Blockchain business Stratis lands investment

UK-based blockchain business Stratis has raised $100,000 from investors as it nears the closure of its Initial Coin Offering (ICO) period.

The company said it ICO, which runs between June 21 and July 26, will see a total of 98 million coins distributed.

Just over 85 per cent of Stratis tokens will be allocated to ICO investors, with the remainder retained by the core team for development, marketing, partnerships and incentives programmes.

The company said its Stratis tokens would fuel the Stratis blockchain and also the private ‘side chains’ that will be part of the company’s network.

Stratis provides a blockchain development platform designed for the needs of real-world financial services businesses and other organisations, that want to access the benefits of Blockchain technologies without the overheads inherent in running their own network infrastructure.

The company offers a turnkey solution that enables developers and businesses to develop, test and deploy blockchain-based applications quickly and easily, and without the costs and security concerns that would otherwise arise from an in-house implementation.

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