Stratis, an enterprise grade layer-1 blockchain platform, will make an announcement today, November 24, with additional information about the planned launch of StratisEVM on Ethereum and the token swap from STRAX to STRAT.
The platform revealed the plans via its social media account X, with just over a month having passed since it shared details of the new blockchain. STRAX rose after Thursday’s release, trading to a high of $1.22, its highest level since June 2022. At the time of writing, STRAX/USD has increased by 15% in the last 24 hours.
StratisEVM will run on $STRAT as the base token of the Ethereum-based proof-of-stake (PoS) ecosystem. The new network is optimized for other solutions, including gaming and DeFi, the team said in a blog post. Thus, the current Stratis STRAX token will be exchanged at a ratio of 1:10 — that is 1 STRAX for 10 STRAT. The team expects that the inflation rate will remain unchanged, and a percentage of the reward for each block will go to the reward pool of the platform’s masternode operator.
Image: Blockchain News
Read the full article here