Stox by invest.com is an open source, Ethereal based platform for the prediction market where people can trade event results in almost any imaginable category. The platform targets mainstream audiences and provides shelter where investors can seek protection from traditional financial instruments and participate in predictions for the purpose of making a profit, leveraging their knowledge in almost every imaginable field.
What is the STX token?
The power behind Stox is the STX digital token. All activity in the network revolves around STX, from serving as the primary form for fees and collaterals, to serving as the main currency participants use for investing in event outcomes. The total supply of STX is fixed and shall be generated in its entirety during the token launch event.
How is Stox different from Gnosis and Augur?
Stox has three distinctly different characteristics:
Single token economy which is likely to boost token value.
Unique business model which incentivizes growth through business providers, starting with invest.com which will utilize its marketing and regulation know-how and open the platform to its large database.
Designed for mainstream users who will be able to easily access their funds. Will attract a critical mass of upon launch via invest.com.
How does the Stox ecosystem work?
There are three types of agents operating on Stox ecosystem: providers, operators and users. Providers are the ones who drive traffic into the ecosystem and develop new apps based on Stox’s open source prototype app. Operators create, manage and resolve events. Any individual, company or organization may become a provider or an operator. Moreover, it is possible for a single entity to be both a provider and an operator. Stox ecosystems motivates providers and operators to cooperate through event syndication and user affiliation to maximize each party’s relative advantages. As a result, providers may benefit from cooperating with multiple operators and vice versa. Last but least are the users, who are the investors taking part in events.
How does the Stox platform work?
The Stox platform handles the creation and participation of predictive marketing events, provides tools for growing the platform using event discovery features as well as helps incentivise providers, operators and potential users using market standard tools such as affiliate, syndication programs, promotional credit mechanisms and more. The platform also enables the Oracles operations by running collateral and dispute programs.
What is the Stox peer to peer app?
Stox will develop and publish a client for the Stox platform in the form of a fully functional prediction market app. The app will be open source and implement the user side of the model including on-chain access over Ethereum to Stox smart contracts. Stox will encourage any entity, individual or organization to join the Stox ecosystem, alter the official reference implementation and release their own branded and customized client to the Stox network and publish it to their organic or affiliate users. Stox will publish an open source customization SDK with tutorials and documentation to make the customization process as easy as possible.
What is planned ahead for Stox?
Our detailed roadmap for Stox consists of several milestones. In terms of the technical work the key milestones are development of the decentralized platform, the open source p2p prediction market application and the ecosystem member SDK. Once the application is ready, we plan to launch with invest.com, as the debut prediction market provider. In addition, as soon as most of the technology is available we will shift a major part of our efforts towards growing the ecosystem in order to encourage potential partner to join Stox. For more details on our our roadmap, please check our white paper.
Why does Stox use Bancor protocol?
Primarily for liquidity. The Bancor protocol provides an innovative liquidity mechanism for blockchain tokens.
What is the structure of the Stox Token Sale?
The sale is capped at $30 million. The ETH cap will be announced a day before the sale begins. 1 ETH will buy 200 STX. The sale event will start on August 2nd and continue for 14 days or until the sale cap of ETH is reached.
The STX token will be a Bancor protocol smart token, built on Ethereum and holding a reserve in EtherToken. STX holders will enjoy continuous liquidity, automatic price calculation and the ability to convert STX to ETH directly through the Stox smart token contract without reliance on exchanges. In addition to Bancor, the Stox token can be traded on existing exchanges.
