Review on Standard Tokenization Protocol by francis fernandez
interoperability without barriers
When trading assets or looking for investment options we run into some stumbling blocks; one of them is that we cannot access several protocols through a single platform; This causes us to lose time as well as increase the costs of using different blockchains.
The technology used by the Standard Tokenization Protocol offers us an effective solution to this common problem; since its purpose is to achieve compatibility of tokens with multiple blockchains; by complying with the issuer's validation procedures to verify that they comply with the conditions established by them.
What validation mechanism does this network use?
To achieve interoperability of different tokens on different networks; the Standard Tokenization Protocol uses the Onchain STP Verifier; which is responsible for ensuring faithful compliance with the guidelines of other networks on a constant basis. This allows:
• Issuance of fully compatible digital assets
• Tokenization of multiple interoperable assets
• Access and create automatic liquidity markets from the start
• Participation or access to ICO
• Expansion of the investment portfolio for traders and investors
• Cost savings due to rates for the use of different networks
• Access to onchain crowfunding to ensure the return of the STP token, using a smart contract
• Empowers all token issuers and aligns them for the growth of a more robust network
• Allows you to get rewards for staking your currency
• Reward the members of the Governance Committee or validator
Given these valuable qualities of the Standard Tokenization Protocol platform, we have no doubt of its great utility for all players in the crypto world including developers, founders, investors, traders and users in general. Undoubtedly a valuable ecosystem that promotes the consolidation of a global network for the approval of digital assets.
Pros
- Allows token interoperability between multiple chains
- Promotes the approval of asset tokenization procedures
- Create fully transferable digital assets
- Offers an application for mobile devices
- Wide range of asset investment options for traders and investors
Cons
- It does not show disadvantages
