TokenSoft, a SaaS platform for compliant token sales today announced that following a successful pilot program, the team has 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.
The company pronounced that it started to receive requests for launching tokens on the Stellar platform in Q4 of 2017.
The TokenSoft team said:
“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 lifecycle support for Stellar Lumens and tokens on the Stellar blockchain. This didn’t occur without significant research and deliberation.”
Why Stellar appealed to TokenSoft:
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 is stable and well maintained. The maturity of the toolsets around the Stellar infrastructure helped to test right away 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 (a fraction of a penny) and a median transaction time of five seconds.
Built-In Decentralized Exchange
Any token created on Stellar can be bought and sold immediately on Stellar’s decentralized exchange by means of Stellar’s native mechanism.