#AskStox5

Today’s #AskStox was divided into categories from Stox Community members who submitted queries via our Telegram group.

Price & Exchanges

There are more than 250 coins on bittrex and most of them are not as good as Stox, so why we couldn’t be listed on bittrex? We are in discussions with certain exchanges including Bittrex. These things take time, and that is all we can say at this time.

Stox is already listed on HKSY and CEX Exchanges. Why I can’t see it on Stox markets on Coinmarketcap? Those two exchanges are not listed on Coinmarketcap, and there are many more which are not. STX is listed on Coinmarketcap. You can find it here.

When will stx be listed on Quoinex? Quoinex is what we really want. Quoinex requires JFSA regulation. Only once that is acquired would Quoinex be possible.

Are you guys making any moves regarding new exchanges? I introduced Stox in some big chat groups in my country but most of people trade on bittrex. I think getting listed on bittrex or poloniex would be a huge step. Yes. When one approaches exchanges, one should not disclose the status until issues are updated to a final status update from the exchange in question. Unnecessary commentary causes speculation, which exchanges generally do not like; and can actually jeopardize the possibility of being listed.

Why are you using Bancor? We have an entire post on Bancor here.

Is there any incentive as of now for the 3 million users of invest.com to buy and hold Stox until launch? Wouldn’t it be better to create some incentives right now since the price is cheap? First, we need the type of product that generally non-crypto users can use easily and comfortably, since that’s the majority of the userbase at invest.com, in order for that to work.

Our goal is not for people to buy STX per se, but to have a top quality product. Therefore, we are focused currently on product. You can read more on the Roadmap — see Q2 2018.

Can the team explain why they changed their minds? (BTW for those interested in the different versions of the Whitepaper: The version WITH FULL VESTING was seen as early as July 14. This whitepaper mentioned a 5% reserve in the Bancor converter. Another version WITH FULL VESTING was published on July 24. This whitepaper now mentioned a 4% reserve in the Bancor converter. The version WITH LIMITED VESTING was published July 28. Mayweather advertised on Instagram/Twitter on July 27 ICO started on Aug 2) The version for the ICO was the same and did not change. Since the ICO we never edited nor touched it. There was a bug, however, on the android mobile version, that had an older draft. We have explained this at length and the issue was fixed ASAP when it was brought to our attention.

Will the team come to China to hold some kind of conference? If yes, when and where? We will be at the iFX Expo in Hong Kong, January 23–25, 2018. Information about conferences and exhibitions is visible on our homepage under ‘Upcoming Events’.

How many people really work on Stox? As of time of print, 25, including dedicated freelancers.

Does the team work just on Stox? Yes. Which members are working 100% full time team on Stox? See last question, and with the exception of our Legal Counsel, everyone on staff works 100% of their time on Stox. We are still recruiting additional team members.

Did Stox team successfully recruit more blockchain technicians? Does the team only have one full time blockchain developer? https://www.stox.com/team/

General Suggestions

Is there Stox group chat of kakao? Not currently.

Can you please add notification by email or in the future if there is an app platform, when a prediction on which I placed a bet is finished?Noted — we’ll take this suggestion into consideration.

If it’s technically possible, I suggest the vesting strategy should be written in smart contracts. Noted — we’ll take this suggestion into consideration.

Can we get Stox updates on the medium weekly or daily digest? We post our updates monthly. Weekly, and most certainly, daily digests, would slow our entire team down to where very little real work would be accomplished.

Is it possible to make a page on stox.com where newcomers can get an overview about the last Medium posts? We are thinking about doing a blogroll type of page, but then again, one can just as simply follow our Medium channel and manage their own notification preferences for each post.

Can there be a way to see open positions at stox direct on the website? Can you create a career page on Stox.com? We may do so in the future. The suggestion has been passed to HR.

Technical questions

Has Stox lodged an application with JFSA? When there is progress we will announce it to the Community.

Will it possible for simple consumer to buy STX using a credit card (Visa/Mastercard) on Stox.com site? That is part of our intention by integrating with PSPs.

Can we please get an answer on the possibility / feasibility of suggestion of feature whereby the tokens can be leased to operators to cover large down lay (10% ?) needed for a prediction event. How does this fit in with your economics / vision / regulatory compliance etc? We are not ‘trading’ or managing the token itself. We are managing the product that allows you to use to the token. Our intention is for operators to actively participate in the creation and management of predictions. If they want to incentivise people, or offer bounties like we do, that would be up to them. An operator would need to purchase a large amount of STX to offer as prizes, but ultimately that decision would be up to the operator; but ‘leasing’ them would not be relevant.

Are you going to develop and promote iOS/Android standalone app in future? If so, when? Yes, please see the Roadmap.

When will you publish new code on GitHub? We have published on Github and there are some changes already from the original upload. We are preparing another batch of code currently to upload, it should be published in the next few weeks.

Will there be a tab where I can see my predictions and what the outcome was on that specific prediction? At the moment it’s only available to see the prediction outcome after a prediction is finished. Yes.

General questions

Did the team get a gambling license in UK? Can you please explain more about the details of the licence? As part of the process of acquiring Commologic we are currently contacting and discussing with the UK regulator (UKGC) to give their approval on reassignment/new use of the licences. Commologic holds a UK gambling provider and remote betting operator licences.

With regards to actual trading next year, I saw that we have acquired a few licences to trade across, for example the UK where I’m from. Will Stox need a licence in every country? And is the company officially based in Israel? With the acquisition of Commologic, we are looking to use both UK licences to operate in the UK as well as the Malta licences that will allow us to operate in a variety of countries in Europe and other parts of the world. We aren’t certain at this time exactly what additional licences will be required, and at what stage. The Company is officially based in Gibraltar. R&D is based in Israel.

Why will Stox be better than using bitcoin in a prediction market? Please review the White Paper as this refers to financial theory that can be found there. It’s a closed economy, which is one of the primary benefits.

Can I write content in Chinese in my blog for the bounty campaign? Yes. For more information on the Bounty Program, click here.

Will it be possible to use the real Stox token with the winning / losing prediction of the World Cup 2018? Definitely.

Is the platform going to be ready before the FIFA world cup in Russia 2018? Same question and answer as above.

When will new bounty end? The Bounty Program is scheduled to run through next year.

When will Stox Cup end, can you please write more specific rules about it? We updated the Rules page: https://app.stox.com/rules

Is Stox Cup going to run on smart contracts? The Stox Cup is a tournament; the predictions themselves will run on smart contracts.

Could you do a video tour of the office and stox team members in a video? On Stox Bitcointalk page the recent video is getting praised. We’ll think about it. Some of our Employees prefer to maintain their privacy, and that must also be respected. Our YouTube channel has all our videos.

Will there be a history of win/lose predictions on the website? Yes.

From where will you take tokens for sale if demand increases? This is one of the reasons we implemented Bancor (see Bancor AMA). That’s part of the liquidity formula for when tokens are created.

Can we get a full disclosure of who got tokens before ICO? Run down on pre ico info would also be appreciated. No one received tokens before the ICO. Everything else is visible on the blockchain: 0x40349a89114bb34d4e82e5bf9ae6b2ac3c78b00a

Thanks for submitting your questions in our Telegram channel to #AskStox. We look forward to our next session!