Counterparty vs Trust Token vs OST
What problem does this service solve?
Counterparty enables users to issue tokens and extends the functionality of the Bitcoin network. | Trust Token's platform allows users to create asset-backed tokens on the Ethereum blocckhain. | OST aims to make it easier for companies to leverage blockchain and create branded tokens for their business needs. |
Token Stats
Company Description
Counterparty is a DApp development and tokenization platform that is built on the bitcoin blockchain. The open source protocol is powered by the native XCP currency and has a Proof of Burn mechanism. The platform allows users to create their own virtual assets and trade them on a decentralized exchange. It also enables developers to create financial applications that extend the peer to peer functionalities of the bitcoin blockchain. | Trust Token is an asset tokenization platform that allows users to create asset-backed tokens on the Ethereum blockchain. TrustTokens act as on-chain collateral to protect against adverse events and align incentives between platform participants. The company has created a variety of stablecoins, including TrueUSD, one of the most widely traded USD-backed coins. | OST is developing a tokenization platform that will allow companies to integrate blockchain into their apps and existing business practices. The OpenST Protocol is a framework for tokenizing business assets. The company is also working on a suite of developer tools, APIs, and SDKs to make implementing blockchain easier. The network is powered by the Ethereum-based OST token. |