Important crypto news for Stratis, the highly decentralized blockchain development platform whose STRAX token has seen a +35% price increase in the past 24 hours.
What is happening to the price of the Stratis (STRAX) crypto?
As anticipated, Stratis is a highly decentralized blockchain development platform, which was created to enable Microsoft developers to develop blockchain solutions in a simple and intuitive language.
In addition, Stratis’ architecture is based on Bitcoin, the most secure blockchain to date. Combined with Stratis’ implementation of Proof-of-Stake, the blockchain produces a low carbon footprint through energy-efficient blockchain production.
Based on the latest data, it appears that the price of Stratis (STRAX) has been performing well in recent days, specifically marking a +35% in 24 hours. Specifically, the current price of STRAX is €0.5595423 per (STRAX / EUR), with a market capitalization of €82.59M EUR.
In addition, the trading volume in 24 hours is €354.53M EUR. However, although the crypto has been performing well in recent hours, it now appears to be down -3.12%. In any case, this is not the first time the crypto has marked a significant price increase.
In fact, as early as last June, Stratis gained over +200% after the announcement of the Sky Dream Mall metaverse and stablecoin. At the time, TradingView data showed that after touching a low of $0.365 on 15 June, STRAX’s price had risen 220% to reach a daily high of $1.20 on 29 June during a 24-hour surge in trading volume.
Sky Dream Mall: the metaverse powered by Stratis (STRAX) crypto
Sky Dream Mall is a metaverse project, announced in June, powered by the Stratis blockchain. In particular, the protocol has seen growth within its non-fungible token (NFT) and GameFi communities, thanks to projects such as Astroverse Club and Trivia Legends.
Sky Dream Mall, a metaverse powered by Stratis Blockchain Coming soon! #metaverse #metaverseland #nftcommunity #nftartwork #vaperwave #stratis #Cryptocurency
.@StratisphereNFT .@stratisplatform .@Stratis_Faction pic.twitter.com/TpmhGDpKvz
— My XR World (@MyXRWorld) June 25, 2022
As we know, the Metaverse was one of the hottest topics during the bullish 2021 market, and the concept continues to be a driving force behind mass adoption in the crypto space to this day.
In addition, along with growth on the Metaverse front, Stratis could also receive a boost from its plan to launch a Great British Pound Token (GBPT) stablecoin.
The GBPT stablecoin was developed in collaboration with Price Waterhouse Coopers (PwC), which is helping Stratis complete the Financial Conduct Authority (FCA) registration process.
PwC will also provide future auditing services when the GBPT stablecoin is finally released. The team is also working on a ticket management system that will allow NFTs to be used to validate entry and store benefits for designated events and locations.
Stratis: all the features of the blockchain
In addition to the above, there are many other features of the Stratis (STRAX) blockchain. For example, we see that the Stratis platform provides a feature-rich toolset, lowering the barrier to entry for new developers to learn blockchain concepts with code examples and reference implementations.
Not only that, the ecosystem does not focus exclusively on developers: STRAX token holders can benefit from the Stratis ecosystem by staking and implementing Masternode.
In addition, smart contracts in C avoid the “bloat” that occurs when running a significant number of them on a single blockchain. The main blockchain is also protected from the impact of any negative effects caused by a smart contract.
Furthermore, more than $10 million has been dedicated to a decentralized accelerator, enabling projects to be launched with blockchain-based funding. The SDA is managed in a fully decentralized manner through on-chain governance.
Finally, the STRAX token powers Stratis Blockchain Technologies and can be used as a value transfer vehicle and is leveraged for Smart Contract execution. The STRAX token is available on popular exchanges, such as Binance, Crypto.com, and Upbit.