Hassan Maishera
RepubliK announced on Tuesday, August 27th, that it has launched Creator STOX on the STOX Market, a platform transforming social media monetization and valuation by opening avenues of direct value streams for individual content creators and influencers.
In a press release shared with Cryptowisser, the team pointed out that the STOX Market enables individuals to directly support and be rewarded for the success of their favorite creators by purchasing their STOXs using RPK Tokens on Arbitrum. This democratizes social media participation and fosters a direct economic link between creators and their communities.
Creator STOX leverages a unique value distribution model that allows a portion of fees generated through monetization features on the RepubliK Social App, such as fan subscriptions, token-gated chats, and tipping, to be pooled and distributed among STOX holders on the STOX Market dApp.
The model incentivizes creators to build and engage their communities while providing tangible crypto benefits to them and their supporters.
While commenting on this latest development, Richmond Teo, Co-Founder of RepubliK, said,
"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."
Since its beta release, the STOX Market has seen an increase in activity, with over 200 STOXs minted and a Total Value Locked (TVL) of 2,330,163 RPK in its smart contract. Furthermore, the platform has processed 3,363 trades on Arbitrum and boasts a combined social following of creators launching their STOXs at over 12.8 million. STOX Market is also attracting popular creators in the industry, including Mari Koda, an actress/lead dancer in the Step Up franchise, crypto KOLs like ibcig, two-time beatbox world champion Dharni, cosplayer/gamer Yuuno, and Asia’s top-ranked professional esports female gamer Cherzinga, and more.
Transactions involving STOX generate a trading fee shared between the RepubliK platform and the creator, ensuring that creators are rewarded for every trading activity of their STOX.
According to RepubliK, STOX Market uses a dynamic pricing system that reflects real-time engagement metrics across social platforms. The team explained that each creator’s STOX price is based on the social value across social media platforms, and RPK generated through monetization on RepubliK through tipping, pay2chat, and subscriptions.
RepubliK is the World’s first AI-powered SocialFi Platform striving to redefine content creation, sharing, and monetization through the integration of AI and blockchain technologies.
