Notifications
Clear all

Assessment (Tick the appropriate box) * Poll is created on Apr 17, 2021

  
  
  
  
  

PLOT


cryptoquestion
Posts: 14
Topic starter
(@cryptoquestion)
Active Member
Joined: 4 weeks ago

Overview

Prediction market platform.

Description

PlotX is a non-custodial prediction 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 counterparty risk. Markets are focused on crypto-pairs like BTC, ETH, YFI, etc, and are automatically created in intervals of 4 hours, 1 day, and 1 week. PlotX also uses on-chain governance powered by GovBlocks.

Team

A well rounded team who have launched an impressive platform. They appear to have a close eye on regulation having restricted access to high risk countries such as the US. That is a comforting sign for the future.

 

Our Opinion

PLOT is a prediction market platform similar to Augur. Augur is one of the biggest players in this market, but that really isn’t saying a lot. With only $3.3 million of value locked (i.e. money currently committed to positions on its platform), Augur’s valuation of $300 million is obviously based on its potential. PLOT’s value is under 3% of Augur’s. That discount looks excessive to us. There are four exchanges that offer a market in PLOT. It has an all-time high of $0.19, so clearly, now is a good time to buy. We believe a price close to $1 is reasonable for the potential it offers. We have scored PLOT a 7 in terms of risk because it has not proved it can deliver on its model.

Name

PlotX

About Crypto Moonshots

CryptoQuestion’s Crypto Moonshots is the place to go to find undervalued or undiscovered cryptocurrencies. It is a list generated by the community for the community! Whilst this community’s purpose is to find undervalued cryptocurrencies it is also a platform to flag up concerns about tokens so that investors are kept fully informed and avoid scams and other sharp practises. If a project team hasn’t been communicating to its community, flag this up, if there is talk of scam coins let the community know. This way we can make the crypto community a safer place to invest for everyone.

How it works

You are free to add comments and new ‘threads’ (cryptocurrencies). To add comments simply hover over the ticker and double click, that will allow you to review all the comments and add your own. Before your post goes live you first must make an assessment of the coin/token under review – is it: Undervalued, Overvalued, Warning, No Comment. Secondly you must confirm your email. Utilize the search function to look for specific cryptocurrencies before posting about new cryptocurrencies you wish to bring to the communities attention.

 

There is no need to register to review the Crypto Moonshot platform however if you want to receive an update every time there is a comment on a certain coin/token you are following register here for an update. 

A few key points:

 

  • No moderator – the community moderates

  • Anyone can view without registering

  • Community driven

  • We welcome feedback to improve the community 

  • App coming soon

  • A few basic guidelines

     

    Unlike other communities we are not here to monitor you. We want the community to do the talking. In saying that, there are no rules, only a few friendly guidelines. As a community, if you feel we need to add to these let us know. This platform is for you. CryptoQuestion will not interfere in your lively debate unless compelled to by law obviously. We trust that won’t be necessary!

     

    1. If you want to promote your own project please do so but make it clear

    2. Be respectful of each other, no one likes to be called a ‘dick head’ it stops the free flow of ideas which is what we want here

    3. Always do your own research

    4. Remember the power of the crowd – don’t be swept along by it, make your own decisions

    5. Research the exchange that is making a market in the cryptocurrency you are interested in, especially the smaller cryptos. Check online for user feedback

    6. Remember always investing in cryptocurrencies is high risk

WARNING: Moonshots are generated by the crypto community. It is important that you always do your own research. Never invest more than you can afford to lose. The moonshots that appear on this forum are not a recommendation to buy or sell in any way and do not represent financial advice.