ST-20 Interface Overview DescriptionĪn ST-20 token is an Ethereum-based token implemented on top of the ERC-20 protocol that adds the ability for tokens to control transfers based on specific rules. Security token structure, distribution, or changes that could affect investors are now accessible to all via the blockchain. Security tokens offer the benefit of bringing significant transparency over traditional paper shares through the use of the blockchain and its associated public ledger. Such as having a stake in a company, real estate, or intellectual property can all be represented by security tokens. On the other hand, security tokens represent complete or fractional ownership in an asset (such as shares in a company, a real-estate asset, artwork, etc).
Utility tokens give you that same type of access to a product or service.
Utility tokens represent access to a network, and your token purchase represents the ability to buy goods or services from that network- Think of when you purchase a arcade token to allow you to play an arcade game machine. The concept of utility tokens is fairly well understood in the blockchain space today. While utility tokens have no limitations on who can send or receive the token, security tokens are subject to many restrictions based on identity, jurisdiction and asset category. Security tokens are designed to represent complete or fractional ownership interests in assets and/or entities. Introduction to Security Tokens What is a Security token?Ī Security Token shares many of the characteristics of both fungible (erc20) and non-fungible tokens (erc721). This system has a modular design that promotes a variety of pluggable components for various types of issuances, legal requirements, and offering processes. This particular repository is the implementation of a system that allows for the creation of ST-20-compatible tokens. The Polymath Core smart contracts provide a system for launching regulatory-compliant securities tokens on a decentralized blockchain.
0 kommentar(er)
