$0.0148
1H
4.33%$0.0006
24H
-6.38%$-0.0010
7D
-11.10%$-0.0019
OST stands for “Open Simple Token” and OST KIT is built on OpenST, our protocol for mainstream business adoption of Blockchain. The OpenST protocol allows for the staking of $OST on Ethereum mainnet against minting branded tokens on the OpenST network of side blockchains. This enables mainstream businesses to launch their own branded crypto-currencies on the OpenST network, backed by staked OST, affording for higher throughput and transaction volumes than currently possible to achieve on public Ethereum. The OpenST platform allows Ethereum smart contracts to run faster and cheaper while leveraging the security properties of Ethereum’s Proof-of-Work.