SX Weekly #11 - Welcome Exodus!
One of the largest crypto wallets in the world natively integrates SportX
đ SX Snapshot
$SX Token Price:Â $0.71
SX Betting Volume (7d):Â $3.65m
SX Treasury Value:Â $50m
Announcing the SportX + Exodus Integration
Weâre excited to announce that Exodus has integrated SportX directly into their wallet app! Weâre honoured to have SportX be Exodusâ first Polygon integration.
With over 1,000,000 monthly active users, Exodus is one of the biggest non-custodial wallet providers in the world. Built natively into the Exodus wallet, âSportX Liteâ offers a simplified UI where users can bet on the winner of over 2,000 sports and eSports games a week. All bets are placed in Polygon USDC, which can be sent directly to users wallets or exchanged from any of the 138 digital currencies supported by Exodus. Full Details Here
What does this mean for SX?
Similar to SportX, all bets done through Exodus pay a fee to the SX Community Fund. Exodus receives an additional referral fee as well, so they are heavily incentivized to promote the application to their 1,000,000 monthly active users (+500,000 of which are in jurisdictions authorized to access on SportX).
Running some quick numbers can help the community understand the impact of this announcement. There are approximately ~400 monthly active users (MAU) on SportX. The table below shows the number of new SportX MAUs assuming different conversion rates (i.e. % of Exodus MAUs that become SportX users) and the corresponding growth of the SportX community:
As you can see, even fairly modest levels of adoption (+0.10%) from the Exodus community will drive substantial user growth to the platform. Should be noted though that the average Exodus user are almost certainly smaller than the âDeFi-native whalesâ using SportX so the corresponding increase in betting volume will be less.
This integration will take time to mature and for the word to spread we canât expect 100% user growth week-over-week just yet! But itâs clear that todayâs announcement is another huge milestone for SportX and the first step in a long, fruitful partnership with the largest crypto wallet in the world.
đŠ Download the Exodus Wallet here
đ Try SportX First!
đ„ Bet Credit Video Guide
Hereâs our step by step walkthrough on how you can claim your $1,000 Bonus.
đ SX Yield Farming
SX can be used to generate a yield by staking or providing liquidity in the following yield farms. Check out the liquidity channel, staking page or Youtube education series for more info on how to take advantage of these great opportunities.
đ» About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.