STRAX (OLD) vs STRAX (NEW): Why Are There Two $STRAX? What's the Difference?

Stratis, a blockchain platform built with enterprise solutions and developer accessibility in mind, recently executed a major transformation. In early 2024, Stratis carried out a token swap, replacing the old STRAX token with a new one at a 1:10 ratio. This change has led many to ask: why are there now two versions of STRAX, and what exactly changed?

This article breaks down the key differences between STRAX old vs STRAX new, the reasons behind the swap, and how this update affects users and investors in the Stratis ecosystem.

What is Stratis (STRAX) Token?

Stratis ($STRAX) is the native utility token of the Stratis blockchain ecosystem, engineered to deliver enterprise-grade blockchain infrastructure with scalability, sidechain deployment, and C# integration at its core. It's designed to empower businesses and developers with tools to create customized blockchain solutions efficiently.

Utility of STRAX:

• Service Payments: Used for deploying sidechains, smart contract execution, and other platform services.
   
• Staking: Secures the network and provides staking rewards to participants.
   
• Masternodes: Operate core network infrastructure with STRAX as collateral.
   
• Token Swaps: Facilitates interoperability and migration, especially during major upgrades like the recent EVM shift.

STRAX Old vs STRAX New: What's Different?

The journey of Stratis’ tokens began with STRAT, which was later swapped 1:1 for STRAX in 2020. Fast forward to March 2024, and the STRAX token has undergone another upgrade—this time with a redenomination and a broader strategic pivot.

Here’s a detailed comparison of the key differences:

Key Differences Between STRAX Old and STRAX New

The introduction of the new STRAX token was not just a cosmetic upgrade. It marked a deep infrastructure overhaul and strategic shift towards more modern blockchain use cases like Web3 development, smart contract compatibility, and advanced staking mechanisms.

Why Did Stratis Launch a Token Swap?

The token swap was more than a rebranding. It was a foundational step in modernizing the Stratis ecosystem. Here’s why the team made the move:

• Upgraded Blockchain (StratisEVM): The new chain allows for full EVM compatibility, enabling developers to build and deploy Ethereum-based smart contracts with ease.
  
   
• Redenominated Supply: Increasing the supply tenfold makes the token more divisible and adaptable for modern DeFi, staking, and enterprise use.
  
   
• Revamped Tokenomics: The new model aligns better with community incentives, governance, and long-term network sustainability.
  
   
• Ecosystem Expansion: The update supports a shift from enterprise-only tools to a more diverse Web3 platform with broader developer and user appeal.
  
   

What Does the Token Swap Mean for STRAX Holders?

If you held old STRAX, here’s how the swap likely affected you:

• Automatic Swap on Major Exchanges: Major exchanges handled the transition automatically at a 1:10 ratio.
  
   
• Old STRAX Functionality Removed: Deposits, withdrawals, and trades of the old token were disabled after the swap deadline in March-April 2024.
  
   
• New STRAX Activation: The new token launched on the StratisEVM chain and resumed trading with updated tokenomics.
  
   
• Staking and Rewards: Holders can now enjoy revised staking models that offer better incentives and participation in governance.
  
   
• Token Price Adjustment: With a tenfold increase in supply, the price per token was adjusted accordingly, without impacting the overall market cap of holdings.
  
   

Users were encouraged to migrate their tokens as early as possible to maintain full access and functionality.

Conclusion

The presence of both old and new STRAX tokens is a result of Stratis’ major token upgrade and strategic pivot in 2024. The 1:10 swap aimed to modernize the platform through improved tokenomics, Web3 readiness, and EVM compatibility. For anyone participating in the Stratis ecosystem, understanding the difference between STRAX old vs STRAX new is essential to navigating its future direction.

With a more scalable and developer-friendly blockchain, the new STRAX positions Stratis as a serious contender in the evolving world of decentralized technologies.

Read Also: Stratis (STRAX) Coin Price Prediction

FAQ

What is the difference between STRAX old and STRAX new?
The new STRAX token was redenominated at a 1:10 ratio, runs on the upgraded StratisEVM blockchain, and features improved Web3 and enterprise capabilities.

Why did Stratis swap STRAX tokens?
The swap was designed to modernize the blockchain infrastructure, update the tokenomics, and support Stratis’ expansion into Web3 and decentralized applications.

How does the token swap affect STRAX holders?
Old tokens were automatically converted to new tokens on supported platforms. Old STRAX tokens are no longer usable, while new tokens provide full functionality including trading, staking, and governance.

Can I still use the old STRAX tokens?
No. The old tokens have been decommissioned and are no longer supported on exchanges after the token swap deadline.

What are the benefits of the new STRAX token?
The new token offers better interoperability (thanks to EVM support), updated staking rewards, and expanded use in enterprise and Web3 environments.