PlotX v1, a decentralized non-custodial prediction market protocol was launched on the Ethereum Network on 13th Oct 2020.
The project's CEO, Ish Goel, is the ex-CTO of Nexus Mutual (for 2.5 years), one of the most influential DeFi projects out there that has more than $300m TVL. Ish served as the Lead Engineer during his time at Nexus Mutual.
The PlotX v1 saw an influx of users with a growing TVL of up to $220K in about 2 months of its launch in Oct 2020.
After months of research and development efforts, PlotX v2 has now launched on Polygon, an Ethereum L2 solution for scalability.
The next big milestones after the Polygon launch are to extend support for Binance Smart Chain, Polkadot, Optimistic & zkRollups.
The project has been featured in top publications like Coindesk, Nasdaq, Cryptodaily and covered by Box Mining as well.
Super low market cap <$15mil. Compared to the competitors averaging $100mil, the true potential of the project is yet to be achieved.
The early supporters and the private sale participants showcased their belief in the project, agreeing to remain vested for a period of at least 6 months. The maximum upfront release was restricted to only 20%.
All tokens allocated to the team will remain locked for a period of 12 months and even after the lock-in period, only 10% of the holdings will be liquidated each month. This is designed to ensure maximum incentive alignment for the team towards the project.
Since the token launch in October 2020; the project has been intensely focused on the technology and developing a class platform for crypto traders.
Detailed analysis of thetoken distribution, release schedule and tentative supply shock have been showcased in the tokenomics sheet.
HXRO (https://www.coingecko.com/en/coins/hxro) - $143mil market cap
Augur (https://www.coingecko.com/en/coins/augur) - $162mil market cap
Synthetix (https://www.coingecko.com/en/coins/synthetix-network-token) - $1,626mil market cap
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