Tutorial

Core Mechanism

V1: Contract Mode

In Contract Mode, users predict market direction (up or down) for the next time interval and open a position at the current price within the settlement period. Users can choose position values of 0.1 BTC, 1 BTC, or 5 BTC, each corresponding to different margin requirements and leverage levels. All positions, whether long or short, are automatically closed at the end of each settlement period, and the user’s Profit and Loss (PNL) is calculated based on the price movement. Profits are returned after deducting the margin. Even if losses exceed the margin amount during the settlement period, the position will not be forcibly closed mid-cycle.

V2: Betting Mode

In Betting Mode, users operate without leverage, with both long and short participants staking funds to speculate on the asset's price movement. Positions can be opened at any time during the settlement period, with the entry price fixed at the period's starting price. However, position opening is only available until the last 10 seconds of the period. At the end of the settlement period, the outcome is determined by comparing the closing price to the opening price. If the closing price is higher, long positions equally share all staked funds from the short side; if it is lower, short positions share all staked funds from the long side. In the rare case of a price tie (down to two decimal places), the result carries over to the next settlement period.