Towards Mainnet #1 — ETH Market & $PLOT Integration

PlotX
PlotX
Sep 22 · 3 min read
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As PlotX nears the mainnet launch, the team is excited to throw light on the new features which will be part of the upcoming release. Since the launch of the public alpha in August ’20, the PLOT Head community has been instrumental in providing valuable feedback. Thus, in line with the mission of creating a community-first protocol, this feedback has served as the foundation for the mainnet release version.

1. ETH-USDT Market

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A foundational principle of the project is to have maximum community participation in important decisions like what markets will be added to the platform. That being said, after taking a lot of feedback from the community in the form of polls, the ETH-USDT market emerged as the most requested one. And hence, as PlotX gets launched on the mainnet, users will be able to predict on the BTC-USDT market and the ETH-USDT market as well.

Users will be able to select the pair they want to predict on using the market selector drop-down, as shown here.

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And, as you might have already guessed, each pair will have three market cycles (hourly, daily, and weekly) within it.

2. Ability to play with PLOT

As PlotX gets launched on the mainnet and users will also be able to purchase prediction positions on using the PLOT token apart from ETH alone.

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As you can see above, users will have two options to purchase prediction positions — ETH and PLOT.

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Not only that, but users will also be able to see the share of the pool they will get upon purchasing a certain number of prediction positions AND their potential winnings based on the current state of the market.

Also, no matter which asset you use to buy prediction positions, the reward pools of ETH and PLOT will be distributed independently of each other to all the winners.

For example, you won in a market which has a reward pool of 1 ETH + 100 PLOT, and there are 10 participants (including you) with an equal number of positions in the winning option. When this market settles, every participant in the winning option (including you) will get 0.1 ETH + 10 PLOT each. It doesn’t matter if you played with only ETH or only PLOT or with PLOT and ETH both, you will get the proportionate share of assets belonging to the reward pool.

Hold On! There’s more to come!

While as exciting as these features are, PlotX is stacked with such mouth-watering features. As the PlotX mainnet launch nears fruition, the community can expect the unveiling of more such features.

So, stay tuned to the announcement channels on Telegram and Discord to get regular updates about new feature additions and feel free to give suggestions or ask any questions.

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PlotX

Written by

PlotX

Gamified DeFi Prediction Markets | Join the tribe https://discord.gg/gN5dvCh | Telegram community: t.me/plotx_official

PlotX

PlotX

Non-Custodial Prediction Markets for Crypto Traders | Join the tribe https://discord.gg/gN5dvCh | Telegram community: t.me/plotx_official

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