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Simple Token (OST)

Simple Token

Gaming & VR

Overview

An ecosystem (Simple Token - ST) and software suite that lets mainstream consumer applications launch their own tokens.

Features

Simple Token [“ST”] is an EIP20 token. OpenST is a protocol to support token economies in mainstream consumer applications. The protocol enables ST to be staked on ethereum mainnet against minting Branded Tokens on open scalable side chains. The Simple Token software enables companies to launch and manage their own branded token economies based on Simple Token. The OpenST protocol enables the creation of utility tokens on a utility blockchain while the value of those tokens is backed by staked crypto-assets on a value blockchain.

Technical Details

Simple Token is in a fixed supply of 800M tokens generated at token generation event. Simple Token is freely tradable on Ethereum and is the base token on the utility chains where it pays for transaction fees of branded token transactions. There is no block reward for validation of the the utility chains. Validators need to stake Simple Token on Ethereum to validate on the utility chains.

Crowdsale

Token Sale
ICO start date 12 Nov 2017
ICO end date 19 Nov 2017
Hard cap size 23,658,900 USD (fiat)
Raised 21,728,192 USD
Token details
Ticker OST
Additional Token Emission No
Accepted Currencies

ETH

Token distribution

800 million Simple Tokens will be created. This is a finite supply. - 30% of supply will be sold in the first token sale on 14 November, 2017. -27.2% reserved for the Network Accelerator Program. -12.6% to 17.8% (depending on token sale 1 bonuses) for future token sales. -5.61% for early backers, on a 3 year vesting schedules. -10% for advisors, on a minimum 2 year vesting schedules. - 10% for the founding team, on a minimum 3 year vesting schedules.

Ratings

Type of ratings
Rating
Status
Hype score
Medium
Active
Risk score
Low
Active

Team members

Name
Position
Score
Social
Engineering lead
NA
Chief Technology Strategist
NA
Director Market Development
NA
NA
NA
NA
NA
NA
NA

Funding Rounds

Fund
Status
aum
Strategy
Live $2,448,520
Venture , Hedge
Live NA
Venture , Accelerator
Live NA
Venture
Live NA
Venture

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA NA No NA NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Low
Get Rating
Simple Token ICO Contacts
More on ICO

Ended

$21,728,192 Of $23,658,900 (92%)

Start ICO 12 Nov 2017
End ICO 19 Nov 2017
Token OST
KYC No
Whitepaper View
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