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STP is launching the gateway to Autonomous Worlds, aiming to construct and expand an identity layer for these worlds. STP offers the essential infrastructure, platform tools, and data indexing for advanced on-chain identity. Through its Clique AW platform, STP utilizes account abstraction to facilitate the onboarding and assistance of the upcoming generation of builders and users in Autonomous Worlds.
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What is the description of the coin?
Standard Tokenization Protocol (STP) is the project behind Verse Network, a blockchain designed to meet the needs for decentralized governance for DAOs. Verse utilizes the Proof-of-Stake (PoS) consensus to promote its scalability. Unlike ZK Rollups or Optimistic Rollups, Verse is censorship-resistant. It is also resistant to front-running, meaning that nobody can pay a higher gas fee than someone in order to have their transaction approved/validated before them.
The Verse ecosystem facilitates DAO activity from inception to maturity. To further enhance the functionality and utility of DAOs, Verse supports customized DAO tooling along with DAO-focused dApps in its ecosystem, including:
- DAO builder dApps that allow organizations to create and manage their customized DAOs seamlessly
- DAO participation dApps that expand the ability and incentives for members to participate in DAOs in a frictionless way across platforms
- DAO reputation dApps that score credibility and reputation on past activity like voting
- DAO market data tools that provide DAO-related data to all types of users in an actionable and analytical way
- Future categories and tools to come including data & analytics, treasury management and tailored customization of DAO structures
$STPT is an ERC-20 token and acts as the main medium of exchange for Verse serving the function of fees and rewards for the network. All transactions on Verse require $STPT as gas and the tokens will be carried over from the STP Network for this intended usage.
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- Can you explain what STPT is and how it is connected to the digital currency world?2021-12-24
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