Standard Tokenization Protocol (STP) is the project behind Verse Network, a blockchain designed to meet the 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.