🔎 [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
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
The PlotX Liquidity Mining Program is getting extended! 🚜
We have heard your calls and are excited to announce that the PlotX Liquidity Mining Program has been extended by 60 days!
Here’s a quick summary of the program
- 10,000 PLOTs to be distributed daily
- Rewards accrued every second
- No vesting / No lockup - instantly claimable rewards
- Farm Start Date: 12th Nov’20, 2 PM (UTC)
- Farm End Date: 11th Jan’21, 2 PM (UTC)
Read more: https://bit.ly/2UieA8Q
So PLOT Heads, don’t miss out on participating in the new extended program and farm yourself some free $PLOT!
Product Stat of the Day 📊
Over 900,000 PLOT have been been used to make predictions on PlotX
We have heard your calls and are excited to announce that the PlotX Liquidity Mining Program has been extended by 60 days!
Here’s a quick summary of the program
- 10,000 PLOTs to be distributed daily
- Rewards accrued every second
- No vesting / No lockup - instantly claimable rewards
- Farm Start Date: 12th Nov’20, 2 PM (UTC)
- Farm End Date: 11th Jan’21, 2 PM (UTC)
Read more: https://bit.ly/2UieA8Q
So PLOT Heads, don’t miss out on participating in the new extended program and farm yourself some free $PLOT!
Product Stat of the Day 📊
Over 900,000 PLOT have been been used to make predictions on PlotX
PlotX Liquidity Mining Extension is now live!
The UWETH/PLOT (Nov-Jan'21) Farm is now live on liquidity.plotx.io. Deposit your Uniswap V2 LP tokens now.
Here’s a quick recap of the program
- 10,000 PLOTs to be distributed daily
- Rewards accrued every second
- No vesting / No lockup - instantly claimable rewards
- Farm Start Date: 12th Nov’20, 2 PM (UTC)
- Farm End Date: 11th Jan’21, 2 PM (UTC)
Read more on how to participate: https://bit.ly/2UieA8Q
Get farming now and enjoy your $PLOTs! 🚜
Note: Existing farmers will need withdraw their LP tokens from the previous farm, UWETH/PLOT (Oct-Nov'20) and deposit them into the new one.
The UWETH/PLOT (Nov-Jan'21) Farm is now live on liquidity.plotx.io. Deposit your Uniswap V2 LP tokens now.
Here’s a quick recap of the program
- 10,000 PLOTs to be distributed daily
- Rewards accrued every second
- No vesting / No lockup - instantly claimable rewards
- Farm Start Date: 12th Nov’20, 2 PM (UTC)
- Farm End Date: 11th Jan’21, 2 PM (UTC)
Read more on how to participate: https://bit.ly/2UieA8Q
Get farming now and enjoy your $PLOTs! 🚜
Note: Existing farmers will need withdraw their LP tokens from the previous farm, UWETH/PLOT (Oct-Nov'20) and deposit them into the new one.
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$PLOT to list on BitMax!
Listing Details
$PLOT will be listed on BitMax.io on 13th November, 2020 at 10 AM EST
BitMax Trading Pair: PLOT/USDT
Current Token Metrics:
Market Cap: ~$800K
Fully Diluted Valuation: ~$11mil
Token Holders: 1870 holders
The $PLOT listing on BitMax is the 1st step in a long-term strategic partnership between PlotX & BitMax. BitMax will further support PLOT staking, with a high-yield pre-staking program.
More details here: https://bit.ly/35r5Qnb
Listing Details
$PLOT will be listed on BitMax.io on 13th November, 2020 at 10 AM EST
BitMax Trading Pair: PLOT/USDT
Current Token Metrics:
Market Cap: ~$800K
Fully Diluted Valuation: ~$11mil
Token Holders: 1870 holders
The $PLOT listing on BitMax is the 1st step in a long-term strategic partnership between PlotX & BitMax. BitMax will further support PLOT staking, with a high-yield pre-staking program.
More details here: https://bit.ly/35r5Qnb
Hey PLOT Heads!
As a run up to the listing of $PLOT on BitMax, the PlotX Team would be participating in an AMA with Bonna Zhu, Asia Head of Business Development at BitMax.io.
Chinese AMA
Timing: Friday, 13th November, 2020 at 7 am EST
Where: BitMax Official WeChat (QR code in the graphic)
English AMA
Timing: Friday, November 13th, at 8 am EST
Where: https://t.me/BitMaxioEnglishOfficial
Top questions will be rewarded 200 PLOT each, so come on over and ask us all your questions!
As a run up to the listing of $PLOT on BitMax, the PlotX Team would be participating in an AMA with Bonna Zhu, Asia Head of Business Development at BitMax.io.
Chinese AMA
Timing: Friday, 13th November, 2020 at 7 am EST
Where: BitMax Official WeChat (QR code in the graphic)
English AMA
Timing: Friday, November 13th, at 8 am EST
Where: https://t.me/BitMaxioEnglishOfficial
Top questions will be rewarded 200 PLOT each, so come on over and ask us all your questions!
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$PLOT now trading on BitMax.io 💱
PLOT/USDT pair is now live for trading on BitMax.io! Trade your heart out.
To celebrate the listing, 2 trading events have been launched by BitMax with rewards upto $50,000.
You can find more details about them here: https://bit.ly/PlotXonBitMax
Another milestone crossed. Thank you PLOT Heads!
Product Stat of the Day📊
Over $60k worth of ETH and PLOT have been used for Predictions till now.
PLOT/USDT pair is now live for trading on BitMax.io! Trade your heart out.
To celebrate the listing, 2 trading events have been launched by BitMax with rewards upto $50,000.
You can find more details about them here: https://bit.ly/PlotXonBitMax
Another milestone crossed. Thank you PLOT Heads!
Product Stat of the Day📊
Over $60k worth of ETH and PLOT have been used for Predictions till now.
Last week in PlotX 👇
💸 $PLOT Listed on BitMax!
More than $50k in rewards up for grabs by trading PLOT. Learn more
🗳 First on-chain community vote for PlotX was successfully passed
Become a part of the discussions here
🚜 The PlotX Liquidity Mining program extended for 2 more months
Get your new farms set up right away! More details here
📊 PlotX Beta crossed 300 unique users!
Head over to the App to #PredictOnPlotX
RT: https://twitter.com/TryPlotX/status/1328319358901239809
💸 $PLOT Listed on BitMax!
More than $50k in rewards up for grabs by trading PLOT. Learn more
🗳 First on-chain community vote for PlotX was successfully passed
Become a part of the discussions here
🚜 The PlotX Liquidity Mining program extended for 2 more months
Get your new farms set up right away! More details here
📊 PlotX Beta crossed 300 unique users!
Head over to the App to #PredictOnPlotX
RT: https://twitter.com/TryPlotX/status/1328319358901239809
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PlotX Liquidity Mining Program is back on CoinGecko 🚜
How to access:
1. Head to https://www.coingecko.com/en/yield-farming
2. Search for PLOT
3. Check the real-time APY and total value locked
Setup your own PLOT farm now:
liquidity.plotx.io
Read more about the PlotX liquidity mining program:
https://docs.plotx.io/plot-token-1/liquidity-mining
📊 Product Stat of the Day
~500k PLOT have been distributed as Liquidity Mining rewards till now!
How to access:
1. Head to https://www.coingecko.com/en/yield-farming
2. Search for PLOT
3. Check the real-time APY and total value locked
Setup your own PLOT farm now:
liquidity.plotx.io
Read more about the PlotX liquidity mining program:
https://docs.plotx.io/plot-token-1/liquidity-mining
📊 Product Stat of the Day
~500k PLOT have been distributed as Liquidity Mining rewards till now!
📝 Reducing Gas Costs in PlotX Prediction Markets - PlotX Improvement Proposal (PIP)
What is the PIP about?
This PIP is for optimizing the PlotX Smart Contracts to reduce gas costs for creating markets, participating in markets, and claiming rewards.
Abstract
This proposal details an optimization strategy for PlotX Smart Contracts to reduce the cost of interaction with the smart contracts, i.e., the gas cost spent in PlotX market creation, making predictions and claiming rewards.
The following areas are identified for optimization:
- Converting multiple market contracts to a single market contract
- Removing the Leverage functionality
- Implementing Deposit & Predict functionality
- Using accrued rewards for placing predictions without the need of claiming
- Change in option price calculation
Voice your opinion of this PIP in the PlotX Research Forum: https://research.plotx.io/t/pip-reducing-gas-costs-in-plotx-prediction-markets/50
What is the PIP about?
This PIP is for optimizing the PlotX Smart Contracts to reduce gas costs for creating markets, participating in markets, and claiming rewards.
Abstract
This proposal details an optimization strategy for PlotX Smart Contracts to reduce the cost of interaction with the smart contracts, i.e., the gas cost spent in PlotX market creation, making predictions and claiming rewards.
The following areas are identified for optimization:
- Converting multiple market contracts to a single market contract
- Removing the Leverage functionality
- Implementing Deposit & Predict functionality
- Using accrued rewards for placing predictions without the need of claiming
- Change in option price calculation
Voice your opinion of this PIP in the PlotX Research Forum: https://research.plotx.io/t/pip-reducing-gas-costs-in-plotx-prediction-markets/50
PlotX Receives a Process Quality Score of 88%!
DeFi Safety, a project bringing transparency around the security practices of projects, has reviewed the code quality of PlotX and given it a rating of 88%.
This score highlights how the PlotX tech team has been following good development practices along with clear documentation.
Here are the scores of some other DeFi projects that have also been reviewed by them:
Aave - 84%
Balancer - 74%
Curve Finance - 68%
Compound Finance - 88%
Nexus Mutual - 87%
Read the report here: https://docs.defisafety.com/finished-reviews/plotx
RT: https://twitter.com/TryPlotX/status/1329753110365962241
DeFi Safety, a project bringing transparency around the security practices of projects, has reviewed the code quality of PlotX and given it a rating of 88%.
This score highlights how the PlotX tech team has been following good development practices along with clear documentation.
Here are the scores of some other DeFi projects that have also been reviewed by them:
Aave - 84%
Balancer - 74%
Curve Finance - 68%
Compound Finance - 88%
Nexus Mutual - 87%
Read the report here: https://docs.defisafety.com/finished-reviews/plotx
RT: https://twitter.com/TryPlotX/status/1329753110365962241
📝Change the Market Cycle from 1 hour to 4 hours - PlotX Improvement Proposal
What is the PIP about?
This PIP is for increasing market cycle from 1 hour to 4 hours, providing market creators enough opportunity to promote and generate liquidity in their market
Abstract
This proposal describes the need for providing 4-hour markets such that the window for participation is sufficient for liquidity to build up. Longer markets also provide the opportunity for market creators to attract additional liquidity from their network.
This goes very well with the following 2 other PIPs that are in execution:
• Gas optimization proposal that is focused on reducing gas usage in the protocol
• Increased market creator incentives aligned to appropriately compensate users for creating markets and attracting liquidity
Voice your opinion of this PIP in the PlotX Research Forum:
https://research.plotx.io/t/pip-change-the-market-cycle-from-1-hour-to-4-hours/53
What is the PIP about?
This PIP is for increasing market cycle from 1 hour to 4 hours, providing market creators enough opportunity to promote and generate liquidity in their market
Abstract
This proposal describes the need for providing 4-hour markets such that the window for participation is sufficient for liquidity to build up. Longer markets also provide the opportunity for market creators to attract additional liquidity from their network.
This goes very well with the following 2 other PIPs that are in execution:
• Gas optimization proposal that is focused on reducing gas usage in the protocol
• Increased market creator incentives aligned to appropriately compensate users for creating markets and attracting liquidity
Voice your opinion of this PIP in the PlotX Research Forum:
https://research.plotx.io/t/pip-change-the-market-cycle-from-1-hour-to-4-hours/53
PlotX Research
PIP: Change the Market Cycle from 1 hour to 4 hours
Preamble PIP Number: PIP15 Title: Change the Market Cycle from 1 hour to 4 hours Simple Summary Increase market cycle from 1 hour to 4 hour market to provide enough opportunity for market creators to promote and generate liquidity in their market Abstract…
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The Big PlotX Update
PLOT Heads spoke and we listened! 👂
After a lot of analysis and community feedback, we are bringing some major updates to the PlotX Beta with the aim of increasing liquidity and improving the user experience.
- Hourly markets to be replaced by 4-hour markets ⏲
- A new gas optimisation strategy ⛽
- Increasing Market Creation Rewards 🤑
- New social media share buttons for markets 📢
- Ability to use pending rewards to make predictions 😎
- Deposit & Predict 💳
4-hour markets, new market creation rewards and social share feature are live in action right now!
Rest of the updates will be live as part of the gas optimisation update in the next 2 weeks 💪
Read more: https://medium.com/plotx/the-big-plotx-update-4acaa8eb592a
RT: https://twitter.com/TryPlotX/status/1330871909907529730
#PredictOnPlotX
PLOT Heads spoke and we listened! 👂
After a lot of analysis and community feedback, we are bringing some major updates to the PlotX Beta with the aim of increasing liquidity and improving the user experience.
- Hourly markets to be replaced by 4-hour markets ⏲
- A new gas optimisation strategy ⛽
- Increasing Market Creation Rewards 🤑
- New social media share buttons for markets 📢
- Ability to use pending rewards to make predictions 😎
- Deposit & Predict 💳
4-hour markets, new market creation rewards and social share feature are live in action right now!
Rest of the updates will be live as part of the gas optimisation update in the next 2 weeks 💪
Read more: https://medium.com/plotx/the-big-plotx-update-4acaa8eb592a
RT: https://twitter.com/TryPlotX/status/1330871909907529730
#PredictOnPlotX
Join us for a live AMA with Chainlink!
Ish Goel, cofounder of PlotX, will be participating in a live AMA with the good folks at Chainlink.
We'll be discussing a range of topics including our Chainlink integration, the big update we announced yesterday and our future roadmap!
Timing: 3:00 pm UTC, 24th November 2020
RSVP: https://events.chain.link/e/mjkqez/
RT: https://twitter.com/TryPlotX/status/1331194116273704963
Ish Goel, cofounder of PlotX, will be participating in a live AMA with the good folks at Chainlink.
We'll be discussing a range of topics including our Chainlink integration, the big update we announced yesterday and our future roadmap!
Timing: 3:00 pm UTC, 24th November 2020
RSVP: https://events.chain.link/e/mjkqez/
RT: https://twitter.com/TryPlotX/status/1331194116273704963
chain.link
Events | Chainlink
Together with our community, Chainlink is revolutionizing the way digital agreements are created around the world. Explore our upcoming events across the globe.
📢 $PLOT staking is now live on BitMax 📢
✅ 40% APR
✅ 90 day staking period
✅ Daily reward distribution cycle
Start Date: 25th Nov, 2020
End Date: 25 Feb, 2021
More details here
RT: https://twitter.com/TryPlotX/status/1331618455599030272
#PredictOnPlotX
✅ 40% APR
✅ 90 day staking period
✅ Daily reward distribution cycle
Start Date: 25th Nov, 2020
End Date: 25 Feb, 2021
More details here
RT: https://twitter.com/TryPlotX/status/1331618455599030272
#PredictOnPlotX
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Road to Gas Reduction on PlotX ⛽️
#1 Removing the Leverage Feature
As we work to release the gas optimized version update of PlotX soon, sharing an important change upfront - Removal of the Leverage Feature.
Read more here
RT: https://twitter.com/TryPlotX/status/1332274076530872320
#PredictOnPlotX
#1 Removing the Leverage Feature
As we work to release the gas optimized version update of PlotX soon, sharing an important change upfront - Removal of the Leverage Feature.
Read more here
RT: https://twitter.com/TryPlotX/status/1332274076530872320
#PredictOnPlotX
A PLOT Head (Kwoz) has initiated a BTC/USD market!
This is the beginning of the much awaited market creation rewards system - Kwoz is eligible to receive up to 5% of the rewards pool (apart from the gas reimbursement) for creating the market 🤑
Do you think Bitcoin will bounce back from the dump? 🔮
Market 👇
What will be the value of BTC on Sun, 29 Nov 2020 14:00:00 (UTC)?
#PredictOnPlotX and get rewarded
https://app.plotx.io/leaderboard/0xB8B381BC0Bf67152BCF5bf4a1F421846e2EBFcA9
This is the beginning of the much awaited market creation rewards system - Kwoz is eligible to receive up to 5% of the rewards pool (apart from the gas reimbursement) for creating the market 🤑
Do you think Bitcoin will bounce back from the dump? 🔮
Market 👇
What will be the value of BTC on Sun, 29 Nov 2020 14:00:00 (UTC)?
#PredictOnPlotX and get rewarded
https://app.plotx.io/leaderboard/0xB8B381BC0Bf67152BCF5bf4a1F421846e2EBFcA9
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Road to Gas Reduction on PlotX ⛽️
#2 Introducing Circling Back Rewards on PlotX
Now, You can #PredictOnPlotX using ETH and PLOT from your pending rewards WITHOUT having to make a separate claim transaction.
Read more here
RT:
https://twitter.com/TryPlotX/status/1334769771917713409?s=20
#PredictOnPlotX
#2 Introducing Circling Back Rewards on PlotX
Now, You can #PredictOnPlotX using ETH and PLOT from your pending rewards WITHOUT having to make a separate claim transaction.
Read more here
RT:
https://twitter.com/TryPlotX/status/1334769771917713409?s=20
#PredictOnPlotX
Tune in to the TDe.fi International 'Pitch Day' and catch the exclusive AMA session with PlotX CEO and co-founder Ish Goel.
⏲ December 4th, at 6:00 PM (UTC)
Watch the live feed here - https://bit.ly/2L0l9LC
⏲ December 4th, at 6:00 PM (UTC)
Watch the live feed here - https://bit.ly/2L0l9LC
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Road to Gas Reduction on PlotX ⛽️
Stop #3 - Announcing the Deposit & Predict feature!
Now, deposit your $ETH and $PLOT in the PlotX smart contracts once and subsequently use them to make several predictions at a much cheaper gas cost 💪
Read more here
RT: https://twitter.com/TryPlotX/status/1335970482265329666?s=20
Stop #3 - Announcing the Deposit & Predict feature!
Now, deposit your $ETH and $PLOT in the PlotX smart contracts once and subsequently use them to make several predictions at a much cheaper gas cost 💪
Read more here
RT: https://twitter.com/TryPlotX/status/1335970482265329666?s=20