MoonRekt Pricing Data
Hxro is integrated with real-time pricing data from the world's most liquid cryptocurrency exchanges. Hxro uses pricing data in an index form for all cryptocurrencies on the platform. The Hxro Index price is the price displayed for the crypto in all Hxro MoonRekt contracts.
The Hxro Index for each cryptocurrency is a composite index, meaning it is built from the price feeds of multiple exchange sources. In the event one of the Hxro Index constituent exchanges loses service, Hxro may automatically remove that constituent from the index until a stable price feed resumes.
If Hxro determines that an exchange source's price feed in a certain trading pair no longer represents accurate market values, Hxro will remove that feed from the cryptocurrency's composite Hxro Index rate.
The Hxro Bitcoin Index (.xBTC) for MoonRekt contracts is currently derived from six different bitcoin exchanges in equal parts: Binance (BTC/USDT), Bitfinex (BTC/USD), BitMEX Perpetual Swap (XBT/USD), Bitstamp (BTC/USD), Coinbase (BTC/USD), and Kraken (XBT/USD).
The Hxro ETH Index (.xETH) for MoonRekt contracts is currently derived from six different exchanges in equal parts: Binance (ETH/USDT), Bitfinex (ETH/USD), BitMEX Perpetual Swap (ETH/USD), Bitstamp (ETH/USD), Coinbase (ETH/USD), and Kraken (ETH/USD).
The Hxro BNB Index (.xBNB) for MoonRekt contracts is currently derived from one exchange: Binance (BNB/USDT)
MoonRekt Contest Resolution
If the contract’s closed price is higher than the locked price, the users who hold Moon positions are in-the-money. If the closed price is lower than the starting price, the users who hold Rekt positions are in-the-money.
At the designated start time for each contract, the LOCKED PRICE is displayed. The LOCKED PRICE is the strike price for the contract. The LOCKED PRICE for each contract is the same as the settlement price or CLOSED PRICE of the preceding contract. At the end of the contract, when the clock reaches 00:00, the CLOSED PRICE is calculated. The CLOSED PRICE is the last price of the Hxro Index on or before expiration time 00:00.
If the contract’s CLOSED PRICE is higher than the LOCKED PRICE, users who hold Moon positions are in-the-money. If the CLOSED PRICE is lower than the LOCKED PRICE, users who hold Rekt positions are in-the-money. (Learn about the Hxro Index pricing details here).
Pools are paid out to the in-the-money positions on a pro rata basis. For example, if a trader's position represents 10% of the total positions placed on the in-the-money side, his share of the payout pool will be 10% of the total pool. Out-of-the-money positions lose their entire entry. Hxro collects a small service fee from the total contract pool.
With contract pools that grow as more users trade, MoonRekt payout multipliers swing with the ebb and flow of market prices and sentiment.