SX #44 - 2023 Product Roadmap is released
Plus the SX Network to Polygon bridge is released on SX!
🚀 SX Product Roadmap is released!
This week, the SX Bet product roadmap was released!
It outlines many of the exciting things that are coming down the pipeline in 2023. The roadmap has been bucketed into three specific, thematic upgrades. Each quarter, one specific aspect of the SX platform will be optimized:
🤝 The Conversion Upgrade (Q1)
The first suite of upgrades will focus entirely on better converting new users into bettors. It includes a number of features, such as:
💰Welcome Bonus 2.0
SX will be relaunching the new user welcome bonus! Welcome bonuses are a key part of incentivizing new users to try out the platform and are commonly used by traditional sports books to entice users to their platform.
🎮 Gamified Onboarding
SX’s new gamified onboarding feature incentivizes users to engage with SX by paying them small rewards for completing different tasks. It is a series of modules with accompanying video tutorials in which users unlock rewards for completing tasks.
🛬 SX Bet Product Landing Page
Web apps like SX Bet are not treated well by search engines, which has been hurting SX on the SEO front. Web apps are limited by their very design in how much information can be shown to a new user.
⛏️ Bet Mining 3.0
Bet mining is one of the most unique features of SX. Community ownership is the core ethos of the entire SX project. However, bet mining is currently far too much of a secret for both our existing users and for new people to the platform. The new bet mining includes claimable rewards, estimated SX bonuses on every bet slip, and a totally revamped design.
📈 The Trading Upgrade (Q2)
The trading upgrade is entirely focused on making SX the best place in the world to trade sports, politics, and crypto events. The upgrade will increase betting volume and liquidity by turning SX from a betting platform into a betting exchange. This upgrade consists of three core features:
The Cashout feature will enable users to sell out of their bets prior to settlement. This radically increases the flexibility of SX; users can now cash out of a bet that they no longer like, lock in profits or losses on a bet if the line moves, etc.
📉 Exotic Crypto Markets
SX’s Crypto Price Markets (CPM) are currently quite limited, with just a few markets per week to bet on. SX currently hosts only 8–10 weekly price markets on BTC and ETH. This upgrade is expected to 100x the number of crypto markets.
🍿 Novelty Markets
Novelty betting markets are not large volume drivers but are incredibly high-visibility within the crypto community. The key to these markets is creating a systematic way to create and settle these markets. New novelty markets include: crypto network markets (gas fees, hashrate, etc.), DeFi-native markets (protocol insurance, TVL, liquidity, etc.) and political, geopolitical, & macroeconomic markets.
🌊 The Liquidity Upgrade (Q3)
The liquidity upgrade is entirely focused on increasing the liquidity of SX by increasing the depth of bet offers available and tightening the spread between them. By increasing liquidity, SX becomes a far more attractive destination for bettors and allows SX to handle larger “whale” bettors that make large bets. It focuses on three core features:
💱 Combined Order Book
There are currently three different betting currencies on SX: USDC, ETH, and WSX. Each currency lives in its own isolated liquidity pool. Bettors looking to find the best odds, have to switch between currencies to surface the best liquidity. The combined order book aggregates each betting currency into one, global order book.
💶 New Betting Currencies
SX has been hesitant to add new currencies to bet with in the past due to the fear of fragmenting liquidity. With the combined order book, new currencies are additive to liquidity, not subtractive. New betting currencies that could be added include MATIC, FRAX, MAI, and WBTC.
🔗 Cross-Chain Betting
One of the largest drawbacks of building out a dedicated app chain is that it creates friction for users with assets on other blockchains that want to access the platform. The goal with cross-chain betting is to enable anyone, from any chain, to place a bet on SX Bet, while avoiding fragmentation by having all bets settle on SX Network.
⚙️ Other Features
There are a number of infrastructure and maintenance upgrades coming down the pipeline in Q1 that will help the platform function better. Some of the maintenance features and bug fixes being worked on at the moment include:
🌉 Fast-exit bridge from SX Network to Polygon
🪂 Automatic SX airdrop to users bridging to SX Network
🏦 Fiat on-ramp built directly into SX Network
👝 Support for Coinbase Wallet, Trust Wallet, Ledger, & other wallets
✅ Status indicator for bets that fail to mine for whatever reason
Finally, there are a number of product features and new markets that will be released throughout the year. These will be added throughout the year depending on timing, priority and bandwidth. These include:
🏟️ Team prop markets for NBA, NHL, NFL, MLB, and Soccer
🥊 Method of victory markets for UFC
📊 Alternative lines for NBA, NHL, NFL, MLB, and Soccer
⛹️♂️ Limited player prop markets for NBA, NFL, and MLB
🤝 Shareable bet offers and bet slips
Going to be a busy year of building for the SX Network ecosystem!
🌉 Bridge from SX Network to Polygon launches!
The first product push of the new year came out earlier today, which included the much requested SX Network to Polygon Bridge!
Now everyone can bridge USDC & ETH in and out of SX Network, straight from Polygon, for a low fee!
About SX Network
SX Network combines smart contracts with an on-chain treasury and prediction market protocol. SX Network is perfect for developers with EVM-compatibility, low-cost transactions, and PoS-based consensus. SX Bet is the largest blockchain betting platform in the world, with over $280,000,000 in betting volume since inception.