STP Network(STPT)/USDT Price Prediction: 24 January 2022

Overview

Standard Tokenization Protocol or STP Network is a decentralized network that is designed to ease the reach of digital assets irrespective of the location. The network ensures whole compliance with the regulations like KYC, AML, accreditation, etc using an on-chain validator. The network also addresses the regional-specific requirements like holding periods, vesting or ownership concentration. 

The native token STPT is an ERC-20 permissioned token that is the main medium of exchange within the network which is used for paying transaction fees and also to reward the contributors. The STPT price had strong inception and amid the 2021 bull run, the price smashed its ATH above $0.2. However, the price has plunged drastically at present, yet the possibilities of a rebound are still very high. 

What is STP Network(STPT)?

STP Network was founded by Minhui Chen in 2019. The decentralized, open-source platform sets one’s eye on how to build, issue, send, and receive tokenized assets. The assets built on the network are fully compliant with the necessary regulations within any jurisdiction. Moreover, the network is highly interoperable and hence the assets can be transferred on various blockchains. The STP Network is not less than a launchpad while the STPT, the native token, is used to purchase tickets for the ICO/IPO. 

The Standard Tokenization Protocol (STPT)network is the main contributor of Verse Network, the native DAO platform. It is censorship-resistant, front-running resistant, high-performance & interconnected cloud for next-gen DAO and DeFi. DAO or Decentralized Autonomous Organization is a community or workplace where-in the main set of rules and actions are hardcoded into Smart Contracts. 

Usually, DAO’s cannot perform well with the layer-1 blockchains like Ethereum due to issues like high gas fees, slow transaction speed, etc. Therefore, where the scalability is more tedious, the fast, innovative DAO concepts cannot thrive. Here’s when the Verse comes into the picture that makes DAO’s more accessible, eliminating rigid barriers like gas fees. Moreover, it is designed to reduce the complexity in user experience, voting methods, governance, etc. 

Additional Read: Top 10 Altcoins to watch in 2022 | Cryptocurrencies under 1,00,000

How Does STP Network(STPT) Work?

The STP Network tokenizes the assets through its offerings in a fully transparent environment that is fully compliant. It combines the features of IPO, ICO and blockchain-based smart contract programmability and offers huge benefits to the issuers and investors. 

As mentioned before, STP Network is an open standard that defines the standard of the ownership of tokenized assets that are fully compliant with the regulations. And to do so, the network comprises of the following,

• Compliance Validator

It is an on-chain Compliance Validatorwho ensures the adherence of the respective laws of the jurisdictions including the protocol’s code. It also ensures compliance with the parameters and restrictions put up by the issuer before the issuance of the asset. It serves the main 2 functions mentioned below

• Jurisdictional Compliance

It is responsible to meet the regulatory requirements within certain jurisdictions considering the public filing requirements.

• Issuer Compliance

This handles the specific restrictions of the user on token’s issuance and its transfer where there are no jurisdictional restrictions. 

• Token Holder-Elected Validator Committee

The regulatory specifications tend to change and hence this committee is responsible to enforce the most up-to-date regulatory standards at all times. It is a token holder-elected group that includes industry-leading thought leaders, advisors, security lawyers and regulators across various jurisdictions. 

Additional Read: Daily Crypto News 24 January, 2022

Will STPT Price Hit $1 in 2022?

The STPT token price had a pretty good trend throughout the year 2021. The asset with its multiple attempts managed to range high more than 1900% and hit its ATH $0.285 during the Q4 of 2021. However, ever since it smashed its highs, the asset fell into a deep bearish well, where-in the price slashed down much similar to a waterfall. The asset did attempt to halt the bearish trend, yet failed to ease the power of the bears. 

Despite having a notable bearish Q4 and a plunged yearly close for 2021, the asset somehow managed to begin the 2022 yearly trade on a bullish note. Yet the bears immediately jumped in to cash out their profits which dragged the price much lower than expected. Currently, the selling volume is still mounted within the platform and hence a strong rebound may be a little distinct. However, a tough fight by the buyers and the sellers are witnessed at the moment and hence the victor may drag the price accordingly. 

While the trading volume appears to be pretty much depleted, the probability of a significant rebound may not be expected shortly. However, if the market stabilizes to some extent, then one can expect a notable surge for the asset. Yet the $1 target is quite large and hard to achieve. But with the beginning of the bull run, the assets tend to roar with huge numbers. 

Factors Impacting STPT Price Today

Focuses on the Regulatory Requirements of the Territory

The STP Network is designed mainly to focus on building tokenized assets that comply with the regulations within the territory. And hence they may not easily come under the radar of the central authority.

The STP Token Offerings

The offerings provide benefits to both the issuers and investors. The issuers benefit from a faster and cheaper fundraising method, access to a global investor base, automated compliance and an overall less disruptive process. On the other hand, investors get access to previously inaccessible asset classes, immediate liquidity on previously illiquid assets, trade & transfer assets 24/7 with all legal investor protections. 

STP Network Rewards

To validate the compliance of the protocol, the network constitutes a Validator committee which is composed of leaders, advisors, lawyers and regulators. These contributors are compensated with the network’s native token STPT. 

STP Token

STP token sets the standard of the first-class tokenized asset within the regulatory compliance. The token is responsible for the proper functioning of the entire network by serving as an incentive structure that aligns all participants and strengthens the network. 

 Where & How to buy STP Network(STPT)?

STPT token has been widely available for trade on CoinDCX for quite a long time. We are India’s strongest community of crypto holders and hence the most trusted brand when it comes to a cryptocurrency exchange. Trading on CoinDCX is very simple with huge benefits and the additional features offered help you to make your trading decisions more accurately. 

So why wait, just download the CoinDCX App on your smartphone and register with the necessary details. Most important, do complete your KYC for a better experience. Once the bank verification is done, just fund your wallet and start your trading journey with CoinDCX at a single touch.

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