Glossary
The words, defined.
46 terms used across 369X and prediction markets generally, from outcome share and implied probability to TWAP, TGE and void. Each definition is written to stand on its own, and many link to the page that goes deeper.
A
- Airdrop points
- A record of activity, such as LP deposits or earned badges, used to allocate a future $369X airdrop. Points are not tokens and have no price. More about Airdrop points
- Automated market maker
- Software that quotes prices and takes the other side of trades by formula, instead of waiting for a matching buyer or seller. 369X uses the LMSR. More about Automated market maker
B
- BEP-20
- The standard token format on BNB Smart Chain. $369X is a BEP-20 token.
- Binary market
- A market with exactly two outcomes, YES and NO. One side redeems for $1 per share; the other pays nothing.
- BNB Smart Chain
- The public blockchain 369X runs on. Network fees (gas) are typically under a cent, though they vary with load. More about BNB Smart Chain
- Bond
- Money locked as a guarantee of honest behaviour. Proposing an outcome requires a $100 bond; challenging requires a matching one. A dishonest party loses it. More about Bond
- Buyback and burn
- Using part of the protocol’s fee income to buy $369X on the open market, then destroying half of what was bought and sending half to stakers. More about Buyback and burn
C
- Challenge window
- The 48-hour period after an outcome is proposed during which anyone can dispute it by posting a matching bond. Also called the dispute window. More about Challenge window
- Claim
- Redeeming winning shares for $1 each of the settlement stablecoin after a market is final, paid from the contract to your wallet.
- Cliff
- A period at the start of a vesting schedule during which no tokens unlock. Team tokens, for example, have a twelve-month cliff. More about Cliff
- Collateral
- Your own money put into a leveraged position. The rest is borrowed. By design, collateral is the most you can lose on that position. More about Collateral
- Creator
- The user whose market request was approved. The creator receives 0.5% of that market’s eligible volume for its active life. More about Creator
- Cut-off
- The moment trading stops, 1 hour before a market’s expiry, to prevent last-second trading and manipulation.
D
- DAO
- Decentralised autonomous organisation: governance by token-holder vote. On 369X, parameter changes wait behind a 48-hour timelock and stay inside hard-coded bounds.
F
- FeeVault
- The contract that collects the protocol share of trading fees and, after token launch, funds buybacks. More about FeeVault
- Fully diluted valuation (FDV)
- A token price multiplied by the entire supply, including tokens that are not yet unlocked. It is not money raised and not market capitalisation. More about Fully diluted valuation (FDV)
G
- Graduation
- The point at which a market has shown enough depth and trader breadth for leverage to switch on. Higher tiers need more market volume first. More about Graduation
I
- Implied probability
- The chance a price suggests. A YES share at 58¢ implies roughly 58%. It is the market’s estimate, not a fact about the future. More about Implied probability
- Indexer
- Software that reads blockchain events into a database so charts and leaderboards load quickly. On 369X it is a cache: it never decides outcomes or holds funds. More about Indexer
L
- Leverage
- Borrowing to make a position larger than your own money. At 5×, $200 of collateral controls a $1,000 position. More about Leverage
- Liquidation
- The forced closing of a leveraged position that has moved too far against you, so the loan can be repaid. You lose the collateral. More about Liquidation
- Liquidity
- How easily you can buy or sell without moving the price much. Deep liquidity means small price impact.
- Liquidity provider (LP)
- Someone who deposits into the LP Vault to back market making and leverage lending. LPs earn a share of fees and absorb losses when traders win. More about Liquidity provider (LP)
- LMSR
- Logarithmic Market Scoring Rule: a market-maker formula devised by economist Robin Hanson that quotes a price for every outcome while a market is open. More about LMSR
- LP Vault
- The shared pool of liquidity-provider deposits that backs every 369X market and lends to leveraged positions. More about LP Vault
M
- Mainnet
- The live blockchain network, where transactions use real funds. 369X reaches mainnet only after an independent audit.
- Market depth
- How much trading a market can absorb before its price moves a lot. On 369X, 0.4% of each trade stays in the market to deepen it.
- Multisig
- A wallet that needs several keys to act. 369X’s emergency pause is designed around a 2-of-3 multisig. More about Multisig
N
- Non-custodial
- No company holds your funds. You keep your own keys, and money you trade sits in smart contracts rather than in an operator’s account. It does not remove smart-contract risk.
- Notional volume
- Trading volume counted at each contract’s full $1 payout value rather than the price paid. Common in industry statistics; it is not deposits or revenue. More about Notional volume
O
- Oracle
- Any mechanism that brings real-world results onto the blockchain. 369X uses bonded proposals and disputes, with automated data feeds planned for sports and crypto.
- Order book
- A list of resting buy and sell orders. A trade happens only when someone takes an existing order, so thin books can have wide gaps. More about Order book
P
- Price impact
- How much your own trade moves the price. Larger trades pay a higher average price on the LMSR. Not the same as slippage. More about Price impact
- Protocol fee
- The 0.85% part of each trade that goes to the FeeVault. It is the only part a staking discount reduces. More about Protocol fee
- Protocol staking
- Depositing $369X in the staking contract, with no lock-up, for a discount on the protocol fee, a share of buyback rewards and governance votes. Unstaking has a 7-day cooldown. More about Protocol staking
R
- Resolution
- Deciding a market’s official outcome, using the source named when the market was created. More about Resolution
- Resolver
- A participant who proposes or disputes outcomes with a bond. Resolver rewards share one capped pool with protocol staking. More about Resolver
S
- Settlement stablecoin
- The US-dollar stablecoin that 369X markets are priced and paid in. 369X does not guarantee its peg.
- Slippage
- The difference between the price you expected and the price you actually got, for example because the market moved while your transaction was pending. More about Slippage
T
- Testnet
- A practice blockchain network. Balances are free test funds with no redeemable value. More about Testnet
- TGE
- Token generation event: when $369X is created and first becomes transferable. More about TGE
- Timelock
- A delay between a governance decision and its effect, giving users time to react. 369X parameter changes wait 48 hours.
- TWAP
- Time-weighted average price. Averaging over time resists short spikes. 369X plans a 30-minute TWAP for liquidations and time-weighted buybacks.
V
- Vesting
- A schedule that releases tokens gradually over months, often after a cliff. More about Vesting
- Void
- A cancelled market that cannot be resolved. You reclaim what you paid for the shares you still hold; fees and gas are not refunded. More about Void