STPT (STPNetwork, Standard Tokenization Protocol) is an open source standard at the token level, which defines how token assets are issued and transferred under the premise of complying with all necessary relevant regulations. STP allows assets to be certified in various countries and regions in a manner that complies with local regulations, and the assets can be circulated and transferred between any platforms. This is a compliant open source standard and decentralized network that allows any asset to achieve compliant and transparent asset tokenization, thereby improving investment behavior and investment channels.

Program Criteria

The Standard Token Protocol's STP standard is an open source standard that defines how to generate, issue, send and receive ownership of tokenized assets while complying with all necessary regulations. Tokens built on top of the STP standard will use the protocol’s on-chain compliance verifiers to verify compliance with relevant regulations (know your customer, anti-money laundering, certification, etc. in the examples below), as well as any issuer-specific requirements ( i.e. concentration of ownership, holding period, voting). The Board of Validators will provide advisory services to ensure compliance validators are always implementing the latest standards. The STP standard tokenization protocol allows the tokenization of assets, making them fully compatible with regulations in different jurisdictions, and enabling cross-platform transfers on any ERC-20 platform.

Project Purpose

Issuance fee
The issuer can use the standard token agreement to create an STP standard token corresponding to a specific percentage of ownership, and its assets or their asset characteristics (including allocation of resources , profit, etc.) These tokens built on the Standard Token Protocol STP standard will comply with the global regulatory framework that comes with compliance verifiers, thereby eliminating the compliance burden for issuers. To enable this tokenization process, issuers will pay an initial issuance fee to the standard token protocol in STP to initiate the tokenization of their assets. Any issuer-specific requirements, parameters, and rules regarding token transfers will be incorporated into the confirmation of compliance through the standard tokenization protocol as part of the initial issuance fee.
Compliance validator gas fee (Gas)
To enable compliance validators to ensure that both parties (sender and receiver) of the verification transaction comply with all necessary jurisdiction and issuer-specific A certain amount of gas fee is required. This gas fee is essentially a small amount of STP tokens. Smart contracts use this token to incentivize verifiers to prove that transactions meet compliance verification requirements. To implement this function, senders of any STP standard tokens need to use a certain amount of STP tokens as gas fees to provide costs for compliance verifiers when transactions occur. Gas fees are then pooled and paid to interested parties and members of the governing committee as a reward for honest network behavior.
Staking
In addition to the first two use cases of STP tokens, the network also enables a Proof of Stake mechanism that allows token holders to stake and earn STP. That is to say, the STP holdings of token holders are proportional to their confidence in compliance verifiers, and they will either receive compliance confirmation gas fee tokens in return to reward their honesty, or lose their holdings Amount rewards other rewards for honest participants.
Governance
Token holders who want to hold STP tokens achieve governance by delegating their stake to a validator committee elected by tokens. Validators who form a committee will be awarded STP for submitting public audit evidence that a compliance validator complies with the legal requirements of their jurisdiction or other requirements for proper functioning. Given that STP token holders will behave rationally, they will entrust their equity to reliable advisors, partners and related parties in their market sector or jurisdiction, such as securities lawyers, regulators and legislators to protect them shares. The STP of the validator committee will be used to incentivize these groups, rewarding them to participate in a meaningful way and become an integral participant of the standard token protocol network.