What is PlotX?
PlotX is a DeFi protocol that is set to transform the prediction market by creating an ecosystem where crypto traders can earn rewards by making price predictions of popular cryptocurrencies. The PlotX platform operates on the Ethereum blockchain and is a non-custodial prediction market protocol.
The traditional finance market has been plagued by three main challenges - counterparty risk, inability to showcase fair settlements, and high costs. These challenges have made the market less useful and unattractive to users. However, the PlotX platform aims to solve these problems by building a DeFi prediction protocol native to the crypto community. The platform has a modular working mechanism and a community-driven governance model that allows the creation of any crypto pairs in the market. Additionally, the network utilizes PlotX smart contracts to offer its users a reliable prediction market.
The PlotX network offers five key propositions to its users:
- Automated Market Making (AMM) - This feature allows traders to swap between two assets at a fair market price.
- Price-feed Driven Market - The platform can settle mathematically.
- Short Market Cycles and Instant Rewards - The platform offers instant rewards and short market cycles to its users.
- Participating Mining - Inspired by liquidity mining, the platform allows users to earn rewards by participating in mining.
- Risk Spread Mechanism - The platform offers a risk spread mechanism to its users.
PLOT is the native token of the PlotX network. It is an ERC-20 standard token that serves as a secure and convenient mode of payment and settlement within the PlotX ecosystem. The PLOT token offers various utilities to its holders, such as AMM mining (incentives of market creators), Referral mining, Community mining (wide distribution in communities), Pay mining (Stake and play), On-Chain Governance, and Liquidity mining.
The PlotX platform is revolutionizing the DeFi prediction market by providing a decentralized prediction market protocol that is user-friendly and efficient. The platform offers its users a reliable prediction market and a chance to earn rewards by making price predictions of popular cryptocurrencies. The PlotX network's community-driven governance model, modular working mechanism, and use of smart contracts make it an attractive platform for crypto traders.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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