PlotX

Overview of PlotX

  • PlotX (dubbed as the Uniswap of Prediction Markets) is a non-custodial protocol written using the Solidity language that can allow predictions for any price feed, with the ability to create markets, settle markets through third-party oracles and distribute rewards peer-to-peer on the Ethereum Blockchain.
  • PlotX’s ultimate aim is to create a curated and reliable platform for crypto traders, enabling them to perform vital trading functions like momentum sensing and positions hedging to increase their gains.
  • 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.
  • PlotX v2 has in-built capabilities for smooth token bridging to-and-fro between L1 ←→ L2, powered by Polygon’s Matic PoS bridge and cross-chain swap technology of Connext.
  • PlotX also features its own native token called PLOT, which provides a number of benefits – we’ll be discussing the token in more detail a bit later in the article.
  • PlotX protocol follows a pragmatic approach for predictions, whereby results can settle with mathematical equations that are based on price-feeds of any asset.
  • PlotX enables participation mining via a gamified experience by drawing inspiration from yield farming or liquidity mining as used in DeFi protocols.
  • PlotX, an Ethereum-based prediction market, has announced it’s migrating to Polygon’s (formerly known as Matic) L2 solution.
  • PlotX has been in #buildmode since Feb 2020 and the public alpha was launched on 4th August on the Kovan testnet of Ethereum.
  • PlotX precio de hoy es el $0.211874 USD con un volumen de comercio de 24 horas de $2,291,428 USD.

    • Blockchain

    It also aims to solve the liquidity problem that has marred the growth of prediction market protocols in the past.Markets once initiated are automatically created in intervals of 1h, 1d and 1w.PlotX is a non-custodial protocol that can allow predictions for any price feed, with the ability to create markets, settle markets through third-party oracles, and distribute rewards peer-to-peer using blockchain technology.The PlotX smart contracts eradicate the counterparty risk in market creation & settlements.

    Mine

    Marketplace dispute resolutions, wherein users disagree on a given market’s outcome, are a a big quagmire for all decentralized prediction projects.PlotX faces this issue by focusing on non-subjective markets that can be mathematically determined.The project’s website notes:

    Network

    Chainlink’s decentralized oracle network provides our users with assurances about data accuracy and protocol security, allowing them to verify that the generation of odds and the settlement of PlotX prediction markets are fair, reliable, and transparent to everyone.PlotX’s Chainlink integration will make the prediction markets on our protocol much more trustworthy and reliable.

    Support

    Our collaboration will initially focus on supporting PlotX to finalize the use case around the deployment of their protocol on the Elrond mainnet and then move to actual deployment once the necessary research is conclusive.Our new partner has already built a working product using the Ethereum blockchain as backend.

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    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.

    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.

    Background: Who is behind PlotX?

    The project lives by the popular mantra by Abraham Lincoln that the future can only be predicted by visualizing it in the present.PlotX has a dedicated team led by Ish Goel, Nitika Goel, Kartic Rakhra, and Satheesh A.Furthermore, the team’s vast experiences are spread across various sectors.

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    Custom consulting and product design for your project goals.

    How do I buy PlotX?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including PlotX.

    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.

    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.

    Is plotx popular?

    The npm package plotx receives a total of
    3 weekly downloads.As such,
    plotx popularity was classified as

    limited.Visit the
    popularity section
    on Snyk Advisor to see the full health analysis.

    Is plotx safe to use?

    While scanning the latest version of plotx, we found
    that a security review is needed.A total of
    8 vulnerabilities or license issues were
    detected.See the full
    security scan results.

    Is plotx well maintained?

    We found indications that plotx is an
    Inactive project.See the full
    package health analysis
    to learn more about the package maintenance status.

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    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.

    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.

    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.

    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.

    What are the plotX, plotY values of a point in HighCharts?

    What are the plotX, plotY values of a point in HighCharts? I can’t find them in the documentation.I read the values but couldn’t make sense of them when using a pixel ruler on the graph.

    What coins are similar to PlotX?

    The following coins use PlotX’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Maker, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

    What hashing algorithm does PlotX use?

    PlotX is a coin that uses the ETH Token algorithm.

    What is PlotX?

    Built on the Ethereum blockchain, PlotX is a network that seeks to make trading in decentralized finance (DeFi) “simple and fun!” by powering a prediction market with cryptocurrency traders in mind.

    What is PlotX?

    PlotX is a decentralized platform that allows users to predict cryptocurrency prices.The platform, which was created by former Nexus Mutual and GovBlocks developers, features a non-custodial design – users connect to the PlotX with their Ethereum wallet and never have to give up control of their private keys during the trading process.

    What is PlotX?

    PlotX is a non-custodial prediction protocol that enables users to earn rewards on high-yield prediction markets.PLOT is a non-refundable functional ERC-20 utility token which will be used as the medium of exchange between participants on the PlotX prediction market protocol with various use-cases like placing predictions, staking and governance.More details on PLOT here.

    What is plotx?

    jskit-plot is a javascript module for quickly plotting data with highcharts.When jskit-plot used with ML.js, and jskit…Visit Snyk Advisor to see a
    full health score report
    for plotx, including popularity, security, maintenance
    & community analysis.

    What is the Reddit page for PlotX?

    The official Reddit community (subreddit) for PlotX is r/PlotX.

    What is the value of PlotX?

    One PlotX (PLOT) is currently worth $0.21 on major cryptocurrency exchanges.You can also exchange one PlotX for 0.00000373 bitcoin(s) on major exchanges.The value (or market capitalization) of all available PlotX in U.S.dollars is $7.35 million.

    Where can I get PlotX wallet?

    PlotX produces its own wallet software that is available for download on its website, which allows you to store PlotX on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Where Did This Project Come From?

    This is worth asking since there are shills from some fairly popular / high places (i.e.

    History of PlotX