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.
As promised, this blog will provide a sneak peek into the development of some exciting technology that Stratis will be delivering in the coming weeks.
A significant focus on gaming has seen Stratis invest time in developing reference game examples, utilizing their Unity Gaming SDK and various Stratis Smart Contracts in C#. Continuing in the gaming sector, Stratis has also targeted the Unreal Engine, producing an SDK akin to what they have already successfully delivered for the Unity Gaming Engine. This approach spreads the reach of Stratis and enables the engagement of another significant gaming development community. This demonstrates the power of the platform whilst highlighting its readiness for mass adoption.
In addition to the focus within the gaming industry, this blog will also provide an update on the launch of the upcoming NFT Marketplace and will touch on the exciting GBPT Stablecoin.
Stratis Unity Reference Games
To enable the continued adoption of Stratis Technologies, Stratis understands that there must be open-source examples that provide a valuable foundation for developers and projects who are new to the Stratis Platform. This ethos has resulted in Stratis dedicating resources to developing two games that will be licensed under the MIT Open Source license.
Red Runner is a 2D Mario-like runner game where the player has to run as long as possible, collecting coins before dying. All accumulated coins are saved between runs.
A player is rewarded with RRT (RedRunnerToken) Tokens for setting records such as most coins or longest run. In addition to earning tokens, NFTs can be minted too when reaching milestones within the game. Red Runner, with Stratis Blockchain integration will be available next week!
NFT Knives is an exciting endless one-touch game. You touch the screen to force up the knife to destroy the wood target, avoid other knives and obstacles, collect coins to mint new blades and fight bosses. The game is nearing completion and is set for release next week!
Stratis NFT Marketplace
The Stratis NFT Marketplace is a genuinely critical part of the puzzle for the Stratis Ecosystem. As more games come to the platform, there is a need for such items to be traded and created. Enter the Stratis NFT Marketplace. Stratis will be providing the first and only platform within the industry to offer zero fees. Many other NFT Marketplaces charge final value fees similar to eBay; however, with the Stratis Platform, all proceeds are received by the seller, minus any encoded royalties for content creators, of course.
Stratis’ InterFlux technology will also be integrated into the platform, offering full ERC721 support, enabling the seamless transfer of NFTs between the Stratis and Ethereum blockchains. This crucial development will allow popular NFTs, such as the CryptoPunks, to be transferred onto Stratis Blockchain(s) for a zero-fee exchange within the Stratis NFT Marketplace.
With the introduction of zero fees and low minting and exchange fees, equivalent to 99% cheaper than the prices seen on Ethereum, Stratis is confident that the platform will be a success. Stratis are already in talks with well-known and established artists and celebrities interested in creating and publishing a collection on the Stratis NFT Marketplace.
The NFT Marketplace is set for an initial release on the week commencing 8th November 2021.
Stratis Unreal Gaming SDK
The Unreal Engine is the gaming engine that sits behind some of the worlds most popular games, such as; Fortnite, Borderlands, Gears of War and the BioShock series. The Unreal Engine relies upon the C++ programming language.
The SDK, similar to the successful Stratis Unity Gaming SDK, provides the ability to transfer coins, send OP_RETURN transactions, interact with Standard Token Smart Contract (SRC20) and NFT Smart Contracts (SRC721) via high-level API, as well as with other smart contracts via low-level (transaction-level) API.
The delivery of the Stratis Unreal Gaming SDK will open the door to a new community of developers. Stratis looks forward to uptake in developer engagement through the release and expects an increase in proposals to the Stratis Decentralized Accelerator. The Unreal Gaming SDK will be unveiled on the week commencing 1st November 2021.
GBPT Stablecoin Update
Stratis continues to progress with its legal and accountancy counsel to build a regulated framework for a stablecoin offering. Stratis is not interested in working around regulatory requirements and is committed to working with regulatory bodies to create a blueprint for stablecoin issuance.
From a technical standpoint, Stratis already has the technology to issue a GBPT Stablecoin. Stratis’ completed development state and early engagement with one of the “big four” places Stratis in an excellent position. Stratis’ engagement and in-depth blockchain knowledge are being utilized to build the framework that will be used in years to come when others look to issue a regulated stablecoin.
It’s clear to see that Stratis is making fantastic progress in all areas, especially within the gaming industry. The delivery of additional Gaming SDKs, reference implementations, an NFT Marketplace and the promise of a regulated stablecoin places Stratis in a fantastic position to reach new heights. Stratis continues to attract business through its uniquely genuine use of Microsoft’s .NET Core Framework. The future is bright.
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Stratis is pleased to announce the launch of the Stratis Mobile Wallet.
The Stratis Mobile Wallet allows you to transfer, receive and store Stratis directly on your mobile device. You can effortlessly send or receive funds by scanning a QR code or sharing your address.
You can import and manage multiple wallets and private keys, and secure these with your biometrics or a PIN. It is based upon the popular and trusted Copay wallet and Bitcore services, used by hundreds of thousands to manage their cryptocurrencies.
Currently, the Stratis Mobile Wallet is only available on Android devices, however, we are currently going through the approval process with Apple and the Google Play Store to ensure the Stratis Mobile Wallet is available through the common application installation methods.
We are very keen to continue the development of the Stratis Mobile Wallet to incorporate more features and leverage features of the Stratis Platform. As an example, expect to see both Token Support for the Cirrus Sidechain and Cold-Staking support.
Further updates will be provided once the Stratis Mobile Wallet has gone through the various phases to become listed on the respective application stores.
The Stratis Mobile Wallet can be downloaded using the following link. Stratis Mobile Wallet
The Stratis STO platform is now ready to be utilised and deployed to conduct Security Token Offerings. It has been built through regular dialogue with clients that are engaging with the U.S. Securities and Exchange Commission (SEC) guidelines, ensuring it is compliant with SEC regulations. It conforms with both Know Your Customer (KYC) and Anti Money Laundering (AML) laws and has undergone rigorous testing in order to ensure it meets all legal requirements for hosting an STO. These requirements are regularly updated and we will continue to modify its platform as required.
The platform is an adaptation of the existing Initial Coin Offering (ICO) platform and includes additional legal features to ensure it is suitable for security token issuance. It allows companies and organisations to run a secure and flexible web-based application on the Stratis blockchain to issue tokens to investors. The STO platform has been built using C# and the .NET Core, the most popular enterprise programming language on the most widely-used enterprise framework, making it easily accessible for businesses and developers.
Key features of the STO platform include: Real-time pricing
The platform accepts payment in both fiat currency (USD) and cryptocurrency (BTC and STRAT). It uses currency data from multiple providers to ensure that STO participants benefit from real-time token pricing. ID-based token issuance
The platform creates unique user IDs that allow the STO administrator to reliably and securely accredit tokens once an individual makes a wire transfer. This ID-based system ensures compliance with KYC and AML laws. Wallet-based platform for added security
Stratis utilises hierarchical deterministic wallets rather than autonomous smart contracts to add an additional layer of authority and security.
While building the STO platform, we have been working closely with our partner Gluon, a platform that establishes an interconnected network of vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain. We have been assisting Gluon with fulfilling all its legal requirements to register its GLU token with the SEC. Gluon is now in the later stages of the registration procedure and is expected to become the first company to issue a security token on the Stratis platform next year.
Stratis CEO, Chris Trew, said:
“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap. The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs. Our STO Platform is highly secure, flexible and scalable, making it easy for businesses of any size to raise money through the tokenisation of their assets.”