OpenST

The OpenST Foundation is a non-profit Hong Kong membership company. The Foundation’s mandate is to support the OpenST protocol and to further the OpenST developer ecosystem.

The OpenST protocol is a layer II protocol for scaling Ethereum. OpenST enables Branded Tokens to be minted and transferred on Ethereum-based utility blockchains, backed by staking the OST token on public Ethereum. This innovation enables mainstream businesses to run high volume transactions on open scalable blockchains without congesting public Ethereum. The OST token is also used to pay for transaction fees on the utility chains.

OpenST 0.9.0 was released on Ethereum Testnet in November 2017 and brought to Ethereum Mainnet with OpenST 0.9.1 in December 2017. Any developer can build applications on OpenST and enhance the protocol.

We're on a mission to help mainstream organizations benefit from blockchain technologies.

The OpenST Foundation is dedicated to supporting initiatives that further mainstream adoption of Blockchain technologies.

Founding in 2017, the OpenST Foundation provides support for the community and ecosystem. We fund ongoing development of the OpenST protocol for mainstream business tokenization, and supporting business development and marketing activities. We deploy financial and intellectual resources towards projects that can benefit the OpenST community and ecosystem.

OpenST Board Members

Allen Morgan

Allen Morgan

Director

Allen Morgan has been deeply-involved with technology startups for more than 35 years. He is an early-stage investor and startup advisor. He also serves as Managing Director, New Ventures Group, at Idealab, where he is on the Board of Directors. Previously, he was Managing Director at Mayfield Fund. Prior he was a partner at Latham & Watkins and Wilson Sonsini Goodrich & Rosati.

LinkedIn

Chris Dark

Chris Dark

Director

Chris is President International at C2FO. Based in the C2FO Hong Kong office, Chris is responsible for C2FO business in EMEA, Asia-Pacific and LATAM. Prior to C2FO, Chris held key leadership positions at Atomico, AOL (advertising.com) and Bain & Co. Chris is a former entrepreneur and the Founder of GameReplays.org, an early eSports community founded in 2002.

LinkedIn

Daniel Weinberg

Daniel Weinberg

Director

Daniel has over 20 years’ experience in financial trading & technology. He was a Senior Partner of Optiver APAC and founding member of the Optiver Global Foundation board. He is also a member of the Derivatives advisory committee for the Hong Kong, Singapore and Korean Exchanges and an adviser to a number of businesses spanning multiple industries and jurisdictions.

LinkedIn

Jason Goldberg

Jason Goldberg

Director

Jason Goldberg is a veteran internet entrepreneur with a 18 year history of scaling products to millions of users. Since 2016 Jason’s passion has been to drive mainstream consumer adoption of blockchain technologies. Jason splits time between Berlin, Germany, Pune, India, and Hong Kong.

LinkedIn •  Twitter •  Medium

Nishith Shah

Nishith Shah

Director

After a year of traveling around the world, Nishith Shah has immersed himself into crypto-economics and blockchain technology. Nishith previously founded several consumer internet companies including Hem.com, Fab.com, Fabulis, Social Median, True Sparrow and Montred. Nishith is based in Pune, India.

LinkedIn •  Twitter •  Medium

OpenST Advisors

Trent McConaghy

Trent McConaghy

Advisor

Trent likes to build things that matter for humanity in the long term. He's working on democratizing data. This is via Ocean decentralized data exchange protocol & network, BigchainDB & IPDB blockchain database protocol & network, COALA IP protocol, and advising the Estonian E-residency program. His long-term goal is to help ensure that humanity has a role in an increasingly autonomous world.

LinkedIn •  Website

Brian Lio

Brian Lio

Advisor

Brian Lio is the founder and CEO of Smith + Crown. He is the Chief Research Adviser to the Digital Chamber of Commerce's Token Alliance and a Fellow at the Singapore University of Social Sciences. Previously, he founded the Bright Iron Group, a design, strategy and user experience consultancy based in NYC and has held positions at Microsoft and DDB.

LinkedIn

Rick Dudley

Rick Dudley

Advisor

President of Vulcanize, a firm providing decentralized applications with blockchain technical guidance, project management, and code & security audits; & Blockchain Architect for Omega One. Previously with ConsenSys, where he developed a patent in provably fair gaming and designed novel cryptographic protocols.

LinkedIn •  Twitter

Jehan Chu

Jehan Chu

Advisor

Co-founder and Managing Partner of Kenetic Capital (formerly Jen Advisors), one of the first Blockchain Venture Capital and Cryptocurrency Funds as well as Token Sale Consulting in Asia. An early investor in crypto-currencies, Jehan Chu founded Ethereum Meetup Hong Kong and grew it from 5 persons to over 1,100 and hosted >60 Blockchain events including Ethereum Founder Vitalik Buterin 7 times.

LinkedIn

Gil Penchina

Gil Penchina

Advisor

Gil Penchina is a serial entrepreneur and super angel. He was an angel in Brave, Ripple, Filecoin, Civic, EOS and in Paypal in 1999. He’s a frequent media contributor on Blockchain on TechCrunch and Medium. He is a co-founder at Pryze.com and Partner at Ridge Ventures. Previously co-founder of Fastly, CEO of Wikia, now a top 50 website and was a member of the pre-IPO team at eBay.

LinkedIn •  Twitter •  Medium

Sebastian Quinn-Watson

Sebastian Quinn-Watson

Advisor

Sebastian Quinn-Watson is a partner at Blockchain Global leading the Blockchain marketing and advisory business. He has advised on a number of successful and market leading projects such as Viberate (sold out in 45 seconds), Bankera (largest presale in history), Powerledger, Etherparty, Playkey.io, Airswap and others.

LinkedIn

Gary Nuttall

Gary Nuttall

Advisor

Gary is well recognised in the Blockchain / Distributed Ledger Technology arena, with particular expertise in the commercial insurance and legal sectors. He is a founding partner of Team Blockchain, a global virtual consultancy practice and sits on the TechUK DLT Working Group. He provides education, advisory and consultancy services through Distlytics Ltd, the consulting firm that he founded in 2016. He writes articles for magazines and thought leadership blogs on a number of emerging technologies, with a particular emphasis on blockchain.

LinkedIn

Mark Bonchek

Mark Bonchek

Advisor

Mark Bonchek is the founder and CEO of Shift Thinking and a faculty member of Singularity University. He has published over 50 articles in Harvard Business Review, including the first on branded currency in 2013. In 1997, Mark received Harvard's first PhD on the topic of social media. Mark helps organizations rethink how to engage customers, accelerate growth and transform markets.

LinkedIn •  Twitter •  Website

David Bohnett

David Bohnett

Advisor

David is a philanthropist, technology entrepreneur, and the founder of early stage private equity firm, Baroda Ventures.​ David began investing in digital currencies and crypto companies in 2014. An Internet pioneer, in 1994, David founded GeoCities.com, once ranked one of the four most trafficked websites in the world. GeoCities became publicly traded on NASDAQ and was acquired by Yahoo!

Website

Thomas Power

Thomas Power

Advisor

Cutting edge Board Member to numerous companies involved with Bitcoin, Ethereum, and Ripple, deeply connected in Silicon Valley, NYC, London, Australia, New Zealand with over 200,000 Twitter followers since March 2007. Raised and sold over £1bn since 1980. Focused on AI Big Data Bitcoin Blockchain Crypto Ethereum FinTech ICO SaaS Social Media Tokenomics ...very Geeky, Social and Likeable.

LinkedIn •  Twitter

Adam Jackson

Adam Jackson

Advisor

Adam Jackson is a technology entrepreneur and investor obsessed with creating beautiful and intuitive software. Currently an active investor & advisor to early blockchain projects. Prior he was CEO and co-founder of Doctor On Demand. Previously founded DriverSide and MarketSquare. Angel investments include: Bolt, Placer, Aktana, Rapportive, MyTime, Automatic, Womply, Superhuman and Zenefits.

LinkedIn

Matt Chwierut

Matt Chwierut

Advisor

Matt Chwierut is the Research Director at Smith + Crown. He guides a research team in evaluating new cryptocurrency protocols, authoring briefing memos on key emerging topics, and reviewing countless white papers and is a Fellow at the Singapore Institute of Management. He holds degrees from University of California Berkeley and Stanford University.

LinkedIn •  Website

OpenST Protocol

OpenST is a protocol to support token economies in mainstream applications. 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-tradeable ERC-20 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.

OpenST Protocol 0.9.0 was released on Ethereum Testnet in November 2017 and brought to Ethereum Mainnet with the release of OpenST Protocol 0.9.1 in December 2017. With the release of OpenST 0.9.1 any organization can develop OpenST services on Mainnet.

OpenST was further enhanced by the community with the release of OpenST Protocol 0.9.2 in March 2018 to support Airdrops, Token Transfers, Pricing Engines, Token Rules engines, and RESTful APIs.

In July 2018 OST company contributed OpenST Protocol 0.9.3 to the community. With the release of OpenST 0.9.3 the gateway is fully decentralised. Any actor can move ownership across the gateway, transforming value tokens on Ethereum into utility tokens on the utility chains and back.

All OpenST releases are made available to the community via open source license. Please explore our Github repositories to discover more and to contribute to the project.

OpenST-Protocol

The smart contracts that implement the core of the protocol. These contracts enable any organization to stake value on Ethereum and in a cryptographically auditable way mint branded tokens on a utility side-chain. Available under Apache License 2.0.

OpenST-Platform

The web3 extension and API’s for any company to integrate their branded tokens into their consumer application. Available under GNU LGPLv3 license.

OST Token Sale

SimpleTokenSale is the OpenST smart contract repository for the ST public token sale. Available under the MIT License. The OST token sale was completed on 1 December 2017. Tokens were activated on 19 December as the protocol was moved to mainnet.

OST Token Sale

The Simple Token "OST" ("ST" in Etherscan) sale was held from 14 November to 1 December, 2017. Tokens were activated on 19 December, 2017.

OST PURCHASED
261,070,175.3 OST
ETH RAISED
46,828 ETH
TOTAL PURCHASES
6871

Where to Buy OST

Did you miss the OST token sale? Here are some recommended places to purchase OST.

The OpenST Network Accelerator Program

Develop blockchain projects in the OpenST ecosystem

OpenST Network Accelerator grants are intended to support app developers and companies whose contributions benefit the OpenST ecosystem.

Here are some sample use cases:

  1. To support Companies who wish to launch their own Branded Tokens powered by OST. Such grants could help them fund their development and implementations, incentivize and reward their developers, provide some of the OST “stake” to kickoff their token economy, and to provide some airdrop tokens to their customers to help spur initial adoption.
  2. To developers working to build on and expand the capabilities of OpenST and to create software modules and solutions to help companies manage their token economies. Examples could be: KYC-as-a-service, analytics, monitoring, notifications, and economy visualizations.
  3. To designers offering proposals for wallet skins, token branding, and other user experience enhancements.
  4. As bounties for contributors to the ecosystem.

OpenST Accelerator grants can be provided to companies of all sizes, even startups with just an idea. Grants can be provided to the company, project teams, or directly to individuals in support of their contributions. Connect with us at info@openst.org.

Security Auditors