On May 9, 2018, Stratis announced the launch of its feature-driven ICO platform. Equipped with a customizable design that helps customers build a unique identity based on their brand, the platform accepts funds in different cryptocurrencies and also integrates with Onfido’s KYC service to ensure no instance of money laundering.
Aiming to Simplify The ICO Process
Launching an Initial Coin Offering (ICO) is not a simple process, and to overcome this problem, Stratis (STRAT) introduced its array of products in August 2016. The company describes itself as a Blockchain-as-a-Service (BaaS) platform and provides the necessary tools for small organizations to launch their own ICOs and blockchain-based apps.
The company calls itself as a platform that offers end-to-end development and testing of traditional C# blockchain apps that operate on the .net framework. Furthermore, the company provides a consulting service to guide entrepreneurs in developing the blockchain applications.
ICOs on The Click Of a Button
The newly-launched ICO platform enables users to create a customized ICO within minutes via the “Deploy to Azure” button. Some salient points of the platform, as listed on the official blog post, include:
1. A highly customizable design platform that conforms to and allows for a diverse range of branding as required by the customer.
2. Stratis has partnered with Changelly, which allows for native projects to be funded in USD, STRAT, BTC, and over fifty over cryptocurrencies.
3. Via Onfido, Anti-Money Laundering (AML) and Know-Your-Customer (KYC) services are integrated for use in the platform.
4. To give users a high degree of security, Stratis offers “hierarchical deterministic wallets,” that use a 12-word master seed keys.
5. Compared to the other fundraising methods, Stratis is a free ICO platform.
Speaking on the platform’s launch, Chris Trew, CEO of Stratis, said:
“With this platform we’ve drastically improved the user experience for both ICO issuers and contributors. Today’s ICO solutions tend to be either DIY, which comes with substantial security risks or they tend to charge a significant fee, but it doesn’t need to be this way. 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.”
The timeline for ICOs on the Stratis Platform can be broken down into three phases:
This initial stage revolves around setting up the web application. Users are notified the minute an ICO has been listed on the platform, along with the ICO’s start date.
The second stage involves the collection of all cryptocurrencies raised of a particular ICO, which can be tracked using a unique admin panel. After completion of this stage, customers are given a record of the buyers’ funds, to keep track of the number of tokens due to each buyer.
Token Distribution Phase:
Finally, all the buyers, who contributed to the ICO, received their tokens automatically, without manual intervention of the ICO’s admin.
As per KryptoCal, Stratis will be launching its first ICO on May 31, 2018. The project’s name is GLUON, which describes itself as an “Intelligently Connected Automotive Marketplace.”
All documentation and code pertaining to the Stratis Platform can be viewed here.