ICO News

Stratis ICO Platform now hosted on Microsoft Azure 

Microsoft now has an ICO launching platform based on their Azure cloud platform in collaboration with London-based blockchain smart contract platform Stratis. The issue is that Stratis ICO Platform has now been incorporated into Microsoft Azure’s systems to enable startups and companies to launch their ICOs and buyers are able to earn a proportion of the launched tokens by making contributions in either Bitcoin or Strat.

Azure is an alternative platform for businesses and companies who want to build, test and manage apps, services and cloud servers through Microsoft-managed data centers and is an alternative to Amazon Web Services and Google cloud services.

ICOs are still an important fundraising method for tech startups, especially in the Blockchain space. For instance, ICO fundraising was an all-time high in 2018 as compared to 2017 record of. However, STOs, which basically are token with compliance, are becoming more popular as an alternative or complement to traditional venture funding.

The platform will offer KYC, regulatory compliance and identity management services for those launching their ICO tokens. Thus, it could finally become an STO launching platform. That's important because it would be expected that the platform becomes a go-to place for not just crypto startups but also traditional firms (hopefully using Microsoft) to launch ICO or STO as the only or additional capital raising method. Thus ideally, it could help with mass adoption although, according to Ivan On Tech, a professional developer, crypto educator and analyst, the actual impact of the platform will depend on how many people use it at the end of the day.

He said Stratis is the top player in this collaboration and Microsoft may be merely offering a platform namely Azure for Stratis ICO platform as a way of inviting more options on Azure. Since Microsoft have compliance platform, the Stratis is expected to extend these benefits to its users.

Further, since Changelly has now been integrated with the Stratis ICO platform, the platform will accept or allow usage of USD, BTC, STRAT and more than 50 other tokens that are used on Changelly. Ideally, in the future, the platform could also facilitate STOs as well.

David Kariuki

David Kariuki likes to regard himself as a freelance tech journalist who has written and writes widely about a variety of tech issues that affect our society daily, including cryptocurrencies (see cryptomorrow.com and coinpedia.org); climate change (cleanleap.com), OpenSim and virtual reality (see hypergridbusiness.com). He is currently pursuing a MSc in Environmental Management at Open University. He does write here not to offer any investment advise but with the intention of informing audience, and articles in here are of his own opinion. Anyone willing to use any opinion here as advise to invest in crypto should obviously take own responsibility and accountability of their losses (or benefits) thereof. You can reach me at [email protected] or [email protected]

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