RepubliK has announced the official launch of Creator STOX on the STOX Market, a platform that is revolutionizing the social media monetization and valuation of social media by providing direct value streams for influencers and individual content creators.
The STOX Market democratizes social media involvement and creates a direct economic connection between creators and their communities by allowing people to directly support and be rewarded for the success of their favorite creators by buying their STOXs using RPK Tokens on Arbitrum.
A percentage of the profits from monetization features on the RepubliK Social App, such as fan subscriptions, token-gated chats, and tipping, may be pooled and distributed among STOX holders on the STOX Market dApp thanks to Creator STOX’s innovative value-distribution model. By giving them and their communities tangible cryptocurrency rewards, the strategy encourages creators to establish and interact with their communities.
The STOX Market has gained significant momentum in the last week since its beta release, with over 200 STOXs minted and a total value locked in its smart contract of 2,330,163 RPK. With 3,363 transactions completed on Arbitrum, the platform has over 12.8 million social media followers in total from creators who have launched their STOXs. Prominent figures from the industry are joining the platform: cosplayer/gamer Yuuno, two-time beatbox world champion Dharni, actress/lead dancer Mari Koda from the Step Up franchise, cryptocurrency KOLs like ibcig, and Asia’s top-ranked female gamer in professional esports, Cherzinga, are just a few of the influencers who have minted STOXs.
Richmond Teo, Co-Founder of RepubliK stated:
“Creator STOX marks a shift in how we perceive and participate in social media. It empowers fans to support and simultaneously benefit from the success of their favorite creators, strengthening the bond between creators and their communities through a mutually beneficial ecosystem.”
Supporters may partake in the increasing value of the creators they support as a result of the appreciation of the creators’ STOXs due to their expanding influence. In addition, every STOX transaction generates a trading fee that is split between the creator and the RepubliK platform, guaranteeing that creators get rewarded for each and every STOX trade activity.
The STOX Market relies on a dynamic pricing structure that reflects real-time engagement indicators across social platforms, setting it apart from conventional trading models. The social value across social media platforms and the RPK earned via RepubliK’s pay2chat, tipping, and subscription revenue are the foundations for each creator’s STOX price. This guarantees a fair valuation in line with a creator’s growing impact and promotes community involvement and steadfast supporter loyalty.
