PlotX — DeFi solution for prediction markets
PlotX is the Uniswap of prediction markets, which lets you earn rewards with just a few clicks by predicting the future price of given crypto assets — it’s easy as that.
What are prediction markets?
Simple said, prediction markets can be anything with an outcome at a specific time and date. You bet for a particular result, and if you’re right, you’ll win.
Connect your Ethereum wallet and start predicting
With PlotX, you’ll get a shortcut to earn profit for predicting the price of your favorite crypto pairs. There’s no need to create an account or dealing with KYC. Simply connect your MetaMask to the Ethereum based and non-custodial PlotX platform, and you’re ready to go. Oh, and to answer a frequently asked question right away: PlotX uses Chainlink and Provable oracles. DeFi all the way.
Incredible user experience
Once you’ve connected your funded wallet, you’ll choose your market pair, such as BTC — USDT. Next, you’ll select the market, which is hourly, daily or weekly.
At this point, you can see all the details, which are:
- Highest option price
- Lowest option price
- Market participants
- Total stakes
- Time remaining
Now you can choose your desired option and click on the “Predict” button, which shows you the “Buy Option Positions” menu. Enter the desired amount of ETH to pay, choose a leverage factor and go. Good luck!
All in or play it safe?
It’s important to know that leverage means how much you are willing to lose. So 1X = 20% risk and 5X means 100% or all-in. For example, you pay 1 ETH and choose 1X (20% risk). Sadly, your prediction was wrong and you lose. After the market closes, you’ll get 0.8 ETH (or 80%) back. If you had selected 5X (100%), your ETH would be gone. Of course, you could also win more with higher leverage. With PlotX, your risk is limited, while the amount to win depends on the participants.
How much can you win with PlotX?
A lot. The more participants PlotX has, the more you can win. After a market is settled, the rewards will be taken from the two wrong predictions and automatically distributed to the winners. The 1-hour markets will pay every hour with smaller amounts while the weekly markets will pay the most, as there is more time to accumulate predictions.
PlotX fundraising with DAO Maker
PlotX has made fundraising of 2.7m with the amazing DAO Maker team. DAO Maker is known for its heavy due diligence and they only select the best projects. So far, DAO Maker did fundraising with Orion Protocol ($ORN), OpenPredict ($OPT) and Definer ($FIN), which the crypto community greatly received all. Check out their very informative page about PlotX.
Mainnet launch and Uniswap listing
The PlotX prediction market protocol will have its mainnet launch on 13th Oct 2020, while the Uniswap listing will be on the same day at 1 pm UTC. Wow, that’s a fully functional mainnet on the initial listing day!
- Token name: $PLOT
- Technology: ERC-20
- Contract address: 0x72f020f8f3e8fd9382705723cd26380f8d0c66bb
- Total supply: 200'000'000 $PLOT
- Circulating supply: initially 12'000'000 $PLOT
- Public price: $0.05 / $PLOT
- Private sale price: $0.05 / $PLOT
- Early supporters price: $0.03 / $PLOT
- Seed price: $0.015 / $PLOT
- Market cap: initially $600'000 (w/o liquidity)
- Fully diluted market cap: $10'000'000
You can find all details in the official $PLOT tokenomics sheet.
$PLOT token usage
$PLOT is a utility token that will be used in six fantastic ways for the PlotX DeFi application.
- AMM mining — incentives for market creators
- Referral mining — building in virality by design
- Community mining — wide distribution in communities
- Play mining — stake & play
- On-chain governance
- Liquidity mining
To learn more about each point, please read the PlotX token utility documentation.
$PLOT token allocation
Let’s have a look at the $PLOT token allocation.
Team tokens locked for 12 months
The team tokens will be locked for 12 months. After the lock-in period, only 10% of these holdings will be liquidated monthly.
Let’s have a look at the team
The PlotX team is public and has an impressive business background. The founders worked at Nexus Mutual; a well known and appreciated DeFi Insurtech based on Ethereum.
The famous crypto fellow Michael @Boxmining just made an interview with CEO Ish Goel. Watch it and follow him.
PlotX’s Roadmap
They just started in March 2020 and their mainnet is already available. Well done, team! They even provide us with two roadmaps.
Buy $PLOT on Uniswap
In case you missed it above, $PLOT will do their initial Uniswap listing on 13th Oct 2020, 1 pm UTC. Here’s the contract address you’ll need to enter in Uniswap, once it’s live: 0x72f020f8f3e8fd9382705723cd26380f8d0c66bb
Want to do your own research on $PLOT?
It’s essential that you do your own research (DYOR) on every project and get your own insights and decisions.
Let me share some links below to help you with that:
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