The blockchain startup Stratis has revealed that the EVM Layer1 network launch has received support from its community. In December, there will be a token exchange. The native token of the network, STRAT, will be exchanged for the original token, STRAX, at a ratio of 1:10.
The proposal’s acceptance by the community is a critical turning point for Stratis as it advances its goals to develop its blockchain and broaden its ecosystem. Developers and users will benefit from a more reliable and scalable platform offered by the EVM Layer1 network, and the token swap will facilitate the transfer to the new network and guarantee a seamless experience for all involved parties.
The EVM Layer1 network and token swap must be implemented successfully for Stratis to continue developing and expanding and to hold its position as a top supplier of blockchain technology. The community’s backing and participation in the decision-making process show how seriously the initiative is taken, as well as how much more progress may be made in the future.