Stox’s ICO raises $33 million in 34 hours

Stox’s ICO has successfully raised $33 million in 34 hours last week, making the ICO the seventh biggest of 2017. The token sale for the cryptocurrency STX ended over night on Thursday after participants contributed roughly 148,000 ETH.

Last month, Bancor announced that the Group will use the Bancor protocol to launch Stox, a prediction market platform.

America boxing champion Floyd Mayweather was recently announced promoting Stox on Instagram, which surely helped toward boosting its marketing profile.

According to the Stox whitepaper:

Prediction markets are a disruptive economic instrument that has yet to penetrate mass investor audiences due to excessive regulation and the fragility of existing centralized implementations. The maturity of blockchain technology is poised to change that as decentralized implementations for scalable prediction markets are within reach.

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