Uniswap of Prediction Markets, Non-Custodial PlotX, To Be Listed on BitMax

Bluehost.com Ad Advertisement

Uniswap of Prediction Markets, Non-Custodial PlotX, To Be Listed on BitMax

Advertisement

BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of PlotX’s PLOT token under the trading pair of PLOT/USDT on November 13th at 10:00 a.m. EST.

PlotX is a non-custodial prediction market protocol that allows users to create, settle markets, and distribute rewards on the Ethereum Blockchain without any counter-party risk. The platform is the world’s first automated market-making (AMM) driven prediction market, earning it the nickname ‘the Uniswap of prediction markets.’

Prediction markets can be valuable sources of crowd sentiment data given sufficient user participation. PlotX aims to solve the challenges other prediction markets traditionally face in gaining adoption, specifically cumbersome user experiences and illiquid markets. By leveraging automated market making, PlotX can accommodate shorter market cycles, ranging from one week to as little as one hour. Shorter market cycles and an intuitive, “five clicks to predict” user interface gives users more opportunities to participate and encourage higher liquidity on the platform.

The platform’s utility token, PLOT, serves as the medium of exchange between participants in PlotX prediction markets. The token acts as the mechanism for community governance of the protocol and enable holders to participate in multiple reward-generating activities including AMM mining, referral mining, and liquidity mining.

Core components of PlotX, like governance and staking, are built directly on Ethereum, with smart contracts driving instant, on-chain settlement, and rewards distribution. Market creation, participation, and settlement are shifting to an L2 solution for greater speed to accommodate the platform’s hallmark shorter market cycles and reduce gas costs for users.

The launch of PLOT trading on the BitMax platform is the first step in a long-term strategic partnership between PlotX and BitMax. The exchange will support PLOT staking, with a high-yield pre-staking program scheduled for Q4’2020. This listing will open up the PlotX protocol to BitMax.io users while giving PLOT holders additional means to utilize their tokens.

About BitMax.io 

Launched in August 2018, BitMax.io is a leading digital asset trading platform with a broad range of financial products and services for both retail and institutional clients, with robust design ranging from innovative volatility products to margin trading, derivatives trading, staking products, and other investment solutions.

For more information and updates, please visit:

Website: https://bitmax.io
Twitter: https://twitter.com/BitMax_Official
Telegram: https://t.me/BitMaxioEnglishOfficial
Medium: https://medium.com/bitmax-io

About PlotX

PlotX is a live, non-custodial prediction market protocol that enables users to earn rewards on high-yield prediction markets. Dubbed as the Uniswap of Prediction Markets, PlotX uses an Automated Market Making algorithm to create, settle markets and distribute rewards on the Ethereum Blockchain without any counter-party risk. Markets are focused on crypto-pairs like BTC, ETH, YFI, etc and are automatically created in intervals of 1 hour, 1 day, and 1 week.

For more information, please visit:

Website: https://plotx.io
Twitter: https://twitter.com/TryPlotX
Telegram: https://t.me/plotx_official
Medium: https://medium.com/plotx

Featured image from Investopedia

Updated 06:31 PM UTC+8, 15 Nov 2020
Advertisement
Published all Press Release content on kenkarlo.com. Encouraging you, our readers to study caution prior to, considering any involvement with said company, organizations that involves investment mentioned in the published articles. KenKarlo.com is not a subsidiary of any marketing agency, nor owned by any company. Submit your press release on KenKarlo.com.
Advertisement
Advertisement

Featured Stories

Advertisement

Recent Stories

Optimize Your Content for SEO – 5 Free Tools to Get Sta...

Why Do Enterprises Opt For Flutter App Development?

How to Use a VPN to Unblock Geo-Restricted Content

7 Benefits of Staff Augmentation in 2022

Skills and Education to Help You Start a Successful Busin...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Kumu Holdings

Recent Stories

Optimize Your Content for SEO – 5 Free Tools to Get Sta...

Why Do Enterprises Opt For Flutter App Development?

How to Use a VPN to Unblock Geo-Restricted Content

7 Benefits of Staff Augmentation in 2022

Skills and Education to Help You Start a Successful Busin...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Kumu Holdings

Technologies

Why Do Enterprises Opt For Flutter App Development?

How to Use a VPN to Unblock Geo-Restricted Content

The Benefits Of Hiring A Blockchain Marketing Agency

5 Startups You can Describe in your College Paper

4 Ways Your Small Business Benefits From Outsourced Techn...

Advertisement

How To

How Digital Technology Has Changed Photography

A Beginner’s Guide To Law Firm SEO

How to Keep Learning in a Rapidly Changing Technological ...

What is the Most Profitable Way to Gamble in a Casino?

How To Begin Your Startup’s Digital Transformation In 4...

Business

7 Benefits of Staff Augmentation in 2022

5 Guaranteed Digital Marketing Strategies For Your 2022 B...

5 Startups You can Describe in your College Paper

4 Ways in Which Artificial Intelligence Rules Every Busin...

A Beginner’s Guide To Law Firm SEO

Advertisement

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

x
By using this website, you agree to our Terms and Conditions and Privacy Policy.