Our AMA session #10

This month’s AMA for the AskStox#10 session have come from our newest Community members. All of the questions are regarding use of our Platform, with many questions about opening wallets, issues with the Leaderboard and how to reach it.

For our Crypto Enthusiasts, we thank you in advance for being patient. Our next AMA session will focus on more technical questions (provided you ask them).

Q1. How can I increase my Leaderboard ranking? How do I rank really high on the Leaderboard? I entered in the middle of the tournament, and feel like I have no chance to even rank.

A1. YOU DO HAVE A CHANCE! First, while the top ranked players with extremely high Brain Power points may look intimidating, DO NOT WORRY. There are up to 150 places on the Leaderboard to win real STX. So even if you’re not first, at least you will gain some real STX because of the high amount of places on our Leaderboard. Also by predicting often, and regularly, the minute you have STX to predict on new predictions. Waiting until predictions go stale can actually in some ways hurt your chances, as the Leaderboard is governed by those who have many active predictions in their profile. Further, you can BOOST your predictions. If you see that your prediction is not performing well against the wisdom of the crowd, you can BOOST your prediction and check your potential profit to BOOST it. USE The potential profit calculator — it is a tool that is placed on every prediction for your benefit to play with it and see just how high your profit can go. Last, by adding STX. Let us explain why: It’s risk free, and they are returned every month. In addition, this increases your odds because you have more STX to place on predictions. So as you have MORE STX to place on predictions, you can easily rise in the ranks with higher chances because you have more STX to place, increasing your chances to possibly win.

Q2. I am not a HODLer. I never bought any STX so far. How can I get more STX?

A2. Easily, by using Changelly. You can easily trade FIAT and even other coins, BTC or ETH to STX over Changelly in mere minutes.

Deposit button for Changelly

Q3. In Sponsored Predictions, it seems like you allow users to win real STX and other real tokens. What do I earn from these sponsored predictions? What do they give me?

A3. In the case you win, you WILL receive not only Brain Power but also real STX tokens for predicting correctly. If you predict incorrectly, any STX you staked on the prediction will be returned to you once the prediction has been released. In the case that you win, real STX tokens — AND in most cases, tokens from the sponsor are included as well. Those tokens are paid out AFTER the end of the sponsorship, for instance, after an ICO when the sponsor or partners new tokens have been generated.

View of the All Markets Section with several real token predictions

Q4. How do I DEPOSIT? I watched the video, I’ve spoken with Support, and I’m sorry, but I’m a crypto newbie and I still do not understand how to do it. Can you please walk me through it?

A4. Yes. Depositing is intended to be a simplified process compared to the cryptocurrency market in general, yet, it still can be intimidating to some. So no problem — here is how you deposit from your personal ETH wallet to your STX wallet. There are TWO pathways, those who want to BUY STX, and those who already HAVE STX tokens. First you need to create a personal ETH wallet. We recommend using MEW — MyEtherWallet or JAXX to do this. Visit their sites and our Academy page to learn how to set up their wallets (should you require a step-by-step guide). You need to buy STX on an exchange. We recommend buying from HitBTC, KuCoin, Quoine, Liqui, Bancor, Changelly, CEX and gate.io. Now that you have STX tokens you need to login to the Stox platform and create your STX wallet* Click the Account or Deposit Button. You will be directed to create your STX wallet. Copy your personal ETH wallet address from one of the wallet service providers listed above (or one you prefer) and click ENTER. Now your STX smart contract wallet has been created.

You’ve successfully created your wallet and transferred STX

Now that you have a wallet, you can ADD STX tokens via DEPOSIT. To Deposit funds to your account from an Exchange, here is how to do that via your private exchange wallet: Go to your MEW or JAXX address and choose Send Ether & Tokens Enter your STX smart contract wallet in the To Address Enter the Amount of STX you want to send in Amount to Send Select your gas limit (we recommend using the automatic — do not change it — the wallet site will recommend to you exactly the amount of gas recommended automatically). Send the STX tokens now by clicking ‘’Generate Transaction’’ Your STX will show in your STX smart contract wallet

Q5. You have previously communicated that STX supply is capped at 58 million, or 59.2 million including the Bancor supply. Could you please confirm that these numbers are correct and that STX total supply is fixed and will not change in the future? My understanding is that supply is indeed fixed.

A5. The initial supply post ICO was 59,200,000 STX. STX is listed as a Smart token on Bancor’s liquidity network which allows a token to have an adaptive supply based on demand in the market and a more stable price. The total amount of STX in circulation can vary dynamically, as the market maker creates or removes STX according to the pre-configured 2% weight ratio (of total initial STX supply). When using using the Bancor liquidity network (only and not other exchanges). The price and supply of a smart token increases whenever the token is purchased, and decreases whenever it’s sold , and in both cases relative to the transaction size (meaning bigger increases or decreases for larger transactions in either direction), in order to maintain an exact 2% weight ratio. Bancor is an additional means of exchanging crypto . We believe that having STX listed on bancor facilitates STX usage and exchange. Plus, we are currently working with bancor on the best technical solution in order for the community to continue to benefit from the advantages of Bancor on one hand while ‘Hard coding’ the total supply of STX on the other. We will update on progress once we determine the best solution.

Thank you so much for reviewing our AskStox questions! Don’t forget to join us on Telegram from 1–2pm UTC for our live follow up session on the material.