SX Weekly #16 - Breaking $100,000,000
SportX hits $100m in all-time betting volume as we recap the best of 2021
📈 SX Snapshot
$SX Token Price: $0.57
SX Betting Volume (7d): $3.65m
SX Treasury Value: $43.3m
🗓 2021 Review
With the new year just a few days away, we’re taking this opportunity to recap the year of 2021 in the SX Network community. It’s been a huge year with a number of milestones achieved, and this is the perfect time for the SX community to take a walk down memory lane. Here are some of the highlights from a tremendous year:
🚀 Jan. 26, 2021: SportX launches the SX Token
After hitting new highs across all key metrics, SportX took the first step towards full decentralization with the launch of the SX token. The token was airdropped to past users of the platform in a large retroactive airdrop and from there, the $SX token was officially live.
🚀 Feb. 12, 2021: SX token launches on QuickSwap
SportX teamed up with QuickSwap as one of their first projects and kick-started the modern-day SX farming ecosystem. At the time, QuickSwap was a very small decentralized exchange and SX token was fairly illiquid, and this partnership helped both projects to grow.
🚀 Nov. 12, 2021: Polygon Announces $500,000 Grant
Polygon contributed $500,000 in MATIC to SportX, which in addition to the $1,000,000 already budgeted for bet mining, brought the total bet mining budget to $1,500,000! Legendary investor Kevin O’Leary also chimed in with a quote: “I’m bullish on SportX, bullish on Polygon, and bullish on the future!”
🚀 Nov. 23, 2021: Exodus Announces SportX Integration
Exodus - one of the largest crypto wallets in the entire crypto space - announced in November that it has now integrated SportX app directly into their wallet application, bringing SportX to their 1m monthly active users. This represented their first Polygon application that they’ve natively supported as well.
🚀 Dec. 28, 2021: SportX hits $100m in all-time bets
After facilitating $10m in total combined bets during 2019 and 2020, SportX growth exploded this year with the community recently surpassing $100,000,000 in total bets since inception! With the bulk of that volume happening in the last few months, SportX can now lay claim to being the largest and fastest growing blockchain-based prediction market in the world!
Thank you to the SX Community on an incredible year. We’re all extremely excited for what the future has to offer, and next week we’ll be focusing on some of the exciting initiatives that are coming underway. Have a great new year and stay tuned for much, much, more!
🏆$50,000 SportX Tour Championship
With the SportX Tour’s inaugural season coming to a close, there is no better way to celebrate than hosting the biggest tournament in SportX HISTORY!
💰 Get $1,000 in Bet Credits for betting in USDC
Go to SportX.bet, deposit USDC, and bet to get $1,000. Full video walkthrough here
💻 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.