Privacy

The only thing a user will need to access Stox will be their wallet. By adopting blockchain, Stox will be able to verify ownership, and no one will be able to access the account without knowing the private key or selected authentication.

Since our release, the main concern we have received was privacy. Understandably, people do not want another entity to see their personal information and know their investments in a world that is getting more turbulent by the day. With even large, centralized silos getting hacked, and the data being stolen, it is of utmost importance to protect one’s personal data, especiallyy if about their finances.

Providing a wallet address will enable us to tie a user account to their wallet, skipping the need for an email address, password, or a name. All user’s recorded transactions from all asset types will be registered under this account. Even if someone sees the transactions, it is not possible for them to connect the account to any real identity or understand the data without decrypting it with user’s private keys.

Stox will also utilize web3auth infrastructure to create wallets based on e-mails or social media logins in a completely provable zero-knowledge way for users who do not wish to manage their keys or mnemonics themselves to facilitate retail adaptation. Such users will be constantly incentivized to move to self-custody, creating a steppingstone for retail to truly onboard to web3.