"PlotX set to be the link that connects DeFi traders to take bear, bull or neutral positions on any asset, as a decentralized alternative to futures"

https://blockmanity.com/news/feature/how-defi-prediction-market-space-is-getting-disrupted/

- PlotX mainnet is live @ app.plotx.io
- 154 users in 5 days
- 93603 PLOTs used in predictions
- 24555 PLOTs distributed as rewards

Checkout the mainnet, and join the community at:

Telegram: https://t.me/plotx_official
Discord: https://discord.gg/YFb92Y4

#PredictOnPlotX
#PLOT

PlotX among top 6 Alternatives of BitMEX (and the only DeFi one)

With BitMex in unsafe waters, where do the traders go from here on?

"To PlotX" - as per NewsBTC!

Channelise your predictive skills to pick future prices of digital tokens and coins and turn it into predictive gains.

https://www.newsbtc.com/news/company/these-bitmex-alternatives-are-the-best-specialized-investment-platforms-for-traders/

- 162 Users in 6 days
- 101577 PLOT used in predictions
- 25522.34 PLOT distributed as rewards

Checkout the mainnet, and join the community at:

Telegram: https://t.me/plotx_official
Discord: https://discord.gg/YFb92Y4

PlotX Feature Update - Approve more PLOTs to save gas

Hey PLOT Heads!

To allow PLOTs to interact with PlotX Smart Contracts each user needs to approve the interaction first. Excited to share that now you can approve additional PLOTs in a single transaction to save gas fees by using the "Approve more to save gas" button.

To save on gas fees you can approve additional PLOTs for interactions in a single ETH transaction now, thus saving you from making multiple approval transactions each time you wish to use PLOT.

Note: This transaction DOES NOT result in locking of PLOTs in any shape or form. They will remain in your wallet and can be utilized as per your wishes.

The following idea was shared by a fellow PLOT Head and we are lucky to have such a vibrant community constantly sharing feedback to help PlotX grow. Looking forward to more such inputs!

Till then, happy predicting!

Telegram: https://t.me/plotx_official
Discord: https://discord.gg/YFb92Y4

Participate in the first PlotX Improvement Proposal (PIP) - Participation Mining

What is a PIP?
PIP stands for PlotX Improvement Proposal. It is inspired by the Ethereum Improvement Proposal (EIP) process. PIPs are used to discuss new governance proposals before they are put to an on-chain vote.

It helps educate the community about the proposed changes as well as debate any changes to the proposal. For PlotX to succeed, it is important that the community participates by sharing ideas for improvements in the PlotX protocol.

What is the Participation Mining PIP about?
The Participation Mining PIP is to introduce a 2 week incentive program to bootstrap liquidity on the PlotX prediction markets.

Abstract
This proposal details an incentive program, called PlotX Participation Mining, that will reward a user every time they predict on a PlotX prediction market.

Each time a user takes a long, neutral or short position on PlotX prediction markets, the user will become eligible for incentives in $PLOT in proportion to the number of positions they bought. The incentives can be claimed post the settlement of the market and shall be valid irrespective of whether the user wins or loses their prediction.

Voice your opinion of this PIP in the PlotX Research Forum
https://research.plotx.io/t/pip-introducing-plotx-participation-mining/23

📌PlotX Liquidity Mining Program (APY 264%) now listed on CoinGecko 📌

Go to https://www.coingecko.com/en/yield-farming and search for PLOT to see the listing and check the real-time APY and total value locked.

Participate in PlotX liquidity mining:
liquidity.plotx.io

Read about the PlotX liquidity mining incentives and risks at:
docs.plotx.io/plot-token-1/liquidity-mining

📌PlotX Participation Mining, taking off tomorrow!

The governance vote for PlotX Participation Mining has now been passed (https://govern.plotx.io/proposals/8). This is the 1st step towards bootstrapping liquidity on the PlotX prediction markets.

✔️Get ready to mine $PLOTs every time you participate on PlotX - no matter you win or lose.
✔️Get higher rewards for being early in the market with lower priced options

Details of the Participation Mining program:

▫️Kick off: 10 am UTC, 22 Oct 2020
▫️Incentives in Hourly Market: 100 PLOT
▫️Incentives in Daily Market: 1000 PLOT
▫️Incentives in Weekly Market: 2000 PLOT
▫️Initial Duration: 2 weeks

Learn more about PlotX Participation Mining here: https://docs.plotx.io/launch/plotx-participation-mining

The hustle is on!
Use app.plotx.io to #PredictOnPlotX

PlotX Participation Mining is now live!

Community-driven, on-chain governance at its best! A proposal was raised, discussed and implemented within 3 days.

You will be able to see the rewards under Participation Incentives in the leaderboard section of each market.

What this means for users?
⛏ Mine $PLOT every time you participate on PlotX - no matter you win or lose
🔥 Get higher rewards for being early in the market with lower priced options

Incentive Overview of the Participation Mining Program
Hourly Market: 100 PLOT
Daily Market: 1000 PLOT
Weekly Market: 2000 PLOT
Duration: 2 weeks

Learn more about PlotX Participation Mining here: https://docs.plotx.io/launch/plotx-participation-mining

Use app.plotx.io to #PredictOnPlotX now with Participation Mining!

📢 Launching the PLOT Head Beta Challenge 📢

It’s bigger, better and even more exciting than before!

Here's an overview:
✅ Prize pool worth $3000 - in addition to all the winnings you’d accumulate in the markets you win in! 🤑
✅ Daily rewards to the top 5 profit makers of the day during the course of the challenge 🔥
✅ Weekly rewards to the top 3 profit makers of the entire week 🔥🔥🔥
✅ Challenge Starts at 12 PM UTC, 23rd October 2020, and will go on till 12:15 PM UTC, 30th October 2020 📅

Read more details: https://tryplotx.medium.com/introducing-the-plot-head-beta-challenge-95458bcfb19a

Head over to https://app.plotx.io/ & #PredictOnPlotX now!

PlotX, putting the Wow in DAO!😲

A nice mention by the awesome team at CryptoDaily:
"PlotX is a non-custodial decentralized prediction market hailed as the Uniswap of its kind. Think Augur for defi, but with better UX and faster market resolution.

A DAO provides a means for the most credible proposals to be considered, debated, and then voted on. DAOs like PlotX that offer incentives for participation are likely to see greater community participation, while motivating their super-users to engage with the project and spread the word."

Read about how PlotX is putting the Wow in DAO!
https://cryptodaily.co.uk/2020/10/meet-the-crypto-projects-putting-the-wow-in-dao

The PlotX Beta Challenge is now live!

A reward pool of $3000 is up for grabs with weekly and daily rewards 🔥

If you haven’t already, then register yourself here now: https://forms.gle/nUpbhTMDXv6VbwJA7

Developments since the Beta launch:

Close to 200 participants in just under 10 days 👀
PlotX Liquidity Mining Program with 220%+ APY 💧
PlotX Participation Mining is now live with exciting incentives for each market 🕺🏼

Head over to https://app.plotx.io to #PredictOnPlotX 🔮

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge Day 1 has ended and the winners’ list has been updated here: http://bitly.ws/ahHR

Congratulations to the days’ winners! 💪🏼

And to everyone else, 6 days are still wide open for you to come in and swoop the rewards. So, get on the PlotX Beta (app.plotx.io) and start predicting now and stand a chance to win from a prize pool of $3000!! 🏆

Read more about the challenge here: http://bitly.ws/amEH

🎯 Attention PLOT Heads 🎯
The PLOT Head Beta Challenge Day 2 has ended and the winners’ list has been updated here: http://bitly.ws/ahHR

Congratulations to the days’ winners! 💪

And to everyone else, 5 days are still wide open for you to come in and swoop the rewards. So, get on the PlotX Beta (https://app.plotx.io) to #PredictOnPlotX and stand a chance to win from a prize pool of $3000!! 🏆

Challenge Details: http://bitly.ws/amEH

Product Stats 📊
Yield Farming APY: 219%
No. of Markets Created: 525
No. of Participants: 209

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge Day 3 has ended and the winners' list has been updated here: http://bitly.ws/ahHR

Congratulations to the days' winners! 💪🏼

And to everyone else, 4 days are still wide open for you to come in and swoop the rewards. Though don't wait around much longer if you want to have a shot at the top weekly prize of $750!

So, get on the PlotX Beta (https://app.plotx.io) to #PredictOnPlotX and stand a chance to win daily as well as weekly rewards from a prize pool of $3000!! 🏆

Challenge Details: http://bitly.ws/amEH

Product Stats 📊
Yield Farming APY: 222%
No. of Markets Created: 575
No. of Participants: 212

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge Day 4 has ended and the winners' list has been updated here: http://bitly.ws/ahHR

Congratulations to the days' winners! 💪🏼

And to everyone else, 3 days are still wide open for you to come in and swoop the rewards. Though don't wait around much longer if you want to have a shot at the top weekly prize of $750!

So, get on the PlotX Beta (https://app.plotx.io) to #PredictOnPlotX and stand a chance to win daily as well as weekly rewards from a prize pool of $3000!! 🏆

Challenge Details: http://bitly.ws/amEH

Product Stats 📊
Yield Farming APY: 216%
No. of Markets Created: 628
No. of Participants: 214

🗒 Increasing the Market Creation Rewards - PlotX Improvement Proposal (PIP)

What is this PIP about?
This PIP is for increasing the market creation rewards by distributing the gas cost incurred by Market Creator in the form of PLOT along with an opportunity to receive a up to 10% of the reward pool in that market.

Abstract
This proposal details incentive realignment for rewarding market creators in PLOT + Reward Pool share by looking at the following parameters:

- Gas amount used in market creation transaction (average of 650K)
- Gas price paid by market creator (for eg 30 Gwei)
- Ethereum gas price for fast transaction mining
- Price of PLOT in ETH
- Amount staked for Play Mining (determines the % share of reward pool from 1% to 10%)

Voice your opinion of this PIP in the PlotX Research Forum
https://research.plotx.io/t/pip-reconfiguration-of-market-creation-incentives/37

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge Day 5 has ended and the winners' list has been updated here: http://bitly.ws/ahHR

Congratulations to the days' winners! 💪

And to everyone else, 2 days are still wide open for you to come in and swoop the rewards. Though, if you want to have a shot at the top weekly prize of $750, you gotta hurry!

So, get on the PlotX Beta (https://app.plotx.io) to #PredictOnPlotX and stand a chance to win daily as well as weekly rewards from a prize pool of $3000!! 🏆

Challenge Details: http://bitly.ws/amEH

Product Stats 📊
Yield Farming APY: 218%
No. of Markets Created: 676
No. of Participants: 241

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge Day 6 has ended and the winners' list has been updated here: http://bitly.ws/ahHR

Congratulations to the days' winners! 💪

Get on the PlotX Beta (https://app.plotx.io) to #PredictOnPlotX and stand a chance to win daily as well as weekly rewards from a prize pool of $3000!! 🏆

Challenge Details: http://bitly.ws/amEH

Product Stats 📊
Yield Farming APY: 216%
No. of Markets Created: 720
No. of Participants: 242

🎯Attention PLOT Heads 🎯

The PLOT Head Beta Challenge has wrapped up successfully and the list of winners of the $3000 worth bPLOTs pool has been updated here: http://bitly.ws/ahHR

Over the course of the last week, PLOT Heads have been lighting the Challenge on fire, with:

- Participation from over 82 unique addresses
- Over 640 predictions made
- Around $9000 worth of $PLOT used to make predictions

Congratulations to all the winners! 🏆

Enjoy your bounty in addition to the profit you made on the app! 🤑

Product Stats 📊
Yield Farming APY: 210%
No. of Markets Created: 770
No. of Participants: 245

Voting Open for "Increasing Market Creation Rewards"

It's time for the on-chain vote on the Market Creation rewards.

Please go through the details below & show your support by participating in the vote.

Summary
We want to fix the current market creation incentive i.e. 50 PLOT

This vote is for increasing the market creation rewards from 50 PLOT to a dynamically calculated value in PLOT that equals the gas cost incurred by the Market Creator along with an opportunity to claim upto 5% of the reward pool in the created market.

Voting Steps
1. Visit https://govern.plotx.io/proposals/10 and connect your Metamask wallet with the PLOT address
2. Read the proposal in detail
3. Participate in the vote by choosing to "Accept" or "Reject" the vote

Timeline
Voting has started as of 9th Nov 2020 10:23 AM UTC, and will end in 3 days

Voting Incentive
A total of 1000 PLOT are being distributed as an incentive for vote participation

Head over to https://govern.plotx.io/proposals/10 to participate in the community vote!

🔎 [Blog Post] How Are Rewards Calculated On PlotX?

More than $26,000 worth of rewards have been distributed on the PlotX Beta since its launch on Oct 13th. Wondered how were those rewards calculated? This article explores the answer to that question and more.

Read here: https://bit.ly/3nbOZe4

Product Stat of the Day 📊
275 unique users have now made a prediction on PlotX