Public Chain Infrastructure
Launch your own Branded Tokens and turn your business into a dynamic ecosystem. The OpenST protocol enables any business to stake Simple Tokens against minting their own Branded Tokens. The Simple Token Software-as-a-Service gives you the tools to manage, customize, and analyze your token economy.
The OpenST protocol establishes a bridge between the two blockchains, Ethereum mainnet and the Simple Token sidechain. Using a staking contract on Ethereum mainnet, and a corresponding minting contract on the sidechain, the protocol can atomically transfer tokens between the two chains, and thereby mint branded tokens on the sidechain by staking ST on the Ethereum mainnet.