Hxro’s BTC MoonRekt is a digital derivative contract that references the Hxro BTC Index (.xBTC).
Time Frames: 1m, 5m, 15m, 1h, and 1D
Settlement: MoonRekt xBTC Digital Contracts are settled exclusively using pricing data from the Hxro BTC Index (.xBTC). The contract settlement price is displayed as the CLOSED PRICE on the expired contract card.
Index Calculation: The Hxro BTC Index (.xBTC) price is the price feed displayed for BTC in all Hxro xBTC contracts and is the price feed used in all contract settlement calculations.
The Hxro Bitcoin Index (.xBTC) 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). In the event one of the Hxro Index constituent exchanges loses service, Hxro Games may automatically remove that constituent exchange 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 If Hxro determines that an exchange source’s price feed in a certain trading pair no longer represents accurate market values, Hxro will remove that feed from the cryptocurrency’s composite Hxro Index rate.
LOCKED PRICE: At the designated start time 00:00 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 CLOSED PRICE of the preceding contract.
CLOSED PRICE: At the time of contract expiry, when the clock reaches 00:00, the CLOSED PRICE is calculated. The CLOSED PRICE is the last price of the Hxro BTC Index (.xBTC) on or before expiration time 00:00. The CLOSED PRICE of one contract is the LOCKED PRICE of the following contract.
LAST PRICE: The most recent Hxro BTC Index (.xBTC) price, updating in real-time.
Moon Position: A Moon position in a MoonRekt contract expires in-the-money when the CLOSED PRICE of the contract is higher than the LOCKED PRICE of the contract at expiry time 00:00.
Rekt Position: A Rekt position in a MoonRekt contract expires in-the-money when the CLOSED PRICE of the contract is lower than the LOCKED PRICE of the contract at expiry time 00:00.
Minimum Entry: The minimum entry in a MoonRekt contract is 10 HXRO or 5000 Sats.
Payout: The payout is parimutuel for all MoonRekt contracts. At expiration, the total contract pool is paid out to the in-the-money positions on a pro rata basis. If a user’s position entry equals 10% of the total value of position entries on the in-the-money side, the payout to the user equals 10% of the Total Pool displayed on the contract card.
Payout Ratio: The calculation of the parimutuel payout made to positions that expire in-the-money. For example, if a user enters a Moon position with 100 HXRO and the Moon Payout calculation is 2.15X, the user will receive a payout of 215 HXRO after expiration. The user receives his 100 HXRO entry plus an additional 115 HXRO.
Moon Payout Ratio: The Moon payout ratio equals the value of the total contract pool divided by the value of the Moon entry pool.
Rekt Payout Ratio: The Rekt payout ratio equals the value of the total contract pool divided by the value of the Rekt entry pool.
Contract Fee: Hxro collects 3% of the total contract pool.