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At its essence, PlotX is a decentralized prediction market protocol that provides a unique platform for users to engage in forecasting crypto asset prices. Unlike traditional financial markets, where prices are influenced by a handful of institutional movers, PlotX democratizes the prediction process, allowing any user to contribute their predictions and potentially earn rewards for accurate assessments.
Utilising Automated Market Making (AMM) algorithms, the platform creates and settles markets seamlessly and does so without the burden of counter-party risk. This means that users can make predictions on various crypto pairs without having to rely on other market participants to fulfill their trades. Markets on PlotX operate on specific time intervals, including one hour, one day, and one week, making it an agile environment for forecasts.
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