Docs / Lifecycle

Lifecycle

Suggested → In review → Approved → Needs backers → Live → Closed → Result proposed → (Challenged) → Resolved. The other ending is Didn’t launch, where backers withdraw.

• Needs backers. Visible, not tradable. Only backing orders (buy orders held in the program) are allowed.
• Live. Anyone can buy and sell Yes and No between 1¢ and 99¢ until the close time.
• Closed. Trading stops at chain time. The resolver has a window to propose a result.
• Resolved. Yes, No or Invalid. Winners claim 1 per share; Invalid pays 0.5 per share to everyone.