PlotX: predict prices and earn rewards
PlotX — a market-based forecasting protocol on Polygon that provides crypto traders with a simplified interface for making money by correctly predicting the prices of popular crypto assets. Due to its ease of use, users often refer to it as Uniswap of Prediction Markets.
Working on the crypto win PlotX project
Prediction on PlotX is very simple: Connect> Select> Predict> Get Rewards. The first step - to connect your wallet to the PlotX web application. To make things easier for new crypto users, the team also provides an email login option, using the Magic Link. Once connected, explore different crypto asset markets and time frames.
If you run into any difficulty navigating the forecast, the app has a chat option that allows you to communicate directly with the team.
PlotX supports 6 different cryptocurrencies for forecasting:
The rewards, earned for correct predictions, come from the market reward pool where the predictions were posted. Since each market can be very different, the reward pool for each market can also vary greatly, depending on the $ PLOT / bPLOT bet amount. The pool of rewards go to the position holders in the correct form, which is an incentive for them to make accurate predictions. The calculation of the remuneration of each position holder in the correct version is performed as follows: - Reward pool * (number of positions, occupied by the user / total number of positions in the option).
The markets on PlotX are adapted to the preferences of crypto traders, i.e. short and exciting, as opposed to the longer markets, featured in most other prediction markets, which often last several months. The shorter markets on PlotX ensure that your funds are not blocked for an extended period of time. These shorter markets have given rise to PlotX's first-of-its-kind Pre-IDO prediction markets - a vertical never before explored in the DeFi prediction market space.
Security of using this exchange
CertiK and Mudit Gupta conducted two independent security audits of smart contracts. You can check them here: CertiK, Mudit. You can get more information about the project by examining the main page of the site. There is a short description and answers to questions.
Learn more about PlotX, chat with other PLOTHeads executives and have your say on social media:
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