A token sale for Standard Tokenization Protocol raised $750,000 and sold out within eight seconds, a news release claimed on June 11.The project says it offers an open-source, decentralized standard for the tokenization and issuance of any asset.
"We are excited to move forward with implementing a powerful funding mechanism for other companies that could potentially save billions in funding costs while staying fully compliant in any jurisdiction."
As well as being collected as fees and used for gas to help pay compliance validators, STP says its tokens can be staked and "Fuel an incentivized governance model that keeps validators efficient and honest."
A total of 75 million STPT tokens were sold during the IEO. As reported by Cointelegraph last month, Standard Tokenization Protocol earlier raised $7 million through two private rounds led by prominent venture capitalists.
Rival company Tokenized launched a protocol enabling businesses to create tokens for real-world assets including shares, admission tickets and memberships on the Bitcoin SV blockchain.
Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale
gepubliceerd op Jun 11, 2019
by Cointele | gepubliceerd op Coinage
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