Simple Token Announces Exclusive Debut Listing of OST on Binance Exchange

HONG KONG, Dec. 19, 2017 /PRNewswire/ -- Simple Token, the onramp for mainstream businesses to tokenize, today announced the unlocking and distribution of Simple Tokens ("OST") purchased during its recent token sale, enabling the OpenST protocol to move from Ethereum testnet to mainnet. Simultaneously, OST has been listed on the rapidly-growing Binance exchange under an exclusive debut arrangement designed to enable companies and individuals interested in making use of OpenST to be able to purchase OST on one of the world's most popular third-party marketplace for cryptocurrencies.

The listing follows the recent close of Simple Token's successful public token sale, during which the company achieved 189 percent of its original sales target, with more than 6,000 unique buyers globally purchasing approximately US$21 million OST.

The unlocking of OST and release of OpenST 0.9.1 enables blockchain developers to replicate the protocol on the Ethereum mainnet, make use of the scalability and performance capabilities of OpenST defined side blockchains, and begin preparing branded token implementations.

With the listing of Simple Token on the Binance exchange, the crypto community--particularly developers and organizations aspiring to launch branded tokens with the Simple Token protocol and software--will have a highly-regarded, global, top-tier platform on which to easily purchase OST. 

"We like the strategic approach of OST's results-driven team and its growing community.  We believe the collective efforts of focused projects like this are necessary to move the blockchain industry forward," said Changpeng Zhao, founder and CEO of Binance.

The Binance exchange serves the global crypto community with industry-leading architecture, performance, security and throughput, and delivers multilingual and multi-device support for leading coins on the market.

"Our community has proven to be a tremendous global groundswell," said Jason Goldberg, CEO of Simple Token. "While the initial token sale was successful, our focus has always been on the long-term benefits and potential of our project. Listing on Binance is a major step toward empowering an even broader set of mainstream businesses and consumers to embrace and benefit from blockchain."

Simple Token enables any business to easily launch their own digital currency powered by OST and the OpenST protocol. Contact [email protected] with inquiries concerning getting your business onto the world's first viable inter-exchangeable blockchain ecosystem.

Join the Simple Token conversation on Telegram to speak directly with the project's founders and developers.

About Binance
Binance is the fastest growing crypto asset exchanges in the world. Founded by a team of fintech and crypto gurus, it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the market. The platform focuses on security, robustness, and execution speed, attracting enthusiasts and professional traders alike.

About Simple Token
Simple Token, founded by serial entrepreneur Jason Goldberg, enables mainstream applications to deploy their own branded crypto-backed token economies, in a scalable and cryptographically-auditable manner, without needing to mint and maintain their own publicly-tradable crypto tokens. Simple Token enables any company to create, launch, and manage their own branded digital token economy on open and highly scalable side-chains anchored to the Ethereum mainnet, without in-depth blockchain development requirements. For more details on Simple Token please visit http://simpletoken.org.

Media Inquiries:
Lawrence Smalheiser
SparkPR for Simple Token
[email protected]  
(415) 504-3694

SOURCE Simple Token

Related Links

https://simpletoken.org