Hello @everyone! This is just a brief clarification. As you may know or have missed, we've published a detailed article on a new calculation method for memecoin and low-float token FDV markets to prevent manipulation in these markets using TWAP (Time-Weighted Average Price). The price used for resolution will be the Moving Average (MA) value at the resolution timestamp 👉 <https://x.com/42space/status/2061760306653855814>
Let's take an specific example:
- Market:
[$PENGU FDV by end of July 1st?](<https://www.42.space/event/0x11C4C217b9026Cbb1aFA624A61342ec4E0B5f543>)
Hello @everyone! This is just a brief clarification. As you may know or have missed, we've published a detailed article on a new calculation method for memecoin and low-float token FDV markets to prevent manipulation in these markets using TWAP (Time-Weighted Average Price). The price used for resolution will be the Moving Average (MA) value at the resolution timestamp 👉 <https://x.com/42space/status/2061760306653855814>
Let's take an specific example:
- Market:
[$PENGU FDV by end of July 1st?](<https://www.42.space/event/0x11C4C217b9026Cbb1aFA624A61342ec4E0B5f543>)
You can set up the indicator as photo showed. We are using the MA (Moving Average) technical indicator on Trading View (its available directly on the UI we include in the resolution description) with these configs on the 1-MINUTE chart and we reference the price on the MA line at the snapshot time. If you have any issues regarding this setting please let me know!
You can set up the indicator as photo showed. We are using the MA (Moving Average) technical indicator on Trading View (its available directly on the UI we include in the resolution description) with these configs on the 1-MINUTE chart and we reference the price on the MA line at the snapshot time. If you have any issues regarding this setting please let me know!
As a result, we have the final price on the MA line of $PENGU base on the calculation method was `0.006204` at the snapshot time
Price x Max Supply = FDV
0.006204 x 88.888.888.888 = 551.466.666,66
**The final winning outcome**:
`$550M - $600M`
As a result, we have the final price on the MA line of $PENGU base on the calculation method was `0.006204` at the snapshot time
Price x Max Supply = FDV
0.006204 x 88.888.888.888 = 551.466.666,66
**The final winning outcome**:
`$550M - $600M`
So what about markets sourced from pyth or binance wallet?
So what about markets sourced from pyth or binance wallet?
For these type of markets using Binance Wallet still same calculation method and set up. For the ones using Pyth (aggregated oracle) as the preferred settlement source whenever a reliable feed exists for the asset since it's more manipulation-resistant, more robust, and auditable.
However, for lowcap coins typically with only a single avenue to trade we'll fall back to using TWAP instead. Hence if the resolution source points to a single trading pair avenue, it uses TWAP for settlement price at the snapshot timestamp.
For these type of markets using Binance Wallet still same calculation method and set up. For the ones using Pyth (aggregated oracle) as the preferred settlement source whenever a reliable feed exists for the asset since it's more manipulation-resistant, more robust, and auditable.
However, for lowcap coins typically with only a single avenue to trade we'll fall back to using TWAP instead. Hence if the resolution source points to a single trading pair avenue, it uses TWAP for settlement price at the snapshot timestamp.
So basically for markets using Pyth, as the resolution criteria stated clearly that just use the close price from the 1-minute candle of the eligible timestamp as usual, not using TWAP method as above
So basically for markets using Pyth, as the resolution criteria stated clearly that just use the close price from the 1-minute candle of the eligible timestamp as usual, not using TWAP method as above
Every traders on 42 must check this good news
🚀🚀🚀
https://x.com/42space/status/2074035923524993508
Every traders on 42 must check this good news
🚀🚀🚀
https://x.com/42space/status/2074035923524993508
nice explanation man... 😄 i missed this one, luckily i haven't been trading in any similar markets lately
nice explanation man... 😄 i missed this one, luckily i haven't been trading in any similar markets lately