PlotX aims to build a DeFi prediction protocol that is native to the crypto community, with the following key parameters:
>Predictions for digital assets like BTC, ETH and not politics / sports to begin with. >On-chain market creation via smart contracts, unlike market creation via people. >On-chain price per position calculation and instant purchase instead of creation of low liquidity order books. >On-chain market settlement wrapped in a gamified experience with ‘Participation Mining’ inspired by the term ‘Liquidity Mining’.
On PlotX, markets are created automatically on-chain via smart contracts and not via certain individuals (which are the primary trouble-makers in traditional prediction markets).
Okay? So how it is different from projects like Augur, Synthetix, and HXRO?
Jayden Nguyen
Very broad definition! Well I must say that i don't want to take my eyes on this platform! It was good predicting while earning
Jason Perry
That's a good question..
Different from other blockchain-based prediction markets, Plotx uses an Automated market Maker that automatically creates new markets with options and odds, without the need of a counterparty, and hence we draw parallels to Uniswap. Interesting, right?
>>The idea of prediction markets has been very simple - they allow members of a community to use their skills in predicting the outcome of events and get rewarded if they are correct.
>>Participants in a prediction market are motivated to predict as honestly as possible as they have stakes aligned with their predictions, winning or losing based on the accuracy of their predictions.
