PlotX Announcements
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The Official PlotX Community Announcements
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$PLOT now trading on BitMax.io ๐Ÿ’ฑ

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 Day๐Ÿ“Š
Over $60k worth of ETH and PLOT have been used for Predictions till now.
Last week in PlotX ๐Ÿ‘‡

๐Ÿ’ธ $PLOT Listed on BitMax!
More than $50k in rewards up for grabs by trading PLOT. Learn more

๐Ÿ—ณ First on-chain community vote for PlotX was successfully passed
Become a part of the discussions here

๐Ÿšœ The PlotX Liquidity Mining program extended for 2 more months
Get your new farms set up right away! More details here

๐Ÿ“Š 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 ๐Ÿšœ

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

๐Ÿ“Š Product Stat of the Day
~500k PLOT have been distributed as Liquidity Mining rewards till now!
๐Ÿ“ 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
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
๐Ÿ“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:

โ€ข Gas optimization proposal that is focused on reducing gas usage in the protocol
โ€ข 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
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The Big PlotX Update

PLOT Heads spoke and we listened! ๐Ÿ‘‚

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 โฒ
- A new gas optimisation strategy โ›ฝ
- Increasing Market Creation Rewards ๐Ÿค‘
- New social media share buttons for markets ๐Ÿ“ข
- Ability to use pending rewards to make predictions ๐Ÿ˜Ž
- Deposit & Predict ๐Ÿ’ณ

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 ๐Ÿ’ช

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
๐Ÿ“ข $PLOT staking is now live on BitMax ๐Ÿ“ข

โœ… 40% APR
โœ… 90 day staking period
โœ… 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 โ›ฝ๏ธ
#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 ๐Ÿค‘

Do you think Bitcoin will bounce back from the dump? ๐Ÿ”ฎ

Market ๐Ÿ‘‡
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 โ›ฝ๏ธ
#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.

โฒ 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 โ›ฝ๏ธ

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 ๐Ÿ’ช

Read more here

RT: https://twitter.com/TryPlotX/status/1335970482265329666?s=20
๐Ÿ”ˆHey PLOT Heads!

We need your support to get PlotX (PLOT) listed on DeFi Platform, Zapper!

Weโ€™re giving away 500 bPLOT split between five random users who help with the listing. The promotion will run for 48 hours, and then weโ€™ll choose the winners and get in contact with you!

What you need to do:

1. Upvote on Zapper: https://features.zapper.fi/token-protocol-requests/p/please-add-plotx-plot
2. Follow our Twitter: https://twitter.com/TryPlotX
3. Re-tweet with Comment & #PredictOnPlotX: https://twitter.com/TryPlotX/status/1330871909907529730 
4. Fill out the form below and you are eligible!

Link to form: https://forms.gle/vRmYquCQSvqWUdv37


RT: https://mobile.twitter.com/TryPlotX/status/1336985927017631744
Predictions on PlotX, now cheaper than Uniswap trades ๐Ÿค‘๐Ÿค‘

YES! The much awaited PlotX Big Update is here. Hereโ€™s what it means for you:

๐Ÿข 54% reduction in gas cost. Making a prediction now costs ~150,000 in gas. This is cheaper than making a Uniswap trade (~180,000)

๐Ÿข Deposit & Predict, now live! Get your ETH & PLOT ready for depositing in the non-custodial PlotX smart contracts for a seamless prediction experience.

๐Ÿข Reuse of Prediction Rewards, now live! Reuse your earnings from predictions to make more predictions :)

Hereโ€™s a snapshot of all thatโ€™s changing:
https://medium.com/plotx/on-reducing-gas-costs-reward-mining-some-christmas-cheer-af9698d7e1ec

Read till the end for a big surprise!
Free Predictions for Everyone - Announcing the 3 day PLOT Carnival

Christmas season is here! To celebrate the Big PlotX Update, weโ€™re launching a 3 day carnival to fully reimburse userโ€™s gas fees on PlotX

Here is whatโ€™s in store for you:
- Gas fee for all predictions will be reimbursed for 3 days
- Referral bonus of 5% of total reimbursement per referral
- Carnival start time: 12 pm UTC, 15th Dec 2020
- Carnival end time: 12 pm UTC, 17th Dec 2020

PLOT Play 3 Day Carnival - Predict, Win, Repeat

Register here: https://forms.gle/nadbA1pun1PPYjdS9

More details: https://medium.com/plotx/plot-play-carnival-free-predictions-for-everyone-53e872ad0971

RT: https://twitter.com/TryPlotX/status/1337703770369581056?s=20

#PredictOnPlotX
๐ŸŽ– And, we have the Winners!

๐Ÿค— A big thank you to all PLOT Heads for their active participation in the Zapper Giveaway contest.

Here are the 5 lucky winners who will share a reward pool of 500 bPLOT equally among them:

@bit_99
@kwozymoto
@Bumbr
@HuyHoang
@Captain_America07

Congratulations to all the winners. Rewards will be distributed soon ๐ŸŽ‰


The best way to earn rewards is to #PredictOnPlotX
The second best way is to follow
our official handles for more such exciting contests!

Telegram
Discord
Twitter
$PLOT now available on Zapper.fi!

Thanks to our community effort, $PLOT is now available on Zapper.fi

What you can do on Zapper.fi?
- You can trade $PLOT
- Provide liquidity in $PLOT/$ETH pool with any ETH based crypto-asset
- Track and Manage your $PLOT Investment & Liquidity Portfolio

Check out here: https://zapper.fi/invest

RT: https://twitter.com/TryPlotX/status/1339537172051869696

Happy Trading!

#PredictOnPlotX
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Road to Gas Reduction on PlotX โ›ฝ๏ธ

Stop #4 - Updating the Option Pricing

Take a look at the new and improved option pricing mechanism that not only saves gas costs but also adjusts dynamically in accordance with the market participation.

Read more here

RT: https://twitter.com/TryPlotX/status/1341061119993999360?s=20

#PredictOnPlotX