" Why invest?
Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain.
Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins. "
Does this work like Ethereum gas? The more and popular the services, the more fuel needed? Let me apologize ahead of time, I'm doing my best to wrap my head arouns the tech as well as understanding the roi.
Hi TravelsAsia,
Its no problem at all, your probably helping answer other people questions.
That correct, Stratis tokens will power many aspects of the Stratis Platform.
I cannot share to many details regarding the low level architecture at this time, but I can tell you that the standard private chains will require Stratis tokens to be 'locked' as part of the 2 way peg to private chains. Stratis tokens will also be the currency utilized to pay transaction fees to miners. When we migrate to POS Stratis tokens will be used to secure the Stratis chain and the private chains.
The Blockchain-as-a-Service platform will be also be fueled by Stratis tokens, users will be able to deposit digital currencies or pay via paypal and Fiat to 'credit' their account with Stratis tokens to fuel their node.
Our fiat gateway technology will also charge a fee in Stratis, but note there will most likely be a fee on the fiat side also. This will be one of the centralized components of the Stratis Platform, but its the only way to have Fiat gateways and be compliant with the various regulations involved.
I'm following along just fine now, also re-read the white paper.
I noticed you and mxxxxxx were heavily involved, at least posting, with the [Fibre] project, does this project have any crossover?
Reading through the ICO schedule, you mention a Stratis Beta. When is that releases in relation the ICO timing? Is there a cooloff period between the last day of the ICO and the wallet to begin trading? I understand the full node framework is at the end of the year at the earliest.
Once the ICO ends, can you give a little more detail on next steps? Besides viral exchange, do you plan to secure other agreements with Exchanges similar to Lisk?
I'm already prepared to early invest, I'm just now trying to guage the level. I appreciate your responses.
