Regulated
Austria based and European regulated crypto & securities broker platform
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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | Strax |
Consensus Mechanism | Stratis employs a Proof of Stake (PoS) consensus mechanism, enhanced with features like cold staking and masternodes, to ensure security, scalability, and interoperability. Core Components: Proof of Stake (PoS): Validators are chosen based on the amount of STRAX tokens staked, incentivizing token holders to participate in securing the network. Cold Staking: Allows users to delegate staking power to trusted nodes without transferring token ownership, enhancing security and accessibility for token holders. Masternodes: Masternodes handle critical tasks such as executing smart contracts and managing interoperability requests, ensuring efficient network operations. Sidechains: Support for sidechains enables scalability and privacy, allowing dApp development and cross-platform functionality without impacting the main blockchain. |
Incentive Mechanisms and Applicable Fees | Stratis rewards network participants with staking and masternode incentives, supported by a transparent fee structure. Incentive Mechanisms: Staking Rewards: STRAX token holders who stake tokens are rewarded for validating transactions, promoting network security and active participation. Masternode Rewards: Masternodes earn 50% of all block rewards on the Stratis Mainchain, providing a significant incentive for long-term engagement and network support. Applicable Fees: Transaction Fees: Users pay fees in STRAX tokens for executing transactions and using network services. These fees are distributed among validators and masternodes, ensuring sustainable network operations and security. |
Beginning of the period | 2024-09-12 |
End of the period | 2025-09-12 |
Energy consumption | 105645.60000 (kWh/a) |