Prediction market platform.
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.
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.
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.