The #AskStox hashtag is still being used by the Telegram community and we’re checking new questions and will answer them as they come up, either in the group or in blogs as we’ve done throughout the week.

We saved the topic closest to our hearts (and our agenda) for today. So here goes…

Product

As we keep saying, our business is to develop the best prediction platform in the world and this is what most of the team is focused on each and every day.

What are you working on?

Firstly we are recruiting new members to the Stox team, including top developers and other positions.

Our developers are continually focused on platform development. This includes working on the smart contracts for predictions, establishing the flow for the decentralized product and the Stox wallet.

Right now we are working on getting more predictions onto the Alpha. This involves some product and development as unlike the existing predictions we are opening these ones up to the Stox community for suggestions. At this stage we will add the predictions ourselves, in future it will be possible for users to upload predictions independently.

We are updating the roadmap to include more details and will release it next week.

We are yet to publish a bugfix log and update the github repository. We will do this when we have something substantial to publish.

Will the ability to buy Stox with fiat be available in the Beta?

The process needs to be legal as well as straightforward, one option is to do this through Bancor another is integration with exchanges, this is yet to be decided.

In terms of the timeline, we are not yet at the point where we can commit to a date, however our we are working towards having this during the Beta.

Will the Beta be a decentralized version of the Alpha?

Some sections of the platform will be decentralized, although not all. We aim to produce a product with real traction, some elements will be integrated during the platform’s lifetime. The platform is still in the very early stages of development.

Are Stox physical betting machines in your plans?

No.

How will you deal of the complexity of predictions like the Trump one on the Alpha? e.g. how do you define a declaration of war?

Different categories of predictions present unique challenges. The Alpha is a great opportunity to get a deeper insight into the challenges and get the predictions right before releasing the real platform.

There are details about the predictions in the whitepaper (pages 18, 23). Every event will have a well defined and agreed upon resolution point. Each prediction will be assigned an Oracle who will declare the official outcome of the event at the point of resolution.

Why not let everyone test out the Alpha?

The Alpha is now open to everyone and will continue to be. We expect to get more users once we launch our campaign to invite suggestions for predictions and are prepared for large numbers of registrations and feedback.

When will the token be usable for predictions?

When the legal side of things are complete and the Beta platform is ready.

Compared to existing gambling platforms without tokens, how will you convince people to choose Stox?

Operators will be incentivized to use the Stox platform and bring their customers to it, you can read more about this in the whitepaper (pages 21, 25). In addition, we will create an extremely competitive product and will have an active marketing strategy.

Legal

Will a copy of the lawyer’s written finding on holding STX to SEC vs Howey be released?

We cannot share the legal document, however this is the executive summary we received from our lawyers.

“We have reviewed the STX tokens and based on the following analysis, including applying the Howey test, we do not believe the tokens are a “security” as defined in the Securities Act. However, this is an emerging area and the Securities and Exchange Commission (“SEC”) has recently put the ICO market on notice that certain tokens sold via ICOs may be securities. Although we believe we have compelling arguments in Company’s favor, there is still some risk that the SEC or a court might disagree”.

Miscellaneous

What accomplishments are you most proud of since the ICO?

We greatly appreciate that our community is constantly growing, is active and invested in the future of Stox.

We are also really happy with the team we are recruiting and remind you that if you have experience in blockchain technology, smart wallets or prediction platforms we invite you to send us your CV to jobs@stox.com.

The early stage product has received positive responses and lots of valuable feedback and we are proud of it.

Regulation and legal progress, including expected licenses are also good news for us.

Is there anything you would have done better post ICO if you had a time machine?

We would have released a more decentralized platform in the Alpha and would have communicated more frequently with the community, as we are doing now :)

Tokens

Did anyone get tokens that they didn’t pay for with money or crypto?

Yes. Tokens were used as Bounty awards, some were used to pay suppliers and some were given in vested periods for the team and advisors.

With regards to your questions about vested tokens, we will get back to you with firm answers in a day or two*. It will take us time and we want to make sure you get accurate information.

*This will be on Monday 2 October.

And that’s it for today, if you still have unanswered questions please remember to use #AskStox.