Stox: Getting The Crowd Involved
If you are an event organizer, you will need a well-planned strategy to gather a large audience at your events. It’s not easy. But getting the most influential guests is the first key to hosting an effective event.
Convincing the audience is another priority to deliver a successful event. You will need to draw a larger audience to witness the event. The best crowd for your event consists of people who are invested and loyal to the event or maybe a particular brand, as well as influential potential customers or business partners. Companies that do the well can tell you that having the appropriate crowd not only fosters deeper engagement, but also turns attendees into devoted advocates for your event or brand.
One important thing is to have valuable readers or listeners, and then we need to look at their general perception of the event.
Stox.com applies the same approach to their prediction markets platform. It is no secret that Stox is one of the most sophisticated platforms in the industry. Here are key strategies that make them successful :
Choose the right prediction markets
One of the first things to consider is what kind of markets we plan to provide to the community. Stox chooses market that is large enough to gain traction from the crowd while maintaining accuracy and transparency. The market must also be provided with a specific question that compliments the message of the event. Such a market would increase the convincing power of the campaign and eventually result in larger participation from the crowd.
2 . Social Engagement
Prediction markets platform should engage with the community through social media sites and the website for immediate response. Stox introduces Stox Academy to provide a proper answers to all questions and issues regarding the platform. Stox also include special incentives for bounty program to those willing to contribute and help spread the good-words about the power of Stox platform. This strategy is a proven technique to successfully manage a community. Other platforms tend to care less about social engagement which might result in excessive spending or leave a negative impression among the audience due to improper handling.
3. Benefits and incentives
Another key strategy to gather a larger audience is to provide the crowd with incentives. Stox has been known for giving a lot of free STX tokens for the first users to join the competition within their first version platform (Galton-version) along with the bonus demo-token to win real STX tokens from ICO predictions like Insurepal and BlitzPredict. This attracts a larger audience and partnerships with little effort. Stox always think differently and come up with new, better solutions to every issue. These strategies guarantee a successful marketing campaign no matter how tough the competition gets.
The latest version of Stox.com platfrom called “Sun Tzu” is now live. With this platform, users can use their real STX tokens to predict the outcome of any event. This is part of Stox’s commitment to the community, which also stated on their roadmap, by delivering the best platform for better user engagement.
https://medium.com/@Dobydogg/stox-getting-the-crowd-involved-ae9d386231f2
. But I'm curious whether brain power has a significant correlation with the bet amount rather than with the actual odds of the picks.