Bitvavo will support the Stratis (STRAX) token swap

Bitvavo is going to swap the Stratis (STRAX) token soon. UPDATE: The swap scheduled for March 27th will take place at a later stage, the estimated swap date is now 9th April. We will provide a further update if this timeline changes.

How does it work?

Bitvavo will handle the swap of your STRAX balance on your behalf, you don't need to take any action. The token swap is a crucial step in the transition from the STRAX Blockchain to the new Ethereum-based StratisEVM ecosystem. Read more about it here.

We will swap the token for the ratio of 1 old STRAX : 10 new STRAX. 

This is our timeline:

• Starting from March 18th at 14:00 CET, trading in STRAX will be halted.

• From March 18th at 17:00 CET, deposits and withdrawals of STRAX will no longer be supported.

• The swap scheduled for March 27th will take place at a later stage, the estimated swap date is now April 9th.

What is Stratis (STRAX)?

The Stratis (STRAX) Blockchain-as-a-Service (BaaS) platform aims to serve financial institutions and corporations. They do this by facilitating the creation, testing, and implementation of blockchain technologies without the complexities and security risks associated with managing independent networks. Stratis introduces the concept of allowing organizations to establish controlled, private sidechains that connect with its central blockchain. This feature enables the deployment of decentralized applications, the initiation of smart contracts, and the use of advanced privacy and authentication mechanisms. According to its whitepaper, Stratis’ methodology empowers businesses to tailor their blockchain solutions extensively, offering an alternative to the constraints encountered when adopting mainstream blockchains like Bitcoin or Ethereum.

If you have any questions regarding this swap, please contact our support team at [email protected].