting the STRAT token from the 15th of October 2021.
https://www.ledger.com/stratis-token-migration
There is no deadline on the STRAX integration with Ledger at this time; however, we look forward to working with the Ledger team to bring STRAX support to Ledger Live.
It must be noted that Cold Staking will be activated once the STRAX Mainnet is live.

STRAX Giveaway

To celebrate the successful launch of the STRAX Token, we will be giving away 20,000 STRAX! More details, including how to participate, will be revealed next week.

STRAX Token Swap Deadline

The deadline for initial Token Swap window ends at 9 AM GMT on the 12th of November 2020. Further detail regarding the Token Swap can be found in the link below:
https://www.stratisplatform.com/2020/10/15/strax-token-swap/
Be sure to swap before 9 AM on the 12th of November to receive your STRAX Tokens on Day 1!

Masternode Collateral Vote

The time has come to cast your vote for the new collateral amount required to be eligible as a Cirrus Sidechain Masternode. As mentioned in our introduction to STRAX, we highlighted the addition of Dynamic Membership, which enables anyone to join the Cirrus Sidechain as a Masternode, providing they meet the defined criteria.
For those that have not been keeping up-to-date with the recent developments, in regards to the upcoming STRAX Blockchain; Cirrus Sidechain Masternodes will receive a share of 9 CIRRUS (equivalent to 9 STRAX) for every block produced on the STRAX Mainnet. To put that into context, every month, on average, Cirrus Sidechain Masternodes will receive a portion of over 525,000 STRAX split between all active participants.
Existing Masternodes will automatically vote in approval for those who meet the defined criteria, providing an environment that can grow without restriction or be manipulated by members not participating in voting in favour of those wishing to become a Masternode.
A vote, similar to that of the STRAX Token Proposal is now made possible by a newly released version of the Stratis Core Wallet. This version of the Stratis Core Wallet provides you with the ability to vote for a collateral amount that you want to be enforced by selecting your preferred amount, as seen below.

There are 5 options to select from, simply select the amount you wish to be determined as the collateral amount required to join the Cirrus Sidechain as a Masternode and click the Vote button. You can continue to perform the Token Swap after voting for your preferred option, swapped Token Balances will still count towards the voting weight. If your token balance changes for any reason other than participating in the Token Swap, your voting weight will be affected.
The voting period will last for one week and will conclude at the block closest to 5 PM GMT on the 30th October 2020. At that time, the weight of casted votes will be calculated to determine the chosen collateral amount defined for Dynamic Membership.
Be sure to cast your vote and have your say, every vote counts!

Stratis Core Wallet 2.2.1

Windows x64
Windows x86
OS X
Linux (DEB)
Linux (TAR)
The installation media is also available as GitHub Release.

Token Swap FAQ

As the voting has now ended the next stage is the Token Swap process from STRAT to STRAX. We have received several questions we would like to address in this short FAQ.
 

When is the STRAX swap window?

The Strax Swap window is from the 15th of October 2020 until the 12th of November 2020 at 9 AM GMT.
To be eligible to receive STRAX Tokens on day one you will require to perform the token swap during this period.

Will there be an additional participation window to complete the swap?

Correct. An additional participation window will exist until the 15th of October 2021 at 5 PM GMT.
Token Swap requests during this period will be subject to a manual validation process.
Please note: Token Swaps made after the initial Token Swap window will be based upon a snapshot taken at 9AM on the 12th of November 2020. Any balance acquired after the snapshot will not be accepted in the Token Swap.

Will STRAX tokens be burned?

Correct. STRAX Tokens that remain unclaimed will be irreversibly destroyed on the 16th of October 2021.

I have tokens on Cirrus, Do they require to be swapped during the first participation window?

No, the tokens on cirrus can be swapped from Cirrus to STRAX once the STRAX blockchain is live.

When will a Block explorer be available on the STRAX blockchain?

On the 12th of November once the STRAX Mainnet is live.

How many STRAX will I receive?

STRAX are distributed on a 1:1 basis. 1 STRAT can be swapped for 1 STRAX.

Once I have swapped, when do I receive my STRAX Tokens?

On the 12th of November once the STRAX Mainnet is live.

Will STRAX have exchange support?

We are in contact with several exchanges. Those who are in support of the Token Swap will make their announcements and define their preferred processes.

What will happen to the name “Stratis” on exchanges?

The name Stratis will stay the same. Only the token ticker will change from STRAT to STRAX.
 

What happens if there are unclaimed balances after the swap window has passed?

STRAX Tokens that remain unclaimed will be irreversibly destroyed on the 16th of October 2021.
 

Where can I find a guide on how to swap my tokens?

The simple steps can be found here: https://www.stratisplatform.com/2020/10/15/strax-token-swap/.

How to find out how many STRAT has been swapped to STRAX till date?

The current Token Swap progress can viewed by running the Extraction Tool: https://github.com/stratisproject/StratisFullNode/blob/master/src/SwapExtractionTool/README.md

Please show an example of a swap transaction?

https://chainz.cryptoid.info/strat/tx.dws?f38158dd941882ee9d9bf70c19e52a9f36bcf74b6e1a354c664bb327f0ffcf54.htm
The ‘Raw transaction’ you will see that the exact amount of STRAT is added as the value on the vote of an OP_RETURN script. Look up OP_RETURN burn you will see that it is a legitimate way of making coins unspendable which leads to burning them.
 

When will STRAX trading markets be live?

 This will be announced by the respective Exchanges who support the Token Swap.

Can I still stake STRAT till the last day of he swap first participation windows?

 Yes, but you will require to swap from STRAT to STRAX before the 12th of November 2020 at 9 AM GMT to be eligible to receive STRAX from day one.

Why doesn’t my STRAX wallet sync?

The STRAX Mainnet is not operational until the 12th of November 2020.
 

After I have performed the swap, why haven’t I received my STRAX?

 You will receive the STRAX tokens once STRAX Mainnet is operational on the 12th of November.

Which blockchain enhancements will be integrated when STRAX Mainnet is live?

  • Block Reward Stake increase
  • Block Time Reduction
  • Chain Transactions
  • Cold Staking
  • Dynamic Membership
  • Removal of StratisX Legacy nodes
  • SegWit Activation
  • Sidechain Incentivization
  • Time reduction in Cross-Chain Transfers

 

Where can I receive additional support?

For further technical support on the swap procedure, you can join our support channel on Discord at https://discord.com/invite/9tDyfZs where we have personnel standing by to assist you.

As always, we would like to thank our community for their continued support.

STRAX Token Swap

The STRAX Token Proposal vote has now come to a close, resulting in a vast amount of token holders voting in favour of the STRAX proposition. You can find a summary of the final vote statistics below.

Total Weight: 7907384.1935404 STRAT
Total No Weight: 2.46% [194185.77115927]
Total Yes Weight: 97.54% [7713198.42238113]

We are now progressing with the Token Swap and are now able to detail the process further and publicize dates that the token swap will commence. We must clarify that the STRAX Token will supersede the existing STRAT Token. As such, all future development activity will be undertaken against the STRAX Blockchain on the StratisFullNode codebase.
Significant effort has gone into both the development and acceptance testing to ensure the Token Swap process is as smooth and seamless as possible. Rest assured that we have spent a great deal of time assessing the Token Swap procedure, ensuring that the end result brings the most benefit to the Stratis ecosystem.
The Token Swap process is just the beginning for the vision we have for the STRAX Blockchain. As mentioned in our previous announcement; no longer are we constrained by legacy codebase clients maintaining the network, allowing innovations and new feature integration to be achieved much more efficiently. Furthermore, the revised tokenomic structure and dynamic masternode membership will provide further incentive for token holders to participate in securing the network, further increasing levels of decentralization.

For further clarity, please refer to the below Token Release Schedule for the STRAX Token.



We must highlight that the above charts reflect the assumption that all STRAT Tokens are swapped for STRAX Tokens. STRAX Tokens that remain in the Token Swap Allocation will be burned after participation windows close.
Third-party services that are utilizing the STRAT Token are actively being encouraged to supersede any support of the STRAT Token for the STRAX Token at the end of the initial Token Swap period. If you are a service provider and have any questions or have not been contacted, please reach out to us via our Discord Server or at [email protected].

Swap Process

As the initial Token Swap window has now come to a close, please follow the updated STRAX Token Swap process, found here.

Participation Windows

The STRAX Token Swap window be available until 5PM GMT on the 15th October 2021. Token Swap requests submitted during this period will be subject to a defined process. A detailed process guide for requesting a Token Swap after the STRAX Token Swap window will be released in due course.
The remaining Token Balance within the Token Swap Fund will be irreversibly burned on the 16th October 2021.

Token Distribution

STRAX distribution will be performed by an automated script that will be executed on 12th of November 2020 crediting those who have participated in the initial Token Swap period
Token Swap requests after the initial Token Swap period (NOW (15th October 2020) until 9 AM GMT on 12th November 2020) will be subject to an additional defined manual process to prove ownership of funds instead process defined above.

Exchange Support

We are happy to announce that the Token Swap will be supported by several exchanges. Announcements from the respective exchanges that are supporting the Token Swap will become available in due course, highlighting any deposit and withdrawal freezes of the STRAT Token.

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