Stobox Token

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Discover Stobox Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Stobox Token?

Stobox Token (STBU) is a native utility token within the Stobox ecosystem, which includes DS Dashboard and DS Swap. It is used for commissions and rewards for customers who bring value to the ecosystem. STBU is utilized for paying fees and commissions on the Stobox DS Swap and related crypto activities.

How is Stobox Token used?

The Stobox Token (STBU) is a native utility token used within the Stobox ecosystem. It serves several purposes:

  1. Commissions Token: STBU is used to pay fees and commissions on the Stobox DS Swap and related crypto activities.

  2. Reward Token: It rewards customers who bring significant value to the ecosystem, providing them with special terms.

  3. Payment Method: Businesses can use STBU to pay for subscriptions to the DS Dashboard and other Stobox products, which allows them to save on pricing plans.

  1. Operations in DS Swap: STBU is used for fees, commissions, and access in the secondary market of DS Swap.

  2. Marketing Incentives: The token is used to promote and incentivize both business users and investors to engage in Stobox marketing activities.

  3. Utility Token: STBU is a functional utility token designed for use only on Stobox's business platforms, which are yet to be developed.

How do I store Stobox Token?

To store Stobox Token (STBU) tokens, you have several options:

  1. Store on an Exchange: You can hold your STBU tokens on an exchange, which provides convenient access to investment products and features like spot and futures trading, staking, and lending. Ensure the exchange has strict security measures in place to protect your assets.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your STBU tokens to a non-custodial wallet, granting you complete control over your private keys. This includes hardware wallets, Web3 wallets, or paper wallets. Be cautious not to lose your private keys, as this could result in the permanent loss of your tokens.

  3. Atomic Wallet: Atomic Wallet is a trusted multi-asset wallet that supports STBU tokens. It is available for both desktop and mobile devices and is known for its security and user-friendly interface. Atomic Wallet does not require registration or KYC and ensures that your private keys are encrypted and remain on your device.

How to buy Stobox Token?

To buy Stobox Token (STBU) tokens, follow these steps:

  1. Create an Account:

    • Choose a reliable and trustworthy crypto exchange that supports Stobox Token (STBU) purchases, such as Binance, KuCoin, or Gate.io.
    • Create an account by providing necessary information, including your email address, a secure password, and complete any identity verification steps.
  2. Choose a Funding Method:

    • Add a payment method to your exchange account. Common options include:
      • Credit Card or Debit Card
      • Bank Deposit
      • P2P Trading
      • Third-Party Payment
  3. Buy Stobox Token (STBU):

  • Navigate to the Buy & Sell section and select Stobox Token (STBU) as the cryptocurrency you want to buy.
  • Choose the payment method and complete the purchase.
  1. Transfer to Your Wallet:
    • Once you've purchased STBU, you can either hold it in your exchange account or transfer it to your personal cryptocurrency wallet, such as Metamask Wallet.

Alternatively, you can also buy Stobox Token (STBU) directly through a crypto wallet that supports fiat-to-crypto purchases. Ensure the wallet supports STBU and follow the wallet's instructions for purchasing and swapping cryptocurrencies.

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History of Stobox Token

The Stobox Token (STBU) is a native utility token of the Stobox Ecosystem, which includes DS Dashboard and DS Swap with a Progress Layer. The token is designed for use within the Stobox ecosystem and is not considered a security or financial instrument. It is used for various purposes such as paying fees and commissions on the Stobox DS Swap and related crypto activities, as well as rewarding customers who bring significant value to the ecosystem.

Historically, the Stobox Token has experienced significant price fluctuations. It reached an all-time high of $0.501 in November 2021 and an all-time low of $0.0001175 in January 2022, indicating a highly volatile market. The token has also seen notable gains, such as a 5,000% increase in 2023.

The token's price history is marked by significant highs and lows. In May 2021, it reached an all-time high of $0.4072. Since then, the price has been constantly changing, with predictions of both increases and decreases. For instance, one prediction suggests that the price will rise by 227.20% and reach $0.468936 by July 18, 2024.

The Stobox Token is traded on various markets and has a circulating supply of 98,499,799 STBU, with a total supply capped at 100,000,000 STBU. The token is freely traded, and its value may fluctuate based on market conditions.

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How Stobox Token works

The Stobox Token (STBU) is a utility token built on the ERC-20 standard of the Ethereum blockchain, with clones in Ethereum-compatible chains such as BSC. It is primarily used within the Stobox ecosystem, providing various benefits to its holders. Here are some key aspects of how STBU works:

Functionality

STBU serves as a utility token, granting additional benefits when using multiple Stobox products and services. Some of these benefits include:

  • Payment for commissions: STBU can be used to pay commissions on Stobox DS Swap, a decentralized platform for trading security tokens.
  • Buying Stobox services: Holders can use STBU to purchase services and products offered by Stobox.
  • Liquidity pool creation: STBU allows users to create liquidity pools in DS Swap, enhancing the trading experience.
  • Participation in company activities: STBU holders can participate in company engagement activities and receive additional benefits like sharedrops.
  • Discounted commissions: Holding STBU can result in discounted commissions on Stobox DS Swap.
Trading and Availability

STBU is traded on several exchanges, including Gate.io, Uniswap, and Probit. It is also supported by various wallets, such as Atomic Wallet, which allows users to manage their STBU alongside other cryptocurrencies.

Tokenomics

The total supply of STBU is capped at 100 million tokens, with a circulating supply of around 98.5 million. The token's market capitalization and trading volume are tracked on platforms like CoinMarketCap.

Use Cases

STBU is designed to facilitate the use of Stobox's tokenization services, which focus on converting real-world assets into digital tokens. This includes tokenizing residential apartments, as seen in the Landshare project, and other assets like properties and resources.

Security and Support

The security of STBU is ensured through its blockchain-based architecture and the encryption of private keys within wallets like Atomic Wallet. Additionally, Stobox provides support for its ecosystem and token through various channels, including live chat and email support.

In summary, STBU is a utility token that enhances the user experience within the Stobox ecosystem, offering benefits such as discounted commissions, liquidity pool creation, and participation in company activities. Its functionality, trading, and tokenomics are designed to support the tokenization of real-world assets.

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Stobox Token's strengths

The Stobox Token (STBU) has several strengths that make it a valuable digital asset within the Stobox ecosystem:

  1. Strategic Integration: STBU is deeply ingrained in Stobox's products and services, enhancing its utility and reinforcing its position as a fundamental element in the company's digital infrastructure.

  2. Token Burn Events: Stobox has scheduled token burn events, such as the one in January 2024, which aim to adjust the supply of STBU in circulation, potentially influencing its value and scarcity.

  3. Pricing Model: Stobox offers a flexible pricing model that can be customized to suit issuers with extensive operational needs, making it more accessible and practical for various businesses.

  1. Utility in Products: STBU is used for payments in the ecosystem, including business subscriptions, fees, and commissions on the DS Swap secondary market. It also incentivizes both business users and investors to engage in Stobox marketing activities.

  2. Tokenization Services: Stobox provides comprehensive tokenization services, from strategy to secondary market, which helps clients leverage digital assets and tokenized securities effectively.

  3. Real-World Asset Tokenization: Stobox has successfully tokenized various real-world assets, such as residential apartments and villas, demonstrating its ability to increase liquidity and attract investors.

  1. Strong Network: Stobox has a strong network of partners worldwide, including law firms, marketing agencies, and niche service providers, which enhances its capabilities and reach.

These strengths position STBU as a long-term digital asset with significant value and utility within the Stobox ecosystem.

Stobox Token's risks

Stobox Token (STBU) carries several financial risks that investors should be aware of. These risks include:

  • Market Volatility: The value of STBU can fluctuate significantly due to market conditions, regulatory changes, technological developments, and investor sentiment, leading to potential gains or losses.
  • Token Manipulation: STBU has a high risk score, indicating that it can be easily manipulated by analyzing the amount of money required to shift its price over a 24-hour period, along with changes in volume and market cap.
  • Regulatory Uncertainty: The regulatory environment for cryptocurrencies remains uncertain and can significantly affect the token's value.
  • Security Issues: Investment in digital assets like STBU involves risks related to potential security issues, which can impact the token's value.
  • Token Burns: While token burns can potentially increase the value and scarcity of STBU, they can also be strategic measures to adjust the supply of tokens in circulation, which may influence the token's value.
  • Investment Risks: Investing in STBU involves inherent risks, and individuals should carefully consider their financial situation and conduct thorough research before making any investment decisions.

These risks highlight the importance of exercising caution and thoroughly understanding the token's features and market dynamics before investing in STobox Token (STBU).

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Did Stobox Token raise funds?

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Stobox Token’s team

  • Ross Shemeliak: Co-founder of Stobox, involved in the development of RWA.Media, a platform focused on enhancing understanding and fostering dialogue in the Real World Assets (RWA) community.
  • Gene Deyev: Chief Product Officer (CPO) and part of the core team, supported by outstaff teams and technical advisors. He is also involved in the development of RWA.Media.
  • Borys Pikalov: Co-founder of Stobox, contributing to the development of RWA.Media and bringing five years of industry experience to the project.
  • Tania Sultana: Author of an article highlighting Stobox's role in the crypto market and its tokenization services.
  • Stobox Team: A highly skilled team of over 35 employees with five years of experience, successfully managing more than 60 complex client requests and developing innovative blockchain products.
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