BTC Transaction

Menu
  • Home
  • About Us
  • Categories
    • Bitcoin
    • Token
    • Trading
    • Crypto News
    • Crypto How Tos
    • Online Investment
    • Cryptocurrency Apps
    • Cryptocurrency Guides
    • Cryptocurrency Mining
    • Cryptocurrency/Cryptocoin
    • Cryptocurrency Exchange/Crypto Wallet
    • Reviews
  • Advertise with Us
  • Contact Us
Menu
Uniswap of Prediction Markets, Non-Custodial PlotX, To Be Listed on BitMax

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

Posted on November 13, 2020 by Martin

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.’

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

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 give 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 enables 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 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

Recent Posts

  • The Reason Behind Luna’s Huge Price Fall?

    The Reason Behind Luna’s Huge Price Fall?

  • Why don’t we use the NFT verse to create the most exciting NFT K-Drama possible?

    Why don’t we use the NFT verse to create the most exciting NFT K-Drama possible?

  • Second City “Plans to Launch a True Metaverse with Infinite Possibilities that Bridges Reality and Virtuality”

    Second City “Plans to Launch a True Metaverse with Infinite Possibilities that Bridges Reality and Virtuality”

  • IDO Launchpad Development: How To Start a Multi-chain IDO Launchpad?

    IDO Launchpad Development: How To Start a Multi-chain IDO Launchpad?

  • Reasons to Look up to the NFT Drop of the World’s First NFT Cricket Game

    Reasons to Look up to the NFT Drop of the World’s First NFT Cricket Game

Categories

  • Bitcoin
  • Blockchain
  • Crypto How Tos
  • Crypto News
  • Cryptocurrency Apps
  • Cryptocurrency Exchange/Crypto Wallet
  • Cryptocurrency Guides
  • Cryptocurrency Mining
  • Cryptocurrency/Cryptocoin
  • Insurance
  • NFT
  • Online Investment
  • Reviews
  • Token
  • Trading

Top Posts

  • Safest Digital Currencies to Invest in

    Safest Digital Currencies to Invest in

  • Sign Up to Secure Trading from Pump & Dump Situation

    Sign Up to Secure Trading from Pump & Dump Situation

  • The Best Crypto App to Stay Up to Date with the Latest News, Price and Other Info

    The Best Crypto App to Stay Up to Date with the Latest News, Price and Other Info

  • CryptoFifa:Football NFT GameFi on its way to Rock the Crypto World

    CryptoFifa:Football NFT GameFi on its way to Rock the Crypto World

  • Solana SPL is coming to AscendEX

    Solana SPL is coming to AscendEX

Archives

©2022 BTC Transaction | Design: Newspaperly WordPress Theme