Plotus

PlotX, operating under the domain plotx.io, positions itself as a decentralized prediction market protocol. Founded in 2020 by Ishank Singh, Nitika Arora, and Satheesh Ananthasubramanian, the platform allows users to speculate on the future value of various crypto assets, including Bitcoin (BTC) and Ethereum (ETH), within short timeframes ranging from one hour to one day. The founding team brings a blend of entrepreneurial and technical experience to the venture. Prior to PlotX, they collaborated on a blockchain-based decentralized loans-as-a-service platform, providing them with foundational experience in the decentralized finance (DeFi) space. This background directly informs the development and structure of PlotX.

The core of the business revolves around a peer-to-peer prediction market where participants can place bets on the future price movements of digital currencies. This model targets cryptocurrency traders and enthusiasts who are looking for alternative ways to engage with the market beyond traditional trading. The platform operates on a decentralized framework, aiming to provide a transparent and community-governed environment for its users. Revenue generation is tied to the platform's native utility token, PLOT, which is integral to the ecosystem for placing predictions, earning rewards, and participating in governance decisions.

The service offered by PlotX is a gamified trading experience. Users can predict whether a crypto asset's price will rise, fall, or stay within a certain range over a set period. The platform provides automated market making (AMM) to facilitate the creation of prediction pools and ensure liquidity. A key feature is its on-chain governance, which allows PLOT token holders to vote on platform developments, such as new market additions or changes to settlement logic. This approach aims to differentiate PlotX from centralized betting platforms by giving control to its user community.

Keywords: prediction markets, DeFi, crypto assets, decentralized finance, peer-to-peer betting, blockchain protocol, utility token, on-chain governance, automated market making, cryptocurrency trading