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 Token incentives Methodology

## 1. Overview

Token incentives measures the USD value of tokens distributed as rewards by the SX prediction market platform. This metric quantifies the platform's spending on user incentives and liquidity rewards, providing insight into the platform's growth investment strategy. The calculation aggregates daily reward distributions from SX's API and converts them to USD values for standardized reporting.

## 2. Data sources

The calculation relies on the following data sources:
- **SX API data**: Raw token incentive and reward distribution data scraped from SX's proprietary API, containing timestamps, token denominations, and reward amounts
- **End-of-day price feeds**: Token price data used for USD conversion of reward amounts
- **Token metadata**: Information about token decimal places and contract details for accurate amount calculations
- **Chain availability filters**: Data defining which blockchain networks are available for each time period

## 3. Step-by-step calculation

### Component A: Raw incentive data extraction
- **Purpose**: Extracts and standardizes raw token incentive data from SX's API
- **Logic**: The system pulls reward distribution records from SX's API scraper, filtering for records after December 7, 2020. Each record contains a timestamp, token denomination (address), and reward amount. The data is classified with fixed business attributes: prediction market as the business line, prediction markets as the market sector, betting as the business segment, and v1 as the version. The chain is set to Polygon for price calculation purposes, and token addresses are normalized to lowercase.
- **Key fields**: `timestamp` (reward distribution date), `denomination` (token address converted to `token_address`), `rewards` (raw token amount converted to `amount`), and standardized business classification fields

### Component B: USD conversion and decimal correction
- **Purpose**: Converts token amounts to USD values and applies decimal corrections
- **Logic**: The `convert_to_usd_and_correct_decimals` macro processes the raw token amounts by applying appropriate decimal corrections based on token metadata and converting to USD using end-of-day price feeds. The conversion uses Polygon as the reference chain for price lookups. This step ensures accurate USD valuations regardless of the original token's decimal specification.
- **Key fields**: `token_incentives` (the USD-converted reward amount), `chain_id` (adjusted from 'unknown' to the actual chain), and preserved timestamp and classification fields

### Component C: Finalization and gap filling
- **Purpose**: Standardizes the metric schema and ensures complete time series data
- **Logic**: The `finalize_metric_token_incentives` macro applies standard schema validation, ensures all required business IDs are present, and implements a gap-filling strategy using zeros for missing time periods. This creates a complete daily time series where days without incentive distributions show zero values rather than missing records.
- **Key fields**: All standardized metric fields including `token_incentives` as the final USD value, with complete temporal coverage and validated business classifications

### Final aggregation
- **Combining components**: The processed data flows sequentially through extraction, USD conversion, and finalization without additional combining steps since this tracks a single metric type
- **Currency conversion**: Token amounts are converted to USD using end-of-day price feeds with Polygon as the reference chain for price calculations
- **Time aggregation**: Data is aggregated at daily grain boundaries, with gaps filled using zero values to maintain complete time series
- **Final calculation**: The final metric represents the daily USD value of token incentives distributed by SX, with chain availability filters applied and a cutoff date of January 18, 2024 due to API adapter limitations

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

Value of native tokens distributed as incentives.

SXSX

Archived

Token incentives

Token incentives

Competitive landscape

Chain breakdown