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wstrax

Stratis InterFlux v2

Stratis’s interoperability solution, Stratis InterFlux, has become the first product under the Stratis Blockchain Technologies framework to incorporate Stratis’ Oracles feature. Through the introduction of Stratis’ Oracles, dynamic fee application has

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.

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