ERC20 Token

OST (OST)

The OpenST Protocol establishes a bridge between the Ethereum value blockchain and a (number of) utility blockchain(s). Value tokens on Ethereum (e.g. OST) are transposed into utility Branded Tokens of equivalent value (“BT”) on the utility chains and are at all times redeemable by the users for the staked value through the protocol.

Application developers can design the token behavior that applies for their specific utility token with transaction types. Users can stake $OST on Ethereum and receive an equivalent amount of BT within the application. The utility chains are powerful enough to host a decentralised key management smart contract engine that provides a smooth user experience for users within applications while retaining key ownership with the end-users.

Decentralised key management additionally avoids liabilities for application developers hosting keys on behalf of their users. To ensure user confidence in the growing token economy smart contract pricing engines provide a toolbox to application developers to layer additional behaviour on their BT, ranging from incentivisation mechanisms to price guarantee (wet) contracts.

“The OST software platform helps businesses gain competitive advantage with blockchain. OST KIT⍺ Phase II, our complete blockchain management toolkit, is open for Developers”