# 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.

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    <figure><img src="https://44597779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZIy5C6Lwu1NAMlM2daao%2Fuploads%2FL0ByyfyeUDTSpWCVE2pQ%2Fimage.png?alt=media&#x26;token=bc740143-b994-468c-8416-a4bd5c36a0d9" alt="" width="375"><figcaption></figcaption></figure>
2. **Freezing Period (50 seconds):**
   *   No orders or cancellations are allowed during this stage. Users simply wait.\


       <figure><img src="https://44597779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZIy5C6Lwu1NAMlM2daao%2Fuploads%2FFlHE6L9KEdobUZDhxsem%2Fimage.png?alt=media&#x26;token=7585bbd7-8257-42c8-b9d2-ff87f5db3305" alt="" width="375"><figcaption></figcaption></figure>
3. **Betting Period (10 seconds):**
   *   The final 10 seconds of asset price movement are displayed, and results are settled after the countdown ends.\
       &#x20;             &#x20;

       <figure><img src="https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NjkzZmMyZDJjMDkxYWQ0YTQyYTJmYmI3Y2IyNWQzMDhfRDRRVzJodGw5aVVjZW5mRW9uZWVBVUpqZENwTHBTRTVfVG9rZW46Rk45bmJTRzQ3b2Z3ZnB4Wk4xRmx0YnliZ25oXzE3MzQ5NTYxMzM6MTczNDk1OTczM19WNA" alt="" width="375"><figcaption></figcaption></figure>

       <figure><img src="https://44597779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZIy5C6Lwu1NAMlM2daao%2Fuploads%2FDpY4SkIunRrb0Ah61ezu%2Fimage.png?alt=media&#x26;token=3278a340-33e3-4422-bd67-e0eb79a2a752" alt="" width="375"><figcaption></figcaption></figure>

### **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.

![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=MTRmOTM0OWI2ZWVhYTM2NTViODQxOTg2MDRiOTIzOWNfdGZHNmRPdTU2TGREQ0RxSkxVQUp3elRaUTMxaGV4c3lfVG9rZW46UW5Wb2JPU1VQb2FzNU94UjIzZmwzRXF6Z2RkXzE3MzQ5NTYxNjY6MTczNDk1OTc2Nl9WNA)                ![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YmU4OWYzOWZiNTNhZjY4MzZkM2ZkMjgyOWI5YzZhYzJfTlBjOXJ1SjNNcVkzY29UWUZsZlA4ZFdlMlF2azZqQXZfVG9rZW46S1J3bmI4ZTE0b0FFaG94MXZUdmxPQlZlZ1hnXzE3MzQ5NTYxODA6MTczNDk1OTc4MF9WNA)

### **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.

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![](https://44597779-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZIy5C6Lwu1NAMlM2daao%2Fuploads%2FAHyuaCfr8o70zdtXFZ2A%2Fimage.png?alt=media\&token=de3dca2d-1da8-4d8a-ab91-5878fc875dba)             ![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YzkxMGU5ZDQ3ZTFlMTg5ZDY0N2QxM2MyYTExZDMxZDNfUURRcXBYdjNRUWtaUVdjZEloMVh0YUtaS1ZGZmtzY3BfVG9rZW46UDRIa2JjZHZDb1cxOEx4N3hoRWx1SDlTZzZjXzE3MzQ5NTYyMTc6MTczNDk1OTgxN19WNA)



### **How to View Personal History:**

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


![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=NGU4NGQ3MTU1ODgwMGJkYzg2YzBlMzUzN2EzNWY3ODBfWnhIWkxQNmZuRm11dmdnektQdmZRSDNWN3hzRThZNVhfVG9rZW46SkxIYmI1VzVab2J5QVh4Mmh6SmxxNTNTZ0xkXzE3MzQ5NTYyNDU6MTczNDk1OTg0NV9WNA)              ![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=M2UwZTllNWI1ZThiYzFiYmM1M2Y0NmM0OWUyMjQ4NWZfdFF6ZnJoQmtwTGl6MFVSM1VRUlBwRWpWc3FXMUZSc0xfVG9rZW46WHVVNmJIRFNrb3FHd3J4NUxqbWxxSHlqZ05iXzE3MzQ5NTYyNDc6MTczNDk1OTg0N19WNA)

### **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.

![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=YjNkZWU5NTdiMDRlYjRkZmQ3OTMwNzQ3MDIyZTIwMjRfVm1lYjdYekg0bmJuSW1wZDc5eTRMOU9qOXhCenVzWGFfVG9rZW46UXZQcWJ5dzgyb1I2TmF4eFpVZGwzWWZQZ1pjXzE3MzQ5NTYyNTc6MTczNDk1OTg1N19WNA)          ![](https://asgrtp0vs153.sg.larksuite.com/space/api/box/stream/download/asynccode/?code=ZDAyODYwMWFkNzFlMzIxOTJmYzM5MzY2MzRkMTZkNjZfRVlBWmQ4akZZUDUxeGd3aVg4WVhlWUw4S2VObUtSQWVfVG9rZW46SGJwUWJXeVIwb2RSZzZ4S1hEV2xSZGJQZ0k0XzE3MzQ5NTYyNjQ6MTczNDk1OTg2NF9WNA)
