Stox Pre-Beta Version Scheduled for Chinese New Year Launch

Stox, the blockchain-powered predictions platform is set to launch its pre-beta version near the Chinese New Year, next month.

Stox, the blockchain-powered prediction markets platform is gearing up for its new, pre-beta version release, expected just before the upcoming Chinese New Year, mid of February.

In an official announcement, the team revealed the new updates along with insights into their development processes and strategies.

With the new pre-beta version, users will be able to use real STX tokens on the platform, and will get access to smart contract wallets. The utility of real STX tokens has been in the works for a while now, and with the next update, the migration will be completed.

Essentially, when anyone uses real STX tokens to predict outcomes, they will be rewarded for all correct predictions in the ratio of their original stake. All these deposits and rewards, will be handled via smart contracts ensuring secure transactions.

Here’s a video showing how the pre-beta version will work:

Shedding light on their development strategy, the team revealed that they follow a lean and agile approach, focused on quick launches which are then fine-tuned with community feedback and further testing. They also place a lot of importance on the user interface and experience, putting convenience and ease-of-use at the forefront.

“As Blockchain technology is still in its early stages, technology is in progress rapidly, and in some of the premature areas, we prefer not to ‘’reinvent the wheel’’. Rather, we use ‘’existing wheels’’ to approach our integrations,” read the official post.

 Stox has seen positive growth since its successful ICO last year, and the STX token also crossed the $1 mark this month before dropping following the Bitcoin correction. At the time of writing, STX is trading around $0.88, up over 4% in the last 24 hours. You can currently purchase STX tokens on HitBTC, Liqui, Kucoin and EtherDelta, among other exchanges.