This a long overdue review of one my most promising investments as I was an investor on Day 1 of this project when it went on stage a couple of months ago. The goal here is to compile as much information as I can find, from medium articles to youtube videos to tweets, indicating why I think Simple Token has a bright future, and serves as an unexpected solution to the problem of SCALING the Ethereum Blockchain.
https://www.reddit.com/r/Simple_Token/?st=JBOLADN3&sh=d8979617
https://medium.com/simple-token/simple-token-prepares-flying-start-to-2018-12154670dae9
Introductory Video :
As we witnessed with the pathological release of crypto kitties infiltrating every sector of crypto society hosted on the Ethereum Blockchain, congestion as never seen before bogged down the Great Ethereum. This was to be expected of course. But here comes Simple Token with the following article :
https://medium.com/simple-token/crypto-kitties-a-puuuurfect-use-case-for-simple-token-717f3a58df14
which, when you read it, a lightbulb illuminates your brain, and you realize trying to launch crypto kitties on the main Ethereum Blockchain was completely unnecessary as this gentleman telegram so eloquently explains :
I read that and I realized just how lucky I am to have been involved since the ICO!
By the way here are the two groups you need to be in :
https://t.me/sttraders : for all of us concerned with price talk
https://t.me/stofficial : everything else
https://t.me/STofficial : specifically for new announcements
So anyway what is Simple Token?
Well, it's a "Cryptocurrency to Power Digital Communities. Easily launch digital currencies on open Ethereum sidechains and turn any business into a dynamic ecosystem."
This is an ingenious idea. To work with what already exists rather than trying to reinvent the wheel.
The following medium article is what you really need to know :
https://medium.com/simple-token/openst-0-9-1-released-d6d5a24d52de
"Today we are releasing OpenST v0.9.1 which marks the move of OpenST from Ethereum testnet to mainnet, as well as several important steps towards mainstream businesses launching their branded token economies with Simple Token.
The OpenST protocol allows for the staking of Simple Tokens “OST” on Ethereum 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.
OpenST is a layer-2 protocol that extends the capacity of Ethereum mainnet.
In this 0.9.1 release we implement the first cornerstone of the OpenST protocol: the ability to stake value on Ethereum mainnet and mint a new representation of that value on a utility chain, effectively increasing the computational capacity of Ethereum mainnet by sharding across different cores. OpenST smart contracts have also been restructured to store value separately from the logic that implements the protocol.
With v0.9.1 the first OpenST utility chain has been linked up with Ethereum mainnet."
•••
Amazing. Do you not see the obvious value here? Just think of the possibilities!
Imagine an Ethereum/EOS running on Substratum's Uncensorable Decentralized Web 3.0 and countless businesses busily minting and issuing there own Branded Tokens using the OpenST protocol of Simple Token creating an ecosystem of ecosystems... This is absolutely incredible. If you aren't jumping out of your seat in excitement you just haven't a clue what's coming. You can't hide astonishment. The future is here my friends! Let's fuckin' build!
Anyway.
Proceeding onward with a litany of other perspectives on the matter.
Meet Jason Goldberg, the founder and CEO of Simple Token, explaining it very clearly their vision in ten short minutes :
Look at that sparkle in his eyes. That's the sparkle of an insight which is the knowing that what you have invented is going to change everything.
Here's another video. Only five minutes if ten minutes is just too staggering a task on your attention span :
Here's their youtube channel so you can have a look through there for yourself : https://www.youtube.com/channel/UCrDo4vSElgUa_HzdvYqBZTA
I can't not include this milestone update:
OpenST protocol and platform released to the public under open-source licenses
This is probably my favorite video of Jason King Midas Goldbug :
And a final video if you truly are patient enough to listen for 90 minutes :
Knowledge is power my friends. Use it. Knowledge is spiritual currency.
What follows is the last, but not least, strongest video on Simple Token from someone completely unrelated to the project (absolutely essential to have independent perspectives) :
Another article on Simple Token written by Jason Goldberg :
'Insider Reflections on the ICO Bubble, Part II: What it takes to ICO.'
https://hackernoon.com/insider-reflections-on-the-ico-bubble-part-ii-what-it-takes-to-ico-73a93685197a
How can I forget to link the whitepaper ?
https://drive.google.com/file/d/0Bwgf8QuAEOb7Z2xIeUlLd21DSjQ/view
•••
That concludes my mission for the day, which was to bring together into a powerful nexus all of the information you need to begin your queries into what Simple Token has to offer the world and your business if you just so happen to be a business owner and are reading this.
To all the noobies, welcome to the brave, novel, and truly free decentralized world of crypto.
It is our new reality.
Peace be with you and good luck on your investments.
Your decisions are doors.
Oh, and of course we need a snapshot of what's going on exactly right now to conclude :
Christmas sales... Christmas sales everywhere.
Which tokens will YOU be loading up on for 2018?
2018 is going to be staggering, mind-blowing, astonishing, jaw-dropping, absolutely incredible.
My top 5 recommended alts in case you're wondering besides BTC and LTC are #Substratum, #Ethos, #PowerLedger, #Encrypgen, and #Simple Token.
Great article on a great project!
Thanks! You're the "handsome man" from the telegram! hahaha
Good writing, thankx, I also believe this could be one of the most promising for 2018, others in my view could be DNA, Metal, Voxels, BAT and maybe Lisk (?).
:) really good one...
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://medium.com/simple-token/openst-0-9-1-released-d6d5a24d52de