Making Your First Trade

This page walks you through everything from connecting your wallet to placing your first trade on MidasPredict. The whole process takes a few minutes.

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Before You Start

You'll need:

• A web browser (Chrome or Brave recommended)

• A wallet — either an EVM-compatible wallet (MetaMask, WalletConnect) or use MidasPredict's embedded wallet

• Funds to deposit (zkLTC, USDC, USDT, or other supported tokens)

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1

Connect or Create a Wallet

Go to MidasPredict and click Connect Wallet in the top-right corner.

You have two options:

• External wallet: Connect MetaMask, WalletConnect, or a Litecoin-compatible wallet. Make sure it's set to the LitVM network — the app will prompt you to add it if needed.

• Embedded wallet: Create an account directly through the platform for a simplified experience without browser extensions.

2

Deposit Funds

Deposit supported tokens into your MidasPredict account balance:

• zkLTC — Litecoin's native representation on LitVM

• Stablecoins — USDC, USDT

• Partner tokens — as supported

If your funds are on Litecoin L1, use the LitVM bridge (BitcoinOS / Charms) to transfer them trustlessly to LitVM. If your funds are on Ethereum or another chain, bridge to LitVM first.

3

Browse Markets

Head to the Markets page. You'll see:

• Daily Markets — prominently surfaced, recurring daily predictions on BTC, ETH, gold, oil, and more

• Featured Markets — event-driven markets around elections, championships, and major announcements

Each listing shows the question, current share prices, volume, time to resolution, and whether the market is Boosted (2x Midas Points).

4

Pick Your Side

Example market:

"Will BTC/USD close above $100,000 at 16:00 UTC today?"

YES: $0.55 — NO: $0.45

The market is pricing a ~55% chance. If you think it's higher, buy YES. If lower, buy NO.

5

Choose Your Size

• Quick Presets: $5 / $20 / $50 / $100 (or % of wallet)

• Manual input: For precise control over your position size

6

Review and Confirm

The trade panel shows:

Field	What It Means
Position	YES or NO
Shares	Number of shares you're buying
Cost	Total amount you'll pay
Avg. Price	Price per share
Potential Payout	What your shares are worth if you're right ($1 per share)
Protocol Fee	1% of trade value
Creator Fee	0–2%, shown if applicable
Est. Midas Points	Points you'll earn from this trade

Review and confirm. Transaction confirms in under a second on LitVM.

7

Manage Your Position

• Hold — Wait for resolution. Winning shares redeem at $1.00.

• Sell early — Sell at current market price to take profit or cut losses.

• Buy more — Add to your position if conviction strengthens.

8

Redeem After Resolution

When a market resolves:

• Winning shares are redeemable for $1.00 each

• Losing shares are worth $0.00

Redemptions are credited to your MidasPredict account balance. Unclaimed winnings remain available for 90 days.

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A Worked Example

You think BTC will close above $100K today.

1. You buy 200 YES shares at $0.55 each

2. Your cost: 200 × $0.55 = $110

3. Protocol fee (1%): $1.10

4. Total cost: $111.10

5. Midas Points earned: 110 MP (1 MP per $1 of traded volume)

If BTC closes above $100K: 200 × $1.00 = $200. Profit: $88.90.

If not: Loss: $111.10.

If you sell early at $0.75: 200 × $0.75 = $150. Gross profit: $38.90 (minus sell fees).

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Tips for New Traders

• Start small. A few $5–$20 trades will teach you more than reading docs.

• Start with Daily Markets. They're well-structured, resolve quickly, and build familiarity.

• Read the resolution criteria. Check exactly how and when the market resolves.

• Watch for Boosted markets. Same fee, double the Midas Points.

• Don't forget you can sell. You're never locked in.

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FAQ

What's the minimum trade size?

The minimum trade size is $1 per buy or sell transaction.

Can I trade on mobile?

Yes — the web interface is mobile-responsive.

Do I earn Midas Points on every trade?

Yes. You earn 1 MP per $1 of traded volume. If the market is Boosted, you earn 2x. See How to Earn Midas Points.