[ANN] The Standard, The Ultimate decentralized stablecoin & lending protocol

[sukoyomi]

So what's the AMA result? it seems that here, in this thread no one has asked questions, I hope in the telegram group is much better.
Anyway, Is there a summary of the AMA available later?, so people who missed it can know here's the direct answer from The Standard team.

[jaminunit]

Sorry I couldn't make it on time to the AMA guys, it rained heavily for hours over here and the network connectivity was totally dis-stablized , had and still have difficulties connecting to the internet, for this reason, I couldn't join in the AMA which I learnt was mandatory for all of the Standard Protocol campaign participants.
Sorry ones more, hope another ama come up soon, and wanna use this opportunity to say that I love the honesty, accountability, sacrifice and hard work the team is putting in to make this project a huge success, am really glad to be part of this this early and congratulations to all who are early here too.

Hey thanks for your kind words.

We are so thrilled to have passionate people like yourself being involved and seeding this DAO at its early stages.  I hope your internet issues clear up where ever you are in the world.

The AMA was really fun over on telegram. we did it all over the voice channel and it didn't get recorded because of the medium but we will definitely do it again.

[jaminunit]

So what's the AMA result? it seems that here, in this thread no one has asked questions, I hope in the telegram group is much better.
Anyway, Is there a summary of the AMA available later?, so people who missed it can know here's the direct answer from The Standard team.

yeah, it was great over on telegram.
The next AMA we do will all be text-based with a focus on Bitcointalk because we want the information to be available to everyone rather than a live fleeting moment.

Best,
Joshua

[sukoyomi]

So what's the AMA result? it seems that here, in this thread no one has asked questions, I hope in the telegram group is much better.
Anyway, Is there a summary of the AMA available later?, so people who missed it can know here's the direct answer from The Standard team.

yeah, it was great over on telegram.
The next AMA we do will all be text-based with a focus on Bitcointalk because we want the information to be available to everyone rather than a live fleeting moment.

Best,
Joshua

Ohh,, glad to hear it from you, If it take place here, the readers will also know how the answer is and it will stay in this thread.
I hope you have prepared something interesting likes a reward for question, but more great, which can make the AMA that will take place in this thread, attended by many people, like never before.

[irfan_pak10]

The Standard Pre-Sale

💯 24 HOURS TO GO 💯
The exclusive Pre-Market Distribution of The Standard Token will be live tomorrow on @Vaultoro

Key info:
When: 1:00 PM CEST, 25th August 2021
Amount: 50 million Standard Token
Price: 1ETH = 100,000 TST
Accepted currencies: BTC, ETH, GOLD, UNI & more!

Buy Here: https://vaultoro.com/

[jack0m]

I've read through the white paper and found nothing about DeFi. Where are DEXs, liquidity pools, lending protocols to earn interest on your platform?

[zachamo]

Taking a minute to look at this further after some initial curiosity and interest..

Some preliminary thoughts:
1. It seems half of the 100M tokens initially allocated for Institutional/Angel investors have been opened up to the public... Per the published token distribution plan, 250M tokens were supposed to be sold privately before the sale went public; it seems we only made it to 50M before opening things up.. This raises some concerns around the degree of interest (and investment) in the project.
2. TST appears to be a is primarily a voting token for participation in the DAO.. It is unclear to me what value it holds beyond the ability to participate in decision making for the uptake / administration / tokenization of other real-world valuable assets.. That said, there is also the DAO's treasury - presumably this could be used for dividends/airdrops to TST holders? That would make holding much more interesting.
3. Only 45% of TST are being distributed to the public / investors; this means the majority of the decision making power is very centralized initially.
4. The allocation of TST for Marketing strikes me as curious; why not allocate a portion of funds raised from the presale of TST rather than selling TST post go-live for a marketing budget? The added sale pressure would serve to suppress TST's value; something presumably contrary to at least part of the intention behind marketing.
5. The Pre-Market distribution is set at 1 ETH = 100,000 TST. The total distribution of TST is 1,000,000,000. This sets the initial market cap at $33,000,000 USD.. Pretty low for a starting point, which again has me concerned about the degree of interest, but it's also a presale so prices are expected to be lower and there's a huge potential upside..

As an aside to other readers - token distribution is supposed to be:
Pre-Market Distribution - 100M for Angel and Institutional investors
Private Distribution - 150M for waitlisted folks etc
Public Distribution - 200M for TBA
DAO - 100M
Early Participants/Team/Advisors: 300M
Marketing/Networking: 150M

[zachamo]

Say I tokenize an amount of gold and generate a Smart Vault of 100,000 S-EURO - effectively borrowing S-EURO against my gold. My gold is insured, in a vault, and audited regularly - all of which adds maintenance costs; these costs would be covered in full or in part via a daily reduction of the initial 100,000 S-EURO balance required to close my Smart Vault and restore full ownership of my gold. I am also charged a daily stability fee primarily driven by fluctuations in supply and demand for S-EURO. If, for example, a significant increase in demand for S-EURO causes it's price to exceed that of fiat EURO, the stability fee will decrease and the cost of maintaining my Smart Vault (a.k.a. loan) will reduce - much like a lower interest rate being applied. This fee volitivity is intended to encourage asset holders to hold/tokenize or de-tokenize my assets based on the supply and demand for S-EURO... Think I have that part down.. Now the hard part..

Would a reduction in stability fees really result in the desired outcome of getting asset holders to tokenize more assets? Onboarding new asset holders should be a lengthy review and approval process, so in the short term you'd largely depend on existing asset holders to tokenize more of their assets; this assumes asset holders would initially tokenize a portion of their assets and would be open to tokenizing more assets down the road given the right circumstances. I don't see low fees as much of a draw, but after some consideration I can see the appeal of tokenizing assets while the S-EURO is overpriced ASSUMING the value of S-EURO issued exceeds the real world value of tokenized asset (i.e. my 100k EURO worth of gold is tokenized 1:1 for 100k S-EURO despite the market price of 1 S-EURO to 1.2 EURO; effectively my 100k EURO asset is tokenized for 120 EURO worth of S-EURO). This approach would rapidly increase the supply of S-EURO as asset holders seek to cash-in on inflated valuation; the result would be a bevvy of 'approved' asset holders waiting for the right conditions for quick profit, and a corresponding rapid price correction. Conversely, should the value of S-EURO issued in this scenario be roughly equal to the value of the tokenized asset (i.e. when 1 S-EURO = 1.2 EURO, a 100k EURO asset receives 83k S-EURO, worth 100k EURO at the time), low fees alone would hardly incentivize asset holders to tokenize, resulting to a sluggish price correction at best and a complete decoupling at worst.

A snap crash in the cryptocurrency market would be liable to spark a very sudden and immense increase in demand for S-EURO; without an aggressive price correction system in place, you risk undermining the DAO's vetting process, which is liable to result in the overvaluation of tokenized assets or even outright fraud.

On the other side of the equation, the risk of stability fee increases would require prudent Smart Vault holders to closely monitor fees. A crypto market boom is liable to cause a significant outflow of S-EURO, in which case the stability fee correction may be similarly significant. Smart Vault holders would effectively be penalized in an effort to encourage vault closure.. The passive Smart Vault holder may return months later to find exorbitant fees levied which must now be paid at stabilized S-EURO prices.. This strikes me as a substantial deterrent to asset holders who don't want to be bothered with constant monitoring of market conditions.

Furthermore - the S-EURO is in no way directly linked to the value of TST (which provides a vote in the DAO that oversees S-EURO).. We must consider the audience for this token which is primarily used to determine fees and approve tokenization proposals.. What is a vote in the DAO worth, and to whom? Stability fees are collected by the DAO, so dividends may provide a prospective draw to otherwise unbiased stakeholders.. Beyond these, what value is there in having a say in token issuance and fees if you aren't either a self-interested asset holder looking to get your asset tokenized / reduce fees for your tokenized asset, or a major user of the token (i.e. an exchange) looking to encourage stability? Who do we imagine holding TST, and to what end? We may dream of market experts and prominent business leaders benevolently taking the reigns and creating the stablecoin platform to replace all stablecoins, but what compelling reason do they have to opt for a DAO vote over its cash equivalent? I worry that the DAO will eventually be governed by the self-interested, and everyone involved will suffer for it..

Transparency isn't a strong point in the stablecoin domain, but this is at least partially offset by fairly clear accountability. Much as I can appreciate the use case and need for such a platform, I'm afraid I don't see how this project addresses issues of transparency and accountability in the stablecoin domain.

[zachamo]

Had a great chat with Joshua on Telegram.

In terms of the change in distribution, he opted to open up the early stage sale after most private interest wouldn't accept a vesting period (wanted to be able to dump day 1). This was deemed unacceptable, so they opted to open the presale to a broader audience.

He pointed to Maker DAO as an example of arbitrage helping to maintain price stability - a compelling example that counters my concerns of quick injection/removal of liquidity (and associated S-EURO issuance/burn). Unlike Tether, liquidity injection would be slower, but arbitrage should help keep prices stable.

For an outflow of S-EURO in a crypto boom causing high fees, and this being a disincentive to prospective asset tokenizers, he mentioned work on bots not mentioned in the white paper that would help vault holders mitigate risk.

For the risk of TST becoming centralized with asset holders and potentially leading to DAO manipulation, he pointed to a number of perks available to TST holders (remuneration for participation, airdrops of vault fees, access to liquidated assets, etc), as well as a constant demand for TST by Vault Holders who benefit from paying fees in TST and spending it on automation bots.

Overall I'm much more comfortable with the project.. Still a massive undertaking with ample risk, but in good hands from what I can tell.

[irfan_pak10]

-snip-

Thank you for the kind words -

Please try to put all the content in one post - like your previous two posts- you could have posted that content in a single post - no need to make another post - it's against forum rules. they might ban you 

💯 Almost 60% are already sold in few hours. 💯
For more info please visit: https://t.me/TheStandard_io

[mandor]

💯 Almost 60% are already sold in few hours. 💯
For more info please visit: https://t.me/TheStandard_io

I'm glad to hear that good news coming from the sale, while some people had trouble depositing and exchanging their coins to TST, I see them in the official tg group, but still managed to reach almost 60% in less time, this showing to us how good the support was for the community when the sale started. I don't think it will take long to reach 100% of the sale.

[jack0m]

💯 Almost 60% are already sold in few hours. 💯
For more info please visit: https://t.me/TheStandard_io

still waiting for some reply to my previous question. Thank you.

I've read through the white paper and found nothing about DeFi. Where are DEXs, liquidity pools, lending protocols to earn interest on your platform?

[jack0m]

The fact you keep dodging the most relevant question about DeFi tells it all. I can't say this token is a scam, but still totally unworth buying.

[jaminunit]

I've read through the white paper and found nothing about DeFi.

We are building a set of smart contracts that let you generate fiat soft pegged stablecoins by locking up collateral like ETH, WBTC and hard assets like gold and silver. I don't think you can be more DeFi than that.

Where are DEXs, liquidity pools, lending protocols to earn interest on your platform?

We are not in the business to create a Dex; there are already great DEX's, fantastic liquidity pools and AMM's that we can plug into. There is no need to recreate them.

[Tigerheart3026]

tst token pre sale ended? i didn't see update about pre sale and raised amount. when tst trade will open? because in the roadmap has not seen any exchange (cex or dex) listing schedule. it's need to clear information about exchange list.

[jaminunit]

We are building first. There will be a private sale in November. I recommend you to go to the website and sign up to the whitelist / waiting list

[nira09]

Standard is pleased to announce that Standard Token Private Distribution (TST) will take place from 15 December 2021, until 18 December 2021 exclusively on the Copper Launch platform.

Important information about how you can participate.
Start Date: December 15, 13.00 CET
End Date: December 18, 13.00 CET
Sales Duration: 3 days (72 hours)
Platform: Copperlaunch.com
Initial $TST Raise: 150,000,000
Initial DAI collection: $750,000

Read more here https://blog.thestandard.io/the-standard-token-tst-private-distribution-b14b6059381c

[shinratensei_]

Standard is pleased to announce that Standard Token Private Distribution (TST) will take place from 15 December 2021, until 18 December 2021 exclusively on the Copper Launch platform.

Important information about how you can participate.
Start Date: December 15, 13.00 CET
End Date: December 18, 13.00 CET
Sales Duration: 3 days (72 hours)
Platform: Copperlaunch.com
Initial $TST Raise: 150,000,000
Initial DAI collection: $750,000

Read more here https://blog.thestandard.io/the-standard-token-tst-private-distribution-b14b6059381c

It seems as if the team is having a small target compared with what was already raised in the private sale. I will give this team an applause for that but we can know what will be the actual market cap after the launch of the token to the exchange site? It seems like I wanna try to take my spot on the copper launch. Im feeling curious how much ROI that it can get from there. 

[yurez]

Mark your calendars
Our first Partnership Launch is coming up on December 13th on LuaSwap

Key info
IDO Supply: 3 Million TST
Accepted cryptocurrencies: USDT (TRC-21)
IDO Token Sale Price: 1 TST = 0.07 USDT
Don’t miss out only 1 week to go!
https://twitter.com/thestandard_io/status/1468176084361519106

[yurez]

TST SALES TIMELINE
Partnership Sale with LuaSwap 13th December at 9 am UTC - 24H
Private Sale on Copperlaunch 14th December at 1 pm UTC - 72H
No KYC. Fair Launch Auction.
All about the PrivateSale here: https://twitter.com/thestandard_io/status/1470062306751131656