> ## Documentation Index
> Fetch the complete documentation index at: https://docs.usdc.premarket.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# FAQ

> Frequently asked questions about PreMarket.trade — wallets, trading, settlement, creators, PMT, fees, and risks.

## General

<AccordionGroup>
  <Accordion title="1. What is PreMarket.trade?">
    PreMarket.trade is an on-chain prediction trading platform where users can trade **YES** or **NO** positions on market topics.
  </Accordion>

  <Accordion title="2. Do I need to deposit funds into the platform?">
    No. You trade directly from your own Web3 wallet. There is **no centralized account deposit system**.
  </Accordion>

  <Accordion title="3. Which wallet should I use?">
    You can use most mainstream EVM-compatible wallets, such as:

    * MetaMask
    * OKX Wallet
    * Other supported Web3 wallets
  </Accordion>

  <Accordion title="4. What token is used for trading?">
    Trading is settled in **USDC**.
  </Accordion>

  <Accordion title="5. What token is used for gas fees?">
    Gas fees are paid using the native token of the chain you are connected to.

    For example, on **ARC**, gas is paid in **USDC**.
  </Accordion>
</AccordionGroup>

***

## Trading

<AccordionGroup>
  <Accordion title="6. What do YES and NO mean?">
    Each topic has two tradable sides:

    * **YES** = you believe the event/outcome will happen
    * **NO** = you believe the event/outcome will not happen
  </Accordion>

  <Accordion title="7. How do I make profit?">
    There are generally two ways:

    **A. Short-Term Trading** — Buy a position at a lower price and sell it later at a higher price.

    **B. Hold Until Settlement** — If you hold the winning side until final settlement, you receive your share of the total pool.
  </Accordion>

  <Accordion title="8. Do I need another trader to take the other side?">
    No. PreMarket.trade uses an **AMM liquidity pool model**, so you trade directly against the pool.
  </Accordion>

  <Accordion title="9. Why does the price move after trades?">
    The platform uses an automated pricing mechanism.

    * More buying pressure pushes the price up
    * More selling pressure pushes the price down

    This reflects changing market expectations.
  </Accordion>

  <Accordion title="10. What is the “probability” shown in the market?">
    The market probability is derived from the liquidity pool balance.

    In general:

    * YES probability + NO probability = 100%

    At the start, the market typically begins around **50% / 50%**.
  </Accordion>
</AccordionGroup>

***

## Settlement

<AccordionGroup>
  <Accordion title="11. What happens when trading ends?">
    After the trading deadline:

    * Users can no longer trade
    * The market enters the resolution phase
  </Accordion>

  <Accordion title="12. Who decides the final result?">
    The **Topic Creator** submits the initial result.
  </Accordion>

  <Accordion title="13. What if the creator submits the wrong result?">
    Users can challenge the result during the challenge period.

    If the challenge reaches the required threshold, the market moves to **community voting**.
  </Accordion>

  <Accordion title="14. What if the creator does not resolve the market?">
    If the creator fails to submit a result within the required time window, the market can automatically move into **community voting**, and the creator may be penalized.
  </Accordion>

  <Accordion title="15. How are winners paid?">
    After the final result is confirmed:

    * The losing side loses its pool value
    * The winning side shares the total market pool proportionally
  </Accordion>

  <Accordion title="16. Can two winning traders receive different profits?">
    Yes. Even if both are on the correct side, their profits may differ because:

    * They entered at different prices
    * They bought different amounts
    * Market conditions changed over time
  </Accordion>
</AccordionGroup>

***

## Topic Creators

<AccordionGroup>
  <Accordion title="17. Who can create a topic?">
    Any eligible user can create a market topic, subject to platform requirements and fees.
  </Accordion>

  <Accordion title="18. Does creating a topic require liquidity?">
    Yes. The Topic Creator must provide initial liquidity for the market.
  </Accordion>

  <Accordion title="19. Can a creator withdraw liquidity before trading starts?">
    Yes. If the topic has not yet opened, the creator may remove the topic and withdraw the liquidity in full.
  </Accordion>

  <Accordion title="20. Does the creator earn anything?">
    Yes. Topic Creators receive a **0.5% trading commission** from market trading volume.
  </Accordion>

  <Accordion title="21. Can a creator lose liquidity?">
    Yes. If the creator acts dishonestly, submits a false result, or is successfully challenged, part or all of their liquidity may be penalized.
  </Accordion>
</AccordionGroup>

***

## DAO & PMT

<AccordionGroup>
  <Accordion title="22. What is PMT?">
    PMT is the governance token used in the PreMarket ecosystem.
  </Accordion>

  <Accordion title="23. What is PMT used for?">
    PMT can be used for:

    * Governance participation
    * Staking
    * Voting rights
    * Potential ecosystem rewards
  </Accordion>

  <Accordion title="24. How do I get voting rights?">
    You need to stake the required amount of PMT to become eligible for governance voting.
  </Accordion>

  <Accordion title="25. Can I earn rewards by voting?">
    Yes. Eligible voters may receive voting rewards from the platform's dispute resolution and governance reward mechanisms.
  </Accordion>
</AccordionGroup>

***

## Fees

<AccordionGroup>
  <Accordion title="26. Is there a trading fee?">
    Yes. A trading fee is charged on transactions.
  </Accordion>

  <Accordion title="27. Is there a topic creation fee?">
    Yes. Creating a topic requires a platform fee.
  </Accordion>

  <Accordion title="28. Where do platform fees go?">
    Fees are generally distributed across:

    * Creator commissions
    * Treasury
    * Governance-related reward mechanisms
  </Accordion>
</AccordionGroup>

***

## Security & Risk

<AccordionGroup>
  <Accordion title="29. Are my funds stored by the platform?">
    No. Your assets remain on-chain and are managed through smart contracts.
  </Accordion>

  <Accordion title="30. Is trading risk-free?">
    No. Trading prediction markets involves risk, including:

    * Losing your position
    * Incorrect market judgment
    * Smart contract risk
    * Liquidity and volatility risk

    Please trade responsibly.
  </Accordion>
</AccordionGroup>

***

<Warning>
  This FAQ is for general user guidance only. In case of any discrepancy, the deployed smart contracts and official platform rules shall prevail.
</Warning>