Simba Storage Token (SST) is an ERC20 utility token built around the Simba ecosystem that provides a robust platform for storing bitcoins. Being based on a smart contract, the Ethereum blockchain, and the ERC20 standards, SST combines advantages from both Bitcoin and Ethereum. The main goal of the project is to simplify the entire process of managing and holding cryptocurrency (Bitcoins) as well as to provide a robust and secure instrument (Simba token) for retail and institutional investors.

According to the whitepaper, the core components of Simba’s ecosystem are:

1. Simba storage service

2. Simba Stable Coin

3. Simba Storage Token (SST) 

The whitepaper on SST was released in the second quarter of 2020. Simba’s founding team includes Anton Katin as CEO (chief executive officer), Alun Richards as COO (chief operating officer), and Alena Detkina as head of PR (public relations). The team decided the total supply of tokens to be 1 million tokens.