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.

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.

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_/

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