PLOT
ShitCoin
Reputation Ratings

PLOT

PlotX
Website https://plotx.io/
Browser
OTH RELPs
Github
White Paper
Avg Price
+2.09%
1D

$ 0.007892 USD

$ 0.007892 USD

Market Cap

$ 582,067 0.00 USD

$ 582,067 USD

24h trading volume

$ 53,437 USD

$ 53,437 USD

7d Vol

$ 774,491 USD

$ 774,491 USD

Circulating supply

66.318 million PLOT

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.007892USD

Market Cap

$582,067USD

Volume of Transaction

24h

$53,437USD

Circulating supply

66.318mPLOT

Volume of Transaction

7d

$774,491USD

Change

24h

+2.09%

Number of Markets

21

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

1

Last Updated Time

2020-10-22 09:08:19

Language Involved

JavaScript

Agreement

--

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WikiBit Risk Alerts

1
Previous Detection 2024-06-13

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

Historical Price

Introduction

Markets

3H

+0.49%

1D

+2.09%

1W

+12.74%

1M

+1.8%

1Y

-87.48%

All

-96.88%

Aspect Information
Short Name PLOT
Full Name PlotX
Founded Year 2020
Main Founders Team of developers formerly associated with Nexus Mutual
Support Exchanges Kucoin, Balancer, Gate.io, etc.
Storage Wallet Trust Wallet, Metamask, and Coinbase

Overview of PlotX(PLOT)

PlotX (PLOT) is a blockchain-based prediction protocol aimed to enable users to predict future events in the cryptocurrency market. It operates on the Ethereum blockchain and it's powered by the PLOT token. Launched in 2020, PlotX is modelled on the functionality of prediction markets and seeks to connect traders directly on its platform without an intermediary. The platform allows participants to bet on various outcomes for cryptocurrency prices within determined future timespans. The PLOT token serves as the native currency of the platform and is used for placing predictions, governance voting, and receiving rewards. The project was developed by experienced blockchain developers formerly associated with Nexus Mutual, a popular insurance platform operating on Ethereum. PlotX, like all projects of its kind, inherently carries a level of risk due to the volatile nature of the digital asset market.

Overview of PlotX(PLOT)

Pros and Cons

Pros Cons
Prediction market model offers potential for returns Dependent on cryptocurrency market volatility
Decentralized and autonomous system No control over investment losses
Facilitates peer-to-peer betting Subject to Ethereum network congestion and fees
Operates on the secure Ethereum blockchain Risk of total loss based on market fluctuations
Governance and reward system through PLOT token Potential for token value fluctuation

Pros:

1. Prediction Market Model: PlotX operates on a prediction market model, which provides users with the potential for returns based on their ability to accurately predict future events in the cryptocurrency market.

2. Decentralization: As a decentralized and autonomous system, PlotX allows for direct peer-to-peer interactions without the need for an intermediary. This model fosters transparency and security.

3. Peer-to-Peer Betting: The platform enables users to place bets against each other on future cryptocurrency prices, providing a unique way for users to engage with the market.

4. Ethereum Blockchain: By operating on the Ethereum blockchain, PlotX benefits from the security and smart contract capabilities of this established network.

5. PLOT Token: PlotX's native PLOT token allows for governance and reward system on the platform, providing another avenue for user involvement in the platform.

Cons:

1. Market Volatility: Like all cryptocurrency platforms, PlotX is susceptible to the volatility of the digital asset market. This volatility can significantly impact user returns.

2. Risk of Loss: As with all forms of investment, users risk losing their investment based on market fluctuations. PlotX does not have any measures in place to prevent these potential losses.

3. Ethereum Network Issues: Since it runs on the Ethereum network, PlotX is subject to issues such as network congestion and high transaction fees, particularly during periods of peak use.

4. Financial Risk: There is always a risk with decentralized betting platforms like PlotX that users can lose the entirety of their funds due to rapid and extreme market fluctuations.

5. Token Value Fluctuation: The platform's utility and governance token, PLOT, is also subject to market fluctuations. Potential volatility of the PLOT token value might affect the overall experience on the platform.

What Makes PlotX(PLOT) Unique?

PlotX (PLOT) presents an innovative approach to cryptocurrency by coupling the concept of a prediction market model with the blockchain technology underlying cryptocurrency. Its uniqueness lies in its nature as a decentralized prediction platform that allows users to predict future events related to cryptocurrency pricing. The mechanism of peer-to-peer betting is facilitated through the use of smart contracts on the Ethereum network, which distinguishes it from traditional betting platforms.

Moreover, the use of its native coin PLOT as not only a means for placing predictions but also for governance voting and reward accumulation highlights another significant differentiator of PlotX from conventional cryptocurrencies. Most cryptocurrencies are simply mediums of exchange or stores of value, whereas PLOT has an active utility within the PlotX ecosystem, impacting the platform's direction via governance votes and enhancing user participation through incentivization.

However, like any other project based on Ethereum, it inherits the challenges associated with Ethereum's network congestion during peak times which could affect transaction speed and costs.

It is important to note that although it employs innovative mechanisms, like all cryptocurrencies, it is subject to market volatility and should be approached with due diligence. Despite its innovative approach, it is not immune to the financial risks inherent to the world of digital assets.

How Does PlotX(PLOT) Work?

PlotX (PLOT) functions as a decentralized prediction market built on Ethereum blockchain technology. It applies the principles of automated market making (AMM) to create, settle markets and distribute rewards on the platform in a fully decentralized and autonomous manner.

The core working principle revolves around predicting cryptocurrency market outcomes within defined future timespans. Users are allowed to participate in prediction markets based on the future values of cryptocurrencies. Participants need to stake PLOT tokens, the platform's native cryptocurrency, to cast their prediction according to the future price of a particular cryptocurrency.

Once the staked period concludes, the protocol uses Chainlink's live spot price oracle to determine the market outcome. The platform then autonomously calculates and distributes the rewards to the appropriate prediction winners, meaning users who predicted the outcome correctly. All these processes are accomplished via smart contracts, ensuring a transparent, trustworthy, and tamper-proof system.

PlotX also includes other features like unique prediction options, such as non-leveraged predictions and a mechanism to enable only a single position in a market by a user to encourage fair play. The PLOT token also empowers holders with governance rights, allowing them to vote on platform updates, and changes.

Circulation of PlotX(PLOT)

The price of PLOT has fluctuated significantly since its launch, reaching all-time highs of over $18 in November 2021. However, the price has since fallen back down to around $0.50 as of October 14, 2023.

There is a mining cap for PLOT. The maximum supply of PLOT is 100 million coins. Once all 100 million coins have been mined, no new coins will be created.

The total circulating supply of PLOT is currently around 50 million coins. This means that half of the maximum supply of PLOT has already been mined. The remaining 50 million coins will be mined gradually over time.

Exchanges to Buy PlotX(PLOT)

Here are some cryptocurrency exchanges that generally provide comprehensive trading options for a wide range of tokens:

1. Kucoin: Known for listing a wide range of tokens, Kucoin offers numerous trading pairs often with its native KCS token, BTC, ETH, and USDT.

2. Binance: Considered one of the largest and most popular cryptocurrency exchanges globally, Binance provides numerous pairs including popular ones like BTC, ETH, BNB, and USDT.

3. Mobula: A regulated exchange based in the US, Gemini supports a variety of cryptocurrencies with pairs often available in USD, BTC, and ETH.

4. Uniswap: Uniswap is a decentralized trading platform known for its liquidity provision model. Uniswap supports typically facilitating trades in the ETH/BMI pair.

5. Balancer: Balancer is another decentralized exchange that supports, allowing holders to trade their tokens against various other cryptocurrencies.

6. Gate.io: This exchange platform also commonly offers trading pairs with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

7. Coinbase: Known for its user-friendly platform, Coinbase offers a variety of cryptocurrency trading pairs including BTC, ETH, and its native USD Coin (USDC).

8. Flooz: This exchange offers various cryptocurrency trading pairs and supports multiple fiat currencies like USD, EUR, and GBP.

9. OKEx: OKEx supports a wide variety of cryptocurrencies and usually provides trading pairs with BTC, ETH, USDT and its native OKB token.

10. Hodlx: Hodlx supports a wide variety of tokens and coins and offers advanced trading features. It often supports trading pairs with its native token, HT, along with BTC and ETH.

Exchanges to Buy PlotX(PLOT)

Please note that the availability of PLOT on these exchanges and the corresponding trading pairs offered can vary and should be checked directly on the respective exchanges.

How to Store PlotX(PLOT)?

You can store PLOT tokens in various digital wallets like Trust Wallet, Metamask, and Coinbase. These wallets not only allow you to buy and sell cryptocurrencies, but they also provide a means to safely store your digital assets. Just make sure to follow all necessary precautions to keep your wallets secure and always back up your wallet to prevent any potential loss of your assets.

How to Store PlotX(PLOT)?

Should You Buy PlotX(PLOT)?

PlotX (PLOT) could be appealing to individuals who have a keen interest in the prediction market model and the blockchain technology world, especially those who enjoy the challenge of predicting future events in the cryptocurrency market. It could also be interesting for users who believe in the potential of a decentralized, peer-to-peer platform in the betting space and want to be a part of such an initiative.

However, as with all investments in the crypto market, it is necessary to consider that the cryptocurrency market, including PlotX, is highly volatile and could produce considerable risk. It's essential to conduct thorough research, understand the market, and stay updated with the latest news before making any investment decisions. Here are a few tips:

1. Understanding of Blockchain and Cryptocurrency Trading: Due to the nature of PlotX, a basic understanding of blockchain technology, smart contracts, and how cryptocurrencies work is essential before investing.

2. Market Research: Before buying, understand the project. Read their white paper, check out their team, examine their roadmap, and keep up with the latest updates from the company.

3. Financial Stability: Only invest money that you can afford to lose. The crypto market is known for its volatility, unpredictability, and potential to lead to substantial financial loss.

4. Risk Management: Diversify your portfolio. Do not invest your entire capital into a single asset, even if it seems promising.

5. Security Awareness: Be aware of the security measures necessary when dealing with cryptocurrencies. Make sure to store your PlotX (PLOT) tokens in secure wallets.

6. Advice from a Financial Advisor: If you're still unsure, it's always a good idea to speak with a financial advisor or someone knowledgeable about cryptocurrencies.

Remember, purchasing cryptocurrencies like PLOT should not be seen as a quick way to achieve profit, but rather as a long-term investment that carries risk. It's vital to only invest what you are willing to lose.

Conclusion

PlotX (PLOT) is a blockchain-based prediction protocol launched in 2020. It operates on the Ethereum network and aims to connect participants directly on its platform to predict future cryptocurrency market events. Offering a decentralized, peer-to-peer betting system and utilizing a native currency (PLOT) for placing predictions, governance, and reward distribution, the project shows an innovative approach to the application of blockchain technology.

However, like all cryptocurrencies, PlotX and its PLOT token inherently carry risks due to volatile market conditions. The value of PLOT, like any other token, could either appreciate or depreciate, depending on a range of factors, including market demand, the overall health of the crypto market, and the development and success of the platform itself.

Moreover, despite its innovative mechanism and the experienced team behind it, PlotX has to navigate potential challenges associated with Ethereum's network, such as congestion and high transaction costs during peak times.

The project's long-term prospects depend largely on broader adoption of its platform, continued enhancements to its protocol, and navigational decisions made by the governing body of PLOT token holders. Future earnings or profits from investments in PlotX (PLOT) are highly subjective and depend entirely on individual investment strategies, market behavior, and the future development of the platform. Therefore, due diligence and careful market analysis are crucial for anyone considering an investment in PLOT.

FAQs

Q: How does PlotX (PLOT) differentiate itself from other cryptocurrencies?

A: PlotX stands out with its unique combination of a prediction market model and blockchain technology, as well as its PLOT token's dual role in user prediction and platform governance.

Q: What kind of wallets are suitable for storing the PLOT token?

A: Trust Wallet, Metamask, and Coinbase.

Q: What advantages does PlotX (PLOT) offer its users?

A: PlotX provides features such as decentralized and autonomous operations, peer-to-peer betting and a governance system through the PLOT token.

Q: How can one buy PlotX (PLOT)?

A: For purchasing PLOT, potential investors should refer to recognized exchanges that list the token, and the specific method will vary depending on the platforms' regulations and offerings.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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BIT2158673401
Got scammed. Cannot withdraw. Luckily I just invest a little
2023-05-22 06:07
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