Stox AMA #4

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

Price & Exchanges

Did Stox apply for Binance 3rd monthly community voting?

A. No, we did not. All the relevant info on Binance has been explained (in detail). We applied to the second contest, yet Binance didn’t accept us due to our participation in the first contest. Binance response was the second contest was to add new companies only.

2. What made you guys choose Liqui when you guys started?

A. We didn’t. They chose us. Further to this question — as it is repeated extremely often in varying forms —and the Community may not be aware — but exchanges may add what they want, when they want, how they want, without any notice, information or request. When this occurs, our policy is:

to review the exchange, then

review the cryptocurrency community’s opinion on the exchange, then

decide whether or not we want to promote the listing.

In some extreme cases, we will request to be removed if the exchange does not meet certain criteria.

3. Are there any updates about paid listing Bittrex/crowdfund?

A. This was discussed in our official response here.

4. Can we get a full Medium/Facebook/Twitter post about this new exchange in HK?

A. As policy we post announcements when they are officially recognised on both sides and we extend our counterparts the courtesy to release information in conjunction with us.

It seems many in the Community may not be aware that exchanges in certain markets will list a coin by their own volition (as discussed at length in Answer #2). We cannot control such things, (no one can) which is why we comment on listings where both parties have formally partnered.

5. Will the team complete the purchase today?

A. This is not relevant as the purchase has already been completed and this was done on a daily basis during the specified time frame.

6. Will the Stox team take any of the advice of the community discussed in Telegram next week when they meet with Bancor: pump price back to $1 by buying more STX coins with $ that would have been used for CRR involving ICO price?

A. This is not relevant as the purchase has already been completed and this was done on a daily basis during the specified time frame.

7. The announcement regarding the vested tokens mentions that 22.5% of the tokens need to be vested. This is referring to the 12.5% invest.com 12 month uniform vesting schedule plus the 10% Stox team uniform 24-month vesting schedule tokens, as described in the whitepaper?

A. We have an official post on this issue.

8. Stox team, can you guys please get in touch with Binance if you haven’t already? just initiate conversation to show some interest?

A. See Answers #1, #2 and in addition, Niv Abramovich, our CMO, addressed this on Telegram on October 30th, 2017, after we weren’t eligible for the second round of the contest:

9. Can you please provide an example of how much buy volume in USD or BTC is required to move STX token price by 10 cents?

A. We can’t answer this question — it’s a free market and demand drives the price. Yossi Peretz, our COO, referred to this on Medium with a specific example for Bancor. However, this is not to be taken as a formula rule, as it is impossible, given the basic way the market functions.

10. Do you have any update on adding to Quoinex? Or any exchange in the top 10 on CMC?

A. See Answer #2.

11. Why didn’t Stox respect the engagements they took in the whitepaper and activate the Bancor smart token features at the token sale price of 1 ETH for 200 STX?

A. The AMA on Bancor answers this question.

Mayweather

12. Were Mayweather and Suarez paid in Fiat or STX?

A. We addressed this in AMA #2.

Updates

13. Can you share with us progress of the beta platform for Stox?

A. Our roadmap indicates our progress. We’ll also start publishing on GitHub soon where you can track the code independently. We plan to publish in the next week.

14. With the wallet integration on Stox Alpha it will be possible to store value on it. For our security: Is 2FA for login or/and a password recovery system planned?

A. It’s too early to provide an official answer but this is a highly important aspect from our side for security; yet it will be more relevant outside of the current DEMO environment.

15. Will there be a market to “lend” STX tokens to operators who need them to create events?

A. It’s too early to answer this but the Team has this on our radar.

16. Won’t everyone only want to place their bets at the last possible minute so their STX amount tied up for too long? I wonder how that will work out?

A. This is important, but remember, the functionality has little to no impact in DEMO as we are currently.

17. Why were the supposedly vested tokens sent back to the contract address if we all know the contract is not working? Why were only 22.37% returned to the contract?

A. See Answer #8

Miscellaneous

18. Can we please have a view of the STX purchased by Stox and how much of those are being spent on things like Bounty Program? If it is not being spent very quickly, maybe the rewards can be increased?

A. The current Bounty Program is scheduled to last one year and the budget is set at 200K STX. We heard the demands to increase the bounty rewards, but judging by the avid response thus far, they are a) set at a reasonable value and b) none of the actual bounty hunters who have participated have listed this as a concern. Certain members of the Telegram group have been the only source of dissatisfaction with the bounty rewards. We are happy to note that new/additional bounties will launch in the coming month(s), including suggestions for new predictions, inviting friends and more.

19. Can you add “Instagram” as part of the Bounty Promotion?

A. At a later stage, we’ll have several more social media channels, but for this bounty, we chose the ones with the most impact for us at this moment. In addition, given the consolidation of several social media platforms, we can re-target later on connected platforms like Instagram that we are not currently using. Also, we are considering adding certain local, popular platforms in certain regions.

20. Is there a chance that Stox will have a special area for business predictions in which companies pay for set events chosen by them?

A. Yes, this is in our B2B plan.

Thank you all for submitting your queries to us. We plan to host an #AskStox monthly, and invite you to continue to provide your questions and feedback.

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