![STPT](https://images.mudrex.com/STPT.png)
Standard Tokenization Protocol
STPT
Watchlist
₹3.55
LIVE
Watchlist
24H Low ₹3.39
24H High ₹3.57
Price of STPT today
The current live price of STPT today is ₹3.55, with a 24-hour trading volume of ₹31,35,26,787.05. Our STPT to INR price is updated in real-time. STPT has seen a increment of 4.62% in the last 24 hours. With a live market cap of ₹6,91,67,95,475.63 , the circulating supply is at 1,942,420,283 STPT coins, with a maximum supply of 1,942,420,283STPT coins.
Standard Tokenization Protocol Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.15 | 4.38% |
7 Days | -₹0.11 | 2.97% |
30 Days | -₹0.22 | 6.02% |
1 Year | -₹0.44 | 11.4% |
Standard Tokenization Protocol Price Information
Price Change (1hr)
4.27%
Price Change (24hr)
4.38%
Price Change (7d)
2.97%
Standard Tokenization Protocol Market Stats
Market Cap
₹6,91,67,95,475.63
Fully Diluted Market Cap
₹6,91,67,95,475.63
24hr Volume
₹31,35,26,787.05
23.73%
Circulating Supply
1942420283.03 STPT
Total Supply
1942420283.03 STPT
Things to know about Standard Tokenization Protocol
What is STPT?
STPT, or the Standard Tokenization Protocol Token, is the native cryptocurrency of the STP Network. This network is designed to facilitate the issuance and management of tokenized assets in a regulatory-compliant manner across multiple blockchains. It aims to streamline the process of asset tokenization, making it easier for assets to be represented digitally and traded on blockchain platforms. The protocol ensures that all tokenized assets comply with the necessary regulations, enabling a secure and legal environment for asset tokenization and transfer.
Tokenomics
Total Supply
: Initially set at 2 billion STPT tokens, with a mechanism for token burns to reduce the total supply over time.
Token Type
: ERC-20, operating on the Ethereum blockchain.
Utility
: STPT tokens are used for transaction fees, participation in network governance, staking, and accessing various services within the STP ecosystem.
Market Data
As of today #{today’s date}, the price of Standard Tokenization Protocol is ₹3.55 INR or 0.03938 USD, with a 24-hour trading volume of 3475906.73 USD. The market capitalisation for Standard Tokenization Protocol is 76682876.67USD. The circulating supply is 1942420283.03 Standard Tokenization Protocol, with the total supply also being 1942420283.03 Standard Tokenization Protocol.
Token Pros and Cons
Pros
Regulatory Compliance
: Ensures tokenized assets comply with local and international regulations, reducing legal risks.
Cross-Blockchain Functionality
: Supports the tokenization and transfer of assets across multiple blockchain platforms, enhancing liquidity and accessibility.
Community Governance
: Token holders can participate in governance decisions, influencing the development and policies of the network.
Utility and Incentives
: STPT tokens offer various utilities within the ecosystem, including fee payments and access to exclusive services.
Token Burn Mechanism
: Regular token burns help reduce the total supply, potentially increasing the value of remaining tokens.
Cons
Market Volatility
: Like all cryptocurrencies, STPT is subject to market fluctuations, which can lead to unpredictable price movements.
Regulatory Uncertainty
: Changes in regulatory landscapes could impact the network’s operations and token utility.
Technical Risks
: This relies on smart contract technology, which may be susceptible to bugs or vulnerabilities.
Competition
: Faces competition from other tokenization platforms and blockchain projects.
Adoption Challenges
: Widespread adoption is crucial for its success but can be hindered by market saturation and user skepticism.
Why Should You Invest in STPT?
Growing Demand for Tokenization
: As more assets become tokenized, platforms like STP that facilitate regulatory-compliant tokenization are likely to see increased usage.
Innovative Technology
: STP’s cross-chain functionality and focus on compliance set it apart from other tokenization platforms.
Active Development
: Continuous improvements and updates to the network indicate a strong commitment to the project’s success.
Community and Governance Participation
: Investors have a say in the network’s development, fostering a sense of ownership and involvement.
Potential for Appreciation
: Token burns and increasing utility within the ecosystem could lead to appreciation in the token’s value over time.
USP of the Coin
Regulatory Compliance
: STP’s emphasis on compliance with regulations for tokenized assets is a key differentiator.
Cross-Blockchain Support
: The ability to operate across multiple blockchains enhances the liquidity and utility of tokenized assets.
Community Governance
: Offering token holders governance rights ensures the network evolves in alignment with its users’ needs.
Problem the Coin is Solving
STPT addresses the challenge of tokenizing real-world assets in a manner that is compliant with regulatory standards. It simplifies the process of asset tokenization, making it accessible and legal across jurisdictions and blockchain platforms. This opens up new opportunities for asset owners and investors, allowing for greater liquidity and innovation in the asset management space.
Founder and Team Background
The STP Network was founded by Mike Chen, Sinhae Lee, and Richard Lee. The team comprises individuals with extensive experience in blockchain technology, finance, and regulatory compliance. Their collective expertise ensures the network’s focus on creating a secure, compliant, and user-friendly platform for asset tokenization.
ICO Price
Platform
: The ICO was conducted on the Bittrex platform as an Initial Exchange Offering (IEO).
Token Sale Date
: The IEO took place on June 11, 2019.
Token Price
: During the IEO, STPT tokens were priced at $0.01 USD each.
IEO Hardcap
: The hardcap for the IEO was set at $750,000 USD.
Total Raised
: The STP Network successfully raised $9.75 million through its funding rounds, which included the public sale and private/pre-sale phases.
Public Sale
: $2.75 million (28% of the total raised).
Funding Rounds
: $7 million (72% of the total raised).
Token Allocation for IEO
: The allocation for the IEO was not explicitly mentioned, but the total allocation for the token sale was 35% of the total tokens (700,000,000 STPT out of 2,000,000,000 STPT).
Returns Since ICO
: As of the data available, the STPT token price has seen a return of 6.71x in USD, 0.43x in ETH, and 0.8x in BTC since the ICO.
Pre-sale and Private Sale
Private/Pre-sale Date
: January 1, 2019, to April 30, 2019.
Private/Pre-sale Price
: $0.02 per STPT token.
Total Raised in Private/Pre-sale
: $2 million.
ROI from Private/Pre-sale
: The return on investment from the private/pre-sale phase was 2.65x in USD and had an all-time high (ATH) ROI of 14.56x.
Risks Associated in Investing in the Coin
Regulatory Risks
: Changes in regulations could adversely affect the platform’s operations and the utility of STPT.
Technical Risks
: Potential vulnerabilities in smart contracts could lead to security issues.
Market Competition
: The growing number of tokenization platforms increases competition, which could impact STPT’s market share.
Adoption Rate
: The success of STPT depends on widespread adoption by asset issuers and investors.
Price Volatility
: Cryptocurrency markets are highly volatile, and STPT’s price could experience significant fluctuations.
Whitepaper Insights
The STP Network whitepaper outlines the framework for a decentralized platform designed to facilitate the compliant issuance and transfer of tokenized assets across multiple blockchains. It introduces the Standard Tokenization Protocol (STP), an open-source standard that ensures regulatory compliance at the token level. The protocol leverages smart contracts to embed regulatory and issuer-specific requirements directly into the tokens, ensuring that all transactions remain compliant with the relevant laws and regulations.
The whitepaper details the STP Network's technical architecture, including using an on-chain Compliance Validator to verify transactions against regulatory requirements and issuer-specific conditions. This approach allows for the seamless transfer of tokenized assets while adhering to legal standards, addressing a significant barrier to the broader adoption of blockchain technology for asset management.
Furthermore, the document discusses the STPT token’s role within the ecosystem, serving as a utility token that facilitates transactions, governance, and access to services on the platform. It also highlights the token’s economic model, including mechanisms for token burns and distribution, designed to align the interests of network participants and ensure the long-term sustainability of the platform.
The whitepaper emphasizes the potential of the STP Network to revolutionize asset management by enabling the fractional ownership of real-world assets, increasing liquidity, and opening up investment opportunities to a broader audience. It concludes with a roadmap for the development and expansion of the network, outlining plans for technological advancements, community growth, and global adoption.
In summary, the STP Network whitepaper presents a comprehensive vision for a decentralized platform that addresses the challenges of asset tokenization and transfer in a regulatory-compliant manner. It offers a detailed explanation of the project's technology, economic model, and strategic direction, highlighting its potential to transform the landscape of asset management and investment.
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STPT
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Price as per 11:17 PM • 07 Sep 2024
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What is the price of Standard Tokenization Protocol (STPT)?
The current price of Standard Tokenization Protocol (STPT) in INR is ₹3.55 INR.
What is the current STPT market cap?
The current market capitalization of Standard Tokenization Protocol (STPT) is ₹6,91,67,95,475.63 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of STPT by the number of coins in circulation.
What is the current supply of Standard Tokenization Protocol (STPT)?
The current supply of Standard Tokenization Protocol (STPT) is 1942420283.03 STPT. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Standard Tokenization Protocol (STPT)?
The 24-hour trading volume of Standard Tokenization Protocol (STPT) in INR is ₹31,35,26,787.05. This figure represents the total value of all STPT transactions across various exchanges within the last 24 hours.
How to Buy Standard Tokenization Protocol (STPT) in India?
To buy Standard Tokenization Protocol (STPT) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in STPT.
Can I buy Standard Tokenization Protocol (STPT) with UPI?
Yes, you can buy Standard Tokenization Protocol (STPT) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Standard Tokenization Protocol (STPT) to Indian Rupee (INR)?
To convert Standard Tokenization Protocol (STPT) to Indian Rupee (INR), you can use our STPT/INR conversion rates in real time.