STPT (STPNetwork, Standard Tokenization Protocol) is an open-source standard at the token level that defines how token assets can be issued and transferred in compliance with all necessary relevant regulations. STP allows assets to be tokenized in accordance with local regulations across different regions and countries, enabling these token assets to flow and be transferred between any platforms. This is a compliant, open-source standard and decentralized network that permits the compliant and transparent tokenization of any asset, thereby enhancing investment behavior and channels.

Project Standards

The STP standard for the Standard Token Protocol is an open-source standard that defines how ownership of token assets is generated, issued, sent, and received while adhering to all necessary regulations. Tokens built on the STP standard will use the protocols on-chain compliance validators to ensure adherence to relevant regulations (including Know Your Customer, Anti-Money Laundering, accreditation, etc.) as well as any issuer-specific requirements (e.g., ownership concentration, holding periods, voting). A validator council will provide advisory services to ensure that compliance validators always execute the latest standards. The STP standard tokenization protocol allows for the tokenization of assets, ensuring full regulatory compatibility across different jurisdictions and cross-platform transfers on any ERC-20 platform.

Project Uses

Issuance Fee
Issuers can use the Standard Token Protocol to create STP standard tokens corresponding to specific percentages of ownership, fractionalizing the legitimate ownership of their assets or their asset characteristics (including resource allocations, profits, etc.). These tokens built on the STP standard will comply with the global regulatory framework that comes with the compliance validator, relieving issuers of their compliance burdens. To achieve this tokenization process, issuers pay an initial issuance fee to the Standard Token Protocol within STP to initiate the tokenization of their assets. Any issuer-specific requirements, parameters, and rules regarding token transfers are integrated into the compliance validation as part of the initial issuance fee.
Compliance Validator Gas Fee
To enable compliance validators to ensure that both parties (sender and receiver) comply with all necessary jurisdictional and issuer-specific requirements, a certain amount of gas fees (a small quantity of STP tokens) is required. Smart contracts use these tokens to incentivize validators to prove that transactions meet compliance validation requirements. To utilize this feature, any sender of STP standard tokens needs to use a certain amount of STP tokens as gas fees to cover the costs for compliance validators when a transaction occurs. Subsequently, these gas fees are pooled and distributed to stakeholders and members of the regulatory committee as rewards for honest network behavior.
Staking
In addition to the two aforementioned uses of STP tokens, the network also enables a proof-of-stake mechanism, allowing token holders to stake and earn STP. In other words, the amount of STP held by token holders is proportional to their confidence in the compliance validators. They either receive compliance confirmation gas tokens as a reward for their honesty or lose their holdings to reward other participants who demonstrate honesty.
Governance
Token holders who wish to hold STP tokens delegate their stakes to a validator council elected through token votes for governance. The validators comprising the council receive STP for submitting publicly auditable evidence proving that compliance validators adhere to jurisdictional legal requirements and other operational requirements. Given that STP token holders act rationally, they will delegate their stakes to trusted advisors, partners, and stakeholders in their market sectors or jurisdictions, such as securities lawyers, regulators, and legislators, to protect their shares. The STP held by the validator council is used to incentivize these groups, rewarding them for meaningful participation and becoming indispensable contributors to the Standard Token Protocol network.