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
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.
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.
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.
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 email@example.com.