Stratis (STRAX) offers a scalable and energy-efficient Blockchain platform for businesses and developers using C# and .NET languages. Founded by Chris Trew in 2016 and operating on a PoS consensus mechanism, Stratis was launched with features such as sidechains and smart contracts. An integral part of the Stratis ecosystem, the STRAX token facilitates transactions and can be staked for network participation. In this article, you can find answers to two frequently asked questions: What is Stratis (STRAX) and how to buy Stratis (STRAX) with TRY.
What is Stratis (STRAX)?
Stratis is a decentralized Blockchain platform designed to simplify Blockchain development for businesses and developers. Using familiar programming languages like C# and .NET, Stratis provides a scalable and energy-efficient infrastructure based on Bitcoin’s architecture. The platform uses sidechains to enhance functionality and scalability, offering developers a versatile environment to create Blockchain solutions. Stratis supports various developer tools, SDKs, and APIs, making Blockchain development more accessible and efficient.
Founded by Chris Trew in 2016, Stratis aimed to facilitate the adoption of Blockchain by focusing on user-friendly development. The project conducted an Initial Coin Offering (ICO) in June 2016, raising approximately $600,000 in Bitcoin. Stratis released its first alpha version in August 2016, followed by a beta version in January 2017. By June 2017, Stratis had launched its full platform, including features like smart contracts and sidechains. This progress attracted significant attention from both developers and businesses. The launch of the STRAX token in August 2020 further solidified Stratis’s position in the blockchain sector.
Stratis operates on a Proof of Stake (PoS) consensus mechanism, where the ability to validate transactions and create new blocks is determined by the number of tokens held and staked by participants. This method is energy-efficient compared to the traditional Proof of Work (PoW) consensus mechanism, making Stratis a more environmentally friendly option. PoS also enhances network security by deterring malicious behavior, as participants risk losing their staked tokens if they attempt to validate fraudulent transactions.
Smart contracts on Stratis are developed in C#, allowing developers to create programmable agreements on the Blockchain using their existing skills and tools. These contracts provide transparency, immutability, and automatic execution, increasing efficiency by eliminating intermediaries. The PoS consensus and smart contract features provide a secure, scalable, and flexible environment for decentralized applications (dApps).
Stratis’s infrastructure includes sidechains, which are independent Blockchains connected to the main Stratis Blockchain. Sidechains enhance scalability by offloading transactions and computations, maintaining interoperability while increasing privacy. This architecture allows for increased transaction volume and the ability to keep sensitive data off the main chain.
An integral part of the Stratis ecosystem, the STRAX token facilitates transactions and the execution of smart contracts. It can be staked for network participation and rewards, providing a source of passive income for token holders. Stratis also supports cross-chain interoperability, enabling seamless interaction between the Stratis Blockchain and other platforms.
How to Buy Stratis (STRAX) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Stratis (STRAX). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including STRAX, can be bought and sold. You can follow the steps below to buy Stratis (STRAX) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the requested information completely and accurately, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through Binance TR’s official website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and that the information in the photo you took is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 via FAST from other banks. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting the bank of your choice. If the bank you prefer does not yet have Binance TR integration, you should continue by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information displayed on the page of the bank you prefer to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy STRAX Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to STRAX coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the page below will open. You can go to the TL to STRAX purchase page by typing “STRAX” in the search section on the right side of this page and clicking on the STRAX/TRY option from the results.
Now the STRAX trading page below will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy STRAX in the first box and the number of STRAX you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy STRAX” button.
What is Binance TR?
As the world’s largest cryptocurrency exchange by trading volume, Binance officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, supported by Binance’s core functionalities through Binance TR.
