Rank 219



Avg. Price

$0.023552 USD

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What is OST?

  • Token

The OST software platform helps businesses gain competitive advantage from blockchain and turn the potential of decentralization into reality. The OpenST Protocol establishes a bridge between the Ethereum value blockchain and a (number of) utility blockchain(s). Value tokens on Ethereum (e.g. $OST) are transposed into utility Branded Tokens of equivalent value ("BT") on the utility chains and are at all times redeemable by the users for the staked value through the protocol. Application developers can design the token behavior that applies for their specific utility token with transaction types. Users can stake $OST on Ethereum and receive an equivalent amount of BT within the application. The utility chains are powerful enough to host a decentralised key management smart contract engine that provides a smooth user experience for users within applications while retaining key ownership with the end-users.

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