The STP ("Standard Tokenization Protocol") Network aims to build a decentralized network designed to facilitate the discovery and usage of digital assets across global communities. The STP Standard defines how ownership of tokenized assets are generated, issued, sent, and received while complying with all necessary regulations.
Currently, the STPT token is an ERC20 platform token that allows users to participate in events like airdrops, bounties, Micro Token Offerings, and virtual staking. Additionally, STPT can be used as a payment currency for services within the ecosystem.
According to the original whitepaper, future plans for the STP Network include enabling users to utilize the protocol’s on-chain Compliance Validator to verify compliance with relevant regulations (such as KYC, AML, accreditation, etc.), as well as any issuer-specific requirements (such as ownership concentration, holding periods, voting).
The STPT token will then allow holders to vote to elect a Validator Committee, who will ensure that the Compliance Validators are enforcing the most up-to-date legislation at all times.
|Price||$0.0253 (427 sats)|
|Current Mkt. Cap||$17.38 MM|
|24H Volume||$1.71 MM|
|30 Day Avg. Volume||$1.17 MM|
|Circ. Supply||687,660,639 STPT (35.39%)|
|Initial Total Supply||2,000,000,000 STPT|
|Current Total Supply||1,943,020,283 STPT|
The initial total supply for STPT is 2,000,000,000. However, due to token burns from programs including Proof-of-Business, Micro Token Offering, and fast unlock, 56,979,717 STPT tokens have been destroyed, reducing the total supply to 1,943,020,283 as of the time of writing.
STP Network is initially focusing on building communities in Korea, China, Southeast Asia and the United States. The project will start to expand to other regions of the world as its functionalities develop.
Current community growth strategies of STP Network include:
Future community growth strategies of STP Network include: