Users bet on the prediction market and receive winnings from other users.

SX is a non-custodial, community-owned sports betting and political prediction market. It is built on SX Network, an EVM-compatible Polygon Edge application blockchain. SX was founded by Andrew Young, Julian Wilson, Jake Hannah, and launched in 2019.

SX tokenholders own and govern the protocol. They currently take all of the total betting fees paid by users (revenue). SX's investors include CMCC Global, Nascent, Sybil Capital, etc.

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Prediction markets

# SX Expenses Methodology

## 1. Overview

The SX expenses metric measures the total USD value of token incentives paid out by the SX prediction market protocol on a daily basis. This metric captures the protocol's operational expenses in the form of rewards distributed to users, providing insight into the cost of user acquisition and retention. The calculation relies on API-scraped data from SX protocol and converts token incentive amounts to USD using end-of-day price feeds.

## 2. Data sources

- **SX protocol API data**: Token incentive reward data scraped from SX protocol's public API, including timestamps, token denominations, and reward amounts
- **End-of-day price feeds**: Token price data used for USD conversion of incentive payments
- **Token metadata**: Information about token decimals and contract addresses for proper amount calculations

## 3. Step-by-step calculation

### Component A: Raw incentive data extraction
- **Purpose**: Extract and standardize token incentive data from SX protocol's API
- **Logic**: Pull raw token incentive data from the SX API scraper covering the period from December 7, 2020 to January 18, 2024 (when API adapter stopped working). Set the chain context to Polygon for downstream price calculations. Classify all activity under the prediction market business line and betting segment. Cast timestamp and reward amount fields to proper data types and standardize token addresses to lowercase format.
- **Key fields**: `timestamp` (reward distribution date), `denomination` (token contract address), `rewards` (raw token amount), `chain` (set to polygon)

### Component B: USD conversion and processing  
- **Purpose**: Convert token incentive amounts from native token units to USD values
- **Logic**: Take the raw token amounts and convert them to USD using end-of-day price feeds matched by token address and date. Maintain original token decimals without correction since the API data is already in proper format. Apply data filtering to exclude records outside the operational date range. Adjust chain information back from the temporary Polygon setting to the actual chain context.
- **Key fields**: `token_incentives` (USD-converted amount), `chain_id` (actual chain), `timestamp_grain` (set to daily)

### Final aggregation
- **Combining components**: The token incentives calculated in Component B are directly used as expenses without additional transformation
- **Currency conversion**: All token amounts are converted to USD using end-of-day price feeds matched by token address and timestamp
- **Time aggregation**: Data is aggregated and reported on daily boundaries using the `timestamp_grain` of 'day'
- **Final calculation**: The final expenses value equals the total USD value of token incentives distributed by SX protocol on each day, with any missing data points filled with zeros to ensure complete time series coverage

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total project operating and incentive expenses.

SXSX

Archived

Expenses

Expenses

Competitive landscape

Chain breakdown