Stox empowers users by freeing predictions from the control of third party operators. On Stox, users can place bets directly on the blockchain rather than on a centrally owned and controlled server. Reward is done with digital tokens connected to the blockchain rather than funds held by a centralized company. This means that users from anywhere in the world can use Stox platform without the major restrictions and downsides that often come with traditional prediction or gaming platforms.
The first major feature on Stox app will be prediction markets, where people can predict the outcome of events in almost any imaginable category. Anyone in the world can bet on any events, because the underlying prediction markets functionality is hosted securely on the decentralized blockchain. The funds are automatically distributed upon “settlement”, which happens when the results are published to the blockchain by oracles.
By hosting prediction markets on a decentralized platform, Stox solves three key problems necessary to disrupt the global prediction markets industry: lack of fairness, lack of control over funds, and liquidity. Predicting on the blockchain empowers users by freeing stakes from the control of third party.
Stox.com is fully transparent and publicly broadcasts every transaction in real-time. And the advanced cryptographic technology securely records every single transaction on the blockchain while safeguarding users privacy and control of funds.
Each STX token has a value, allowing its holder to participate in the growth and predictions of the network. All investments in prediction of event outcomes are made with STX. Activity in the Stox ecosystem is performed primarily using STX, making the token an integral part of the Stox platform and the driver for its economy. Also, 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.
The Stox platform is well equipped for future growth and adaptation to changing market conditions due to its next-generation technology.
