Lambos On The Moon #2 - Simple Token: Bridge between crypto-currencies and mainstream consumer apps.
Website: https://simpletoken.org/
Twitter: https://twitter.com/TheSimpleToken
CoinMarketCap: https://coinmarketcap.com/currencies/simple-token/
Current Price: $0.25
Exchange: https://www.binance.com/
Total Supply: 800,000,000 OST
About Simple Token
Simple Token is building the complete blockchain toolkit for businesses. Simple Token (traded as “OST” and built on the OpenST protocol) enables mainstream businesses to easily deploy and manage their own branded crypto-backed token economies, powered by Simple Token.
Why Simple Token
Blockchain is currently too complex for most consumer apps, too daunting for consumer-facing developers, and not currently scalable to millions of end-user micro-transactions without public-private chain innovations. Blockchain technologies hold tremendous promise for a new generation of consumer internet services and Simple Token is here to help.
How it works
Simple Token enables companies to stake Simple Tokens against their own Branded Tokens, minted on open scalable side blockchains, in a cryptographically auditable manner. Developers are able to build applications on top of OpenST. The Simple Token SaaS platform, which is currently under development will give companies the tools to manage, customize, monitor and analyze their ST-Powered token economy.
Summary
Simple Token is the only platform that enables mainstream consumer applications to benefit from deploying their own branded crypto-backed token economies, without needing to ICO, 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.
Simple Token is also the only “middleware” platform that enables apps to launch and manage their token economies, without app developers needing to learn blockchain technologies.
