Description
Simple Token, now recognized as OST, is designed to simplify the process for Ethereum developers to launch their own branded tokens, eliminating the necessity of managing a standalone blockchain network. The OST platform facilitates businesses in creating, designing, and managing custom tokens for purposes such as loyalty programs and rewards through the use of token design tools, the OpenST Protocol for minting, and smart contract management features. It also offers scalability solutions and APIs for seamless blockchain functionality integration into existing applications. OST aims to promote blockchain adoption by enabling businesses to integrate blockchain-based incentives for customers and stakeholders. As a bridge connecting cryptocurrencies with mainstream consumer apps, Simple Token allows any application to launch branded tokens on scalable open side-chains using an ERC-20 utility token, further aiming to tokenize consumer-app ecosystems.
Simple Token, now recognized as OST, is designed to simplify the process for Ethereum developers to launch their own branded tokens, eliminating the necessity of managing a standalone blockchain network. The OST platform facilitates businesses in creating, designing, and managing custom tokens for purposes such as loyalty programs and rewards through the use of token design tools, the OpenST Protocol for minting, and smart contract management features. It also offers scalability solutions and APIs for seamless blockchain functionality integration into existing applications. OST aims to promote blockchain adoption by enabling businesses to integrate blockchain-based incentives for customers and stakeholders. As a bridge connecting cryptocurrencies with mainstream consumer apps, Simple Token allows any application to launch branded tokens on scalable open side-chains using an ERC-20 utility token, further aiming to tokenize consumer-app ecosystems.
