Stox (STX) Review & Analysis – Stox ICO Review

Stox

Blockchain Prediction Markets Platform

ERC20 Token

Build new markets, make predictions, trade with peers andmake profit on one decentralised platform. Stox is an open source, Ethereum based prediction market platform, where users can make their predictions to generate their portion of a stake for a specified event.

Single Token Economy:
Using the wisdom of the crowd, combined with their own individual skills and knowledge, people will be able to predict the outcome of events in almost any imaginable category: Finance, sports, politics and even the weather. Powering Stox is the STX digital token, the primary form for fees, collateral, and the currency for wagers in event predictions.

Stox is designed, first and foremost, as a practical framework for the mainstream prediction market.

Take positions at any time set your prediction from wherever, whenever you wish
Use STX Tokens for numerous global prediction trades
Create Markets, Categories & Predictions

“The end goal for Stox is to create the leading decentralised prediction market for mainstream audiences by maintaining a thriving ecosystem of users looking to participate in event outcomes.”

Exchanges

Positives

The “Prediction Market” Space Is Very New and Still Finding It’s Footing in Terms of Real World Usage. The First Company to Make Things Accessible and Easy for Everyday People Will Be in the Position to Garner Adoption at a Rapid Rate. This Type of Application Is One That Could Go “Viral” Very Quickly Due to the Apps Available at Peoples Fingertips.
Beautiful Website. Super Easy Research for Investors. Extensive Documentation Including a Full Whitepaper Available in English, Russian and Chinese. Great Graphics. Well Structured and Presented.
Great Looking Team. Very Extensive with Members Dedicated to the Finer Details Such as Legal Counsel and Hr Management. It’s Great to See a Project with a Team Big Enough to Split up Roles like This Instead of Having People Covering Several Roles.
The Roadmap Featured on the Stox Website Is Extremely Detailed. Great to See Detailed Milestones for Each Quarter up until Q4 2018. Past Progress Is Also Present. Very Exciting Developments to Come in Q3 and Q4 of 2018.
The Social Media Presence That Stox Has Is Very Impressive. Stox Has Been Featured in the Press Numerous times Including an Article from Techcrunch. Marketing Is Clearly a Strong Point Here as It Doesn’t Appear That They Are Wasting Money on Banner Ads and Putting More into Building a Community, Something That Is Essential to This Business Model.

Concerns

The Stox Github Is Not Very Active. For a Project That Isn’t Exactly New, It’s Odd to See a Github with Very Little Publicly Available to View. It Is Completely Possible That Stox Is Keeping Their Github Progress Private until the Are Confident Enough to Share Their Code. We See Projects Do This All the Time to Prevent Competition from Stealing Code. Not a Huge Concern but Investors Should Keep an Eye on This.
Plenty of Competition in This Space. Auger, Gnosis and Cindicator Are All in the Prediction Space as Well Although All Are Slightly Different from One Another. The Stox Team Looks Very Capable of Being a Strong Competitor in This Space, If Their Github Is Updated or Set to Public, We’d Get a Better Idea of How They Are Fairing Against These Competitors.
No Other Concerns Here. Stox Is in a Unique Position Where Their Team and Advisory Board Gives Them the Opportunity to Take the Lead Away from Current Competitors. The Whole “Prediction Market” Space Is Still Very New so Investors Should Not Expect a Quick Flip, This Is a Long Term Hold.