What is Stratis [New] (STRAX)?

TLDR Stratis (STRAX) is an Ethereum-based blockchain platform focused on gaming and DeFi, leveraging Ethereum’s ecosystem while introducing tailored solutions for developers and enterprises.

1. EVM Compatibility – Migrated to Ethereum’s tech stack for interoperability and mature tooling.
2. Gaming & Enterprise Focus – SDKs for Unreal/Unity and products like SolPlex (Play-to-Earn) and Ticketsphere (blockchain ticketing).
3. Hybrid Tokenomics – Combines staking, masternodes, and governance with a 1:10 token redenomination for scalability.

Deep Dive

1. Purpose & Technology

Stratis transitioned to StratisEVM, an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain, abandoning its original .NET-based architecture. This shift allows developers to use Ethereum’s established tools (e.g., MetaMask, Remix) while retaining features like masternodes and low-latency transactions. The platform plans a dedicated Layer-2 solution for gaming/DeFi, aiming to balance Ethereum’s liquidity with niche scalability (Stratis Blog).

2. Tokenomics & Governance

STRAX (now rebranded as STRAT post-swap) serves as the native token for:
- Gas fees and smart contract execution.
- Staking/Masternodes: Users lock tokens to secure the network and earn rewards (~28.93% APR).
- Governance: Community votes on upgrades, exemplified by the StratisEVM migration decision.
A 1:10 token redenomination increased supply to ~1.53B STRAT, optimizing microtransactions for gaming use cases.

3. Ecosystem & Use Cases

Stratis targets two verticals:
- Gaming: SDKs for Unreal/Unity engines, with titles like SolPlex (a strategy game distributing $50K in rewards) set for Epic Games Store.
- Enterprise: Solutions like Ticketsphere (event ticketing) and Stratis Money (payments). Partnerships with Travala and Binance Pay highlight real-world adoption.

Conclusion

Stratis [New] bridges Ethereum’s developer ecosystem with specialized infrastructure for gaming and enterprise, using a redesigned token model to incentivize participation. While its pivot to Ethereum aims to solve past adoption hurdles, can Stratis carve a niche against established gaming blockchains like Immutable X or Polygon?