Quote from: Krushang on June 22, 2016, 09:19:46 PM

Quote from: mchwierutSC on June 22, 2016, 07:45:47 PM

Quote from: _nur on June 16, 2016, 02:58:38 AM

Quote from: marseille on June 16, 2016, 02:37:44 AM

lol, so many ICOs, same style, ... easy money now with ICO and some nice graphics, lol

Why invest?

Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain.
Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins.

convinced?

We'd like to clarify the role the StratisCoins play in the Stratis system.

Can someone confirm (with a source or from the Stratis team) that the tokens will be the only way to pay for official services on the Stratis network? [making them like the digital points used to buy things on gaming platforms] Or if they aren't the only way, that they will offer advantages over other methods? Also, if that's the case and the StratisCoins will go to Stratis as payment, how will they get redistributed throughout the system? For example, will StratisCoin just resell them?

And/or will StratisCoin function like ether/gas in that they are needed to power the applications themselves?

Also, if the private blockchains deploy their own tokens, will they use StratisCoins or can they create their own?

Thanks for the help! Our (Smith + Crown's) writeup is on the icos section of our website. If you spot errors, PM me.

Quote from: Krushang on June 15, 2016, 08:56:32 PM

Quote from: TravelsAsia on June 15, 2016, 06:21:30 PM

" Why invest?

Stratis tokens will fuel the Stratis blockchain and also the private chains (side chains) that will be part of the Stratis network. Stratis tokens can be used as a payment method for the decentralised app hosting functionality built into Stratis and the fuel for the Blockchain-as-a-Service platform. We will be developing and engineering many platforms and services on the Stratis blockchain that will help to build a healthy eco system around the Stratis Blockchain.
Consequently, adoption of Stratis and its private chains will entail increased demand of the finite supply of StratisCoins. "

Does this work like Ethereum gas? The more and popular the services, the more fuel needed? Let me apologize ahead of time, I'm doing my best to wrap my head arouns the tech as well as understanding the roi.

Hi TravelsAsia,

Its no problem at all, your probably helping answer other people questions.

That correct, Stratis tokens will power many aspects of the Stratis Platform.

I cannot share to many details regarding the low level architecture at this time, but I can tell you that the standard private chains will require Stratis tokens to be 'locked' as part of the 2 way peg to private chains. Stratis tokens will also be the currency utilized to pay transaction fees to miners. When we migrate to POS Stratis tokens will be used to secure the Stratis chain and the private chains.

The Blockchain-as-a-Service platform will be also be fueled by Stratis tokens, users will be able to deposit digital currencies or pay via paypal and Fiat to 'credit' their account with Stratis tokens to fuel their node.

Our fiat gateway technology will also charge a fee in Stratis, but note there will most likely be a fee on the fiat side also. This will be one of the centralized components of the Stratis Platform, but its the only way to have Fiat gateways and be compliant with the various regulations involved.

Let me know if you require any further information. Whats your website address?

Very helpful, thank you. I had missed that second post as well. It sounds like Stratis tokens will function like Ether, but there are more moving pieces on Stratis than we currently see for Ethereum (private side chains, APIs, services), so it has more uses.

Also, you make reference to miners and POS. Does this mean the Stratis blockchain will start out PWW and transition to POS? If so, will new tokens be created through the mining/minting process?

I echo TravelsAsia's gratitude. We're trying to wrap our heads around this too and represent it accurately.

Site is smithandcrown.com. /icos is where we post ICOs, crowdsales, presales, etc.