Stox

About Stox

 

Stox (STX) is an open source, Ethereum based platform for prediction markets where people can trade the outcome of events in almost any imaginable category – sports, celebrity marriages, election results, and even the weather. The platform targets mainstream audiences and allows investors to leverage their knowledge and profit from prediction events. Stox is a spin-off of invest.com, an online financial company operating since 2014, which employs over 200 employees across 5 countries, and whose trading platforms accommodate over 3 million registered users.

[su_youtube url=”https://www.youtube.com/watch?v=lUPrafmW3Yo”]

Prediction markets are an exchange where any individual or organization can tap into the “wisdom of the crowd” to ask any question or predict the result of any event – users trade on the outcome of the event in to form of a stock exchange. Similar to financial markets, which assign a price to the future estimated earnings of a stock, prediction markets assign a traded price to a belief about the future or the probability of an event outcome. Individuals buy and sell outcome shares based on what they see as the probability at any given moment. For example, a price of 0.6 indicates a 60% chance of occurrence, and this price fluctuates along with changes in perception or additional information. Prediction markets are known to be useful not only for understanding the crowd mindset on certain topics, but also as effective prognostic tools (in a similar fashion to economic markets), and are used by large institutions and companies to predict the outcomes of business or product development courses.

The end goal for Stox is to create the leading decentralized prediction market used by mainstream audiences, by maintaining a thriving ecosystem of users looking to invest in event outcomes and providers looking to create events and be compensated for operating them. The main role of Stox is to develop the open source technology required for running the decentralized Stox platform and network and create a successful model incentivizing both users and providers to join the network.

Stox will be powered by the STX digital token, to be used for all activity in the network, including fees and collaterals as well as the currency for predicting event outcomes. STX value is designed to grow along with demand as more users and providers join the ecosystem. By combining expertise in regulated markets with blockchain technology, Stox incentivizes providers with existing customer bases, such as invest.com itself, to join and drive traffic to the network; indeed, Stox will feature invest.com as its debut provider. Providers will be motivated to cooperate as part of a larger network, while users will enjoy a well-rounded selection accommodating their diversified interests.

 

Stox 1

While committed to following all required regulations, Stox recognizes that it is still unclear how this activity is to be treated from a regulatory viewpoint. In decentralized applications, however, separate functions in the system can operate in isolation and possibly be provided by different vendors, making it easier to comply with the regulations of each field of activity or jurisdiction.

Also, since STX is a flexible exchange-rate currency, it is exposed to general liquidity and volatility risks, which could deter investors and users from participating. To avoid the adverse effects of separating the operational currency from the investment currency, Stox will rely on Bancor (an ERC20-compatible token template that offers continuous liquidity via an on-chain market maker) as the token platform for STX to resolve liquidity risks, and on the initial activity volume brought by invest.com to mitigate volatility. Furthermore, in order to appeal to a wide, mainstream audience, the acquisition and utilization of STX will be made as straightforward for users as using tokens in an online game.

Stox is introduced to a market already offering two prominent decentralized implementations – Augur and Gnosis – both of which have carried out successful ICOs. Stox self-identifies as having three distinctive characteristics: its single token economy, unique business model, and mainstream user facing design. Stox views prediction markets as a business, one which enables individuals to leverage the information or knowledge they possess for personal material gain by investing STX in event outcomes. For this, the trade engine must be practical and operate quickly and easily enough to satisfy its users. Therefore, Stox has designed its oracle mechanism under the assumption that it would usually use a centralized oracle, which – although contrary to the decentralization ideal – mainstream users do not normally consider a disadvantage.

Stox’s roadmap is made up of five milestones: development of the Stox Platform, development of the Stox App, launch with invest.com customer network, development of an ecosystem member SDK, and growing the ecosystem. In order to finance this roadmap, Stox will conduct a token sale of an initial supply of STX tokens. STX will be sold at a constant price (in ETH) and the initial supply will depend on the amount of STX sold. As of the conclusion of the sale, the distributed STX will constitute the entirety of the available liquid supply. A portion of the supply would be preallocated to invest.com (as the founding member of the ecosystem) in a long term vesting schedule. A major portion of the allocation to Stox Ltd. will be used for bringing further strategic partners to the platform. Also, after the end of the sale period, Stox will deposit 4% of the STX market cap in BNT as the currency reserve of STX, thereby activating its Bancor Smart Token features.

Founding Team

Ophir Gertner – Founder (at both invest.com and Stox), Chief Strategist – an entrepreneur with a track record of developing market-leading products and services, a wealth of international experience including leadership roles and over 15 years’ experience in financial markets.

Yossi Peretz – Chief of Operations and Technology (also at invest.com) – a COO and business development professional with a proven track record in the financial services industry; skilled in leading global business activities, operations management, technical support, service management, IT security & strategy and providing solutions.

Leonid Beder (CoinTree) – Blockchain Security Architect – a seasoned professional of system security, cryptocurrency systems and various blockchain protocols, architecture, and implementations.

Oded Noam (CoinTree) – Blockchain Architect – founder of VidWatch and PhraseTech technology startups, and has held senior engineering and management positions at Mobixell Networks, Adamind, Schema and Gate42.

Assaf Moalem, CPA  – Financial Controller – has 6 years experience in online trading markets as a CFO & Head Finance Controller.

Jose Danon Saltiel – Online Marketing Wizard – an online marketer with over 10 years experience in gaming, gambling, fintech and more; has a deep understanding of the industry, particularly affiliation, media buying, social and RTB; experienced in the English, Spanish, German, Dutch and French markets.

Shay Cohen – Master of UX & Design (also at invest.com).

Oren De-Lange – Community Manager – active crypto enthusiast since 2014; holds an LLB in Law.

Ilya Kolesnikov – Core Developer (also at invest.com) – a highly effective software engineer with over a decade’s experience mainly in ecommerce and fintech; has managed international teams of developers.

Eran Klein – Head of Product and QA (also at invest.com) – has almost 20 years experience in high tech companies; an expert in product and QA who specializes in online products.

Yevgeny Michlin – Support Engineer – has over 8 years experience in technical support.

Israel Shenkar – System Administrator – has over 10 years experience.

Nissim Ben Alush – Support Team Leader

Konstantin Rezhets – Mobile Developer – has over 5 years experience in startups, specializes in building lean, optimized and secure applications from scratch.

Liron Golan – HR Manager (also at invest.com) – has over six years experience in HR.

Rutty Yeziorsky – Office Manager & PA to CEO

Eyal Perera – Analyst – an experienced stockbroker and investment portfolio manager with over 7 years’ experience in the financial markets.

Varda Bachrach (?) – Content Specialist (also at invest.com).

Advisory Board

Eyal Hertzog – Foundation Council of Bancor (Bancor co-founder, product architect) – venture backed technology entrepreneur for over 20 years; previously founder of MetaCafe and Contact Networks.

Uriel Peled – CEO of CoinTree – head of operations at CoinTree; previously co-founder and CPO at Visualead.

Joe Chen – Founder, Chairman & CEO of RenRen – a pioneer of China’s internet industry; also a board member at invest.com.

Moshe Hogeg – Founder & Chairman of the Singulariteam Group – a serial entrepreneur; also a board member at invest.com.

Itai Avneri – CEO of invest.com – entrepreneur and experienced executive, expert in players/traders lifecycle for the gaming and finance industries; previously CEO of Playtech Marketing.

Eduardo A. Schilman, Ph.D. – Behavioral Psychologist at Playtika (sold for $4.4B).

Standard Specs

Technical White Paper       The Stox whitepaper is extensive, focusing more on the business model but addressing also technical issues. Answers to regulatory challenges are still vague.
Team Mostly transparent involvement, mainly through the Stox site, less through LinkedIn. Quite a few invest.com team members on the business side, plus CoinTree talent on the blockchain side.
Location Not sure. Invest.com’s HQ are in Cyprus.

Note, however, that Stox is in Israel.

Blockchain Ethereum ERC20 + Bancor for smart contracts, IPFS for content discovery
Project Code N/A. Planned to be open source.
Prototype N/A, but there are concept screenshots (both web and mobile).
Token Rights All financial activity within the Stox network (predictions, fees, collaterals, …).
Token as Asset Exchange.

Interested in deeper analysis – Stox?

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Token Sale Use of Blockchain

Product

2.8
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

Product Whitepaper

Use of Blockchain

2.8
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.

Whitepaper

Whitepaper Compliance

Roadmap

3.4
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

Roadmap Company and Team

Compliance

1.8
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

Compliance Token Sale

Company and Team

3.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

Company and Team Product

Token Sale

2.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Token Sale

Product

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
2.8

Use of Blockchain

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
2.8

Whitepaper

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.
Whitepaper Score:
3.8

Roadmap

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.4

Compliance

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
1.8

Company and Team

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

5.0
N/A
5 - Well established, has raised significant funds.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

4.0
N/A
4 - Fully assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
3.8

Token Sale

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.
Token Sale Score:
2.6

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