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STP Network (STPT)STPT
$0.050967
6.34%
STP Network (STPT)
STPT Price
$0.050967
6.34%
Rank
#266
Market Cap (24H)
$84.13M
6.34%
Volume (24H)
$35.28M
380.58%
Circulating Supply
1,650,656,549
Transp. Vol.
Grade
1H1D1W1M1Y
+6.34%
STP Network logo
STPT
United States Dollar logo
USD
ETH0xde7d8...f3e2adb
ETH
Verify address & DYOR
Contract
ETH0xde7d8...f3e2adb
ETH
Verify address w/ multiple resources & DYOR
Blockchain
Websitehttps://stp.network/
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STP Network is an open-source standard that is used to issue tokenized assets for the projects. The tokens based on the...Read more
Prediction

STP Network Price (STPT)

STPT Daily Performance

Today's STP Network price is $0.050967, which is up 6% over the last 24 hours. STP Network's market cap is $84.13M. 24 hour STPT volume is $35.28M. It has a market cap rank of 266 with a circulating supply of 1,650,656,549 and max supply of 1,942,420,283. STP Network is traded on exchanges. STP Network had an all-time high of $0.19815 10 months ago. Over the last day, STP Network has had 0% transparent volume and has been trading on 46 active markets with its highest volume trading pairs being .

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STP Network Statistics

STP Network Price (24hr)$0.050967 (+6.34%)
Market Cap$84.13M (+6.34%)
Trading Volume (24hr)$35.28M (+380.58%)
Transparent Vol. (24hr)
Unknown
Transparency GradeUnknown
Circulating Supply1,650,656,549 (84.98%)
All-Time High
$0.19815-74.28%
10/7/2021 (10 months ago)
7D Price Prediction
$0.05338

Price

$0.050967
Price Change
$0.003039 (6.34%)

All-Time High

$0.19815
Date of ATH10/7/2021
Days Since ATH308
% of ATH25.72%
Price vs ATH

Market Cap

$84.13M
Mkt Cap Change
$5.02M$5,016,424 (6.34%)
Mkt Cap Rank266
Mkt Dominance
Mkt Dominance

Circulating Supply

1,650,656,549
Max Supply1,942,420,283
% in Circulation84.98%
% in Circulation

About STP Network

STP Network is an open-source standard that is used to issue tokenized assets for the projects. The tokens based on the STP standard employ the protocol of on-chain compliance validator for verifying compliance with required regulations. The company behind the project is a Singapore-based company. The release was announced on May 29, 2019. STP Network is presented globally and has users in the US, Korea, Russia, China, and Southeast Asia.

The platform serves the projects that want to tokenize their assets, highlights compliance and ensures region-specific regulations such as AML (anti-money laundering) and KYC (Know Your Client) requirements.

STP Network’s goals

The main idea of the project is to combine the benefits of IPO, ICO, and blockchain smart contracts. The founders of the STP protocol understand that it’s hard for many companies to enter an IPO as it takes much academic and financial research for a company to conduct an initial public offering. It can take years for the company to go public. Besides, this is a very expensive procedure.

But even the companies that can cope with these problems find it hard. The IPO process turned out to be rather disruptive for business operations as the employees are more focused on investor presentations during the procedure. This is done at the expense of real business development. Taking into account numerous shortcomings of IPOs, ICOs become a perfect solution for the enterprises, which need to raise funds without being distracted. However, there are many unclear points about legal issues. When the problems are eliminated, legal protection disappears as well, therefore, Know-Your-Customer (KYC), investor accreditation, and Anti-Money Laundering (AML) policy were introduced.

There is a high risk of noncompliance issues with securities regulations. STP token offerings provide the way of execution token offerings in a compliant and transparent manner. The solution combines features of IPOs and ICOs along with smart contract programmability. This is beneficial as this is a less expensive and more cost-effective method – it helps to raise funds faster. It is asserted that the STP protocol handles all regulations that are important for security tokens.

STP Network technology

The on-chain Compliance Validator checks jurisdictional and issue compliance. Its task is to provide compliance to the laws of jurisdictions and to comply with parameters and limitations imposed by the issuer. The issuer can ask to implement some specific requirements such as ‘one vote per token’ or limitation on the number of tokens in ownership (no more than 49%, for instance).

This can be done even if 100% of the token supply is in circulation. The on-chain Compliance Validator can handle such tasks with ease. Gas is pooled to be paid to stakers and members of the regulatory committee. The company enables the automatic distribution of programed dividends and other new assets. It’s also worth mentioning that the platform uses a new Proof of Business concept pioneered by Block72.

STP tokens

STP was the first token to be tokenized with the help of Standard Tokenization Protocol Standard to deliver the first example. This is an incentive structure aligning its participants and strengthening the network. The Standard Tokenization Protocol is used by members who fractionalize legal ownership of their assets. Created on the STP standard, the assets conform to the regulatory framework. In this way, issuers don’t have to bear the burden of compliance as this problem is solved already. STP token is used as gas for smart contracts to incentivize validators to prove that the transaction meets the requirements.

Assets tokenized via STP are compliant with global jurisdictions and can be transferred across any blockchain platform. It’s possible to use STP for creation, structuring and execution of tokenization for their offerings, getting liquidity, rapid and effective performance along with compliance assurances.

STP Network’s ICO and other details

During the ICO in May 2019, the company raised 7 million USD selling its STP tokens in two rounds. 5 million USD was raised in the first round of ICO and 2 million USD in the second one. The list of investors includes BlockVC and Neo Global Capital.

STP was listed on Coinone, Korean digital currency exchange on December 16, 2019, where the token is traded against the South Korean Won now, making the positions of the crypto coin more solid in the market of South Korea. Also, the cryptocurrency is traded on Bittrex International, Upbit, and BitMax exchanges.

It’s possible to earn by staking STPT with monthly staking interest up to 30%. 1000 STPT in the stake is the minimum amount required for that and 1200 STPT if staked on Coinone. The staking period lasts for 30 days with an automatic rollover into the next period. The yield depends upon the duration of the staking period.

Allocation of tokens: 25% + 5% of tokens is for private sale, round 1 and 2 correspondingly; 3.75% - unlocked on listing IEO, 25% goes to validation rewards; 15% is allocated for the development of STP ecosystem and 15% - to Block72 company; 7.50% - is provided to the Community; 3.75% - to STP team. The tokens are gradually unlocked.

STP team and partners

STP network was founded by Mike Cheo (CEO), who is also a founder of a cryptocurrency GBIC and takes the position of CEO in Block72, a global blockchain consulting company. The other co-founders of the platform are Sinhae Lee with experience in such companies as Coin inc and NerdWallet and Richard Lee who worked for the Infinity Group and was a partner of Blackmar Capital and GBIC.

The STP ecosystem includes diverse industry partners such as crypto exchanges, investment funds, token projects, etc. The partners of the ecosystem participating in Micro Token Offering events can win unlocked tokens of projects from the STP ecosystem. They also get additional resources and discounts. The members of the ecosystem can take advantage of their membership sharing resources and collaborating with each other.

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STP Network Markets

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STP Network Historical Data

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Frequently Asked Questions

  • What’s the current STP Network price? How much is 1 STP Network worth?

    The price of 1 STP Network is $0.050967. Over the last 24 hours, a STP Network is worth 6.34% more. Visit our currency converter page to convert STPT prices to currencies other than USD.
  • When did STP Network start?

    The earliest trading data for STP Network is on June of 2019 (based on current exchange data).
  • How high can the STP Network price go?

    STP Network’s price has gone as high as $0.19815 (which is STPT’s all-time high). It achieved this price 10 months ago. Speculations abound for how high STP Network’s price will get in the future.
  • What's the smart contract address for STP Network?

    STP Network's smart contract address is 0xde7d85157d9714eadf595045cc12ca4a5f3e2adb.

Today's STPT / STP Network News for August 11, 2022

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