Stobox Token Expansion Updates

Stobox
4 min readSep 24, 2024

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Explore RWA Tokenization with the advantages of a Native Token

As Stobox continues to evolve, we are excited to present a series of significant updates that expand the utility of the Stobox Token (STBU). These initiatives, driven by community feedback, are aimed at strengthening the role of STBU within the Stobox ecosystem and positioning it for broader adoption in the rapidly growing Web3 economy.

With the upcoming release of Stobox 4, STBU holders will benefit from enhanced features and opportunities that directly impact the token’s value and utility. Below, we outline the key initiatives that will drive these changes and shape the future of STBU.

Stobox Token Staking Program

We are excited to announce the launch of the Stobox Token Staking Program, designed to unlock staking opportunities for both STBU token holders and Stobox Security Token (STBX) holders.

  • STBU Holders: You can now stake your STBU tokens to earn rewards over predefined periods. This provides an opportunity to generate passive income while contributing to the liquidity and stability of the ecosystem.
  • STBX Holders: Our Security Token Staking allows STBX holders to stake their tokens and earn STBU as rewards, offering a unique integration between security tokens and non-asset backed tokens within the Stobox ecosystem.

These staking opportunities provide both stability and incentives for long-term token holders while driving further engagement with Stobox products.

For more details on how to participate, visit the Stobox Staking Platform.

Stobox 4 — Rewards and Referrals in STBU

Stobox 4 is a groundbreaking Real-World Asset (RWA) tokenization platform that integrates Referral and Bonus Programs directly tied to STBU. The goal is to foster a community-driven ecosystem where users are rewarded for their contributions and referrals.

  • Referral System: All referral fees and payouts are routed through STBU, ensuring a steady demand for the token as more users participate in the platform.
  • Bonus Programs: Both new and existing users can benefit from bonus rewards in STBU, further driving the token’s utility and long-term value. As interest in RWA tokenization grows, this system ensures a continuous demand for STBU across the platform.

This integration of rewards and referrals into Stobox 4 creates a self-sustaining cycle where increased platform usage directly fuels demand for STBU.

Cross-chain STBU Program with CCIP

We are making STBU a cross-chain asset by integrating with Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This initiative will bridge STBU to multiple blockchain networks, including Arbitrum, Avalanche, Optimism, and Arbitrium.

  • Cross-chain Accessibility: This expansion allows STBU to interact seamlessly across different blockchain environments, enhancing liquidity and enabling users to engage with Stobox products on a broader scale.
  • Smart Contract Upgrades: As part of this effort, we will upgrade the current STBU smart contract to support cross-chain transfers and ensure compatibility with the supported networks.

Our goal is to make STBU a visible and usable asset on every blockchain where Stobox operates, ensuring broader reach and increased token utility.

STBU Burning Mechanism — Enhancing Value

In line with our commitment to maintaining a healthy and sustainable token economy, Stobox continues with a burning mechanism for STBU tokens. A 25% portion of the tokens involved in key activities, such as Stobox 4 referrals and rewards, will be permanently removed from circulation through a token burn process. This approach reduces the total supply of STBU over time, creating a scarcity effect that can potentially increase the token’s value.

The burning mechanism is designed to balance the increased token supply and ensure that the long-term interests of our community are prioritized. By reducing the circulating supply, we aim to support the price stability of STBU and reward loyal participants who believe in the project’s growth. This ongoing process will ensure that STBU remains a valuable asset within the decentralized finance ecosystem.

The burning mechanism is not just a technical feature; it represents our dedication to building long-term trust with the community and creating a token economy that fosters growth and sustainability.

To achieve our strategic goals, we have adjusted the total token supply and increased the circulating supply of STBU. As part of this process, Stobox has minted and distributed new tokens to support important community engagement initiatives, including staking, new exchange listings, rewards, and referral programs. These additional tokens are essential for boosting participation within the Stobox ecosystem, securing Tier-1 CEX listings, and ensuring that users are fairly rewarded for their contributions, all while promoting long-term engagement on our platform.

Read more information about Stobox Token's recent updates.

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Stobox

An award-winning tokenization company that provides technology and consulting to help clients leverage digital assets and tokenized securities.