We are pleased to announce our next AMA on September 28th 2020 at 2:00 PM UTC Time: Satoshi Club x PlotX
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Plotx Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 4 Questions will be selected from our website – please submit your questions in the comments section of this post. 2 Question will be selected from
Part 2: 100$/10 users – Open chat for 80 seconds. You can post Max 5 questions. PlotX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about PlotX
For more details:
PlotX – @plotx_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Now predictions are only available for the BTC-USDT market. Are you planning to add other cryptocurrencies or even other events for which you can make predictions?
The instructions say that the user can buy the prediction positions using ETH. It would be convenient to add other ways to fund the account, because Ethereum now has very high transfer fees. Do you plan to implement this?
what’s the transaction volume to sustain the operations of the system ? What other prediction market is being plan ?
Now the biggest challenges for DeFi are in addressing scalability & high gas fees which can ruin some business models! How are you going to deal with this problem? Can PlotX provide greater scalability and lower gas fees?
Nowadays there are many useless DeFi projects popping up! Please tell us what makes PlotX trustable as a long term project for users and investors?
The DeFi space is very young and is changing rapidly. How flexible are PlotX products and tools to adapt to changes in the DeFi crypto space?
Why have you chosen predictions games as an initial focus for PlotX? How does that specific use case demonstrate the unique value proposition of the platform?
Can you explain more about the mechanism of prediction in your platform? What is the structure of this feature in your platform? Do you plan to expand another entity like staking or lending in PlotX?
PlotX has two tokens, PLOT & bPLOT. Can you please explain the usefulness of the two tokens & how does PlotX strike a good balance between technological development and token value enhancement?
How does PlotX Dispute Resolution work when users disagree with the outcome of a given market?
Why does PlotX use the Automatic Market Maker (AMM) model and not the classic order book system? What are the advantages of this model?
I see that PlotX has some competitors like Augur, Synthetix and HXRO. So how are you different from them and what other features can we expect from PlotX?
I heard that PlotX is using L2 scaling solutions. So why and how is L2 scaling solutions beneficial for PlotX?
What features has Plot X that are ahead of the competition and how does Plot X intend to open up the technology to the community and to researchers so it can be continuously improved on?why have you chosen the ETH blockchain over other Comparatively faster and Scalable chains and do you have plans for mainnet to Migrate and will there be staking opportunity with Plot, how will the staking work?
What are your views about Decentralised Finance? Are PlotX interested in it? What are the future Scopes?Do you have any future plans to work in DeFi with PlotX Technology?
• What platform do you use to determine BTC pricing and be able to distribute the rewards to the right predictions?
• If PlotX is a decentralized platform, what is the purpose of the leaderboard? What kind of information is displayed there? How do you recognize who are the most profitable? Is a pseudonym used?
• In order of priority, what is the number 1 priority for PlotX? Is it on your list to implement new trading pairs?
Looking at their website I noticed that they only have the option for BTC and USDT. Do you only work with these two currencies? Or do you have in mind to provide your services to others who require it?
The main problems of traditional forecasting markets are: counterparty risk, high cost, inability to show proven fair deals and liquidity. How does PlotX address this issue on its platform? What do you do to solve it?
Can you list 1 or 2 of the #PlotX lethal features to make it stand out from the competition? What competitive advantage does your platform have that makes you feel most confident in yourself?
Regarding your partnerships with Matic / Govblock / Venrai, what strategies are you employing to achieve greater adoption that benefits all the projects involved?
We all know that DeFi will not replace Traditional finance, so how does PlotX seek to create an ecosystem that will allow both to interoperate together?
Is it possible to use PlotX from my smartphone? Do you have any kind of app or is it necessary to login from the website directly?
PlotX has two tokens, PLOT & bPLOT. Can you please explain the usefulness of the two tokens & how does PlotX strike a good balance between technological development and token value enhancement?
Why did you decide to use GovBlocks for governing PlotX protocol and to manage all of its decisions? Why GovBlocks?
We all know that DeFi will not replace Traditional finance, so how does PlotX seek to create an ecosystem that will allow both interoperate together?
What have been the biggest challenges that PlotX has presented in recent months for the adoption to be successful and what market strategies are you developing for the next year?
DeFi is currently a trending topic in the blockchain technology ecosystem, what are your expectations on it for the near future and for the next few year, and what is the role of PlotX in it?
As I am a developer with knowledge of programming languages such as solidity, C ++, Java etc., can I create Dapps on your platform ? And HOW easy to create dapps on you platform?
Since PlotX is mainly a prediction based community platform, are there any plans to connect the community more? Like a social media type system where people can share ideas within?
Have you considered the opportunity of cooperation with iExec? Or any other crypto based cloud provider like Golem?
Not quite sure of the reliability and functionality of the algorithm utilised in PlotX. But for new users coming on board, what are the possible risks accomplished with PlotX “Prediction Market” that they should be aware of before starting?
What developments may PlotX offer in the field of forecasting markets? How does PlotX replace the overall DeFi environment and what are your ambitions in the next few years?
What kind of unique features does PlotX have over its competitors on the market? How do you plan to increase the demand of $PLOTX tokens in the future?
On moving forward through your roadmap, what are your most important next priorities? Does PlotX team have enough fundamental ( Funds, Community, ect ) to achieve those milestones?
Before becoming an investor, users want to know the development roadmap of Plotx. Can you recommend Plotx’s roadmap? What are the major milestones for Plotx in 2020?
What is the difference of Plotx compared to other projects? Is Plotx confident in competing with competitors? How does Plotx attract more users?
As we know, every successful project has a few stories behind the scenes, what’s the story behind PLOTX success? Are there any special upcoming from PLOTX Updates that you want to show/share with us?
Do you have any #Plotx Coin Burn / BuyBack system or any Token Burn planning to increase the value of Token & attracts Investor to investment ?
I want ask one simple question there are many projects are targeting same thing (Pridication Market)what is unique or advanced features you have given to our community interest?
There are 3 core issues prevalent in crypto and blockchain: Security,Interoperability, and Scalability. How does PlotX plan to overcome
these issues?
What do I need to use PlotX? Is it necessary to have an advanced knowledge in trading? Or do you have an interactive and easy to understand platform for newcomers?
How does PLOTX derivatives market protect speculators from major losses in derivatives? What are the risk control mechanisms?
What unique features does PLOTX have available from other prediction platforms that are not available in the market and does this Platform require KYC Verification that has a Level like other Exchanges?
We all know that DeFi will not replace Traditional finance, so how does PlotX seek to create an ecosystem that will allow both interoperate together?
Marketing strategy is very important. A product can be established on the market without marketing and promotion, whatever it is good. So what are your plans for this? How will you build strong relationships with communities?
How secured and safe is the PlotX’s platform for the users? Have you done constant security audits by a third party? How about the transparency regarding the team behind the platform?
What competitive advantages does PlotX have over similar projects like Augur? Can you name 1-3 PlotX functions that are ahead of the competition?
I am not good at prediction but it seems PlotX is interesting to join, so how can you recommend PlotX to me and what is the best attribute that it has? Is there any guidelines to follow before predicting the price in the market?
What is the utility of your native token PlotX ? Also what special features do you have or plan to implement that keeps you ahead of your competitors?
Your protocol has been designed so that any mathematical price can be established, in the market, but this is directly proportional to the adoption and connection you have with your community, how will you achieve this?
Will the team expect that many new startups will turn up and participate, from a start-up project to a mainstream project, becoming a leader in the industry?
PlotX is built by and for the Ethereum community.. Does this rule out the possibility of PlotX using other platforms and Tokens other than ERC-20 Tokens? If No what plans do you have in this regards
What are some of the pricing oracles that PlotX is using to ensure correct pricing and on-chain price discovery of assets on the PlotX platform?
As part of the preparation for PlotX mainnet launch PlotX engaged ZK labs to perform an audit on its codebase,. Were there issues discovered during this audit? How were this issues resolved and are you now more confident that your codebase is free from vulnerabilities?
Can you explain more about the PLOT HEAD ALPHA CHALLENGE, what are the modalities involved in joining and become an alpha
Does PLOTX offer the option whereby I can monetise my predictions in options, how do I get started
Who are your partners, as no one achieve anything of value on its own, can you share about your present and future partnerships as well
Is your platform a binary option, can we only play on the price of bitcoin, or is it possible to play on the price of altcoins and your token?
Your platform looks a little too simple, what innovations can we see soon?
really what is the mission and vision of PlotX? just become the best Trader DeFi prediction platform that helps its users make better trades?
on their website they say that PlotX looks for “Fast Markets of 1 hour, 1 day and 1 week”, it is great, but for those lovers of scalping, can you enjoy predictions in seconds and minutes? or will you have to use trading bot?
How much will be the minimum and maximum amount of gas that it will cost to carry out any operation including forecasting services? Could they cost more than the same operating profit?
How can being community managed help a Trader prediction platform? would they vote for example “whether to add or remove the tokens available to trade”? or what else?
Why really trust PlotX predictions? on what base the predictions offered? are they 100% reliable? or what% of reliability do you have?
really why develop this trading platform with the ETH chain? simply to be decentralized? or what other benefits do you get?
In their Whitepaper they say that Trading CeFi’s projections will decrease considerably due to three major problems, but is this true? is it proven in any study? Why have I really kept making good profits with CeFi Trading?
really why restrict% leveraged to just 20%? why not allow up to 100%? Or is it that PlotX does not have the resources to liquidate those profits?
In the event that the operations do not turn out according to the predictions given by PlotX, can the users issue a formal claim to the project and thus be able to reduce the losses obtained? o PlotX is not responsible for results?
Can you tell some about the governance of PlotX ecosystem please? Who is in charge of governing the system, what is needed to be eligible for being authorized?
How does it become functional with the continuous prediction algo system and what kind of contribution does it contribute to the Auto Marketer ecosystem?
The risk expectations of users differ. How does PlotX measure users’ return expectations and determine forecast markets based on risks?
How can you ensure the accuracy and transparency of transactions obtained by automated market makers? Is there a risk of miscalculation of transactions?
Why should I connect my wallet with PlotX, what does it provide? Isn’t it risky for me in terms of privacy and security?
What is “Positions Trading”? Who is it for and what are the benefits?
What is $bPLOT token? Why did you need a second token? How can it be redeemed?
Do I pay for making prediction, if yes is it fixed or up to my preference? If it is free, then how do you pay the rewards?
What are the advantages of PlotX which is a decentralized prediction protocol, compared to traditional prediction systems?
How do we Play Guess the price in Alpha Plot X.
are there any conditions?
What about the place feature Guess the price is it safe from hacker attacks and is there insurance if hit by a hacker attack?
Yesterday, KucoiN Market was hit by a hacker attack,
How can all the security features of plotX be trusted in security in hacking?
Defi coins are becoming a hot issue these days. So what is the plan that PlotX is trying to increase its market dominance? And What will be the plan for the PlotX project in the fourth quarter of 2020?
What is more secure to connect with PlotX metamask or Trustwallet? What wallet is commonly connected with your platform?
How much the minimum and maximum amount to bet with PlotX in prediction?What currency can we use? Can you describe the hedging risks in selecting market duration in PlotX?
How risky is to participate or join in prediction market like PlotX especially market is so volatile? Do you have any risk control? What if prediction is not correct, what is the consequences? Is there a limit in times for prediction?
To use plotX platform do user need to provide Private key or API?
How does PlotX ensure security of user asset?
How does PlotX platform prevent user from having problem with market delays and overload problems during high volatility movement?
What is the basic mechanism that plotX use in order to validate PlotX prediction?
What is the main reason behind PlotX acting as a non-custodial prediction protocol? Which high-yield prediction markets are currently on PlotX and what is the process of adding these markets like can I add Prediction contest for Trump VS Biden?.
PlotX website talks about use of Automated Market Making, Risk Spread Mechanism, Liquidity Mining and Reward Schema. What do these different features function in PlotX and are they unique to you or your competitors also utilize them?
Recently Vitalik Buterin tweeted this, ”Honestly prediction markets may be the one of the most underrated categories of ethereum dapps right now. Omen and Augur v2 are both running and have active markets with pretty decent liquidity; go ahead and try them!”. In terms of competition how will PlotX fair against them and gain liquidity and active users given that most users try to avoid prediction markets as it involves either high degree of analysis or high luck?
What are the other benefits of tokens? can you guys give more details?