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We are proud to announce an innovative new prediction market trading platform.
Introducing Stox - The future of trading.
Stox is an open source, Ethereum based platform for prediction markets where people can trade the outcome of events in almost any imaginable category - sports, celebrity marriages, election results and even the weather. The Stox platform targets mainstream audiences and provides a haven for investors to find refuge from traditional financial instruments.
Prediction markets (also known as predictive markets, information markets, decision markets or virtual markets) are exchange-traded markets created for the purpose of trading the outcome of events.
Any individual or organization can tap into the “wisdom of the crowd” to ask a question or predict the result of any event. Like any other prediction platform, Stox participants can trade on the outcome of the event. The market price can indicate what the crowd thinks the probability of the event outcome is.
Stox was designed by experts from the online trading industry, using the knowledge and expertise acquired by Invest.com. Invest.com is an established online financial company which has operated in the field since 2014. Invest.com’s trading platforms accommodate over 3 million registered users and have facilitated over 8 million transactions in the past year alone.
Invest.com currently employs over 200 employees across 5 countries, providing a solid foundation and infrastructure for the Stox network.
A combined expertise in regulated markets together with blockchain technology creates a unique opportunity for prediction markets that is tailored towards a mass audience.
The STX token will be a Bancor protocol smart token, built on Ethereum and holding a reserve in BNT. STX holders will enjoy continuous liquidity, automatic price calculation and the ability to convert STX to both BNT and ETH directly through the Stox smart token contract, without reliance on exchanges.
All activity in the Stox network revolves around the STX smart token. It will be the primary token for fees and collateral and serve as the only currency for predicting event outcomes.
The Stox platform will allow anyone to purchase STX to predict almost anything - whether it be sports, celebrity marriages, election results or even the weather. You can earn by levering your knowledge and creativity, and enjoy easy convertibility between STX and other tokens.
Stox is creating a robust business model that incentivizes other providers and industry leaders with existing customer bases like Invest.com to join the Stox network and drive traffic to it. Providers are motivated to join the Stox network to become part of a larger community and increase their overall engagement and enjoy syndicate fees.
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