With all the hype about Cryptocurrencies, it’s hard to say what’s good, whats tangible, or not. But today Floyd Mayweather Jr has taken to Social Media about how stox.com is a good investment and he’s “gonna make a $hit t$n of money” on the ICO August 2nd.
I’m gonna make a $hit t$n of money on August 26th.
I’m gonna make a $hit t$n of money on August…
Stox.com, seemingly a Cryprus based company, who’s parent company is Invest.com, which is owned by GS Sharestocks Ltd., a company which was just seeking funding in February of 2016, is a striving towards being the next level in Crypto-Tech; An open sourced, Bancor based “prediction Market Platform” which is claiming to provide an “unparalleled peer-to-peer trading experience” through what they’re calling the “wisdom of the crowd”. According to their description on their website, it seems as though their model is built off of collective opinions grouped together to determine the potential outcome of what seems to be…. Almost anything? Stox will allow users to predict and trade the outcome of things such as: Finance, sports, politics and even the weather.
The idea seems rather exciting, although not revolutionary. The concept seems awfully familiar to the CopyTrader, or collective analysis tools that many Fiat trading brokerages already provide. The only significant difference here is that Stox seems to be focusing on “the crowd”, which seems like users manual inputs, whereas the Fiat brokerage method focused on trade volume and open positions weighted towards a specific direction. It will definitely be an interesting company to watch over the next few years…
Floyd Mayweather’s involvement might have shaken things up a little bit. Although the Cyptocurrency communities are probably excited that he’s jumped on the bandwagon, he’s one of the most popular people in the world right now with his soon to be historical fight against Conor McGregor on August 26th. This fight is the first of its kind, and will even be shown in movie theatres. Floyds public announcement that he’s making an investment in Stox and “gonna make a $hit t$n of money”, could be seen as rather controversial, since there’s no reason why many of his 13 million Facebook fans, or his 7.3 million twitter followers wouldn’t want to hop on the Floyd Cryptomoney Mayweather train.
We’ll leave it up to you, to decide whether it was Floyd nobly suggesting that this is a great company for the future of global currencies, or whether it was just a publicity stunt.