Price
$0.0320
12/1/2022, 4:17:51 PM
diamondHands

Buy Standard Tokenization Protocol with Coinbase Wallet

Standard Tokenization Protocol can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$52.8M

Volume (24h)

$11.3M

Circulating supply

1.6B STPT

All time high

$0.28

Price change (1h)

-0.12%

Price change (24h)

+2.51%

Price change (7d)

-7.19%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Standard Tokenization Protocol is on the decline this week.

The price of Standard Tokenization Protocol has fallen by 7.19% in the past 7 days. The price increased by 2.51% in the last 24 hours. In just the past hour, the price shrunk by 0.12%. The current price is $0.0320 per STPT. Standard Tokenization Protocol is 88.57% below the all time high of $0.28.

The current circulating supply is 1,648,670,278.027 STPT.

About

What Is Standard Tokenization Protocol (STPT)? 

Standard Tokenization Protocol (STPT) is an ecosystem that launched Verse Network, a Layer 2 sidechain developed for the next-generation DAOs and DeFi. Verse Network aids the use of decentralized autonomous organization (DAO) by eliminating the barriers to entry, high transaction fees, and other complications. Thus, the Verse Network powered by the Standard Tokenization Protocol (STPT) platform hopes to make DAOs accessible and usable to everyone. 

Meanwhile, Verse Network seeks to work on issues preventing DAO from contributing to a scalable ecosystem. DAO or ‘decentralized autonomous organization’ allows users to actively play a part in the governance of the system. However, problems like slow transaction speed in real time and unfeasible transaction costs limit the scope of creating an efficient and scalable ecosystem supporting the innovative DAO models and functions. Moreover, among recent DAO-based infrastructures a shortage of incentives, barring users from adopting the infrastructure, and ultimately failing to convert a promising market is seen. 

As a result, Verse Network was developed by the STP platform using STPT as a utility and governance token functioning on Verse. The token functions as the platform’s core medium of cryptocurrency exchange. Additionally, all STPT token holders can cast their votes on proposals within the Verse Network. Also, STPT serves as a medium of exchange for conducting transactions. The utility token or STPT seeks to incentivize all network users and provide rewards too. For example, the DAO participation DApps hikes incentives among users participating in DAOs in various platforms. 

Furthermore, Verse Network is hostile to censorship, seeking to allow organizations, networks, and developers a free hand in decision-making to optimize the functions of DApps (decentralized applications). Moreover, the cloud is effectively scalable by utilizing the proof-of-stake (PoS) consensus mechanism. The platform is equipped to support multiple virtual machines and not just an EVM or Ethereum virtual machine. Similarly, Verse is a front-running resistant cloud seeking to prevent users from paying higher transaction charges to quicken the validation or approval of transactions on the blockchain.

Lastly, it can be said that the Verse ecosystem, powered by Standard Tokenization Protocol (STPT), aims to support and improve the functionality and use of DAO-based DApps in the ecosystem. 

History of Standard Tokenization Protocol (STPT) 

The Standard Tokenization Protocol powered Verve whitepaper was published in September 2021. 

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Standard Tokenization Protocol in market cap.

Standard Tokenization Protocol Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

FAQ

What is the current price of Standard Tokenization Protocol?

The price of 1 Standard Tokenization Protocol currently costs $0.0320.

What is the market cap of Standard Tokenization Protocol?

The current market cap of Standard Tokenization Protocol is $52.76M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Standard Tokenization Protocol?

The all-time high of Standard Tokenization Protocol is $0.28. This all-time high is highest price paid for Standard Tokenization Protocol since it was launched.

What is the 24 hour trading volume of Standard Tokenization Protocol?

Over the last 24 hours, the trading volume of Standard Tokenization Protocol is $11.32M.

What other assets are similar to Standard Tokenization Protocol?

Assets that have a similar market cap to Standard Tokenization Protocol include Origin Token, JOE, Divi, and many others. To see a full list, see our comparable market cap assets.

How many Standard Tokenization Protocol are there?

The current circulating supply of Standard Tokenization Protocol is 1.6 billion.