Like this video

Simple Token

The bridge between cryptocurrencies & mainstream

Simple Token is the bridge between cryptocurrencies and mainstream consumer apps. Any app can launch branded tokens on open scalable side-chains, powered by Simple Token, a protocol for consumer-app tokenization and an ERC-20 utility token.

3.2
4 3 expert ratings
Benchy 3.4
Experts
3.4
2.7
2.3
View rating distribution
~$22,000,000
value of tokens sold in ICO
Ended
Token
ST
Price in ICO
0.0833 USD
Country
ICO start
14th Nov 2017
ICO end
1st Dec 2017
More on ICO
Report

About Simple Token

Any app can launch branded tokens on open scalable side-chains, powered by Simple Token, a protocol for consumer-app tokenization and an ERC-20 utility token.

Like so many others, we’ve been enthralled with the technical elegance and vast potential of blockchain technology. Yet we recoil from the recent hype, speculative excess and occasional fraud associated with cryptocurrencies. Early last year, we started exploring how to use this technology to build a branded economy within Pepo, the social advice company that our team had founded. We found that the possible applications of cryptocurrencies for business are even more powerful than we thought, but the process of creating one is complex, expensive, and fraught with risk. Why do all this just for ourselves, we asked, when we could build a set of tools that is needed by many companies?

Simple Token will fill that need, empowering any company — from a global brand to an emerging app maker — to issue what we call “branded tokens” that can transform its business into a dynamic economic ecosystem. No complex programming. No perilous ICO. No cross looks from regulators. We take care of all the hard work. Using Simple Token is designed to be as easy as accepting credit cards by integrating with an online payment service like Stripe or PayPal.

The Simple Token Project contains 3 core elements:

  1. Simple Token [“ST”] is an EIP20 token.
  2. 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.
  3. The Simple Token software enables companies to launch and manage their own branded token economies based on Simple Token.

The business and technical challenge we set out to solve is to enable mainstream consumer applications to benefit from deploying their own branded crypto-backed token economies, in a scalable and cryptographically auditable manner, without needing to mint and maintain their own publicly-tradeable EIP20 tokens.

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.

ST is a utility token, and not a security, as supported by legal opinions in all relevant jurisdictions. The OpenST protocol will be in use prior to the public token sale on 14 November and a proof and demonstration shall be published. Any developer can use the OpenST protocol immediately. For further information please consult the docs on our website or speak with our team in our Telegram channel.

We're building a network and ecosystem for consumer app tokenization. Join in and get all the benefits of blockchain tokens without the high costs and risks of building everything yourself from scratch.

Simple Development
Focus on your users and your marketplace rather than on learning and developing blockchain infrastructure. Leverage the Simple Token protocols to easily tokenize your app.

Customize the Experience
Simple Token lets you design a unique experience. Brand your token, set desired exchange rates and allowable fluctuations, setup various transaction types and user incentives. You own the experience from end to end.

Analyze & Optimize
It's your economy, we give you the tools to manage it. Simple Token includes world class monitoring, analytics, macro and micro economy trends, fraud detection and prevention, and security.

Focus on your users,  not on Blockchain infrastructure

 

Associated agencies

Sparkchain's logo
Sparkchain

Helping technology-focused companies transform their brands through integrated marketing and PR

Bookmark
ICO KYC Report
Not conducted yet
Missing or incorrect data? Let us know.

ICOs that might interest you

Cryptassist

The all in one crypto solution.

22 days 23 hours left

buglab

Buglab offers penetration testing through contests in an incentivized environment for c...

16 days 6 hours left

Teambrella

Teambrella is a peer-to-peer alternative to insurance. Teambrella platform is already l...

Starts in 3 days 23 hours

Humancoin

Humancoin is the new massive cryptocurrency fuelled by the Proof of Charity mining prot...

26 days 23 hours left
Please join our Official ICObench group on Telegram Official ICObench Telegram group

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it