Signals is integrating with other successful blockchain projects to create a state-of-the-art trading platform for the crypto community. Previously, we debuted our partnership with iExec, who will help us empower cryptotraders with their cloud based computing platform. Now we are proud and excited to introduce another crucial partner in building the best algorithmic crypto trading platform, STOX blockchain prediction markets platform.

STOX is an open source platform for prediction markets, where people can trade the outcome of almost any imaginable event — sports, celebrity, election results and most importantly finance, including cryptocurrencies.

Some of the popular predictions include on the STOX platform include questions such as, “Will Bitcoin fork during the next two months?’’, “Will Ethereum reach $1,500 during the next two weeks or it will go below $600?’’ and “Will an ICO reach their hardcap in the first hour of their token sale or will they fail to collect enough?’’.

The STOX platform sees over 400 predictions made daily and has over 3,000 daily users. Prediction markets enable users to monetize their unique knowledge by buying and selling shares in the outcome of an event. If they predict the outcome correctly, they earn a profit; otherwise, they lose. Currently, the STOX platform runs in on a risk-free model, meaning that users can place their predictions and make gains, but should they place an incorrect prediction, they only lose points and not monetary value. This mechanism is an incentive for users to only participate in markets into which they possess unique insights. The current price of an event outcome encapsulates and harnesses the ‘wisdom of the crowd’ into a single number which could be interpreted as the probability of a particular event outcome. This crowd opinion could be then used as a new source of information in computational trading models.

Integrating STOX into the Signals platform in the form of crowd wisdom indicators will enable traders to assemble trading models combining machine learning techniques together with crowd sourced opinions. This hybrid intelligence approach increases the relevance of Buy or Sell signals generated by trading algorithms and will give users an edge beyond other traders.

To learn more about STOX, join their Telegram group for all the latest updates