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.
OpenST is working on scalability and usability solutions for running high volume applications on Ethereum.
The OpenST Protocol enables building scalable blockchain token economies through the transposition of tokens via gateways between Ethereum and utility blockchains. The protocol also includes components that enable economy administrators to design token-economies to support their community and business goals.
OpenST Mosaic is a layer II protocol for scaling Dapps on Ethereum by running meta-blockchains on Ethereum to scale to thousands of transactions per second.
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.
Founded 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
OpenST Protocol v0.9.0 released in Q4 2017 presented a proof for staking crypto assets on Ethereum towards minting Branded Tokens on public sidechains.
OpenST Protocol v0.9.1, released in Q4 2017, enabled software developers to build applications on OpenST and to further the Protocol.
OpenST Protocol v0.9.2 released in Q1 2018, enabled token transfers between BT holders and provided REST APIs for OpenST.
OpenST Protocol v0.9.3 released in Q3 2018, decentralized the Gateway between Ethereum and OpenST auxiliary chains, enabling any actor to move ownership across the gateway, transforming value tokens on Ethereum into utility tokens on the utility chains and back.
OpenST Protocol v0.9.4 released in Q4 2018 introduces TokenHolder Contracts, TokenRules Contracts, and Token Rules. This will enable user-friendly wallets, smart contract development, and token transfer experiences to be deployed for mainstream apps running on OpenST.
Openst Mosaic was first presented at ETH Berlin on 7 September, 2018 and then introduced worldwide at the Upbit Developer Conference on 13 September, 2018. The Mosaic Paper was published for community review on 11 October, 2018.
Mosaic is a protocol for scaling blockchain economies to billions of users. Mosaic builds on the work of Tendermint and Casper FFG, and introduces the concepts of meta-blockchains at layer-2 and atomic asynchronous messages between contracts on the origin blockchain and the meta-blockchains. As a result Mosaic can finalize thousands of transactions per second on Ethereum at a lower gas price.
Mosaic introduces a set of Byzantine fault-tolerant (BFT) consensus rules to compose heterogeneous blockchain systems into one another. Decentralized applications can use Mosaic to compute over a composed network of multiple blockchain systems in parallel.
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.
Where to Buy Simple Tokens
Simple Tokens (“ST” on etherscan and commonly referred to as “OST” aka “Open Simple Token“) are a cryptocurrency minted by OpenST Limited that can be used for staking when minting Branded Tokens within the OpenST protocol. Simple Tokens can be purchased only through third-party exchanges.
Any organization can build software and services on OpenST. The Foundation also supports ongoing development of OpenST and related technologies.
The OST (Open Simple Token) company is developing some of the first OpenST-based solutions and providing sales and marketing support to the OpenST community.
We encourage other companies to contact us to learn about developing on OpenST.
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:
- 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.
- 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.
- To designers offering proposals for wallet skins, token branding, and other user experience enhancements.
- 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 firstname.lastname@example.org.