Creator Yield Token
Last updated
Last updated
The Creator Yield Token (YT) allows early fans to support Storychat creators and includes a share of the creator's equity. Each creator can have their own YT, and token holders share in a portion of the creator's total earnings.
Earnings are paid in $APT.
This system enables growing creators to effectively raise funds, while $SCHAT token holders can acquire a stake in promising creators through early support. Yield Tokens can be traded on Storychat Trade.
While anyone can become a creator on Storychat, not all creators are eligible to issue Yield Tokens.
Creators meeting Storychat's criteria for content quality, activity history, follower count, etc., can apply to issue Yield Tokens. Once approved by the Storychat team after a final review, a staking pool for the creator is created on Storychat Trade.
Staking is the final check to confirm actual demand from users. $SCHAT token holders can stake their tokens in the Staking Pool of a creator they wish to support on Storychat Trade. If the total staked amount reaches the target, the public sale of Creator Yield Tokens begins, and anyone can purchase them using $SCHAT tokens.
The staked $SCHAT tokens are converted into Creator Yield Tokens at a discounted price, with priority over the public sale.
Earnings from Creator Yield Tokens are distributed in $APT, after deducting Storychat platform fees. Payments are made based on milestone achievements to ensure the creator's continued active participation.
Creator Yield Tokens support emerging creators and offer $SCHAT token holders the opportunity to acquire stakes in promising creators. This establishes a sustainable economic system within the Storychat ecosystem, benefiting both creators and fans.
