Text | Li Xueting, Hao Fangzhou, Designer | Kong Fanxing
Since last month, my circle of friends has been swiped by STO. At first, I thought it was a big news from STO Express or a hip-hop troupe in Guangzhou. After clicking in, I found out that it is a financing form of "new invention" in the currency circle and chain circle after ICO.
STO (Security Token Offering) imitates IPO in spelling format, the difference is that ST (Security Token) is issued.
The U.S. Securities Regulatory Commission (SEC) once divided tokens into utility tokens and security tokens. In the context of the overall lack of utility in the blockchain market, ST, which is mostly supported by real assets, quickly gained widespread attention. The accompanying analysis articles (links at the end of the article) gave mixed reviews on STO. Some believed that it was the prototype of super securities, while others pointed out that it was a self-indulgence in a bear market.
STO: A cure for the market or a sharp edge for harvesting?
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