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:
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 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.
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.
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.
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!