Stratis is a Blockchain-as-a-Service (BaaS) platform that simplifies the process of building blockchains. Stratis allows companies to customize blockchains according to their business model and scale, from designing blockchain architectures to cryptographic algorithms and issuance rates, all with easy-to-use operations. It also enables the customization of sidechains. Stratis provides developers with a testing environment for Dapps and smart contract testing. Its slogan is to make developing blockchain applications easier.
The Stratis cryptographic token (STRAX) powers the Stratis platform, serves as a tool for value transfer in the Stratis ecosystem, and is used for the execution of smart contracts.