Betting Mode Trade
Last updated
Last updated
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:
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.
Freezing Period (50 seconds):
No orders or cancellations are allowed during this stage. Users simply wait.
Betting Period (10 seconds):
The final 10 seconds of asset price movement are displayed, and results are settled after the countdown ends.
During the Bidding Period, click on Long or Short and enter the order amount in the pop-up window to place your order.
To cancel an order, go to the Order Details section and click the Cancel button. A 10% cancellation fee will apply.
Click the Venkate Logo in the top-left corner and navigate to My History to view your transaction 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.
