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.
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)
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.
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.
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).
Review and Confirm
The trade panel shows:
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.
A Worked Example
You think BTC will close above $100K today.
You buy 200 YES shares at $0.55 each
Your cost: 200 × $0.55 = $110
Protocol fee (1%): $1.10
Total cost: $111.10
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).
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.
FAQ
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.
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