What are the main use cases for the STRAX token
The STRAX token serves several key use cases within the Stratis blockchain ecosystem:
1. **Value Transfer**:
STRAX is utilized for transferring value across the Stratis network, acting as the primary currency for transactions.
2. **Smart Contract Execution**:
The token facilitates the execution of smart contracts written in C#, enabling developers to create and deploy blockchain applications efficiently.
3. **Staking and Masternodes**:
STRAX holders can participate in staking and operate masternodes, which are essential for network security and transaction validation. Masternodes receive a significant share of block rewards, incentivizing their operation.
4. **Funding Projects**:
The Stratis Decentralized Accelerator (SDA) uses STRAX to fund blockchain projects, fostering innovation within the ecosystem.
5. **Interoperability**:
Wrapped STRAX (wSTRAX) allows for interaction with Ethereum-based applications, enhancing the token's utility across different blockchain platforms.
These use cases position STRAX as a versatile tool for developers and enterprises looking to leverage blockchain technology.
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