#BLES adds "ST" after Digital Money, which usually has two common meanings, and the specific one needs to be determined based on the context:

1. Security Token - The most common and formal meaning

This is the most mainstream and technical explanation.

· Meaning: ST stands for Security Token. This means that this Digital Money is not an ordinary "Utility Token," but is recognized by regulatory authorities as a type of security.
· Core Features:
· Regulated: Security Token Offerings (STOs) must comply with the securities laws and regulations of the country or region in which they are issued (e.g., SEC regulations in the United States), which is fundamentally different from unregulated Initial Coin Offerings (ICOs).
· Represents ownership: It typically represents ownership or interest in an underlying asset, such as shares in a company, a stake in real estate, an investment fund, or the right to distribution of future earnings.
· Backed by actual value: Its value is linked to the performance of the asset or company it represents, rather than being solely dependent on market supply and demand and speculation.
· Example: If a project is called "ABC Project" and it has conducted a compliant security token offering, its token may be named ABC ST to clarify its legal attributes.

2. Suffix defined by the project party - an informal but common usage

In some cases, especially in earlier cryptocurrency projects, "ST" may simply be a suffix added by the project team without any special standard meaning.

· Meaning: It may represent the name of the project, a certain feature or function. For example, it could be an abbreviation for "Smart Token", "Star" or simply the name of the project itself.
· How to distinguish: In this case, it is necessary to consult the project's white paper, official documentation, or official website to see if there is a clear definition of "ST" by the officials. If it is not defined as "Security Token", it is likely just a name suffix.
· Example: A project named "Sunrise" might name its token SUNRISE ST, where "ST" could stand for "Sunrise Token" rather than a security token.

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How to quickly determine what it means?

1. Check the project background: If the project explicitly promotes that it has conducted an "STO" (Security Token Offering) and emphasizes compliance and regulation, then "ST" can almost certainly be referred to as Security Token.
2. Read official materials: Visit the project's official website directly, read its white paper and documents, this is the most authoritative way to confirm.
3. Check the trading platform information: In some major exchanges, there are usually special labels or descriptions for security tokens.
4. Contextual Judgment: If everyone is discussing investment compliance, legal issues, etc., then it is very likely they are discussing Security Tokens. If they are just talking about the token name of an unknown project, then it may just be the latter.

Other less common possibilities (less common)

In some very specific contexts, there may be other meanings, but the probability is very low:

· Staked Token: Refers to derivative tokens or proof of yield obtained through staking, but the more common abbreviations for this situation are vToken, sToken, etc., rather than simply ST.
· Abbreviation Misinterpretation: Sometimes people may misread or miswrite the "t" in "USDt" (Tether stablecoin), but this is completely different from "ST".

Summary

In summary, when you see "ST" behind digital money, you should first consider whether it refers to "Security Token". This is currently the most standard and commonly used meaning in the industry. If you are unsure, the best approach is to directly check the project's official information for the most accurate explanation.