STOX(STX) Prediction Market- Best Platform you can Use to Bet

nalinpuri (25)in #crypto • 6 years ago (edited)

About ICO

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.

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.

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Usage Of token

Fees for participating in event predictions and investing in event outcomes are collected in STX.
These fees are the primary channel of revenue for event creators and market makers.
Syndication fees for promoting events between apps of different providers in the Stox
ecosystem are paid between providers in STX
Event operators must hold a reserve of STX to act as a counterparty for investments made by
users on specific outcomes during the event.

Market Size

Prediction Markets have a huge potential in today's online businesses where millions of traders make a lot of money.
None of these companies appear to be exploiting the full potential of prediction markets.

The global market for sports forexample was almost 50 billion dollars in 2016 and keeps growing steadily by at least 10% annually.Financial predictions also show potential which is already seen in centralized online companies

Best Trading Experience

This Platform will give you type of trading experience that you have never seen before.Trading will be Fast as a Supersonic Train. No Other Betting and Predictions Platform will give you a trading experience like that of Stox.

Our app will be open source and implement the user side of the model including on-chain access over the Ethereum network to Stox Smart Contracts.

Work Of a Provider and Developer For Your Knowledge

The roles of a provider include:

• Provide users with access to the network through the original Stox app or release a branded
version of the app according to the reference implementation provided by Stox

• Bring traffic into the Stox network by promoting the app to its customers

The roles of an operator include:

• Create prediction events that users will be interested in

• Act as a centralized reputable oracle for these events