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London-based blockchain startup Stratis announced on Wednesday the formal release of its production-ready initial coin offering (ICO) platform. The solution provides a user-friendly turnkey set of tools and components for teams undertaking an ICO and is completely fee free, according to the company.
“With this platform we’ve drastically improved the user experience for both ICO issuers and contributors. Today’s solutions tend to be either DIY, which comes with substantial security risks, or they charge a significant fee, but it doesn’t need to be this way,” said CEO of Stratis Chris Trew, in a statement.
The Stratis platform is highly-customizable and designed to adhere to the branding and layout of an ICO’s website. Know-your-customer (KYC) services are provided by Onfido and the platform accepts USD, BTC, STRAT, and over 50 additional cryptocurrencies via a collaboration with Changelly. It’s available for download on Github now.
Trew added, “At Stratis, we’re focused on making blockchain simple and accessible, which is why the core Stratis blockchain has been written completely from the ground up in the widely understood language of C# and the .NET framework. We want as many developers as possible to access the benefits of decentralized technology.
Two existing companies have already announced their intention to use the Stratis platform – Gluon, an automotive parts and software provider, which is creating an ‘Intelligent Connected Automotive Marketplace’, and Beyond Global Trade, which is launching an ICO focused on preventing counterfeit goods. Both organizations have begun the process of filing appropriate documents and seeking regulatory approval in their respective jurisdictions, said Stratis.
CEO of Gluon Sameer Misson stated, “The Stratis ICO platform is very simple to use, and we can specify the unique terms of sale and other customizations directly in the web interface. This means we’re free to focus on what really matters — building out our connected automotive marketplace.”
The price of STRAT has skyrocketed to $6 since, earning early investors who never sold it more than 80,000% in returns. The coin’s market cap currently sits at $592 million, making STRAT the 41st largest cryptocurrency out there. But Stratis, which describes itself as blockchain for the enterprise, has been fairly quiet since in those two years, which is a very long time in cryptocurrency world.
Not anymore. This month Stratis launched its ICO platform, which aims to make the process of both running and participating in an ICO simple and fool-proof. The company also has big plans for the future, as it aims to launch smart contracts on its blockchain later this month
The Stratis ICO Platform aims to streamline this by offering a sort of a “white label” solution for startups wishing to run an ICO. The platform offers design customization, the ability to accept funds in more than 50 cryptocurrencies and U.S. dollars, as well as an integrated KYC (know-your-customer) service (from partnering startup Onfido) for checking participants’ identities. The use of the platform is free, and two startups, Gluon and BeyondGlobalTrade, are already slated to use it for their upcoming ICOs.
Stratis also plans to expand its blockchain, whose main differentiator is that it allows to build native apps in commonly used C# and .NET programming environments, to allow for smart contracts. But the competition in the space is fierce: Well-funded startups such as Cardano and EOS are racing to create a next-generation smart contract platform.
To learn more about Stratis’ plans, I spoke, via Skype, to the company CEO, Christopher Trew.
“We’ve never done a serious marketing push until now,” Trew told me. “We’ve been extremely frugal with our funds”. These funds are considerable, as Stratis own a sizeable portion of its own tokens. Now, Trew and his team seem to be ready to tackle the largest projects in the space.
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