Event Contracts：Event contracts are a type of derivative product that defines a specific event in natural language and determines user payouts based on the final outcome of that event. Each pair of event contracts represents a contract with a potential payout of 1 USDT. Users simply choose a direction based on their own judgment and purchase the corresponding contract shares. The current price of the contract reflects the market's collective assessment of the probability of that event occurring. Upon expiration:
- Correct: each contract can be redeemed for up to 1 USDT
- Incorrect judgment: share value goes to zero
Example: Buy 1 share for 0.01 USDT of a call contract; if the prediction holds at settlement, its value becomes 1 USDT.
Event：The definition of a specific topic, which may include one or more markets.
Market：The minimum tradable unit corresponds to a specific question in an event for each market, generating two shares: Bullish and Bearish.
Direction：Bullish (Event occurs) / Bearish (Event does not occur)
Buy Call：If you believe the event will occur, buy call shares at the current price.
Buy Put：If you believe the event will not occur, buy put shares at the current price.
Expiry Settlement：At expiration, the system automatically settles with no manual action required:
- Correct judgement: Each share redeemed for 1 USDT
- Incorrect judgment: share value goes to zero
Current Price：Displays the verified market price, with settlement sourced from Chainlink — specifically, the BTC/USD data feed from https://data.chain.link/streams/btc-usd. Please note that this market tracks the BTC/USD price based on Chainlink data feeds, not prices from other sources or spot markets.
Settlement Price：After market ends, current-price label changes to settlement price. Settlement is sourced from Chainlink, specifically the BTC/USD data feed from https://data.chain.link/streams/btc-usd.
Target Price：The target price is the benchmark for up/down. At settlement, if the price is above the target, it's up; if below, it's down.
Contract Share：The minimum trading unit for Event Contracts is measured in contracts/shares, with a single contract paying up to 1 USDT at maturity. Users can amplify trading profits by purchasing multiple contracts.
Event Cycle：Single trades are valid for short cycles of 5 minutes, 15 minutes, 1 hour, or 4 hours, with settlement triggered immediately when the cycle ends.
Disclaimer
The content provided herein is for reference and educational purposes only and does not constitute any financial, investment, trading, or legal advice, nor does it constitute an offer or solicitation to buy or sell any digital assets. Gate makes no express or implied representations or warranties regarding the accuracy, completeness, or timeliness of the information contained herein. Product features, interfaces, rules, and fee structures may be updated or adjusted at any time. Please refer to the latest announcements and the actual information displayed on the Gate platform for the most accurate details.
Digital asset investments involve significant risk, and prices may fluctuate substantially. You may lose the entire amount of your investment. Please make decisions cautiously based on your own financial situation and risk tolerance after fully understanding the associated risks. If necessary, you are advised to consult an independent professional financial or legal advisor.
For more information about potential risks, please refer to Gate's Risk Disclosure and User Agreement.
