Crypto Startup Collects $750 Grand in 8-Second Token Sale

Crypto startups leave no stone unturned in spell-bounding the conventional ecosystem investors. Recently, a token sale for Standard Tokenization Protocol raised $750 Grand. Interestingly, it got sold out within 8 seconds of token-sale starting, a news release asserted on June 11.

The aforementioned project mentions that it offers an open-source, decentralized standard for the issuance and tokenization of any asset.

It is to be noted that the token sale took place on Bittrex. Subsequent to the IEO, Standard Tokenization Protocol founder Mike Chen mentioned that they are thrilled to move ahead with putting into practice a authoritative funding mechanism for other companies that possibly will potentially save billions in funding expenses while remaining completely compliant in any jurisdiction.

As well as being collected as fees and used for gas to help pay compliance validators, Standard Tokenization Protocol mentions its tokens can be staked and fuel an incentivized governance model that make validators proficient and truthful.

A total of seventy five million STPT tokens were sold during the Initial Exchange Offering. As reported by CoinAdvice last month, Standard Tokenization Protocol previously raised $7 million through 2 private funding rounds led by well-known venture capitalists.

Furthermore, in the month of May, opponent company Tokenized instigated a protocol facilitated businesses to form tokens for real-world assets including admission tickets, shares, and memberships on the Bitcoin SV blockchain.

Related Posts

Leave a Reply

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.


In, ,
Reports: China Mulling Over Banning Bitcoin Mining
April 10, 20190
blockchainIn, , ,
Bitcoin Approaching Bottom, Institutional Money may “Explode Crypto”, as per Dollar Vigilante
January 14, 20190


In, , ,
PwC Divulges New Tool for Auditing Digital Asset Transactions
June 22, 20190
In, , ,
Firefox Flaw Used in Attacks Against Coinbase Employees, Tweets Researcher
June 21, 20190

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin10,850.22 0.52 % 1.87 % 18.06 %
Ethereum306.96 0.07 % 0.69 % 13.34 %
XRP0.462 0.24 % 2.45 % 7.22 %
Litecoin135.78 0.01 % 3.09 % 0.04 %
Bitcoin Cash472.89 0.11 % 2.03 % 9.64 %