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Simple Token (ST)

ICO

Last updated: May 04, 2018

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

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Overview

Project industry	Gaming & VR
Whitepaper	Open

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.

What is Simple Token

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.

Details

Public sales: Nov 12, 2017 - Nov 19, 2017
Hard cap: 23,658,900 USD(fiat)
Raised: 21,728,192 USD

Token info

Ticker: ST
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.