Stratis is a Blockchain-as-a-service (BaaS) platform designed to help businesses of all sizes set up specific, private Blockchain applications easily, without the need to know much about blockchain programming. Stratis offers several products and services for businesses, including launching private sidechains, running full nodes, developing and deploying smart contracts, building ICO platforms, digital wallets, and more identity verification applications.

Stratis’ solution simplifies business operations and allows these organizations to develop their blockchain applications easily and quickly with no input costs. In addition to building the platform, Stratis also provides businesses with consulting services on blockchain technology, smart contracts, and decentralized applications.

Stratis token (STRAX) is a utility token of the Stratis ecosystem, operating on the Ethereum platform according to ERC20 standards and used for the following purposes:

• Used as a means of payment for activities, services, and products within the network.
• Used to pay transaction fees within the network.
• Used to reward stakeholders for ensuring the security and speed of the network.