Betting Mode Trade

Gameplay:

In the Betting mode, users on both the Long and Short sides wager on the price movement of the underlying asset during the last 10 seconds of a settlement cycle.

  • If the price increases, users on the Long side share the entire pool of funds from the Short side.

  • If the price decreases, users on the Short side share the entire pool of funds from the Long side.

Each settlement cycle lasts for 10 minutes, divided into three stages:

  1. Bidding Period (9 minutes):

    • Users can place orders with any amount.

    • Orders can be canceled during this stage, but a 10% fee will be charged as a cancellation penalty fee.

  2. Freezing Period (50 seconds):

    • No orders or cancellations are allowed during this stage. Users simply wait.

  3. Betting Period (10 seconds):

    • The final 10 seconds of asset price movement are displayed, and results are settled after the countdown ends.

How to Place an Order:

During the Bidding Period, click on Long or Short and enter the order amount in the pop-up window to place your order.

How to Cancel an Order:

To cancel an order, go to the Order Details section and click the Cancel button. A 10% cancellation fee will apply.

How to View Personal History:

Click the Venkate Logo in the top-left corner and navigate to My History to view your transaction history.

How to View Global History:

Below the K-line chart, the results of past settlement cycles are displayed:

  • A red circle indicates the Short side won.

  • A green circle indicates the Long side won. Click on a specific record to view settlement data for that cycle.

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