This a long overdue review of one my most promising investments as I was an investor on Day 1 of this project when it went on stage a couple of months ago. The goal here is to compile as much information as I can find, from medium articles to youtube videos to tweets, indicating why I think Simple Token has a bright future, and serves as an unexpected solution to the problem of SCALING the Ethereum Blockchain.

As we witnessed with the pathological release of crypto kitties infiltrating every sector of crypto society hosted on the Ethereum Blockchain, congestion as never seen before bogged down the Great Ethereum. This was to be expected of course. But here comes Simple Token with the following article :

https://medium.com/simple-token/crypto-kitties-a-puuuurfect-use-case-for-simple-token-717f3a58df14

which, when you read it, a lightbulb illuminates your brain, and you realize trying to launch crypto kitties on the main Ethereum Blockchain was completely unnecessary as this gentleman telegram so eloquently explains :

I read that and I realized just how lucky I am to have been involved since the ICO!

By the way here are the two groups you need to be in :

https://t.me/sttraders : for all of us concerned with price talk

https://t.me/stofficial : everything else

https://t.me/STofficial : specifically for new announcements

So anyway what is Simple Token?

Well, it's a "Cryptocurrency to Power Digital Communities. Easily launch digital currencies on open Ethereum sidechains and turn any business into a dynamic ecosystem."

This is an ingenious idea. To work with what already exists rather than trying to reinvent the wheel.

The following medium article is what you really need to know :

https://medium.com/simple-token/openst-0-9-1-released-d6d5a24d52de

"Today we are releasing OpenST v0.9.1 which marks the move of OpenST from Ethereum testnet to mainnet, as well as several important steps towards mainstream businesses launching their branded token economies with Simple Token.

The OpenST protocol allows for the staking of Simple Tokens “OST” on Ethereum against minting branded tokens on the OpenST network of side blockchains.

This enables mainstream businesses to launch their own branded crypto-currencies on the OpenST network, backed by staked OST, affording for higher throughput and transaction volumes than currently possible to achieve on public Ethereum. The OpenST platform allows Ethereum smart contracts to run faster and cheaper while leveraging the security properties of Ethereum’s Proof-of-Work.

OpenST is a layer-2 protocol that extends the capacity of Ethereum mainnet.

In this 0.9.1 release we implement the first cornerstone of the OpenST protocol: the ability to stake value on Ethereum mainnet and mint a new representation of that value on a utility chain, effectively increasing the computational capacity of Ethereum mainnet by sharding across different cores. OpenST smart contracts have also been restructured to store value separately from the logic that implements the protocol.

With v0.9.1 the first OpenST utility chain has been linked up with Ethereum mainnet."

•••

Amazing. Do you not see the obvious value here? Just think of the possibilities!

Imagine an Ethereum/EOS running on Substratum's Uncensorable Decentralized Web 3.0 and countless businesses busily minting and issuing there own Branded Tokens using the OpenST protocol of Simple Token creating an ecosystem of ecosystems... This is absolutely incredible. If you aren't jumping out of your seat in excitement you just haven't a clue what's coming. You can't hide astonishment. The future is here my friends! Let's fuckin' build!

Anyway.

Proceeding onward with a litany of other perspectives on the matter.

Meet Jason Goldberg, the founder and CEO of Simple Token, explaining it very clearly their vision in ten short minutes :