XT.COM will list the TRUMP2024(1-20x leverage) USDT-M contract at 13:00 on November 17, 2022 (UTC).
TRUMP2024 Contract Price Meaning:
Theoretically--ignoring service fees and price difference, etc.--the price of one contract of TRUMP2024 should be equal to the probability that Trump wins the 2024 election. So if you think there's a 52% chance of Trump winning, then TRUMP2024 should trade at $0.52; buying below there would be good, as would selling above $0.52.
TRUMP2024 expires to $1 if Donald Trump wins the 2024 US presidential general election, and $0 otherwise:
- TRUMP2024 will settle to $0 if, after Democratic and Republican National Conventions prior to the 2024 general presidential election, Donald Trump is not the nominee for any major US political party and has not declared that he is running on any other ticket for the 2024 presidential general election.
- TRUMP2024 will settle to $0 if, on any day between 1 and 60 days after the 2024 presidential general election, the vast majority of major news networks have called the election for a candidate other than Donald Trump.
- Otherwise, TRUMP2024 will settle to $1 if Donald Trump is president on February 1st, 2025, and $0 otherwise; with the caveat that, if there was no inauguration or official continuation of term conducted due to various delays by then, TRUMP2024 may be extended to settle to $1 if Donald Trump is officially inaugurated president in 2024, and $0 if any other candidate is inaugurated.
TRUMP2024 contract trades the same way as other futures on XT.COM.(Learn more details)
In the future, XT.COM will launch more Prediction Markets varieties as well as related activities, please stay tuned.
Digital assets futures trading is highly professional and subjects to high market risk. While bringing you huge returns, it may also cause forced liquidation to all your margin due to drastic price fluctuations. Please note that all trading strategies are at your own discretion and risk and always make rational judgments and prudent decisions. XT.com does not assume any responsibility for any losses you incurred due to the trading of futures.
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November 17, 2022
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.