hello, today I want to tell you about STOX - the Israeli company Which amazes me and I am sure that it will also shock you significantly.
STOX is developing a Prediction Markets platform based on BlockTech technology that harnesses the wisdom of the masses to predict the results of future events in a variety of fields.
With the help of forecasting markets, an alternative market can be created to trade the results of events such as elections, financial events, sports and more. Market indices may indicate the wisdom of the masses, ie what the general public thinks, in this case - traders in the forecasting markets. In this way, it will be possible to know the probability of each scenario. Using the STOX platform, each one of them, with his skills and experience, can predict the outcome of any future event in the world and make a profit from it.
In addition to the predictions that will be provided by the platform's operators on a regular basis, "regular" users will be able to open a prediction for each event for which they are interested in receiving a crowd-based forecast. The platform will be provided with an open interface and will be adapted for operation by all common end devices. All activities on the platform including trading, forecasting, marketing forecasts and deciding results will be conducted through the STX TOKEN. Anyone who wants to trade (to submit a forecast) or to open a forecast for a particular event will do so using STX.
When the prediction is opened, an Oracle (a body or person to whom it can be relied upon) is chosen to report on the blockage, the actual result of the prediction. There is an option to challenge the determination of the oracle within 24 hours of publication, which adds to the reliability and transparency.
There are a number of advantages to working on Blockkin. The BlockKine network allows for transparency, and at the same time anonymity - two very important elements for the success of a platform like ours.
They conducted a successful ICO in which we raised 148,000 ETHs by issuing our currency - STX. In terms of the product, we are in an advanced alpha version and intend to launch the beta in 2018.
In the first stage, the company focuses on the economics of STX TOKEN's economy and less on generating profits from current operations. The platform is built as a B2B platform that will give business partners the ability to open forecasts to their customers. This business arm is designed to monetize the company. In addition, it is classified as a data provider that knows how to predict the results of future events with the help of the wisdom of the masses. Thus, entities interested in predicting certain events (such as what is the strongest trend in a particular market, which product is preferred to certain populations or even what will win in the next election) will be able to contact us in order to receive the information.