Question 1

How Much Does OST Currently Cost?

Accepted Answer

The current price for OST is ADA 0.00066117, with a 24hr change of +0.00%.

Question 2

What Exactly is OST?

Accepted Answer

OST, which stands for Simple Token, is a blockchain-based service that simplifies the process of tokenizing assets for businesses. It allows companies to have their own branded tokens and set up their own crypto-based economies powered by the Ethereum network. This approach essentially eliminates the technical and financial obstacles traditionally associated with launching a blockchain infrastructure from scratch.

Question 3

Who Created OST?

Accepted Answer

OST's founding team is led by CEO Jason Goldberg, a seasoned entrepreneur with an 18-year career spanning multiple countries and industries. His partners include CTO Sunil Khedar and Chief Blockchain Strategist Ben Bollen. Backed by well-known investors, including 500Startups, Greycroft, and China’s Tencent, the team's dedication and expertise are recognized across the blockchain community.

Question 4

How does OST work?

Accepted Answer

OST operates through its own side chains rather than the Ethereum Main Net, which helps to avoid instances of network congestion and allows transactions to run at faster speeds. Its technology includes an array of tools such as ostKYC, an identity verification solution using the OST token for all billing purposes, and ostKIT alpha, a comprehensive blockchain toolkit for businesses. OST is also working on a block explorer, an enterprise-grade email marketing solution, and a consumer-oriented wallet.

Question 5

What makes OST Unique?

Accepted Answer

What sets OST apart is its ability to allow any business to easily tokenize their assets and operate in their own branded crypto economy. Unlike other tools that might require extensive technical knowledge or prohibitively high costs to set up a blockchain infrastructure, OST simplifies the process and makes it accessible to a wider range of businesses. Additionally, the use of side chains instead of the Ethereum Main Net helps to avoid network congestion and speed up transactions, enhancing efficiency.

Question 6

How many OST tokens are currently in circulation?

Accepted Answer

The current circulating supply of OST tokens is 691.5M.

Question 7

Are there any noteworthy updates from the OST team?

Accepted Answer

The OST team is constantly at work developing and improving their platform. As of now, they're just about ready to release the ostKIT alpha tool which provides businesses with a full suite of blockchain tools. Alongside this, OST’s identity verification solution ostKYC is already live, making use of OST tokens for all its billing requirements. They're also working on a block explorer and an email marketing solution, as well as a new, updated version of the Simple Token protocol.

Question 8

Where can you buy OST?

Accepted Answer

OST can be purchased from the following exchanges: Huobi.pro, Binance, UPbit.

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