Stox – nice free user experience – probably undervalued
STOX platform
About a month ago, I came across the STOX platform. It’s an Ethereum based platform, where you can stake tokens to make predictions and earn tokens if your prediction is right. In the future, I’d expect STOX to be a bit like educated betting. As people put tokens with real value at stake, their prediction corresponds to their real expectations and that will become an interesting source of information. I want to share it with you, because I enjoyed the few predictions I made.
Demo version
What I like about the platform is that they have a demo version where you can try it out – for free. If your prediction is correct, you win real tokens. This is their way of testing the platform AND getting people involved.
The kind of topics are submitted by participants, but selected by the STOX team. The categories are currently Blockchian, sports, tech, entertainment and economics
Here are a few screenshots for your reference.
Invest.com
According to the whitepaper, STOX will have access to a large user base from Invest.com (3M registered users)
“By leveraging invest.com’s ability to market the app to its existing active user base, mainstream traffic will be directed towards the STOX network and real users will be introduced to an operable prediction market.“
Roadmap
Progress of the project is described in this blog. Among other updates, they pay attention to Chinese translation of the website, a key market in my opinion. Questions about when the platform goes live and when the app will be available are redirected to the roadmap. The roadmap is a little bit unclear to me, but it says invest.com customer network in Q2 2018 and Mobile 1.0 in Q3 2018. Although I’d like things to go quicker, I think those are realistic deadlines. The project also has a Telegram channel with 3500+ members.
ICO & current market cap
USD 34M in 34 hours in July 2017. There was a bit of hype in the first month and a steady decline afterwards. In February, it’s valued at the lowest value since inception, although we’re getting closer to some key events. As the current market cap is around USD 19M, I think the token is undervalued. Compared to market caps of competitors like Gnosis (USD 156M) and Auger (USD 605M), STOX has plenty of upside.
STOX tokens aren’t listed on large exchanges, but according to their blog, they’re working hard on it.
ICO Bench (https://icobench.com/ico/stox) gave the token a 3.4 out of 5, but that’s based on one automated rating only. The STOX ICO collected
Pros and cons
+You can experiment with a crypto token and earn while there’s nothing to loose
+Platform is user friendly, with mobile app in the pipeline
+Potential income from price developments of STOX and other cryptocurrencies
+Potential growth from Invest.com’s network
+Current valuation 44% under ICO level.
+Max supply is limited to approximately 57M
-Currently only few topics (should increase)
-Amounts very small in beta version (economics in the live version are explained in page 54 of the whitepaper)
Conclusion
There is a clear market for this project and it makes sense to transform it to a blockchain environment because it makes the prediction market more reliable, flexible and efficient. STOX might have suffered from general market sentiment, because it’s currently at the lowest valuation since inception, whereas good developments can be expected in Q2 and Q3. The limited max token supply, Chinese translations, exchange listing and the partnership with invest.com can all contribute to value creation in the course of 2018.
If you’d like to join STOX and try the platform with 10’000 demo tokens, please use this link to sign up: https://goo.gl/yJHGNS
Resources
Website: https://www.stox.com/
Whitepaper: https://resources.stox.com/stox-whitepaper.pdf?_ga=2.71956439.539117772.1517477405-1431954943.1517477405
Blog: https://blog.stox.com
Thank you for reading, following and upvotes. If you have any questions, please leave them below.
Small print: All pictures are screenshots from the STOX website and prediction platform and coinmarketcap.com. I own STOX tokens and will probably receive a bounty for this article. Nevertheless, I would never have taken the time to write this article if I wasn’t excited about the prospects for this project.
I'd be curious how the betting functionality works. For example, what incentive is there NOT to bet at the last minute when the odds are most clear, before an event is locked or settled? where is all this explained?
That’s a great question and I asked it in the telegram chat. I agree that time should have substantial impact on the odds. I was surprised to hear they they don’t consider it yet, but I could imagine that they first focus on plain predictions and add a time algorithm at a later stage. Until then you can probably benefit from betting at the last minute!
Great post i will give you a 100% boost, keep it on
Thanks @dowha, that was just the bit of appreciation I needed. I don’t write much, but I try to write articles that contribute something!
really nice article :) thank you for posting it.
my only concern with these type of sites is that if a lot of predictions are wrong in a row the site should not be able to run as they usualy invest in whatever the predictions say.
Thank you! True remark. So it also needs to be rewarded to be honest.
I thought about election polls. The item you will vote for, isn't necessarily in line with your expected outcome. People who voted trump, might have expected Hillary to win and vice versa, but I'm comparing apples with pears here, because polls aren't the same predictions.
You've got our team services----[@steemsoul--@rayhanahmed--@shahanasayan--@raselhossain]
nice thanks! What do you think about the Stox project?
Upvote & Re-Steem