Blockchain can seemingly be used for many things these days and the wide application of this venture appeals to a wide array of economic interest areas. The Stox project is an exciting economic instrument that has the power to expand the influence of the prediction market along with other decentralized platforms like it. But in this case, the disruptive nature of the Stox investment is rather less elusive than the most predictive market on the centralized networks.
The platform’s goal is to develop an ecosystem built on the Ethereum VM which will enable people to have access to the predictive market which is a growing niche of economic interests. The predictive market has so far yet to be fully exploited and with this platform’s objectives, a widespread application of their protocol should enhance the effectiveness of the economic potential.
Categories to be focused on by their predictive market includes sports, weather forecast, and regular social activities.
The coin is currently being traded on 8 exchanges. Most of the exchanges where the asset is being traded are becoming fairly popular in crypto-space. The major trade pairs are BNT, BTC, ETH, and USDT. In order to buy Stox, there are few steps to be taken.
First, you will need any of the trade pairs, which includes you either have them already in your wallet or on any of the listed exchanges. Secondly, ensure you choose a trade asset with good enough liquidity to make the transaction go smoothly. Thirdly, once the asset has been purchased from the exchange, you need an external wallet to transfer your new coin.
As for storage, the token is an Ethereum ERC-20 based token and this makes it possible to store in any of the compatible wallets, such as myetherwallet and metamask. You could also choose to store them in the exchanges if you want on-the-go liquidation – for trading purposes.