Topic: OST | SIMPLE TOKEN -- Blockchain Infrastructure Empowering New Economies - page 9. (Read 32620 times)

Low the price for such a project, await the start on moon

Looking forward to publishing weekly interviews

I really enjoy the concept of this coin, I'm going to begin researching this more carefully.

I recommend myetherwallet or for an app you can go for coinomi, be careful of the phishing links for mew

14 more #OSTa2 Projects (Pt. 4)

In today’s post we’re introducing projects 43 through 57: Enjoy!

Our ambition is to be the blockchain technology partner of choice for businesses of all sizes and levels of technical sophistication. OST infrastructure and tools will power the blockchain economy for tens of thousands of businesses and millions of end users/customers, bringing the benefits of tokenization and decentralization to people around the world.

In web 2.0 large companies made massive profits from the growth of social media. In web 3.0, with tokenization, those models will be disrupted by decentralization models that attribute value realization to end users who make value contributions, and to apps that support more fair distribution of value.

OST will power that movement and empower citizens of the world.

Great to see all these potential use cases built in OST. Hopefully these lead to new partnerships..

The next 14 #OSTa2 Projects (Pt. 3)

I hold the coin in the longest time is to reach 6 months and when the price of coins has increased slightly and now I will try to hold the coins longer in order to feel the maximum market and get a big profit.

Introducing #OSTa2 Projects (Pt. 1)
14 More #OSTa2 Projects (Pt. 2)


With the OST KIT⍺ Phase II program in full swing, we want to tell you more about the accepted POC projects.

People of OST: Adeola & Wouter
Meet the people behind the logo — Starting with OST’s brand new Marketing Team!

Token sederhana sangat disukai oleh para bitcoiner terutama bagi para pemula seperti saya. Karena lebih memudahkan kita sebagai pengguna bitcoin dalam mempelajari dan menggunakan token tersebut.

Thank you for the nice words!

The name Simple Token and logo also looks simple, but the difference is this project is a special project. I am very confident because this project is handled by a professional team and a very satisfactory goal of achievement. Hopefully it can go according to plan.

thank you OST team for the bug reward. Still excited how you handle your work and how great you care about us the community!

Hi! We are referring to the integration you will be building. An action in your app/platform has to trigger an action on OST KIT and record the transaction on the OpenST side-blockchain. Log would show events from your side, which are triggering the transactions.

This rule was put in place to make sure that POCs have actually integrated OST KIT and are not just running API calls without the integration.

Hope this makes things more clear.

The number is incorrect. We have identified a calculation mistake in our OST Circulating Supply spreadsheet (which is always work in progress). I am reposting our answer from telegram, as you have raised it there too.

ICO's have evolved a lot over the past couple of years as projects and (and their lawyers) have converged on some best practices, particularly around proving token utilty before tokens are distributed/unlocked and providing for long term vesting schedules for pre-sale, team, and advisors.

OST provided a very conservative distribution of tokens relative to other ICO's during the same period and one of the most conservative vesting release schedules, period.

Here is link to our answers to the same questions back in December of last year, just to show consistency throughout.

32.63% of supply was sold in the first token sale on 14 November, 2017.  Pre-sale was 20% of that and will be released over 12 month, 1/12th per month.
 
27.2% reserved for the Network Accelerator Program. This is a pool created for seeding promising projects based on Simple Token. The OpenST Foundation will review applications for the Network Accelerator Program and could make grants available to projects based on Simple Token and to the teams behind such projects. The Foundation may also use this pool to incent developers to develop and provide applications, designs, software, and services that enhance the value of Simple Token.

5.61% for early finacial backers of the project like Tencent and Greycroft and 500 Startups, 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.

14.56% for future token sales. These tokens will be locked for a minimum of 6 months from the initial token sale. We don't currently have any plans for a future token sale, this is only a reserve.

Countering the above distribution, companies that build on OST will need to purchase OST from the public market and then "stake" it against minting their own branded tokens backed by OST. Staked tokens are removed from circulating supply, so the more companies signing up to build on OST, removes more and more tokens from circulation.

We feel that compared to other projects that held ICO's during the same time period as OST (e.g. Kyber, Airswap, Civic, Bluzelle), OST took a very conservative and fair approach to token distribution and releases, which we fully stand behind.

By 2020, the private sale, founders, advisors and early backers will have 347 million OST from the 800 million total supply (43.3% of all OST created). What is the reason behind creating this token distribution compared to other competitors in the space (LISK for example, which I will attach their distribution below)? What are the benefits behind this structure?

Can someone from the OST Team clarify this rule: A live log of the backend server relevant for the token transactions

None of my simulation transactions work they just load forever. Anyone else having this?