SX #64 - The SX Open

Novelty Markets, SX Merge

SX Network Research Team

Aug 25, 2023

🎾 The SX Open

The Grand Slam is back! Top tennis talent heads to New York to compete for the US Open title. All SX users can join for a chance to win their share of $10,000 in bet credits!

This is a RETURN tournament, only wagers on the ATP and WTA US Open will count toward your standing. Only single bets will qualify for this tournament (parlays not included). Users must make three bets to qualify for prizes.

Join

🆕 Novelty Markets

SX Bet has added novelty markets to the platform with two new categories: protocol fees, and box office revenue.

🎥 How much money will the most popular movies gross each weekend?
💸 Bet on the Protocol Fees of Ethereum, Bitcoin, Friend Tech, and more!

Let us know in the troll box or on Discord what markets you would like to see added next.

🤝 The SX Merge

The SX merge is underway and the previous staking contract has reached the end of its rewards cycle. To continue earning rewards, unstake your SX tokens and delegate them to our current validators.

✅Phase 1 August 17th: Out With The Old — Current staking yield will be turned off

✅Phase 2 August 21st: Scaling Fee sharing — Increase reward share to stakers to 25%

Later this month fee sharing will increase for validators (and stakers!) and more validators will be onboarded.

SX validators will receive SX Bet protocol fees post-merge, making SX one of the first fully vertically-integrated app chain in the world. SX holders will be able to delegate their staked SX to any validators to receive a share of validator revenue.

For more information on the SX Merge check out the full article.

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 $355,000,000 in betting volume since its inception.