Simple Token is building the complete blockchain toolkit for business. Simple Token (traded as “OST” and built on the OpenST protocol) enables mainstream businesses to easily deploy and manage their own branded crypto-backed token economies, powered by Simple Token on scalable, high performance, open blockchains.
OST is a utility token that functions as a master token for companies to launch their own branded token economies on open scalable side blockchains.
Demand for OST will come from companies who need to acquire OST to stake against creating their branded token economies powered by OST, from developers building apps and services on OST, and from transaction fees ("gas”) for OST side-chain transactions and services.
Simple Token is backed by early investors such as: Tencent, Greycroft, 500 Startups, Vectr, Correlation Ventures, Kenetic Capital, Hashed, Kryptonite 1, Jason Goldberg, Gil Penchina, Mark Bonchek, and David Bohnett.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
Trade on the go with Huobi App (iOS/Android)
Find us on
Huobi reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Remindertext here.