What you'll learn 👉
Introduction
Stox Coin is a cryptocurrency based on ethereum and the Bancor protocol and provides a platform for forecasting markets.
Users of Stox can vote on possible event outputs and “trade” with possible scenarios. The Stox Coin itself is needed for various functions on the platform, but it can also be traded in the classical way.
The company behind Stox has a market capital of USD 29 million of which USD 1,721,237 is currently traded daily via Liqui, Btc018, EtherDelta, HitBTC, COSS and Yobtc.
Currently, 0.69 USD per coin must be paid (as of 18.12.2017).
Stox Coin – The Cryptocurrency
Stox is a platform that is featured by invest. com. invest.com was the first provider and operator of the platform.
Suppliers usually bring the flow into the system, for example, they develop apps based on Stox.
The operators create, manage and resolve the events coordinated by the number of users. Every person and every company can be a provider and/or operator.
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On the one hand, users of the platforms contribute to the results, but on the other hand they can also be investors who are tired of investing in classic business models.
This model can be particularly lucrative for investors, as they can turn their knowledge into profit in every conceivable area.
Stox is generally operated as open source. In the future, the company would like to launch an app with which users can gain on-chain access to Ethereum via the Stox Smart Contracts.
The app will also provide access to content, listings and event data backed up via a decentralized cloud repository.
Users of the app can create markets and categories, develop forecasts, trade with like-minded people and call up their own coin account and have it paid out at any time.
The Stox Coin is used as a fee, deposit and investment in the app and on the platform.
Stox Coin – The Company
invest. com was founded by Ophir Gertner in 2014 and focuses on alternative investments, with the aim of revolutionizing the market.
With the STOX platform, the team behind Gertner has succeeded in bringing together investors and app developers to generate a potential profit for both parties. For Stox, good cooperation is essential in order to constantly increase the flow of information and money on the platform.
So far they have cooperated with Singulariteam, Bancor, Cointree, Wings, TaaS, Hyperchain, Capital, Investment Firm, MME, Blockchain, Capital, Octopus, Legal Advisers, Bok Consulting Pty Ltd, CDCTX, BnkToTheFuture. com and Jaxx.
In cooperation with these companies, Stox has already been able to increase its level of awareness and the value of the coins enormously.
A platform such as Stox thrives on the amount of users and investors, which is why they want to provide a market on which to trade at the peer-to-peer level.
Conclusion
Stox is a platform for forecasting markets that is decentralized and allows users, investors and development to interact with each other to generate benefits for all parties.
The trend for forecasting markets is steady and the company behind Stox joins cryptocurrencies such as Gnosis or Augur.
However, Stox is designed for everyone and uses the channels of its cooperation partners to make the platform better known.
You can’t buy it directly for fiat on any exchange. You can choose the best coin exchange for your region and buy BTC there, then trade it for STX on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is trustworthy and has acceptable fees and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is a good Coinbase alternative. Coinmama is also safe exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit place to trade crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet
or KeepKey
, those are the safest options. You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets. We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.
