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The PlotX Beta, over a 9 day period, has seen close to 200 participants staking over 170,000 PLOT in predictions across all markets. Further, more than 45 unique addresses have staked ~90,000 PLOT in Play Mining.

On the back of this response and the fact that PLOT Heads couldn’t get enough of the Alpha Challenge, here comes —The PLOT Head Beta Challenge!

Eligibility Criteria

Note: Predictions made with ETH are not eligible for the challenge. …


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Seeing the great response to the PLOT listing on BitMax, we have partnered with the exchange to launch an innovative staking program.

Here are the key details of the PLOT staking program on BitMax:

  • 40% APR
  • 14 days bonding period
  • Pay-out in PLOT and bPLOT

Payout Structure

The APR for the staking rewards is set at a lucrative 40% and the payouts for the staking will happen in both PLOT & bPLOT in the 30:70 ratio. That means, if you are to receive $10 of staking rewards, you would receive $3 in PLOT and $7 in bPLOT tokens. …


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The PlotX Beta made a debut on the Ethereum mainnet on Oct 13 ’20; since then, it has seen participation from over 330 unique addresses who predicted in various markets with a combined value of over $60,000.

Being a bootstrapped network, it is important to also recognize the fact that liquidity in the PlotX Prediction Markets is erratic at times. This greatly affects the user experience and is something the team is cognizant of.

The Challenges

The key reasons for lower/erratic liquidity, have been hypothesised by both the community as well as the team:

  • Hourly markets are too short

Taking into account the time it generally takes for a user to create an hourly market, for users to discover the market, and for a single user to make a prediction in the market, it is clear that the time frame of 60 minutes is too less to attract enough liquidity for every hourly market. This results in low participation and thus low liquidity in these markets as compared to the daily or the weekly markets. …


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Hey PLOT Heads, we have heard your calls, and are super excited to announce that the PlotX Liquidity Mining Program has been extended by 60 days!

You heard that right! 60 more days of $PLOT rewards for all the liquidity providers of the Uniswap v2 PLOT-ETH pool who participate in the program.

Here’s a quick summary of the program

  • 10,000 PLOTs to be distributed daily
  • Rewards accrued every second
  • No vesting / No lockup means instantly claimable
  • Farm Start Date: 12th Nov’20, 2 PM (UTC)
  • Farm End Date: 11th Jan’21, 2 PM (UTC)

How to farm $PLOT?

For existing PLOT farmers

If you’re already farming $PLOT, you can migrate to the new 60 days farm by following these…


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PlotX Beta went live on the Ethereum Mainnet on Oct 13 ’20, and it has already distributed over $26,000 worth rewards in the form of ETH and PLOT (according to current market prices). But, how were those rewards calculated? This article explores the answer to that question and more.

Positions Calculation

Before you learn how your rewards are calculated, you need to understand what prediction positions are, and how they affect your rewards.

Prediction Positions are a way of representing your share of the reward pool if your prediction happens to be correct. …


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Since the launch on 13th October, the ride has been crazy, to say the least. And now, to gear up for the exciting road ahead, based on the community feedback and suggestions received so far, we have compiled 5 key focus areas for the project moving further:

  1. Gas Cost Reduction on Ethereum
  • Existing smart contracts on Ethereum are being optimized to reduce the participation of gas costs by ~ 50%.
  • This should be achieved by the end of Nov 2020. It will have an immediate impact on improving the UX for all participants.
  • Further, the ability to use “rewards” for “predictions” without having to claim rewards is being built. This will be a relief for repeat predictions. …

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PlotX is collaborating with Chainlink to use their market-leading decentralized oracle network live on the mainnet to access transparent and accurate on-chain price feeds every hour for crypto assets. This allows users to easily initiate new markets with the help of the automated market maker which then settle these markets completely on-chain based on Chainlink’s Price Reference Data.

The PlotX Protocol is currently leveraging Chainlink’s BTC-USD & ETH-USD Price Reference Data to power its live BTC & ETH prediction markets respectively. Chainlink’s BTC-USD & ETH-USD price oracles are secured by a decentralized network of 21 independent, Sybil-resistant node operators, that collectively source data from at least seven different off-chain data aggregators, ensuring transparent option price calculation and fair settlement on all prediction markets. …


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As PlotX inches towards the mainnet launch, it’s time to turn up the heat and give away some $PLOT tokens!

So, starting 7 am UTC, October 8th 2020, all wallets which have placed a prediction on the PlotX Alpha before the mainnet launch of $PLOT will automatically be entered into a lucky draw for a total prize pool of 10,000 PLOT!

Eligibility Criteria


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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 on 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.

Leverage & Leverage Multiplier

So, in the current PlotX Alpha, whenever you decide to predict in any market, you need to enter the amount of kETH you wanna play with along with selecting the leverage you’re most comfortable with. …


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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 on 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.

New Market Lifecycle Stages

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In the PlotX Alpha, users only have the option to predict on one pair — BTC-USDT. However, with the new UI, users will be able to predict on BTC-USDT as well as ETH-USDT. …

About

PlotX

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

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