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FAQ
PlotX is a DeFi prediction protocol that allows crypto traders to earn rewards by making price predictions of popular cryptocurrencies. According to the whitepaper, the PlotX platform is a non-custodial prediction market protocol that operates on the Ethereum blockchain.
The Plotx network seeks to solve the traditional prediction market problems. The traditional finance market commonly faces three main challenges: counterparty risk, inability to showcase fair settlements, and high costs. These challenges diminish the market’s usefulness and make it unattractive to the users. The PlotX platform intends to solve these problems by building a DeFi prediction protocol native to the crypto community. The modular working mechanisms and community-driven governance model of the PlotX network allows the creation of any crypto pairs in the market. Apart from this, the network also utilizes PlotX smart contracts. The PlotX network offers five key propositions to its users:
PLOT is the native token of the PlotX network. It is an ERC-20 standard token. The objective of introducing the PLOT token is to offer a secure and convenient mode of payment and settlement within the PlotX ecosystem. The PLOT token offers various utilities to its holders, such as AMM mining (incentives of market creators), Referral mining, Community mining (wide distribution in communities), Pay mining (Stake and play), On-Chain Governance, and Liquidity mining.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.