STOX (ICO) Floyd Mayweather Promoted an ICO on Instagram

Let me begin by saying that despite my ongoing criticism, i appreciate Bancor's protocol for enabling speculative tokens exchange.
I don't think Bancor is a scam or a worthless investment
However, i think that investors have the right to be informed about projects they are about to invest so i took the time to collect that information.
Techcrunch and other articles that mention invest.com as some veteran company raking in gazzilions of dollars and Stox as a fresh, exciting company (Yay journalism propagating press releases) are slightly inaccurate. for both of these cases.
Invest.com is a domain that was bought specifically for Stox for a hefty sum of $5M (Yep. not making this up). Stox was once called Stox, then renamed itself to Getstocks (45K monthly visitors) and now set up a "new" company called Stox.
In essence, they were a "regular" investment platform that raised $20M (technically Invest.com raised the amount, but Invest.com is basically Stox) from investors (and dealt with fiat, so no need for that new token, obviously) for a social forex investing platform not unlike Etoro, before their current "prediction market" route they've taken. they got into financial problems and had to fire employees because of it and if their annual volume couldn't sustain 30 employees, forget about the $50M in profits. from what i gather, they had around a couple of millions in volume.
As for Invest.com. Don't confuse Investing.com and Invest.com. both are Israeli platforms but with a slight difference:
Investing.com has 66M visitors a month, for an average of 10 minutes a visit and 50% bounce rate. it is an established trading news platform and a very popular one at that. if it was investing.com which issued the ICO, i'd be all over it.
Invest.com has 400K visitors a month, for an average of 48 seconds a visit and a 82% bounce rate. there is no way this is an active platform with the volumes they suggest they have. no fricking way. the numbers simply doesn't add up.
So where do those magical numbers come from? Invest.com bought a binary options company called AnyOption.com and retained their databases.
Binary options were having a hard time in Israel because many realized they were basically gambling platforms rather than trading ones, despite marketing themselves as the latter. many of these got closed due to legal implications.
a typical company like AnyOption used to hire hundreds of sales people that were spending hours aggressively calling all over the world trying to convince people to trade in their platform. they were hard spammers that promised easy entry into stock trading but in practice provided for a high risk, low reward gambling.
With the purchase of AnyOption.com, Invest.com supposedly got AnyOption.com's costumer base so they could claim their volume as the former AnyOption volume, however, a quick glance at their website data shows that their lack of activity really hurt them (down to 250K visitors a month). **It is also important to know that AnyOption founders have recieved shares in Invest.com, so investing in Stox is rewarding AnyOption founders as well.
So those billions in volume, tens of millions in profit and millions in clients are A. not Invest.com figures, B. outdated and diminished by now.
To summarize, i am not saying Stox is a scam, or that Stox doesn't have potential. i just want to stress out that the information you are getting is vastly inaccurate and i believe you are entitled to a more honest overview.
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[–]whofailed 17 puntos hace 8 días
Excellent post OP.
For more information on the anyoption.com scam: https://www.sitejabber.com/reviews/www.anyoption.com They seem to have destroyed their reputation by refusing to pay out investor funds.
For more information on this style of israeli bucketshop binary options scam: http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/
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Thanks.

This bit of information was new to me:
Tali Yaron-Eldar, Israel’s income tax commissioner from 2002 to 2004, in 2007 founded eTrader, a binary options firm that targets Israelis, along with Shay Ben-Asulin, who also co-founded AnyOption, one of Israel’s largest binary options companies with revenues in the tens of millions of dollars. In 2011, Ben-Asulin was indicted by the United States for securities fraud, and last month he was convicted of fraud by an Israeli court for helping an Israeli credit card company, ICC-CAL, illegally clear billions of shekels of charges from porn, binary options and gambling websites, as well as conceal the number of canceled transactions.
It is important to know that Invest.com gave stock shares to AnyOption.com founders along with the aquisition, so investing in Stox is directly rewarding the founders of AnyOption.com, who one of them (Shai ben asulin) is a convicted tax evader and a scammer. he literally recieved a court certified scammer diploma!
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[–]takeoveritsyours 2 puntos hace 1 día
+u/sodogetip 10 doge verify
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[–]STOXhq 3 puntos hace 8 días*
Dear Burningpet
Once again, your research is flawed.
The said Mr. Ben Asulin was bought out by his partners at AnyOption.com in 2014.
Years later, at the time Invest.com acquired AnyOption.com - Mr. Ben Asulin did not have a single share in AnyOption.com.
It goes without saying that Mr. Ben Asulin does not have a single share in Stox.com or in Invest.com and we have absolutely no relationship with him nor any obligation towards him of any kind.
Team stox ⁠⁠⁠⁠
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[–]burningpet[S] 14 puntos hace 8 días
Ok,
If you can point to an outside source that mentions this fact, despite an outside source that do state that Shay ben asulin still had shares in AnyOption.com, i would apologize and edit this part out.
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[–]EthericData 9 puntos hace 8 días
It has been over 9 hours. Why hasn't there been a public response to this request?
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[–]--o-o-o-- 8 puntos hace 12 horas
It's been over 8 days and still nothing.
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[–]Tribal_Tech 4 puntos hace 11 horas
And I'm sure will remain nothing.....
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[–]Bitinvestor 4 puntos hace 8 días*
Wow, thanks for the Times of Israel article. I'm deeply disappointed that Eyal Hertzog (co-founder of Bancor) is an advisor for Stox. I wouldn't deal with those people for all the money in the world.
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[–]EthericData 6 puntos hace 8 días
Ye shall know them by their fruits.
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[–]ngin-x 5 puntos hace 8 días
Thanks for warning us all. I won't invest in it.
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[–]mandark9999 3 puntos hace 9 días
Thank you for this!! The community will only benefit from these informative posts.
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[–]STOXhq 7 puntos hace 8 días*
Hello Burningpat,
While we don't question (and even appreciate) your earnestness, having regulated companies in our group, we take compliance, auditing and inaccuracies very seriously. Facts matter. So we'd like to set the record straight:
A. The invest.com Group has been in the lucky position to acquire other companies in order to expand our technology assets and team.
In fact, our Corporate Dev folks are always on the look out for M&A opportunities that will build even further value for the group.
We are now 200 people strong across 5 countries.
B. The domain (Stox.com) was indeed used in the past by a company by the same name, but was then purchased by The invest.com Group.
However, in order to be crystal clear: The current Stox is a completely new and separate business entity from the one you mention. No connection between the two.
By the way, this point was explained in detail by our Communications Team in press briefings.
C. As any Internet professional can attest, using 3rd party traffic analysis services to determine actual numbers is faulty at best.
We have a dedicated team in charge of traffic generation and acquisition, and we can assure you that the numbers you noted are not in the ballpark -- thankfully :) Go team!
To sum up, here are the hard -- bullet-proof facts:
$50M in annual revenue for 2016 $12B annual transaction volume 8M annual transactions 3M registered clients Employs 200 worldwide Both GetStocks and the invest.com are alive and well (including 3 more brands under our group). All of us at the The invest.com are very proud of the significant and proven knowledge in user acquisition, affiliation, as well as the securing of user funds and their management, the group has amassed to date.
We operate under the scrutiny of the regulator. Professionalism is in our DNA.
With some exceptions, most token sales have been done by first-time teams. The Invest.com Group is a strong business with a professional and experienced management team. We may be the first or among the first of real businesses that not only explore Blockchain but actually invest resources and execute a business plan on it.
We believe the sum of these proven abilities puts the company steps ahead of the competition in our ability to deliver a working solution, that combines the advance of prediction markets with the required expertise of running such an operation maturely and delivering an end to end working product.
If you or anyone else has any questions, please feel free to email us at: [email protected].
Team Stox.
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[–]mediaadvantages 8 puntos hace 13 horas
As far as traffic to the site, he is being very generous at 400k per month. If you want to count all the bots that spider your site then you aren't being truthful about your traffic. You are actually only getting about 10,000 per month in traffic from Google, so if you are getting a bunch of traffic, you are having to buy it. Your Facebook page for Invest.com doesn't even work https://www.facebook.com/investdotcom/ . You guys might think about hiring an SEO/Social Media/Digital Marketing company to give you a little help. lol
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[–]turquaise 3 puntos hace 2 días
they have subreddit here. https://www.reddit.com/r/STOX/
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[–]STOXhq 10 puntos hace 9 días*
Dear Burningpat,
The invest.com group, is indeed the result of both proprietary product implementation and as well as M&A. Such is the practice in the world of growing corporations.
Without getting into the specific substantial inaccuracies stated in your post, the result of Invest's expenditure strategy is one that brings the company to manage 3M users summing at $50M in revenue annually. Both GetStocks and the invest.com products are alive and well (including 3 more brands under our group) and are continuing to expend their product offering and user-base. Stox is a new addition to our growing portfolio of products.
While we share the believe that technological advance is a significant propelling power for financial market growth, we carry significant and proven knowledge in user acquisition, affiliation, securing user funds and their management. This while operating under the scrutiny of the regulator. We believe the sum of those proven abilities puts the company steps ahead its competition in the ability to deliver a working solution, one to combine the advance of prediction markets with the required expertise of running such an operation maturely and delivering an end to end working product.
Stox Team
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[–]burningpet[S] 17 puntos hace 9 días
Thank you for the reply.
I'd be happy to correct anything in this post if you'd care to address specific inaccuracies.
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[–]rickshop 10 puntos hace 9 días
Why didn't you address any of his claims with empirical evidence?
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[–]burningpet[S] 2 puntos hace 9 días
Edit: Sorry, thought you addressed that to me.
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[–]rickshop 9 puntos hace 9 días
no worries man and it is a stretch how I used it, but it can loosely apply. either way my choice of adjective is not really important, the fact that he didn't bring any facts that can be verified to the table in an effort to correct you is concerning
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[–]Lloydie1 2 puntos hace 9 días
Due to the level of fud against you, I'm going to have invest in stox on principle alone
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[–]TotesMessenger 2 puntos hace 9 días
I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:
[/r/cryptocurrency] Heads up for those who intend to invest in the Stox ICO
If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. (Info / Contact)
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[–]ArmorCladCypher 2 puntos hace 9 días
Proud of this punlic service.
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[–]cryptolel 1 punto hace una hora
It's true that the individuals and the companies involved with invest.com are very shady. I am from Cyprus and a simple visit to their offices will definitely put you off on dealing with these people. I know people who worked at invest.com and it's just another bucket shop scam so stay very far away from these companies.Check the background of every single one of the people involved in Stox, some of them are alright but having dealt with multiple Israeli companies, you need to do extensive research because they are paying mad money on SEO to cover all their traces online but a simple visit to any forex/investing forum will uncover the truth. These people can't make money with Binary Options and they're now trying to find other ways to fuel their greed! never ever ever deal with anyone who was involved in a binary options company! they say they have regulation but CySec regulation does't mean sh!t and this is coming from someone who has worked in multiple CySec regulated entities. I read the replies from the STOX reddit account and it's simply ridiculous, don't give your money to these people, they have scammed too many people already