Launching a market

Steps

1. Coin. Paste the contract address of a coin launched on Pons.
2. Question. Choose the direction, the FDV threshold in ETH, how long trading runs, and how many price readings settle it. The question is written from those choices; there is no free text field.
3. Review. Add opening liquidity and open the market.

Parameters

Direction

Above or below

Threshold

FDV, in ETH

Trading runs for

1 hour, 6 hours, 1 day, 3 days or 7 days

Readings to settle

3, 5, 7 or 9

Observation window

Opens when trading closes, lasts 1 hour

Opening liquidity

At least 0.001 ETH

Creation fee

0.0005 ETH

The contract reads the coin’s total supply itself when the market opens, and values every reading at that supply. The fees and the time between readings are fixed at the same moment and never change for that market.

What the contracts refuse

• A coin that is not a genuine Pons launch.
• A coin with no price to read right now, such as a launch that was rescued instead of graduating.
• An observation window that opens before trading closes, or ends after the resolve time.
• An observation window too short for its readings. It must have twice the room the readings need at the market’s time between readings.
• A resolve time more than 365 days away.
• Fewer than 3 readings, or more than 64.
• A resolver the owner has not approved.
• A creator fee above 2%.