EPNS and PlotX have teamed up to bring DeFi Prediction Markets push notifications
Decentralized prediction markets are becoming a significant price forecasting tool for not only long-term bets but also short-term spot and day trading as more investors find the capability of decentralized prediction markets to produce accurate market projections. EPNS is delighted to announce the commencement of a pilot program to offer decentralized push alerts to users of PlotX, a cross-chain prediction market protocol for crypto-assets, in order to elevate prediction markets to a professional trading tool.
Purpose of PlotX’s collaboration with EPNS
PlotX makes crypto-asset forecasts possible, such as “What will the price of BTC/USDT be in an hour?”
Crypto traders can forecast the price of popular crypto assets on an hourly, daily, and weekly basis.
PlotX v2 Mainnet went live on May 14, 2021, and in only one week, over 1,000 markets had been created, 6.5k+ predictions had been generated, and over 500k PLOT had been used to make predictions.
Given the platform’s current popularity, PlotX has determined that traders require a push notification service in order to take advantage of trading opportunities on a timely basis without jeopardizing the application’s non-custodial character.
Since they began developing the app in February 2020, providing the easiest, non-custodial experience of generating predictions has always been a high objective. They increased the focus on user experience with PlotX v2, and cooperating with EPNS is another step in that direction. It will allow users to keep on top of all trade opportunities and never miss a PlotX v2 prediction.
Traders will be able to fully profit from oracle price feeds, new markets (hourly, daily, and weekly), rewards distribution, and other significant in-app events thanks to decentralized alerts. This would allow users to stay within the prediction market ecosystem rather than relying on a third-party site for market updates.
EPNS is creating a dedicated channel for PlotX as part of this pilot program. PlotX users can subscribe to the PlotX channel to receive personalized wallet notifications. PlotX will get insight into the push notification demands of users of DeFi prediction markets and what they want from the EPNS protocol through collaboration with the PlotX team.
PlotX is a cross-chain Prediction Market system created by the former CTO of Nexus Mutual (market capitalization >$900 million).
Markets are generated in 1 hour, 1 day, and 1 week intervals and are centered on the most exciting crypto-assets such as BTC, ETH, MATIC, BNB, DOGE, and SHIB.
PlotX, also known as the Uniswap of Prediction Markets, employs an Automated Market-Making algorithm to settle markets and distribute rewards without taking on counterparty risk.
About Ethereum Push Notification Service
EPNS (Ethereum Push Notification Service) is a decentralized notification system that allows any smart contract, dApp, or even traditional service to deliver notifications to wallet addresses that have opted in to receive them from that specific service.