STP Network to Launch STP 2.0 on Polkadot

[VeryWellDone]

STP Network has announced that its new iteration of its protocol will feature the synthetic tokenization of assets on Polkadot. It will also give users access to multi-chain assets and new financial products on different blockchains, without expensive bridge fees or heavy overcollateralization.

The launch of STP 2.0 is planned for the end of Q1 2021 and the new Standard Tokenization Protocol is expected to be fully functional by Q3 2021.

• Key features of STP 2.0:
• Cross-chain tokenization
• Multi-chain index
• Built on the Polkadot infrastructure

STP 2.0's new cross-chain tokenization will facilitate the issuance and trading of ST-Assets between major blockchain platforms, providing users with more opportunities in decentralized finance including a wider range of products and increased liquidity.

The new Standard Tokenization Protocol will also allow users to issue and access multi-chain indices that track the performance of a group of assets across multiple blockchain platforms. Users will be able to leverage this index and employ a range of tools to interact with other decentralized protocols, such as automated market makers (AMMs) and lending protocols.

STP 2.0 will be entirely built upon the existing Polkadot platform and will take advantage of its cross-chain capabilities and parachain infrastructure. The goal of this is to allow for increasingly faster and cheaper transactions in the crowded Ethereum ecosystem.

Source

Investors tend to look at Polkadot as the next Ethereum where projects build their network, is it a good direction to go with the Polkadot ecosystem?

[Rollinginthedeep]

With the way things are going with Polkadot I think many more projects and developers will prefer to use Polkadot network in near future, if this happens well Polkadot can really gets on Ethereum tail, I've been neglecting every smart contract projects that aim to defeat Ethereum all along but not this Polkadot

[MrSpasybo]

In the simplest sense, Polkadot is a platform that connects blockchains together, and it also supports new projects. One can imagine that Polkadot is a station, from which transactions are trains from other blockchains that can be linked and transferred to each other easily, but in the station itself there are business departments, they are the projects that launch on Polkadot. STP Network is one such project, it makes the tokenization of assets more convenient and efficient.
I see Polkadot as one of the breakout projects of 2020 & is leading the trend in 2021. Polkadot will not become the second Ethereum, Polkadot's goal is even bigger, it is to be the leader of every blockchains.

[pealr12]

I should have ask why is it so important that this project will be launching on Polkadot network then I remember all the  stress and pain we have to endure with the ethereum network because of the high gas fee, so I see why it is important to launch on Polkadot network, am sure the transaction cost won't be anything like eth, this few days have been hard on all erc20 holders.