Stox ICO to Comment on Exit Scam Rumours

Team was able to raise $33M last year and is developing prediction market
12 November 2018   388

The Stox cryptocurrency project, which collected $ 33 million at the ICO last August and is engaged in developing the blockchain prediction market, commented on the information on strange transactions with tokens in its smart contract and breaking relationships with a number of partners that was recently distributed on the web. This anonymous source re-published a message that was published and already answered

more than a year ago (26.9.2017). This source copied the message and shouted “Exit scam” without having any cause whatsoever.

We would like to stress that Stox will bring legal proceedings against anyone who defames Stox with unfounded allegations.

Stox Team

Message about Stox
Message about Stox

The developers explain that the tokens revocation function is used to cancel the tokens allocated for partners, and their subsequent redistribution in accordance with the new conditions and principles laid down in white paper.

They also admit that they broke off relations with the Israeli company Commologic, when they decided to transfer their operations to Europe, and Amazix, “because they could not reach an agreement on commercial terms,” but are currently negotiating to resume contacts with the latter.

Regarding the sale of a large amount of tokens by Stox consultant Moshe Hogeg, the project writes: “These are private transactions conducted by Moshe Hogeg on the secondary markets. These transactions are not related to his involvement in the company at all and were concluded independently.”

Although, obviously, it is too early to include Stox in the exit scam list, which was recently supplemented by Oyster Protocol and Pure Bit, this does not cancel the fact that since the ICO, its token has dropped by more than 97%, and the list itself can only continue to grow in the near future.

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   28

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.