SOL vs Silver: Which hits $150 first?
Rules
Rules / Description
Market Details:
- Market Close: This market will only be closed once a resolution is achieved.
- Resolution Deadline: The resolution will be determined as soon as an outcome is reached.
- Market Target: $150.00
Resolution Criteria:
The market resolves based on which asset first reaches or exceeds the Market Target:
- “SOL” if Solana (SOL/USDT) price on Binance hits or exceeds the Market Target.
- “SILVER” if Silver (XAG/USD) price on TradingView hits or exceeds the Market Target.
Resolution Details:
- SOL price will be tracked using Binance’s SOL/USDT spot chart:
https://www.binance.com/en/trade/SOL_USDT?type=spot
- SILVER price will be tracked using TradingView’s XAG/USD chart (Source: OANDA):
https://www.tradingview.com/chart/?symbol=OANDA%3AXAGUSD
- The 1-minute candle close price (“C”) will be used to confirm when a target is hit
Tie-breaker rules:
- If both assets reach or exceed $150 within the same 1-minute candle, the first to hit the mark will be determined using finer candle data (e.g. tick data) from their respective platforms.
- Price spikes or brief wick touches that do not close above $150 will not count as a hit — only candle close values are valid.
Cancellation (Invalidity) Conditions:
- Either Binance or TradingView becomes unavailable, unreliable, or experiences major disruptions.
- Price data for either SOL or SILVER cannot be verified during the Market Period.
- Any significant technical issue prevents proper tracking or confirmation of the target hit.
In case of cancellation, participants may claim their stakes at the current market value of their open positions at the time of cancellation. This could result in a profit or a loss depending on the price of their outstanding shares.
