OST enables you to easily and safely create your own Branded Tokens on highly scalable OpenST Side Blockchains, allowing you to benefit from having a crypto-backed token economy for your business, without the effort, costs, and challenges involved with doing it all yourself.
The OpenST technology protocol enables Branded Tokens to be created on side blockchains by staking OST on the pubilic Ethereum blockchain. In alpha, your Branded Tokens are created, or "Minted," by staking OST⍺ on Ethereum testnet. OST⍺ is a test version of the OST cryptocurrency that tracks the public market value of OST.
The staking of OST KIT⍺ functions as a reserve against your token, backing the value of your tokens. There is no cashing-out or exchanging of Branded Tokens in alpha.