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. The project has raised $7.75MM via private and public token sales, and is founded by Mike Chen, Sinhae Lee, and Richard Lee.
Planned functionalities for the STP Network include enabling users to utilize the protocol’s on-chain Compliance Validator to verify compliance with relevant regulations (e.g., KYC, AML, accreditation), as well as any issuer-specific requirements (e.g., ownership concentration, holding periods, voting).
The STPT token is an ERC-20 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.
1. What is the STP Network (STPT)?
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 ERC-20 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.
2. Economics and supply
The token supply distribution is as follows:
Bittrex IEO Sale tokens comprise 3.75% of initial total supply. It was conducted on June 11th, 2019 for 0.01 USD / STPT and raised a total of 0.75MM USD at an average rate of 7,937 USD = 1 BTC. The Bittrex IEO Sale was conducted in BTC only, and raised a total of 94.5 BTC.
Private Sale 1 tokens comprise 25.00% of initial total supply. It was conducted from April 18th to 25th, 2019 for 0.01 USD / STPT and raised a total of 5.00MM USD at an average rate of 5,471 USD = 1 BTC, and 165 USD = 1 ETH. The Private Sale 1 was conducted in USDT, BTC, and ETH, and raised a total of 1.59MM USDT, 151.67 BTC, and 15,640 ETH.
Private Sale 2 tokens comprise 5.00% of initial total supply. It was conducted from May 18th to 25th, 2019 for 0.02 USD / STPT and raised a total of 2.00MM USD at an average rate of 7,945 USD = 1 BTC, and 252 USD = 1 ETH. The Private Sale 2 was conducted in USDT, BTC, and ETH, and raised a total of 1.58MM USDT, 38 BTC, and 470 ETH.
Team tokens comprise 18.75% of initial total supply.
Token Treasury tokens comprise 7.50% of initial total supply.
Token Reserve tokens comprise 40.00% of initial total supply.
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.
STPT token distribution (%)
STPT token release schedule
3. STP Network's community overview
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 the STP Network include:
Expanding the STP Ecosystem, focusing on forming partnerships with projects, service providers, exchanges, funds and other major players.
Conducting Micro Token Offerings, airdrops and events on Blockzone.com to promote community engagement.
Continuously engaging with the community via online social channels.
Regularly updating the community with quarterly progress updates and token burn announcements.
Future community growth strategies of the STP Network include:
Continuing the integration of STPT as a utility token for different platforms like Cobak.
Forming partnerships with top global companies and projects in the digital assets space.
Launching Ambassador Programs to promote global decentralization and token distribution.
Community and social channels
Telegram (English)
Twitter (English)
Medium (English)
Kakao (Korea)