The OpenST Foundation is a non-profit Hong Kong membership company. The Foundation’s mandate is to support ongoing development and utility of the OpenST protocol, provide administrative oversight to the OST token economy, and to further the OST ecosystem.
Our partner, the Simple Token company, is developing some of the first OpenST solutions.
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
Simple Token ["OST"] is an ERC-20 token and OpenST is a protocol to support token economies in mainstream consumer applications. The business and technical challenge we set out to solve is to enable mainstream consumer 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 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.
The smart contracts that implement the core of the protocol. These contracts enable a member company 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.
The web3 extension and API’s for any company to integrate their branded tokens into their consumer application. Available under GNU LGPLv3 license.
Simple 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 with 189% target achieved.
OST Token Sale - 189% of Target Achieved
The Simple Token sale was held from 14 November to 1 December, 2017. In overwhelming numbers and with increasing enthusiasm, the blockchain community voted with their ETH in support for the Simple Token mission to empower cryptocurrencies for digital communities. 6871 unique purchasers from 130 countries purchased 261,070,175.3 OST for a total 46,828 ETH, achieving 189% of our target. We give all credit where it’s due: To the community. Thank you.
Featured Development Partner
The Simple Token company is developing some of the first OpenST solutions and providing sales and marketing support to the OpenST community.
Connect with Simple Token to learn about their OpenST solutions and to kickstart your OpenST implementation.
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.