Token of Blockchain Prediction Platform Stox Now Integrated on Bancor
- Users can now trade STX on Bancor with no exchange fees and without worrying about liquidity issues.
The team behind the 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-based prediction platform Stox has announced that the STX token has been integrated on Bancor as was planned. Stox is being developed by the invest.com group and raised over $30 million in its ICO in July.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The Bancor protocol provides an automated conversion mechanism for blockchain tokens. STX is a Bancor protocol compliant Smart Token, meaning that its ongoing supply is dynamic and will grow as STX is purchased and shrink as STX is sold, via the smart contract (as opposed to on an exchange).
The STX Smart Token holds a single connector balance of BNT (Bancor Network Token) at a weight of 4% of the STX market cap (2% of total STX supply). STX can always be purchased and sold for BNT at its algorithmically calculated price, which will maintain the 4% BNT balance, according to the Bancor protocol formula.
Background
Stox is meant to offer a peer-to-peer trading experience. The developers say that the platform is based on blockchain technology, crowdsourced information, and runs using an algorithm that assesses what the crowd thinks about a specific event. The platform is also said to be dynamic, meaning that prediction patterns and assessments change based on events occurring daily.
Users of Stox’s prediction market platform can purchase STX directly with the BNT smart token using ETH, as well as liquidate STX back to Ethereum, with low Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term and no spread.
The team behind the 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-based prediction platform Stox has announced that the STX token has been integrated on Bancor as was planned. Stox is being developed by the invest.com group and raised over $30 million in its ICO in July.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The Bancor protocol provides an automated conversion mechanism for blockchain tokens. STX is a Bancor protocol compliant Smart Token, meaning that its ongoing supply is dynamic and will grow as STX is purchased and shrink as STX is sold, via the smart contract (as opposed to on an exchange).
The STX Smart Token holds a single connector balance of BNT (Bancor Network Token) at a weight of 4% of the STX market cap (2% of total STX supply). STX can always be purchased and sold for BNT at its algorithmically calculated price, which will maintain the 4% BNT balance, according to the Bancor protocol formula.
Background
Stox is meant to offer a peer-to-peer trading experience. The developers say that the platform is based on blockchain technology, crowdsourced information, and runs using an algorithm that assesses what the crowd thinks about a specific event. The platform is also said to be dynamic, meaning that prediction patterns and assessments change based on events occurring daily.
Users of Stox’s prediction market platform can purchase STX directly with the BNT smart token using ETH, as well as liquidate STX back to Ethereum, with low Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term and no spread.