Stratos

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Discover Stratos's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Stratos?

Stratos (STOS) is a cryptocurrency launched in 2021 on the Ethereum platform. It powers the Stratos platform, a decentralized data mesh providing scalable, reliable, and self-balanced storage, database, and computation network. Stratos aims to enhance blockchain process capacity while maintaining decentralized benefits such as trustlessness, traceability, verifiability, and privacy.

How is Stratos used?

Stratos (STOS) is a cryptocurrency that plays a central role in the Stratos Ecosystem. It serves multiple functions within the network, including:

  1. Settling Service Fees: STOS is used to pay for services provided by the network, such as storage, database, and computing resources.

  2. Incentivizing Miners: Miners are incentivized with STOS tokens for their contributions to the network. The mining rewards are structured to decrease over time, with a halving mechanism that occurs every four years.

  3. Facilitating Payment and Verification Services: STOS is used for payment and verification services within the Datamesh, which is a decentralized data storage system.

  1. Staking and Validation: STOS is used in the Proof-of-Stake mechanism, where validators and delegators participate in the validation process and receive rewards based on their stake and commission rates.

  2. Value Circulation: STOS enables value circulation within the Stratos Ecosystem, facilitating transactions and interactions between different stakeholders.

Overall, the Stratos token is essential for maintaining the self-sustainability of the Stratos network, as it incentivizes participation, facilitates transactions, and ensures the smooth operation of the ecosystem.

How do I store Stratos?

To store Stratos (STOS) tokens, you can use the Stratos Wallet application. Here are the steps to follow:

  1. Download and Install the Stratos Wallet:

    • Go to the official Stratos website (www.thestratos.org) and download the Stratos Wallet application for your operating system (Windows, Mac OS, or Linux).
  2. Create a New Wallet:

    • Launch the application and click on the "Sign In" button.
    • Select "Import Wallet" to create a new wallet.
    • Enter a name for the wallet and click on "HERE" to generate a mnemonic phrase.
    • Write down the mnemonic phrase on paper and store it securely, as it is required to access your assets.
  3. Login with Existing Wallet:

  • If you already have a wallet, click on the "Sign In" button and select the wallet from the dropdown list.
  • Enter the wallet pin (4 digits and 1 letter) to access the wallet.
  1. Manage Your Tokens:

    • Once logged in, you can view your token balance by clicking on the "fresh" button.
    • You can also use the wallet to make transactions, delegate tokens, and check past transactions.
  2. Additional Options:

    • You can also use other wallets like MyEtherWallet (MEW) to manage your STOS tokens.
    • For more advanced users, you can bridge your tokens from the Ethereum network to the Stratos network using the bridge app.

By following these steps, you can securely store and manage your Stratos (STOS) tokens.

How to buy Stratos?

To buy Stratos (STOS) tokens, you can follow these steps:

Buying Stratos (STOS) on Centralized Exchanges (CEX)
  1. Register and Verify:

    • Sign up for an account on a centralized exchange (CEX) that supports Stratos (STOS) trading, such as AscendEX, MEXC, or Gate.io.
    • Verify your identity and secure your account by enabling two-step verification.
  2. Deposit Fiat or Cryptocurrency:

    • Deposit fiat currency (e.g., USD) or a supported cryptocurrency (e.g., USDT, ETH, or BNB) into your CEX account.
    • You can use various payment methods like bank transfers, credit cards, or third-party services like Simplex or Banxa.
  3. Buy Stratos (STOS):

  • Navigate to the Stratos (STOS) trading pair (e.g., STOS/USDT) on the CEX.
  • Set the amount you want to buy and execute the trade.
Buying Stratos (STOS) on Decentralized Exchanges (DEX)
  1. Choose a DEX:

    • Select a decentralized exchange (DEX) that supports Stratos (STOS) trading, such as 1inch.
  2. Set Up a Wallet:

    • Download and install a Web3 crypto wallet (e.g., Metamask) or an App wallet (e.g., Trust Wallet) supported by the DEX.
    • Create and set up a new wallet.
  3. Transfer Cryptocurrency:

  • Transfer the mainnet cryptocurrency of the blockchain that the DEX runs on (e.g., ETH) from a centralized exchange or another wallet to your self-custody crypto wallet address.
  1. Connect to DEX:

    • Connect your wallet to the DEX by clicking "Connect Wallet" and following the instructions.
  2. Swap for Stratos (STOS):

    • Find the "Swap" option on the DEX.
    • Choose the token you want to trade (e.g., ETH) and Stratos (STOS) as the token you want to buy.
    • Set the amount and confirm the swap.
Additional Tips
  • Ensure you have the correct smart contract address for Stratos (STOS) to avoid scams.
  • Be aware of market risks and price volatility.
  • Consult local authorities for tax-related information.
  • Always follow security best practices when using cryptocurrency exchanges and wallets.

By following these steps, you can successfully buy Stratos (STOS) tokens on both centralized and decentralized exchanges.

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History of Stratos

Stratos (STOS) is a cryptocurrency that operates on a decentralized data mesh, aiming to provide scalable, reliable, and self-balanced storage, database, and computation networks. Founded by Bino in 2021, Stratos is designed to support data storage and adoption for developers and users in the digital economy, particularly in the blockchain industry and Web 3.0.

Stratos integrates decentralized storage, database, and computation through its Proof-of-Traffic mechanism, which drives value circulation. The project's ecosystem includes a unique Ozone dynamics and a Proof-of-Stake mechanism, ensuring decentralized excellence.

The current market capitalization of Stratos is around $45.22 million, with a circulating supply of approximately 63.65 million STOS coins. The token's price has experienced fluctuations, with a recent decline of 11.89% in the past seven days and 0.58% in the last 24 hours.

Stratos is not available for trading on major exchanges like Coinbase but can be traded using Coinbase Wallet. The project's historical price data shows significant price movements, with an all-time high of $4.35 per STOS.

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How Stratos works

Stratos (STOS) is a decentralized data mesh that provides a scalable, reliable, and self-balanced storage, database, and computation network. It is designed to scale blockchain process capacity while retaining the decentralized benefits of a distributed protocol, including trustlessness, traceability, verifiability, and privacy. The network is composed of four modules: blockchain, decentralized storage, decentralized database, and decentralized computing.

Proof-of-Traffic Algorithm

Stratos utilizes the Proof-of-Traffic (PoT) algorithm to reward participants for their contributions to the network. The PoT algorithm tracks and calculates the resources (storage, computing, traffic) used by each individual participant on the network. This incentivizes miners to focus on overall performance and increase the network bandwidth of each machine, ensuring the health and efficiency of the network during high-speed expansion.

Mining Tokens

Mining tokens in the Stratos network involves participating in one of the three layers of the network: resource nodes, metadata nodes, and value nodes. The rewards for mining are distributed proportionally to these three different nodes. Resource nodes can receive 60% of the rewards for mining, metadata nodes can get 20% of the rewards, and value nodes can enjoy 20% of the rewards. Unlike other projects, Stratos does not require expensive GPUs and high wattage power supplies. Instead, nodes need to provide enough bandwidth and storage capacity to ensure the traffic on the node can reach the reward requirements.

Token Economy

The Stratos token economy is based on a Proof-of-Traffic model that evaluates the traffic generated by users' actions. Settlement and payment of the traffic is conducted in the form of Stratos Tokens through the Stratos Blockchain. The traffic price changes dynamically based on a constant product formula. The token allocation was distributed across various categories including strategic sales, team, ecosystem development, partnerships, liquidity provision fund, and foundation reserve. The token unlock and vesting schedule was structured to ensure a gradual release of tokens over time with specific unlocking and vesting periods for different categories.

Use Cases

The Stratos network can be used for a variety of purposes, including data storage, database management, and computation. Users have full flexibility to store any data regardless of the size and type. The Stratos blockchain also offers an immutable feature which could power Oracle and data aggregation for any blockchain project. The Stratos decentralized computing network is a perfect edge computing network which offers low latency and a Trusted Execution Environment (TEE) by your neighborhood.

Governance and Utility

STOS is the governance and utility token of the Stratos ecosystem. Holders can use the token as payment for transaction fees. Furthermore, users need to prepay STOS in order to use Stratos Resource Network. However, users can earn more STOS from proof-of-Traffic mining.

Market and Performance

The current market price of STOS is $1.02 per unit, with a circulating supply of 38,800,874 STOS. The price has fallen by 11.89% in the past 7 days, declined by 0.58% in the last 24 hours, and shrunk by 0.22% in the past hour. Stratos is 76.50% below the all-time high of $4.35.

Buying and Trading

STOS can be traded using Coinbase Wallet, and it is available for purchase on MEXC by following specific steps.

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Stratos's strengths

The token Stratos (STOS) has several strengths that contribute to its potential in the cryptocurrency market:

  1. Decentralized Data Mesh: Stratos is designed as the next generation of decentralized Data Mesh, providing scalable, reliable, self-balanced storage, database, and computation networks. This allows it to support data storage and adoption for developers and users in the digital economy.

  2. Scalability and Efficiency: Stratos aims to scale blockchain process capacity while maintaining decentralized benefits such as trustlessness, traceability, verifiability, and privacy. This makes it an attractive solution for businesses and users seeking efficient and secure data management.

  3. Community and Partnerships: Stratos has a strong community and partnerships that support its growth and adoption. This can lead to increased utility and value for the token as more users and businesses integrate it into their operations.

  1. Technical Analysis: Technical analysis indicates that Stratos has a strong potential for future price growth. Predictions suggest that the price of Stratos could rise significantly by 2030, driven by the increasing adoption of blockchain technologies and the solidification of cryptocurrencies as mainstream assets.

  2. Token Economy: Stratos has a well-defined token economy that incentivizes participation and maintains the ecosystem. The use of Stratos Tokens (STOS) facilitates value circulation, and the Proof-of-Traffic, Proof-of-Stake, and Proof-of-Authority consensus protocols ensure stable growth and distribution of rewards.

These strengths position Stratos as a promising digital asset with a strong foundation for future growth and adoption.

Stratos's risks

Stratos (STOS) carries moderate financial risks. The risk gauge rank for STOS indicates that it is currently a moderate risk investment, which is supported by InvestorsObserver analysis. This assessment is based on the token's recent price movements, volume, and market capitalization, which help evaluate its susceptibility to manipulation by limited trading.

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Did Stratos raise funds?

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Stratos’s team

  • Bin Zhu: Founder and CEO of Stratos Network, with over 20 years of experience in software development across multiple platforms. He previously built MindGeek’s big data ecosystem and co-founded Faimdata, a company providing AI solutions.
  • Oleksandr Kovalov: Sr. Front-end developer, previously worked at OneLedger, building a wallet and enhancing block explorer technology. He has experience in e-commerce, healthcare, and wellbeing projects integrating blockchain technology.
  • Rennick Palley: Founding Partner, who founded Stratos in 2016 and has a background in quantitative finance and applied mathematics. He previously worked at Sanders Capital as a Research Associate.
  • Laurent Parmentier: Partner, leading Investment Research, Sourcing Strategy, Portfolio Support, and Operations. He has experience at SignalFire, a data-driven venture capital firm, and The Boston Consulting Group (BCG).
  • Dustin Byrne: Chief Technology Officer, with a broad array of technical knowledge and leadership experience. He has worked in various industries, including Business Integration, eCommerce, and Real Estate, and has founded multiple companies.
  • Eli Nuss: Associate, responsible for deal sourcing, due diligence, and investment research. He has a background in physics and information technology and previously worked at Lawrence Livermore Laboratory and Oak Ridge National Laboratory.
  • Amanda Dragomer: Investor Relations, assisting with fundraising activities, human relations, and public relations. She previously worked at JP Morgan in the Private Bank.

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