ost OST

$0.0463
Market Cap $ 19.409 MM (#226)
24h Volume $ 871.482 K
Chg. 24h: 0.45%
Algo. score 4.1/5  (#33)
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ost project purpose and description

ost clarity of purpose

ost purpose and aspects

The OST software platform helps businesses gain competitive advantage with blockchain. We partner with the world's most forward-looking projects to turn the potential of decentralization into reality. Our signature product, OST KIT, gives businesses all the tools they need to run a blockchain-powered economy.

ost additional differentiation against competition

OST stands for "Open Simple Token" and OST KIT is built on OpenST, our protocol for mainstream business adoption of Blockchain. The OpenST protocol allows for the staking of $OST on Ethereum mainnet against minting branded tokens on the OpenST network of side blockchains. This enables mainstream businesses to launch their own branded crypto-currencies on the OpenST network, backed by staked OST, affording for higher throughput and transaction volumes than currently possible to achieve on public Ethereum. The OpenST platform allows Ethereum smart contracts to run faster and cheaper while leveraging the security properties of Ethereum’s Proof-of-Work.

Short description

Simple Token is the bridge between crypto-currencies and mainstream consumer apps. We give consumer-facing companies the tools to design, launch, and manage their own branded tokens on open, scalable side-chains powered by Simple Token.

Abstract

Simple Token is a protocol for consumer-app tokenization and an ERC-20 utility token that allows any consumer-facing marketplace to design, launch, and manage their own branded tokens on open, scalable side-chains without the costs, risks, and complexity associated with blockchain technology. The Simple Token utility-stack includes token design; identity management; user-friendly wallets; support for user incentives & rewards, peer-to-peer, B2C, and B2B transactions; administration tools for monitoring security, fraud prevention, analytics and reporting; as well as interoperability with other Ethereum-based technologies.

Link to Roadmap: https://d36lai1ppm9dxu.cloudfront.net/assets/docs/simple-token-infographic.pdf
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