OST KIT⍺

OST KIT⍺ is the first public version of our complete blockchain toolkit for businesses.

What is the OST KIT⍺ Early Adopter Program?
Details about the Early Adopter Rewards Program Registration for the Early Adopter Rewards Program is closed. The program ended on 27 March, 2018. Rewards will be distributed by 5 April, 2018. LATEST UPDATE IN OUR MEDIUM POST IMPORTANT ...
How do I decide the conversion rate for my economy?
There are three steps to creating a Branded Token "BT" economy powered by OST: Set Conversion rate of your BT to OST (in alpha, BT to OST⍺). Setup Transaction Types Mint Tokens One of the core principles of OST is enabling you ...
How are Branded Tokens and OST related?
You will mint your own Branded Tokens on OpenST test side blockchains, by staking OST⍺ on Ethereum testnet. OST⍺ is a test version of the OST cryptocurrency that tracks the public market value of OST. Branded Tokens are only tradable within y...
What is the value of OST⍺ and does it change?
OST⍺ is a test version of the OST cryptocurrency that tracks the public market value of OST. The value of OST⍺ is updated hourly based on the public trading value of OST on Binance.  OST⍺ can only be used within OST KIT⍺; it has no monetary v...
Can I change my conversion rate?
Once you mint your token, the conversion rate is fixed and cannot be changed. Your customers will always be able to redeem their tokens for OSTα at that conversion rate. You can modify the conversion rate until you mint your tokens. Your toke...
What are actions and action amounts?
An action represents a core action or event for your business, for example, a "like," "share", "purchase," "API call," "view," "download," "reward," "monthly winner" ...
What are the different types of actions?
There are 3 different types of actions possible in OST KIT⍺: User to User: Peer to peer actions are between two users. Examples could include: "Pay for Services" or "Transfer Money" or "Tip" or "Thank" ...
What is a Price Oracle?
The OST Price Oracle enables you to set prices in $USD such that even if the market price of OST goes up and down, the relative price of the goods or services in your token economy does not change. For example a company could decide that 1 &q...
What are Comissions on Transactions?
OST KIT enables you to collect transaction commissions (revenue) on user-to-user transactions. You can set the transaction commission your company collects on each user-to-user transaction as a percentage of the transaction value.  For ex...
How do you set Action Amount?
You can set the amount of your action in either $USD or based on the number of Branded Tokens. You also have an option to set a static amount for your action or provide the amount dynamically at the time of executing the action. For example,...