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Coins to Invest In 2018: Stratis (STRAT) and Its Sidechains

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Stratis

Although Stratis has received some criticism from the users in the past few months, the features of the crypto coin are worth investing in it. In fact, the development team recently issued a statement saying that they are currently focusing on the marketing aspect signals that the coin is preparing for future.

Stratis was initially designed as Blockchain-as-a-service platform (Baas) and its objective was to provide logical solutions to companies and institutions that want to benefit from blockchain technology. They can customize the blockchain applications by adding new features. The private blockchains or sidechains customized by the clients have a secured backing of the main Stratis blockchain.

APIs and lite clients are the ways to access these distinct sidechains. This means that there are no such complications and costs in developing and maintaining network infrastructure for the private blockchain applications. Furthermore, the developers can also add advantageous features from blockchains like Ethereum and Waves to the captive sidechains.

Stratis ICO

During the ICO phase of Stratis, the company had raised 915 Bitcoin whose value currently is near around $675 thousand. After the launch of the Stratis tokens (STRAT), they have shown a massive growth on the price charts (705%). At the beginning of the ICO, the investors in Stratis had enjoyed a bonus of 20%. Statistics say that approximately 98 million coins were distributed after the ICO phase. 85.7% of the STRAT were distributed among the ICO investors and the rest remained with the core team for development in future.

Sidechains and Smart Contracts

Sidechain is the best feature of Stratis blockchain undoubtedly. It is noteworthy that Bitcoin’s attempt to implement sidechains was a complete failure. Ethereum, in this case, is one step ahead of Bitcoin and offers smart contracts to build multiple applications on the main blockchain. But, Stratis was the ‘first’ to offer sidechains or private blockchains to their clients. This allows the clients the flexibility and independence to develop their blockchain as per their requirement. This is just one reason to invest in the crypto coin.

Stratis Platform

Stratis is associated with the Stratum platform and the link is required for developing and fuelling the sidechains. This way the captive blockchains or sidechains are compatible with the transfers between the two chains. As Stratis was created with the popular language C#, a large number of people belonging to the software industry can build a wide variety of secure applications using the Stratis blockchain. One big problem faced by Ethereum was Solidity. It is complex and a comparatively new language and not every developer has the knowledge. Therefore, the companies seeking the Ethereum blockchain did not always have the independence to add new features to the applications on their own.

Breeze Wallet and Masternodes

Breeze Wallet will prove to be a game changer for Stratis (after the criticism), as it the first wallet that has a built-in Tumblebit. After the launch of Breeze Wallet, it has become more fruitful to run a Stratis masternode according to the cryptocurrency developers. This is mainly due to the presence of Tumblebit. A masternode requires at least 250,000 Stratis coins to operate. This is one reason for the people having large volumes of Stratis coins to store their coins. Therefore, as more and more Stratis coins are occupied in the masternodes, the price of Stratis coins will automatically increase and the demand will also increase in future.

Stratis Market

Since its launch in the cryptocurrency market, the price of Stratis was below $1. In May 2017 there was a sudden rise, past $10. However, the price had fallen back to $2.41 later. Last week, the price of Stratis had traded up to 6.2%. The price of Stratis as of 6th March 2018 is approximately $7.62. It seems that Stratis is slowly but steadily moving forward.

https://coinmarketcap.com/currencies/stratis/

Stratis focuses more on the blockchain technology and its application in the corporate industry. Studying the experiences of the Bitcoin blockchain and Ethereum blockchain, Stratis developers have been giving shape to their blockchain. Thereby, the concept of sidechain and complete independence to their clients. Thus, the features of Stratis are worth following its movements in future.

We will be updating our subscribers as soon as we know more. For the latest updates on STRAT, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of tradingacademy.com

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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