Stox

Company Overview

Snapshot

Founded in May 2015 by Ophir Gertner and Moshe Hogeg, Stox operated with 1–10 employees. The company ceased operations in March 2023.

Business overview

Stox developed an open-source, Ethereum-based market prediction platform. Leveraging the wisdom of the crowd, the platform enabled users to trade on the outcomes of events across various categories, including finance, sports, politics, and weather. Stox operated within the Fintech & Insurtech sector, specifically focusing on trading and investing, and served markets related to financial services and consumers, including private investors and virtual currencies.

Strategic signal

In March 2023, Stox ceased operations, indicating a complete shutdown of the company. This event signals a critical failure in its business model or market viability, suggesting that its blockchain-based prediction platform was unable to achieve sustainable growth or overcome operational challenges.

Company Intelligence Q&A

What was the most significant recent operational update for Stox?

Stox ceased to operate in March 2023, marking a complete shutdown of the company's activities.

What legal challenges did Stox and its co-founder face in 2019?

In May 2019, a Chinese citizen withdrew a fraud lawsuit against Stox and co-founder Moshe Hogeg following a mediation process, where Hogeg agreed to pay $50,000 for trial costs. The lawsuit, filed in January 2019, alleged that Hogeg misused funds from Stox's ICO for personal gain. Separately, in March 2019, Moshe Hogeg faced another lawsuit alleging misappropriation of funds from the $35 million Stox ICO.

Did Stox engage in any strategic partnerships?

In March 2018, Stox partnered with Zap.org to integrate real-world data into its prediction market platform, utilizing Zap oracles to enhance decentralization and data integrity for smart contracts. Additionally, in February 2018, Stox announced a partnership with FintruX to launch an ICO prediction feature on its platform, aiming to predict the success rates of new ICOs.

When was Stox founded and by whom?

Stox was founded in May 2015 by Ophir Gertner and Moshe Hogeg.

What was Stox's core technology and market focus?

Stox developed an open-source, Ethereum-based market prediction platform that allowed users to trade on event outcomes across finance, sports, and politics, leveraging blockchain technology and the wisdom of the crowd.