# Token Insights

## Key Updates

* 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.

## Key Metrics

* Token Ticker: **$PLOT**
* Token Type: **ERC 20**
* Total Token Supply: **200,000,000 PLOT Tokens**&#x20;
* Initial Market Cap at TGE: **$600,000**
* % Supply Released at TGE: **6%**

For more detailed analysis, check out the [$PLOT Tokenomics sheet](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vSlOUeIJ_rdqlEb79ZxTamG4iptDu6JbbAZleHmYryWHg2Ukdd2y-gsYRM-v5lPMX-TTuilsLjvvnqz/pubhtml).

![](https://2541528769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8vJznkMUrE5dTrNnIh92%2Fuploads%2FjE7Upnpp3pB6YGcgZBVV%2Fimage.png?alt=media\&token=51efb586-8f76-4bf1-ae8f-2395c97df990)

![](https://2541528769-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8vJznkMUrE5dTrNnIh92%2Fuploads%2FD0cFBQuYZcrUS05Lq7th%2Fimage.png?alt=media\&token=bad80c6f-0145-4527-b75d-85f4770419e1)

## Key Insights&#x20;

* 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 the token distribution, release schedule and tentative supply shock have been showcased in the [tokenomics sheet](https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vSlOUeIJ_rdqlEb79ZxTamG4iptDu6JbbAZleHmYryWHg2Ukdd2y-gsYRM-v5lPMX-TTuilsLjvvnqz/pubhtml).
* Competitors:
  * 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

Please stay tuned to the community channels on [Discord](https://discord.gg/cM6yCP5xX8) for the latest updates.