The U.K.-based Stratis, a blockchain company, announced that it has already raised $100K from investors, soon after the launch of its Initial Coin Offering (ICO). Stratis launched its ICO on 21st June, which will run till 26th July 2016.

Stratis ICO participants will receive Stratis tokens that help to fuel the Stratis blockchain and also the private chains which will be part of the Stratis network.

According to the official webiste, a total of 98 million coins will be distributed after the ICO 85.7% of Stratis tokens (84,000,000) will be allocated to ICO investors, while the remaining 14.3% (14,000,000) will be retained by the core team for development, marketing, partnerships and incentives programmes.

The official release said that the company aims to build Blockchain Development Platform that can simplify and improve the process of organizations that wish to develop blockchain applications. The company stated that following the ICO, it will deliver a Stratis beta wallet based on Bitcoin Core which will allow investors to hold and secure their coins and also allow exchanges to list Stratis.

Stratis is a flexible and powerful Blockchain Development Platform designed for the needs of real-world financial services businesses and other organizations that want to access the benefits of blockchain technologies without the overheads inherent in running their own network infrastructure. The company offers a turnkey solution that enables developers and businesses to develop, test and deploy blockchain-based applications quickly and easily.