Marketplace Overview

Navigating the Marketplace

The DegenTracts Marketplace provides a streamlined interface where users can browse and select eligible memecoins for contract trading. To explore available memecoins, users can view essential information on each pair, including the coin's name, current market cap, price, and the time remaining until contract expiry. This data helps traders make informed decisions on active pairs that meet DegenTracts' requirements.

Transaction Volume and Order Book Analysis

DegenTracts monitors transaction volume and analyzes order book depth to detect and prevent price manipulation. This continuous monitoring process ensures that trading activity reflects genuine market behavior, enhancing transparency and promoting a fair trading environment.

Selecting and Purchasing a Contract

Types of Contracts

DegenTracts offers two primary contract types:

• Call Contracts: This position allows users to speculate that a memecoin will increase in price. Users profit if the coin maintains the certain price or above which they mentioned in the contract while purchasing.
• Put Contracts: This position allows users to speculate that a memecoin will decrease in price. Users profit if the coin drops on or under the certain price within the set timeframe.

Each contract type offers unique risk and reward potential, enabling users to select strategies based on their analysis and expectations.

Choosing Contract Size

When selecting a contract, users specify the amount of SOL they wish to invest. This contract size represents their stake in the trade and determines the potential returns. While choosing the amount of SOL to purchase contract with, they also choose the Contract Leverage which can be anywhere from 1x to 25x. In accordance to contracts leverage, the maximum or minimum calls or puts price can be measured.

Estimated Returns

DegenTracts displays estimated returns for each contract, helping users assess the risk and reward before committing to a trade. These projections are based on the memecoin's current market cap, price, and expected performance, giving users a clearer understanding of possible outcomes.

Fees

Each transaction on DegenTracts incurs a small platform or network fee, typically ranging from 0.2% to 1% of the contract value. This fee covers operational costs, including network gas fees, and is factored into the final cost when purchasing a contract.