PlotX is revolutionizing the prediction market landscape with its non-custodial protocol, allowing users to earn unlimited rewards on high-yield prediction markets. Often referred to as the "Uniswap of Prediction Markets," PlotX operates on the Ethereum blockchain, employing an Automated Market Making algorithm to create, settle markets, and distribute rewards without any counter-party risk. Focused primarily on crypto-pairs like BTC, ETH, and YFI, markets are set up at intervals of 1 hour, 1 day, and 1 week, providing ample opportunities for users to leverage their market insights. With on-chain governance powered by GovBlocks, PlotX is reshaping how prediction markets operate. Read on to explore how PlotX is making waves in the crypto space.

What is PlotX?

PlotX is a decentralized prediction market protocol that allows users to earn rewards by making accurate predictions on various crypto-pairs. The platform is non-custodial, meaning users retain control over their funds at all times. PlotX leverages an Automated Market Making (AMM) algorithm to create, settle markets, and distribute rewards on the Ethereum blockchain, eliminating counter-party risk.

Key Features of PlotX

1. Non-Custodial Protocol: Users retain control over their funds, ensuring security and transparency.
2. Automated Market Making Algorithm: Facilitates the creation, settlement, and reward distribution of markets.
3. On-Chain Governance: Powered by GovBlocks, enabling decentralized decision-making.
4. High-Yield Prediction Markets: Focused on crypto-pairs like BTC, ETH, and YFI.
5. Multiple Market Intervals: Markets are created at intervals of 1 hour, 1 day, and 1 week.

The Purpose and Utility of the PlotX Token (PLOT)

The PlotX crypto token (PLOT) serves as the native currency of the PlotX platform. It provides various utilities to its holders, including AMM mining (incentives for market creators), Referral mining, and Community mining, promoting a wide distribution of the token.

Use Cases of PLOT

1. Staking: Users can stake PLOT to participate in prediction markets and earn rewards.
2. Governance: PLOT holders can participate in the decision-making processes of the platform.
3. Incentives: PLOT is used to incentivize market creators, referrals, and community participation.

Unique Features of PLOT

1. Reduced Fees and Higher Rewards: Staking PLOT provides additional benefits such as reduced fees and higher rewards.
2. Layer 2 Scaling: Integration with the Matic Network for cheaper and faster transactions.
3. Incentive Programs: Various programs to reward user activity and referrals.

Tokenomics and Distribution Model

The total supply of PlotX tokens is capped at 200 million PLOT, with 66.32 million PLOT tokens currently in circulation. The token distribution model is designed to ensure maximum incentive alignment for all stakeholders.

Token Distribution

1. Team: Tokens are locked for 12 months, with 10% released monthly after the lock-in period.
2. Early Supporters and Private Sale Participants: Vested for at least 6 months, with a maximum upfront release of 20%.
3. Community: A significant portion is allocated to the community to promote engagement and participation.
4. Investors: Specific percentages allocated to investors are not explicitly mentioned.
5. Treasury: Held for future development and ecosystem growth.

Vesting Periods and Lock-Ups

• Team Tokens: 12-month lock-in, 10% released monthly post lock-in.
• Early Supporters: 6-month vesting, 20% upfront release.
• Private Sale Participants: 6-month vesting, 20% upfront release.

Inflation Control Mechanisms

PlotX has implemented a token burning mechanism to control inflation. Additionally, staking rewards play a role in managing the token supply.

Market Data

• Current Price: $0.0094
• Market Cap: $626,306.59
• 24h Price Change: 8.94%
• 7d Price Change: 1.44%
• 30d Price Change: 40.96%
• 24h High: $0.0096
• 24h Low: $0.0086
• All-Time High: $0.3931 (2021-05-11)
• All-Time Low: $0.0046 (2024-01-25)
• Circulating Supply: 66,318,562.00
• Total Supply: 200,000,000.00

The Team Behind PlotX

The PlotX team comprises experienced professionals in the blockchain and cryptocurrency industry. The co-founders, Ish Goel and Kartic Rakhra, bring a wealth of experience in computer science, blockchain development, and decentralized finance (DeFi) applications.

Core Team Members

1. Ish Goel: Serial entrepreneur with a background in computer science and a strong interest in blockchain technology.
2. Kartic Rakhra: Seasoned software engineer with expertise in blockchain development and a passion for DeFi applications.
3. Nitika Goel: Experienced in product management and community building.
4. Satheesh A: Blockchain developer with a focus on smart contract development and decentralized applications.

Advisors and Partners

PlotX has a strong network of investors and advisors, including prominent figures in the blockchain and cryptocurrency space. Notable partners include CoinMarketCap and the Matic Network.

Conclusion

PlotX is at the forefront of revolutionizing the prediction market landscape with its non-custodial protocol and innovative features. By leveraging an Automated Market Making algorithm, on-chain governance, and various incentive programs, PlotX provides a secure and engaging platform for users to earn rewards on high-yield prediction markets. With a strong team and a well-designed tokenomics model, PlotX is poised to make significant strides in the decentralized finance space.

Explore the future of decentralized prediction markets with PlotX and join the growing community of crypto enthusiasts leveraging their market insights for unlimited rewards.