Rules
Market dates:
• Market Close: This market will only be closed upon resolution
• Resolution Deadline: The resolution will be determined as soon as an outcome is reached
Resolution criteria:
• The market resolves based on which condition is met first:
▪ "≥ $4.00" if the XRP/USDT price on Binance reaches or exceeds $4.00
▪ "≤ $2.00" if the XRP/USDT price on Binance drops to or below $2.00
Resolution details:
• The market resolves based on the Binance XRP/USDT spot price, using the 1-minute chart with the following specifications:
▪ 1-minute timeframe ("1m")
▪ "Original" view
▪ "Close" price of each candle
• Only the price of XRP/USDT as quoted by Binance (spot market) will be considered
Cancellation (Invalidity) Conditions
This market will be canceled/invalid if:
• The XRP/USDT spot market on Binance is suspended or becomes unreliable
• The Binance platform is unavailable or experiences significant disruptions during the Market Period
• Any circumstance prevents reliable price tracking during the Market Period
• Myriad Markets undergoes a change in its contract that demands a cancellation of all active markets, or a similar significant technical change
In the event of cancellation, participants may claim their stakes at the 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.
