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Token Insights
- 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.
- Token Ticker: $PLOT
- Token Type: ERC 20
- Total Token Supply: 200,000,000 PLOT Tokens
- Initial Market Cap at TGE: $600,000
- % Supply Released at TGE: 6%
- 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.
- 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
Last modified 8mo ago