Quick demo clip
If you selected “Up“, you win the contract payout when the exit spot price is strictly higher than the entry spot (price rised during contract).
If you selected “Down“, you win the contract payout when the exit spot price is strictly lower than the entry spot (price fell during contract).
Example of a real DOWN winning contract
The payment time is the timestamp event when we receive your payment in Bytes for the contract.
The start time is the timestamp event when your contract enters into effect. If you selected “Now” when purchasing the contract, then the start time is the payment time. If you selected a delayed start (from 1 hour to 5 hours) then the start time equals the payment time + the selected delay. On the above example chart, the trader selected a one hour delay from the payment time. The payment was received at time 07:30:01 and the contract started at 08:30:01.
The contract end time equals the contract start time + the contract duration (from 1 hour to 5 hours). On the above example chart, the trader purchased a two hours contract so the contract ended 2 hours after its start time, that is to say it ended at 10:30:01
An oracle tick (or simply a “tick”) is an asset value, out of the data feed values published at regular intervals by CoinMarketCap. Each data feed contains all underlying assets values. A tick is expected to be posted each 5 minutes in average (may vary). Binaryballs has absolutely no link with CoinMarketCap so the tick values are out of our control and do reflect true markets events.
The entry spot is the first oracle tick of your contract underlying asset after the start time.
The exit spot is the last oracle tick of your contract underlying asset before your contract end time.
The stake is the amount invested by the trader upon contract purchase.
The net return is the net profit payed to the traded in case of a winning contract.
The payout is the total paid to the trader in case of a winning contract. Payout = stake + net return.
Example: A winning contract of 78.9% with a 1GBytes stake will award you a 789 MBytes net return and generates a payout of 1.789GBytes. The net return is fixed upon contract purchase. Its value is function of the selected underlying asset, the contract duration and the market conditions at the time of the contract purchase.
Note: A contract will be refunded at the purchase price if there are less than 4 oracle ticks between the entry and the exit spot.