Topic: OST | SIMPLE TOKEN -- Blockchain Infrastructure Empowering New Economies - page 22. (Read 32620 times)

Simple Token “ST” is a utility token and our customers need to acquire ST in order to create their own branded tokens powered by ST.

The upcoming first Simple Token sale event on November 14, 2017 (commonly known as an “ICO”) is required for two reasons:

1. Because the OpenST Protocol requires staking ST to create BT, we need to first create ST and have some value placed on it by purchasers of ST.

2. So that we can create an endowment for the community ecosystem. 27.2% of the ST token supply is intended to be reserved for what we call the Network Accelerator Program. This will be used by the OpenST Foundation Limited (“OpenST”) to seed projects, developers, and teams that are building interesting use cases based on ST. In this manner we can become a seed program/accelerator for a new generation of apps launching branded token economies..

More details:

Simple Token is a protocol and software suite for consumer app tokenization.

The business and technical challenge we set out to solve is to enable mainstream 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-tradable crypto tokens. This project began with our attempt in 2016 and into early 2017 to develop a token economy for one app, Pepo, and our realization that rather than building tokenization technology for one app, the much more important, interesting, and worthy challenge was to build the enabling technology for any app to tokenize and benefit from having parts of their business on a blockchain.

We want to enable any business to launch their own branded crypto-based economy without the legal, regulatory, and technology headaches involved with going alone. This could enable them to monetize user contributions and content, power peer-to-peer transaction, provide meaningful incentives and rewards, develop transparent loyalty programs, and unleash thousands of new monetization and supply / demand possibilities.

The OpenST protocol, powered by our ERC-20 token “ST,” enables any company to stake ST on Ethereum main-net to mint their own branded digital currency (aka “tokens”) on open scalable side blockchains, in a crypto-graphically auditable manner.

The Simple Token software, built on OpenST, helps companies launch and manage their ST-powered token economies. It’s a SaaS software package, a dashboard, a set of tools, for managing a token economy.

Here's more details. https://simpletoken.org/documents

Could you explain briefly why your project need a token apart of fundraising? In return, what are the investors going to receive apart of the token?

We posted an important update today about the project to our Medium:

Simple Token Finalizes Token Sale Price.
Announces Advisors.
Launches Community “Proof of Support” Rewards

https://medium.com/simple-token/simple-token-finalizes-token-sale-price-43f96e37cc0b

With regards to pre-sale, we have closed several million dollars towards our $20M hard cap on the sale and we will publish full details of the private pre-sale no later than 72 hours before the public sale begins.

How is your presale going?  It would be nice to provide this update or have it on your website.

Thank you for your support!

Thank you!!!

this announcement is pretty good, simple but very detailed, especially for token sale specifications, I'm very interested in the total amount of supply is not simple it is, very good, this is something good

Simple Token is selected by ICO Drops!     See https://icodrops.com/simple-token/

Hi! Is the link not working for you or are you experiencing other issues? We also have an invite link: https://t.me/joinchat/F_-cdEPalZPYdzIVre6T9A
Once the bounty system is set up, we will also post an update here.

Thanks, but I can't access your telegram channel

Hi! We are currently working on our bounty and community engagement programme. Make sure to join our Telegram channel https://t.me/simpletoken, as we will announce it there first.

Hi, I would like to do a filipino translation of your project. pm me if needed

Hey, it's Jason here. Entrepreneurship has its ups and downs, lessons learned, successes and failures. Jason Calacanis interviewed me about it all a couple of weeks ago, worth a listen: http://thisweekinstartups.com/jason-goldberg-pepo-simple-token/

We also discussed the entire back story on Epicenter.tc this week: https://epicenter.tv/episode/204/

Thanks for your interest, and your well wishes! Fab was a learning experience. As an Internet entrepreneur, Jason has a number of projects under his belt that have helped him develop sustainable business models and management procedures. You can read more about the Simple Token team here: https://simpletoken.org/faq/categories/team/ and interact with our founders on our Telegram channel: https://t.me/simpletoken

Thanks for the offer SCCFX. We’ll be posting projects and contributor opportunities over time. Keep an eye on our website and join our Telegram channel for the latest updates: https://t.me/simpletoken

This seems interesting. I'm still researching your concept and tech but the history of your team is a double edged sword as the story of Fab wasn't a pretty one.  Nonetheless, good luck!

Hi sammiko, we appreciate your interest in Simple Token! Our ecosystem of developers working to create and enhance the Simple Token protocols can earn Simple Tokens through their contributions. We will publish bounties for projects and contributions on the Simple Token website. Join our Telegram channel for the latest updates: https://t.me/simpletoken

not open bounty dev
i want reserve hindi translation if you need

Hi rijaljun. Thanks for the offer. We’re working on adding graphics. Also, glad to hear you’ve checked out our Telegram chat! Feel free to also visit www.simpletoken.org/faq for even more insight.

this seem like a very good project, would there be bounties or airdrops?