Stox’s Initial Coin Offering (ICO) aimed at raising $30 Million was to start on Wednesday 2nd August, 2017 and last for about a month. The ICO however lasted under 24 hours because the $30 Million target was reached and even surpassed by $3 Million. This makes Stox the ninth most successful ICO campaign yet.
American boxing heavy weight champion Floyd Mayweather was seen on Instagram promoting the Stox ICO days before it went live.
He shared a picture of himself in a private jet with wads of dollar bills arranged and then he wrote;
“I’m gonna make a $hit t$n of money on August 2nd on the Stox.com ICO”
Stox is to make use of its smart token STX to offer a peer-to-peer trading experience for use via the Bancor protocol.
As stated in the Stox whitepaper, “Prediction markets are a disruptive economic instrument that has yet to penetrate mass investor audience due to excessive regulation and the fragility of existing centralised implementations”. It goes further to say “The maturity of blockchain technology is poised to change that as decentralised implementations for scalable prediction markets are within reach”
By this Stox has clearly defined its mission to lead a foray into the decentralised prediction market space by making use of its own open source platform.
Now that its ICO has ended way ahead of schedule, the next step for the project is the execution of the Stox decentralised open source platform.
For more updates: Stox ICO