Stox nabs $30m in ICO which lasts two days

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fintech insurtech wealthtech regtech ai cybertech esg news

Financial data provider has raised $30m in its ICO after just two days raising and makes it the ninth biggest ICO to date.

The company hit its hard cap of 148,000 ETH, which at the current price of Ethereum, according to coindesk, is worth around $38m. The ICO saw the sale of its Stox Tokens, with 1 ETH buying 200 STX.

Stox is a Bancor-based market prediction platform, allowing users to predict and trade on outcomes in finance, sports, politics and the weather, among others. The company’s platform allows users to create markets and categories, create predictions, trade with peers and use STX tokens to make prediction trades.

Stox’s last investment was the $8m SerIes A it picked up in 2015, bringing total funding into the company to around $38m.

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