Stox Blockchain Prediction Platform Raises $15m in Token Pre-Sale

The ICO for the Stox prediction platform starts today at 14:00 UTC and the venture has already raised $15 million, half of its $30 million target, at the pre-sale stage. According to Stox's social media profiles, this was achieved thanks to a couple of new partnerships, including TaaS and Decentral.

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Decentral, creators of the Jaxx Blockchain Wallet, has announced that it will integrate the Ethereum-based STX token once it is ready for distribution and will also work towards other synergies with STOX.

Founder and CEO of Jaxx, Anthony Di Iorio, said: “We’re excited to support Stox as a new token. We’re always looking to build a more harmonious Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term community and this partnership brings us closer to that vision. The project is gaining a lot of attention and we definitely want to help bring prediction markets to the next level.”

Token-as-a-Service (TaaS), the tokenized closed-end fund dedicated to blockchain assets, has announced its contribution of 500 ETH to the Stox ICO, or as they call it, Token Generation Event (TGE).

“This contribution shows our commitment to include the most stable and liquid assets in the fund’s portfolio for the benefit of its token owners. TaaS embraces diversification as a key pillar for sustaining and scaling up the fund’s performance. We are excited to contribute to STOX’s TGE and to support their effort of becoming a pioneering member of the Bancor network,” said Ruslan Gavrilyuk, co-founder and CEO of TaaS.

Of course the marketing of the ICO also got a massive boost last week when the American boxing champion Floyd Mayweather promoted Stox on Instagram ,where he has over 16 million followers.

Stox is being developed by the invest.com group and will deploy its smart token STX using the Bancor protocol to guarantee Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on Ethereum.