Chapter 04 · Trading

Trade while the answer is being decided

Closing a question stops new outcome claims. Existing tokens can still be bought and sold while the court and any funded appeals reach a final answer.

The event can end before the market pays

A question can reach its closing time while people still disagree about the answer. QuantMMO separates that moment from final settlement. Closing stops new outcome tokens from being created. Settlement happens when the accepted court process returns a final result or the market's fixed fallback rule applies.

During that interval, existing YES and NO tokens remain tradeable. A holder who wants to leave can sell to someone prepared to wait and accept the uncertainty. The seller receives the buyer's money. The market's backing stays locked for whoever owns the claim at settlement.

Every exit needs funded demand

An order book is a list of offers to buy and sell. Buyers reserve cash for their bids. Sellers reserve the tokens they offer. A trade exchanges the two. A partially filled order keeps only the funds needed for its remaining size.

A limit order sets the highest price you will pay or the lowest price you will accept. It may wait or fill only partly. A request to trade immediately takes the available offers within your stated limit. The final average price depends on how much is available at each price.

The planned router can also compare funded token exchange pools. These hold their own cash and token inventory, and their prices change as people trade. Their reserves are separate from the market's settlement backing. The purchase preview shows the route and total, including any pool price movement.

If there is no suitable buyer, a sale cannot complete at the price you want. A displayed estimate is not a standing promise to pay you. You can lower your limit, wait for another offer, or keep the tokens through settlement.

The price can move while the rules stay fixed

New public information, a provisional court answer or a funded appeal can change what buyers are willing to pay. None changes the question, accepted sources or payout rules. A provisional answer is an answer that can still change through the permitted appeal process.

QuantMMO shows the public case status returned by DemoThemis. Traders do not get to select jurors or change the court's answer by buying more tokens. They can contribute to an appeal through the market's funding panel.

Only the final result authorizes the final payout. The settlement process closes outstanding orders, releases unused trading reserves and fixes the claims to be paid. An earlier sale has already transferred its outcome exposure to the buyer.