The blockchain prediction market platform
According to its LinkedIn page, Stox is an open-source, Ethereum-based prediction market platform. With Stox, users can ‘bet’ the outcome of events in various categories including but not limited to finance, sports, politics, and even the weather. The company was launched in 2017 and has a headquarter in Ramat Gan, Tel Aviv, Israel.
According to Crunchbase, Stox, legally known as Stox.com, Inc. provides financial data to consumers, public companies, and brokers to understand the return from their investments. Stox raised a total of $41.3M in funding over 2 rounds. The last one was finished on August 4, 2017, an Initial Coin Offering round. Stox also invested in other companies such as Intravelnet.com on Feb 4, 2000. This investment was valued at $3.3M. On October 4, 2017, Stox acquired Commologic according to Crunchbase’s reports. Stox has three core members including Alon Nisser and 5 board members and advisors including Eyal Hertzog.
The platform claims that users can explore and predict the hottest markets, create their own market predictions, and make a profit if they guess it correctly. The onboarding process is claimed to be pretty easy since only an e-mail address is required. After the users registered on the platform, they can start predicting right away or build their own portfolio. It also claims that the platform is running on risk-free mode, so a user would never lose their STX tokens, the native token of the platform. In addition to that, Stox also runs its own decentralized marketplace where uses can trade with each other in a decentralized and non-custodial way.