Crypto Current Affairs—New Prediction Market Stox and STX Smart Token + Japanese Retailers Temporarily Stop Accepting Bitcoin!
Prediction market Stox is the newest product from Invest.com and it will soon launch a token sale based on Bancor Network's smart token platform. Investments raised through the ICO will used for the development of the platform. The token generation event will be announced soon where you can purchase these STX tokens.
It will be an Ethereum-based platform that will make it possible for anyone to make a prediction towards the outcome of events in nearly any category imaginable. Some of the most important categories include sports, politics and finance.
Stox prediction market will be open source and aims to create a decentralized prediction market where mainstream audience and create a successful model that will incentivize both users and providers using the network.
According to STOX:
Powering Stox will be the STX digital token, the primary form for fees, collaterals, and the currency for investment in event outcomes.
In a statement Stox CEO Ophir Gerner said:
Stox is a serious business managed by experienced professionals. The biggest difference, is that there is a real, substantial, experienced company behind this. This isn’t a few folks and a whitepaper that have never managed a company, dealt with user acquisition, weather the ups and downs, etc.
They will be developing a new client for the Stox platform in the form of a fully functional prediction market app. It will provide on-chain access to Stox smart contracts over the Ethereum blockchain amongst other things.
There have been dozens of ICOs off late but will Stox become another a BIG ICO that could potentially disrupt Ethereum blockchain during it's ICO? It certainly seems to an exciting new project it is backed by a well known and solid business (Invest.com) and the Stox ICO announcement is expected to happen very soon!
Japanese Retailers To Temporarily Stop Accepting Bitcoin!
Over 5,000 Japanese retailers including local stores and restaurants which only recently started accepting bitcoin are likely to halt it accepting it as a form of payment from 31st July to 2nd August. It is to safeguard customers against any loss of Bitcoin during transactions.
However this is unlikely to affect business as most of them are still operating mainly on cash and cards.
“On Aug. 1, 2017, we may temporarily suspend Bitcoin deposit and withdrawal for Coincheck exchange and payment services to protect users assets…The resume date is unspecified, but we expect several hours to several days. Also, if we decide that a Bitcoin fork will not take place on Aug. 1, 2017, 12 am, the suspension of services will not happen.
Recruit Lifestyle recently announced that it's point-of-sale app is ready to accept Bitcoin. It has partnered with Japanese Bitcoin exchange Coincheck to enable over 260,000 retail stores in Japan to accept Bitcoin cryptocurrency.
Japan has also legalized Bitcoin encouraging other nations such as South Korea and India to move towards doing something similar.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
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Interesting, I wrote the most extensive review you will find about Bitquence recently who are also rewarding users for creating prediction models.
On a side note I'm currently running a constructive comment campaign which aims to improve Steemit content by rewarding comments with 5-10 cents. Curious to hear your feedback on that post and I welcome your readers to participate @firepower.
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The platform is already working and making a profit :)
https://steemit.com/ico/@newico/true-flip-ico-already-running-a-transparent-blockchain-lottery-bomb-bonus-20-ico-will-end-in-2-days-hurry
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@firepower don't you think we are getting toooo many new crypto coins?
It sure is. More options in the market. More the merrier! :D
Awesome .. thanks for sharing
Glad to share!
Seems like a lot of companies have halted on that. They are still unsure about everything.
It will be fine soon!
https://steemit.com/advice/@chukamozie/the-lady-bug
What has it got to do with this post?
Hello @firepower..thanks for very informative post ..it's very helpful for people who are looking for buying bitcoin or other crypto currency...great post
Thank you. Glad I could help!
Very good post, follow, upvote and resteem.
Thanks.
Why do we have so many ICOs, but seemingly less platforms being created to use existing currencies? How does Stox differ from a USD based betting platform?
Looking forward to seeing how successful it will be.
Yep! Same here.
Hey... this is a really good post, thanks.
Thank you.