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Standard Tokenization Protocol

The STPT (Standard Tokenization protocol) token is the native ERC-20 token of the STP network aspiring to create a decentralized network that will support the discovery and usage of digital assets across various communities. As its first order of business, the STP team is trying to promote the project in South Korea, the USA, and China first, before going to the other markets.

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What Is Standard Tokenization Protocol?

The STPT (Standard Tokenization protocol) token is the native ERC-20 token of the STP network aspiring to create a decentralized network that will support the discovery and usage of digital assets across various communities. As its first order of business, the STP team is trying to promote the project in South Korea, the USA, and China first, before going to the other markets. STPT complies with the existing regulations and also determines the way the ownership of the tokenized assets is created, transacted, and received. 

The users get access to the multi-chain assets and new financial products on various blockchain networks but without excessive fees and over-collateralization. Users can tokenize the asset by locking up the collateral in the form of stablecoin. STPT can be burnt after receiving the locked-up funds. 

Within the ecosystem STPT coin can be used as a payment method for the platform’s services, but it also allows the holders to take part in airdrops, micro offerings, and virtual staking on the platforms like Blockzone.com. The future goal of the project is to provide the users with an opportunity to utilize the protocol’s on-chain Compliance Validator to approve common compliance requests (KYC, AML, accreditations, etc.) and also for compliance with issuer-specific requirements. 

The initial supply is $2 billion coins, but as the tokens burn every day according to the Proof-of-Business, Micro Token Offering, Fast Unlock programs, the amount is continuously decreasing. At the same time, the tokens are being released according to the schedule, saying that the whole supply will be out by February 2023. 

Currently the project team is working on token integration with the different platforms and also actively looking for partnerships with global companies and projects. Another short-term goal of STPT is to start Ambassador Programs to promote decentralization and total distribution all over the world.

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