The Gibraltar Blockchain Exchange (GBX) has admitted the OST Token to its Digital Asset Exchange (GBX-DAX). OST is now listed and available to trade, and was brought to the GBX-DAX by the Sponsor Firm KR1.
OST (Open Simple Token) is sometimes referred to as “The Simple Token Project.” It is the token that drives the OpenST Protocol, a protocol and ecosystem designed to facilitate the simple creation and deployment of token economies in mainstream consumer applications. The OpenST Protocol establishes a bridge between two differently purposed blockchains: a value blockchain, holding cryptographically secured valuable assets; and a utility blockchain, which has utility tokens whose value is backed by staked crypto assets on the value blockchain. Using OST, businesses can create and deploy their own branded utility tokens on the utility blockchain, backed by digital assets on the value blockchain.
“Widespread availability of OST is critical to our plans to bring blockchain to the mainstream, and for us to reach companies and developers who want to make use of the OpenST Protocol and OST software. Listing on GBX is a great step towards empowering an even broader set of mainstream businesses and consumers to embrace and benefit from blockchain.” — Jason Goldberg, CEO of OST
GBX Continues to Grow as a Regulated and Insured Platform
The attraction of a globally recognised, institutional-grade, regulated and insured Digital Asset Exchange is clearer than ever. Since receiving its full DLT Licence from the Gibraltar Financial Services Commission (GFSC) in November 2018, the continued influx of high-quality tokens being listed on the GBX-DAX is a clear indicator that this is what the token economy has been waiting for — a secure, trusted, regulated, and insured environment where participants can trade with confidence. As the first fully regulated digital asset exchange to be owned by a traditional stock exchange, the GBX’s unique proposition and full-service offering continue to inspire confidence amongst token issuers and digital asset holders alike.
Keld van Shreven, Co-Founder from GBX Sponsor Firm KR1 commented:
“OST is one of the most credible companies globally building out blockchain with real businesses. OST partner projects have an audience size of 400 million users. In the blockchain space that significant. We expect to see many well known global names work with OST on executing blockchain in the future and because of this we remain very bullish on the OST token.”
Nick Cowan, CEO of the GSX Group, commented on OST’s addition to the GBX-DAX, saying:
“OST’s goal is to simplify and facilitate the mass adoption of blockchain technology by mainstream businesses. By providing the framework and protocol for the creation of unique, branded, digital asset-backed utility tokens, it makes it easier for already existing consumer applications to tokenise. As a project that is working towards bringing the token economy into the mainstream, our goals clearly align, so we are thrilled to have OST listed on the GBX-DAX.”
OST Trading Pairs
OST will be available in the following pairs: