PlotX is a DeFi prediction protocol that allows crypto traders to earn rewards by making price predictions of popular cryptocurrencies. According to the whitepaper, the PlotX platform is a non-custodial prediction market protocol that operates on the Ethereum blockchain.

The Plotx network seeks to solve the traditional prediction market problems. The traditional finance market commonly faces three main challenges: counterparty risk, inability to showcase fair settlements, and high costs. These challenges diminish the market’s usefulness and make it unattractive to the users. The PlotX platform intends to solve these problems by building a DeFi prediction protocol native to the crypto community. The modular working mechanisms and community-driven governance model of the PlotX network allows the creation of any crypto pairs in the market. Apart from this, the network also utilizes PlotX smart contracts. The PlotX network offers five key propositions to its users:

PLOT is the native token of the PlotX network. It is an ERC-20 standard token. The objective of introducing the PLOT token is to offer a secure and convenient mode of payment and settlement within the PlotX ecosystem. The PLOT token offers various utilities to its holders, such as AMM mining (incentives of market creators), Referral mining, Community mining (wide distribution in communities), Pay mining (Stake and play), On-Chain Governance, and Liquidity mining.