Stoxum
About Stoxum
The events of 2017 around the boom of cryptocurrency projects demonstrated the need to create effective tools for working with a new type of financial transactions that occur through the use of technologies blockchain. Such service as the exchange of cryptocurrency, no doubt has densely entered into the lives of all investors and traders against the backdrop of the exponential growth of bitcoin and the market of altcoins. At the end of 2017 the general market of cryptocurrency, which does not include indicators of major Asian sites, has come close to the US$ 1 trillion. Such an instrument of attracting financing as the ICO is also an object of interest to all start-up projects, as it enables to raise funds, bypassing the need to sell the company’s share to one individual or investor. As a result it leads the company to the need to place its own tokens on the exchange with high liquidity.The example of the Binance company shows that in a short period you can achieve excellent results and become the leader of the sector, through competent marketing and technically quality product.
Features
Each owner of the token gets access to statistics on all financial transactions online, and also receives additional rights and opportunities in the platform ecosystem.
The product will have open source code, which will allow the community to contribute to the development of the platform. The master node will be distributed among exclusive users to adhere to a decentralized approach. Exclusive rights to technical solutions and their implementation remain with the initial developers.
The service has absorbed all the positive features of centralized and decentralized sites and combined them into one product. For developers, a detailed HTTP and WebSocket API will be available for writing trading mechanisms, for ordinary users - customizable bots will be available directly from the box in your personal account.
The main advantage of the STM token is the dividend system, which will be 100% of the profit of the platform and its entire ecosystem, which includes sites created with the help of the Whitelabel solution.
Technical Info
Based on Ripple token.
Stoxum Roadmap
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April-July 2018
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Holding an ICO
Marketing work to attract investors
Preliminary arrangements with exchanges to place tokens
Internal ALPHA-test platform among the commands -
August 2018
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Launching a closed platform BETA test among the tokens holders
Start placing the tokens on the exchanges -
September 2018
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Running the BETA version of the platform
The Token is traded on 3+ exchanges
Placement on CoinMarketCap -
October 2018
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Publishing an open source client code
Running a White Label Solution
Commissioning of the master node and the decentralization mechanism -
December 2018
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Running trading bots on the platform
Start voting for adding coins -
January 2019
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The Token is traded on 10+ exchanges
Stoxum Interviews
I personally believe that with proper guidance and execution, the idea can be refined and shaped to a great product with superb potential.
I have tremendous confidence in the Stoxum team and the idea behind the project. I believe Stoxum will make a massive impact in the blockchain scene, and its only time where the bridges of centralized and decentralized exchanges can come forth, with Stoxum.
Stoxum Reviews
STOXUM
Stoxum is the world’s first exchange platform for cryptocurrencies. In the platform, each holder of the STM token is a co-owner and can depend on the income from the exchange’s profit. Such revenue is proportional to the tokens available for emissions which finally decreases increasing the value of the token. All the financial indicators of the ecosystem are entirely open.
PROS
- It features a White Label that provides a finished product which does not require extra investment to build infrastructure, carry out research or technical work.
- Both the project code and documentation will be published in an open access site and as such anybody who is interested in the same can not only inspect the technical aspect but also recommend changes.
- In addition to a constant profit, a token holder has access to the complete reporting of the project online, the ability to influence voting when new tokens are introduced to the market and much more.
- Each trader on the platform has access to clear and accessible interface, free and secure registration, internal currency purses and ability to make financial transactions between the purses of platforms that support their preferred currencies.
- After a registered user recharges the platform for a certain amount, a common chat message is provided in addition to a system of “karma” which allows users to take part in content moderation.
- The platform utilizes the latest global marketing tools and all the promotion channels in addition to a clear structured step-by-step strategy that specifies each stages of product introduction to the market thus increasing the level of brand recognition and enhancing its mage.
- The Whitepaper; besides being clear and to the point, the whitepaper uses elaborate examples and illustrations that further expound on the explanations.
CONS
- While the whitepaper categorically states that token holders are entitled to bonuses and privileges, it does not give the exact amount or even the percentage.
- There is no mention of team members both on the website and on the whitepaper.
- Restricting the creation of a common chat message to those who have charged the system to a certain level may deter potential users from joining the platform.
SUGGESTIONS
- Come up with a precise figure (or even percentage) on the amount of bonus a user gets for trading and/ withdrawing the currency.
- If there are team members, their names and brief description of their accomplishments should be included both in the white paper and in the website.
- The common chat message service (say for a certain trial period) should be availed to users to entice them into joining the platform.
NOTE
Investing in a system that generates income on a regular basis is everyone’s dream. I would also like to put my money in a system that allows me to convert it to a fiat currency of my choice, cryptocurrencies or even transfer to other people within the ecosystem. For these reasons, I will invest in Stoxum.
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- This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
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