TokenSoft Announces Stellar Integration
Updated: Mar 28, 2019
TokenSoft is pleased to announce today that following a successful pilot program, we have decided to roll out full integration with the Stellar blockchain platform. Issuers using the TokenSoft platform will now be able to not only accept Stellar as payment during their token sales, but also issue their tokens using the Stellar platform.
We began receiving requests for launching tokens on the Stellar platform in Q4 of 2017. At first it seemed like an anomaly due to the lack of precedence. As we continued to navigate the space we continued to receive inbound requests for Stellar support. In March of 2018 we quietly rolled out full life cycle support for Stellar Lumens and tokens on the Stellar blockchain. This didn’t occur without significant research and deliberation.
Here’s why we decided to roll out support for Stellar:
Built-In Token Capabilities
Stellar tokens have more easily-programmable functionality compared to their ERC-20 counterparts. These capabilities including supporting multi-signature authorizations, the distribution of dividends, limitations on who can hold tokens, and more.
The documentation for Stellar software is readily available and very well organized. Additionally, the infrastructure for the Stellar nodes are stable and well maintained. The maturity of the tool sets around the Stellar infrastructure helped us start testing and get to production in days.
Cheaper and Faster
Stellar transaction fees are relatively low in comparison to other blockchains. Stellar only requires a negligible transaction fee (fractions of a penny) and a median transaction time of five seconds.
Built-In Decentralized Exchange
A key question we always hear from our clients is, “Where can my tokens trade?” Any token created on Stellar can be bought and sold immediately on Stellar’s decentralized exchange by means of Stellar’s native mechanism.
For more information on the benefits of using Stellar for token sales, see here.
This release is for informational purposes only, does not constitute an offer or solicitation to sell securities, and shall not be construed as legal advice in any jurisdiction. Certain information set forth in this release contains “forward-looking statements” under applicable securities laws. TokenSoft undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws.