# 1 Minute Option

* Predict next-minute prices for crypto assets (Expires every minute)
* Trade as much as you want - just choose <mark style="color:red;">**Under**</mark> or <mark style="color:green;">**Over**</mark> starting NOW

### **Waiting minutes too boring? Trade in SECONDS**

* Make predictions on price changes of various coins/tokens for a maturity of max 2 minutes.

<figure><img src="/files/ZBao03lMqkQBjb8CVK7M" alt=""><figcaption></figcaption></figure>

* **Strike Price**: Current Price (=price of asset @ timestamp of order submission)
* **Expiry Price:** Price of Asset @ End of Round
* **Input Amount**: Amount users are willing to trade, to enter the position.
* <mark style="color:red;">**Under**</mark>**&#x20;or&#x20;**<mark style="color:green;">**Over**</mark>**:** Users can enter positions in either up/down of Current Price, upon their market view on the asset price movement until expiry
  * <mark style="color:green;">**Over**</mark>, if users think the Expiry Price > Strike Price
  * <mark style="color:red;">**Under**</mark>, if users think the Expiry Price < Strike Price
  * ex) Buying BTC/USD OVER @ 11:05:05 means you think BTC/USD at 11:07:00 will be higher than the price at 11:05:05
* **Payout**: At expiry, user will receive the payout as displayed above the order buttons if the price of such coin/token;

  * **ends higher** than the Strike Price, for an <mark style="color:green;">**Over**</mark> position.
  * **ends lower** than the Strike Price, for an <mark style="color:red;">**Under**</mark> position.
  * In other cases, users receive payout of 0 (zero).
  * *Payout for each asset is subject to dynamic change without notice, based on market volatilities (capped to 40% of Input Amount)*

### Structure of "1 Minute" Rounds

Each Round lasts up to 2 minute. For each round, users can actively **trade** during the **first minute** (including position closes), while the **remaining minute** is the **waiting** period for the trade result.

For example, assume it's 01:00:00 UTC.

* You can submit an order at 15s of a round (01:00:15) and close before 1m (01:00:59). In this case, payout is locked-in at the position close.
* You can submit an order at 15s of a round (01:00:15) and submit another order at 40s of a round (01:00:40), and wait for the remaining 1m 20s until the trade result. In this case, your payout will be decided at the expiry (01:02:00).

While each round's duration is total 2 minutes, new round starts every minute. So you can still trade for the next round while waiting for the current round's result.

(\*Submitted orders cannot be cancelled. It can only be closed with a real-time payout during the first minute of such round.)

<figure><img src="/files/Lp5habya2vwYlIBBAlKM" alt="" width="563"><figcaption></figcaption></figure>

* **T**
  * Round N Trading Begins
* **T + 1m**
  * Round N Trading Period Ends
  * Round N+1 Trading Begins
* **T + 2m**
  * Round N Results Confirmed
  * Round N+1 Trading Ends
  * Round N+2 Trading Begins


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