PlotX
Crypto Overview
Purpose and Utility
PlotX is a decentralized prediction protocol launched in 2020, designed to enable users to make predictions on various market outcomes. The PLOT token serves as the platform's governance and utility token, used for staking, fee payments, and protocol governance.
Business Model Analysis
The core functionality of PlotX revolves around prediction markets where users can predict outcomes of various financial markets. The platform operates as a prediction market protocol, which fundamentally constitutes a form of betting on market outcomes.
Real-World Adoption and Development
The project shows limited recent development activity on its GitHub repositories. The platform's social media presence and community engagement have significantly decreased since 2021, suggesting minimal current adoption.
Token Distribution and Governance
The PLOT token was initially distributed across various stakeholders including team members, advisors, and community participants. The token serves governance functions within the protocol's ecosystem.
Crypto Impact
To assign a comfort level investing in PlotX from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to PlotX.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.