‘’When Lambo???”

Our CEO Yossi Peretz returned from Blockchain Week NYC and we are excited to share his thoughts and insights on the impact of the conference.

The week wouldn’t be complete without talk and tweets of Lambo’s and Moons, and of course, the net certainly did not disappoint.

We sat down for a question and answer session with Yossi to share the most impactful aspects of the conference.

Yossi was able to attend three elements during Blockchain Week NYC: Blockchain Asia, Consensus2018 and the Prediction Market Panel breakaway session. Here’s what we learned.

Stox CEO Yossi Peretz with the Bodhi Token Team at Blockchain Week NYC

What moment had the most impact for you during the conference?

Upon arrival, I was really surprised at the impact, enthusiasm and the turnout! It was shockingly amazing to me to see people willing to wait in line for up to three hours to learn, listen and share about cryptocurrency. To see the tech Community completely enthralled in the events of the week, knowing that this symbolizes a new mark in the development of technology, was truly impactful. Enterprise companies are entering the space. Mass adoption is coming and even faster than I personally would have imagined. Everywhere we went people were talking ‘’Blockchain, blockchain, blockchain’’, on the streets, in the subways, pretty much everywhere I went. In addition, the U.S. Supreme Court’s ruling regarding betting on sporting events was also a major topic, and the enthusiasm about it was palpable. It definitely seems there will be many new opportunities in the near future for prediction market platforms to find their rightful place in an industry ripe for disruption.

ColdLar CMO, Wendy Wang with Stox CEO Yossi Peretz

You had the opportunity to participate in the Prediction Markets Panel with leaders from Bodhi, BlitzPredict, Cindicator and Delphy. What points do you want convey from the panel?

First, as prediction market platforms, we all have the same issues: Liquidity, Regulation and Adoption. We’re all working on different aspects of these issues. From the questions we received from the crowd, it seems they do not fully understand the connection of prediction markets on the blockchain currently. This makes each of us prediction markets ‘’ambassadors’’, in a sense, to explain the intrinsic benefits of being on the blockchain. Second, we all have to work on worldwide recognition for the crowd to understand what are prediction markets on the blockchain and how they differ from traditional betting. I believe we should all join forces, with cooperative efforts like the panel, to help solve these issues together.

Blockchain Asia II during Blockchain Week NYC

How do you feel Stox fits with the general direction of the cryptocurrency industry, based on what you saw at the conference?

It was extremely clear to see that Stox is working in stride with the overall cryptocurrency community to bring the technology to the masses. Stox mission in particular is to make crypto as easy and accessible to the regular person as possible; by creating an environment where anyone can visit our platform, learn a bit more about cryptocurrency in general, while still having fun using a product they enjoy. We see this mass adoption point of view in the approach of many in the industry, and especially for those launching token generation events now versus those in the past. While the idea is simple, making the complicated aspects of trading crypto more adaptable to the general user is no easy task. For successful execution, it requires a strong connection between the Product, Marketing and UI/UX teams. Each stage of the user flow must be catered to the crypto enthusiast in addition to being simple enough for the mass market to use. At Stox, we’re working diligently to refine this balance and welcome newcomers to the cryptocurrency market while keeping the product attractive to core enthusiasts.

Pictured (left to right) BlitzPredict CEO Brett Richey; Stox CEO, Yossi Peretz, Cindicator CEO & CoFounder, Mike Brusov; Bodhi Project Lead & Founder, Xiahong Lin; and Delphy Vice President, Fox Holt; during Consensus2018 at the Prediction Markets Panel

How do you think Stox overall offering presented at Blockchain Week? What feedback did you receive on the platform, UI/UX?

I think we’re doing an excellent job and made the right decision to aim for the masses, as they are recognizing that the solutions and technology are improving. Given the difference between the tools we have today versus a year ago, I was overwhelmed at how many people already knew about Stox and were eager to cooperate with us. Those who didn’t know about Stox, once I explained what we do, were very enthusiastic to partner with us. We actually made several new partnerships during Blockchain Week NYC, many of which are coming online this month.

What impact will your experience at Consensus 2018 have on the future direction for Stox?

It strengthens our point of view that standard, traditional companies are looking into blockchain. It signals to us that we are on the correct path to innovate in the space of prediction market platforms, while strengthening our connections to our peers.

Here’s the Prediction Market Panel video. We hope to see you next year!