Token Sale

All about the private and public token sale.

When did the ICO take place?
The public OST "Open Simple Token" ICO took place between 14 November, 2017 and 1 December, 2017. In total, 6871 unique purchasers from 130 countries purchased 261,070,175.3 Simple Tokens (including all bonuses) for a total 46,828 E...
What is the distribution of the Simple Tokens?
OST holds a total of 800,000,000 tokens. This is a finite amount with no ability to mint more. 32.63% of supply was sold in the first token sale.  27.2% reserved for the Network Accelerator Program. This is a pool created for seeding promising...
How will you use the funds? How does the community ensure the funds are going there?
OST token sale funds will be used for the development of the protocol, prototypes and proof-of-concepts, marketing, strategic partnership developments, operations, legal, security and administrative expenses. The Foundation shall also support pro...
Were there any countries excluded from the token sale?
Residents of the following countries were not eligible to participate in the token sale: Afghanistan, Bosnia and Herzegovina, Central African Republic, China, Cuba, Democratic Republic of the Congo, Democratic People’s Republic of Korea, Eritrea,...
When is the second OST token sale?
The OpenST Foundation may decide to hold additional token sales in the future as milestones are achieved. 14.56% of the token supply is reserved for the future token sale, locked in smart contract for a minimum of 6 months. All purchasers in ...
How are the KYC records collected during the ICO kept?
We take privacy and security very seriously. Here are the steps that we have taken: 1. Data transfer happened over secure connection using HTTPS. 2. All data is stored in an encrypted form on the server. Each user's data is encrypted...