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Comment by lucd | Hacker News Reader

Simple Token is introducing a new economy of some sort.

Companies will use the OST token to tokenize their economy. To mint their own branded token (BT) they'll have to stake a corresponding amount of OST token.(according to the ratio they chosed when creating the BT) So market cap of OST tokens = combined market cap of each BT economy + value of unstacked OST tokens.

They're definitively delivering. Some partners started to mint tokens on mainnet (alpha).

https://ost.com/

https://ost.com/partners

Draft of OpenST Mosaic paper, “Running Meta-Blockchains to Scale Decentralized Applications"

https://medium.com/ostdotcom/openst-mosaic-paper-released-fo...

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After checking out the website I would say I'm very skeptical about the actual value it delivers.

This is basically a wrapper around Etheruem with more buzz words. Nothing interesting going on.

From what you say I think you looked your should have a better look. Anyone can create a token on Ethereum but how can you confer value to it? Make an ICO and list on exchanges? You may use OST instead..

https://medium.com/ostdotcom/why-lgbt-foundation-chose-not-t...

Mosaic is all about making Ethereum more scalable, whith cheaper fees..

https://medium.com/ostdotcom/worldwide-introduction-of-opens...

So you are "conferring" value to it with more buzzwords and façades and PRs? nice try.

I would like to see how long everyone in the team can keep a straight face to it before people start leaving. Well you will eventually leave after spilling out all your tokens too anyway.

Can be interesting to see who are the last remaining ones inside the start-up. (HR or sales or marketing?)

I tried to explain this in my first post.. I must have been unclear as it seems you didn't grab the concept.. Maybe you should forget everything I said and focus more on official resources.. and less on being that diminutive of a legit project.. A well-staffed one too https://ost.com/team

"The OpenST protocol enables the creation of utility tokens on a utility blockchain while the value of those tokens is backed by staked crypto-assets on a value blockchain."

https://help.ost.com/support/solutions/articles/35000054307-...

"What is Simple Token (OST)? An Overview With CEO Jason Goldberg"

https://www.youtube.com/watch?v=yreYVlV-f2s

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