Journey so far
When we drafted the PlotX initial roadmap in 2020, we were just a bunch of folks inspired by how the wisdom of the crowd can influence righteous decision-making. We were also inspired by the simplistic genius of the AMM algorithm of Uniswap, wanting to build a clean & fun prediction markets experience using AMM for crypto traders.
Here’s a snapshot of our 2020 roadmap, and corresponding ““ on items that have been completed as of 30th March 2021).
Over the last 6 months, community feedback has shaped a lot of what PlotX is now. From introducing Participation Mining, to changing market cycles to optimizing the smart contracts for reducing gas costs, to moving over to an L2 solution - community inputs have been key to all big decisions of this project.
Current Status of PlotX
The PlotX smart contracts are open-sourced and bustling with activity as we design an EVM compliant cross-chain solution for scaling PlotX. Feel free to explore the code repo at PlotX · GitHub
Here’s a revamped Roadmap that we’ve been working on behind the scenes, once again with “” marks to showcase items that have been completed by 30th March 2021.
Here’s a summary of items completed during Jan-Mar 2021:
Designing v2 with a focus on cross-chain scaling of PlotX Prediction Markets.
a. Research on various L2 scaling options like zkRollups, Optimism, PoS chains like Polygon, xDAI and separate ecosystem chains like Binance Smart Chain, Heco and Polkadot.
b. Migration & Deployment of PlotX on Polygon.
c. Implementation of gasless transactions on Polygon
Mega improvements in UX
a. Integration with Magic Link for the simplest ever wallet experience in DeFi
b. Design & Development of a completely new UX for easier than ever predictions
Adding More Utility for $PLOT
a. Staking on UniFarm to give token holders the ability to farm multiple additional tokens
b. Designing a pooled staking model for market creation - to be launched soon.
a. Partnership with Findora to explore anonymous on-chain predictions
b. Partnership with Chainlink to get the most decentralized price feeds on Polygon
c. Partnership with Transak for fiat on-ramping - launching soon
Announcing a new product feature - Pre-market asset predictions
a. Beta testing of Pre-market asset predictions - a new and exciting type of prediction market to enable price discovery of yet-to-launch tokens
Adding more markets to the PlotX prediction markets
a. On v2, users can add almost any type of prediction market to predict on, with or without decentralized oracles.
Important: PlotX v2 will be released on the Polygon network soon. The much-awaited v2 testnet will be live for private beta testing on 1st April 2021 #cantwait
What’s next? Choose Your Adventure!
When I was a kid, I used to love reading the ‘choose your adventure’ novels where the reader decided what route the protagonist in the story would take. It made the entire experience a lot more fun!
We’re trying something similar with the PlotX Roadmap. I’ve listed down some of the ideas we are keen to work on starting April 2021.
While we’re confident of being able to deliver these, we would love for the PlotX community to be a part of designing the roadmap. Share your thoughts and suggestions in the comments below. Choose your next adventure!
Launch PlotX v2 on Polygon
a. The PlotX v2 testnet goes live on 1st April 2021.
b. We plan to launch the PlotX v2 on the Polygon mainnet hopefully by the mid / end of April.
c. We also plan to launch a $PLOT/USDC pair on Quickswap for launching a PLOT market on the Polygon Network.
Launch Positions Trading Engine
a. Ability to trade positions in/out of the prediction markets, making it easier for users to enter/exit the markets.
Launch of Pooled Staking for Market Creation and liquidity provision
a. The ability for token holders to deposit PLOT under a common pool creates markets on PlotX with incentives that can provide a handsome APY for pool liquidity providers while solving for the capital efficiency of prediction markets.
Launch PlotX v2 on Binance Smart Chain
a. The PlotX v2 has been designed with a cross-chain architecture. We are now in a position to migrate to an EVM compliant chain quickly to test how user acquisition gets a boost.
b. In that spirit, we can launch on the BSC along with launching a $PLOT pair on Pancakeswap to initiate a trading market on BSC, followed by a BSC deposit & withdrawal functionality on the PlotX v2 app.
Launch PlotX v2 on Huobi Chain (Heco Chain)
a. Just like for BSC, we can also launch on Heco Cain along with launching a $PLOT pair on MDEX / LAVA to initiate a trading market on Heco, followed by a Heco deposit & withdrawal functionality on the PlotX v2 app.
Launch of PlotX pre-market asset predictions
a. Price discovery for pre-IDO tokens. A very interesting use-case for prediction markets to assess the community sentiment of a pre-market asset.
b. Price discovery for NFTs. Artists face a hard time in deciding how to value their work. Price discovery for NFTs using prediction markets can change that.
Design User Levels & integrate NFTs to the PlotX ecosystem
a. Rare collectables/badges for top players, community members, token holders
Adding perpetual prediction markets
a. Prediction markets that don’t have an expiry date, make it much more capital efficient.
Research & design of a decentralized house approach for PlotX
a. Always liquid markets with transparent probability calculations.
Design & Launch a Referral program
a. The ability for users to invite others & earn
Social Tokens (shhh…)
Let’s get the ball rolling. Share your thoughts, critique, ideas on how to shape PlotX as we enter April 2021.