📈 SX Snapshot
$SX Price: $0.52
SX Betting Volume (7d): $1.43m
SX Treasury Value: $34.72m
🚀 Year End Projections: 100/100/100 club
$100M in SX Betting Volume
The primary goal for 2021 is to surpass $100m of betting volume on SX Protocol by the end of the year. Increased marketing spend, a strong fall/winter sports calendar, and a new user sign-up incentivize program launching soon are the main drivers to the increased betting activity on SportX and the SX protocol. As of September 13, 2021 the protocol has processed just shy of $55m in bets.
100 Apps on SX Network
After hitting the original goal to have 10 apps announce their plans to build on SX Network before launch with projects #9 and #10 being announced this week, expectations have been recalibrated. With up to 20 teams currently in talks to deploy on SX Network, the new goal is to hit 100 applications on SX Network by the end of 2021.
$100m in TVL on SX Network
The continued development of apps on SX Network should increase the number of users and push Total Value Locked (TVL) on SX Network to over $100m by the end of 2021. Moving SportX, the SX Network community fund and SX Staking to SX Chain will bring over $60m in TVL to the chain on day 1. With the success of the SX Network applications and their respective users, the SX Network should hit north of $100m in total value locked by the end of 2021.
📰 SX Network News
🚀 Impermax launching on SX Network
Impermax is an automated crypto lending platform for users of Uniswap and other decentralized exchanges. It provides first-of-its-kind benefits to both lenders and borrowers. Impermax is an amazing addition to the DeFi community on SX Network, full details available here.
🚀 Announcing launch of the SX Stablecoin
xDollar will be launching a new SX stablecoin on SX Network in a joint partnership with the SX Community Fund. The SX stablecoin will be collateralized entirely by the SX token. SX holders can now access liquidity on their holdings without having to sell their tokens. Full details of the partnership available here.
📈 SX listed on XT.com exchange
The SX token was listed on the XT.com cryptocurrency exchange on Friday. XT.com is a small centralized crypto exchange based out of China with thousands of Asian customers. In conjunction with the listing, XT.com is conducting a variety of marketing campaigns including a trading contest, AMA, and press releases to facilitate liquidity formation. Read more about the listing here.
🎙️ SX Network September Community Call
Andrew Young, project lead and co-founder of SX Network, gave the community an update on everything happening in the ecosystem. Check out the video below for the SX Network September update call:
💰 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.
💻 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.