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Stox (ticker STX) is a cryptocurrency token built for prediction markets — platforms where people bet on the outcome of real-world events, from elections to sports scores. The idea is simple: users buy and sell positions on whether something will happen, and the STX token powers that activity. It's an Ethereum-based token, so it lives on the most established smart contract network rather than on its own blockchain.
Unlike Bitcoin, which is primarily a store of value and payment network, Stox is a utility token for a prediction market platform — its whole purpose is letting users back their opinions on future events. STX runs as a token on Ethereum (smart contract 0x006bea43baa3f7a6f765f14f10a1a1b08334ef45), not on its own independent blockchain. So while Bitcoin is money, Stox is more like fuel for a specific app.
Stox operates as a smart contract on Ethereum, which handles all the logic automatically: when you place a prediction, the contract locks your tokens, and when the event resolves, it pays out winners without a middleman. Ethereum's proof-of-stake network provides the security and consensus layer. Everything is transparent and verifiable on-chain, since the contract address is public.
STX was launched through a token sale, with the supply defined in the smart contract from the start — like most Ethereum-based tokens, it can't be arbitrarily printed. The fixed contract governs how many tokens exist and how they move between wallets. For current circulating supply figures, check the live market data rather than static articles, since those numbers change.
Since STX is an Ethereum-standard token, any wallet that supports Ethereum works — MetaMask, Trust Wallet, hardware wallets like Ledger, and so on. You use it on the official platform at stox.com to place predictions on upcoming events. Always double-check the contract address (0x006bea43baa3f7a6f765f14f10a1a1b08334ef45) before sending tokens anywhere, because fake copies of popular tokens are a common scam.