On January 20th, blockchain technology company Stratis announced that it will launch an exchange portal where users can verify their participation in token exchanges and check the amount of tokens they will receive after the exchange. At the same time, Stratis has started the token exchange process, and the on-chain token exchange time has been extended to 02:00 on March 21st Beijing time, with the STRAX snapshot time also being March 21st at 02:00 Beijing time. The off-chain token exchange time is from March 28th to December 29th at 17:00 Beijing time. The StratisEVM is currently planned to be launched on March 21st, 2024, and tokens will be distributed on the first day of StatisEVM's release. Stratis will distribute airdrops to all users who have previously performed the exchange to compensate for any potential loss of staking rewards.

The token exchange function can only be implemented through the Stratis wallet 1.7.0.0. To execute the token exchange by destroying it on the chain, you must send the STRAX token to the Stratis wallet 1.7.0.0 and execute the token exchange transaction. At the same time, when executing on-chain token exchange transactions, the tokens will be immediately destroyed, and this process is irreversible.

As previously reported by Jinse Finance, Stratis announced that it is switching to StratisEVM, and users holding the STRAX token will receive new STRAT tokens at a ratio of 1:10.