Simba Storage Token (SST) is an ERC20 utility token built around the Simba ecosystem that provides a robust platform for storing bitcoins. Being based on a smart contract, the Ethereum blockchain, and the ERC20 standards, SST combines advantages from both Bitcoin and Ethereum. The main goal of the project is to simplify the entire process of managing and holding cryptocurrency (Bitcoins) as well as to provide a robust and secure instrument (Simba token) for retail and institutional investors.
According to the whitepaper, the core components of Simba’s ecosystem are:
1. Simba storage service
2. Simba Stable Coin
3. Simba Storage Token (SST)