# CRT-QRC20

## prediction market

<mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Tokens (CRT-QRC20) offer to users **Prediction Market** notional derivatives contracts, on the basis of following the un0derlying cryptocurrencies in our Cryptoken Board market list “Coverage” using <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> as collateral.&#x20;

They allow users to wager on the future price prediction by creating a 'synthetic' position & settlement delivery obligation via each QRC20 tokenized smart contract on CRT EXCHANGE.

<mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Tokens are 'American style' contracts and utility derivative instruments that offer the user a flexibility to wager on any synthetic assets, via the each cryptocurrency reference rate contract series. The collateral being used to wager on cryptocurrencies on Synthetic Exchange is 100% notional and follows a structured value:&#x20;

&#x20;1 $CRT `pegged` to 1 $USD \[keeping a fixed notional value at all times].

QRC20 tokenized smart contract are programmable for two different series types:&#x20;

1. creating `LONG` (higher) price exposure&#x20;
2. creating `SHORT` (lower) price exposure

## profit & loss settlement

<mark style="color:green;">**C**</mark><mark style="color:yellow;">**R**</mark><mark style="color:red;">**T**</mark>**&#x20;Vault** is our dedicated pool containing balances of <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Tokens that are used exclusively for settlement of the tokenized smart contracts rendered over the interface - <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Smart Chain.

The profit and loss engine will automatically reward uses in a **binomial** fashion, depending on the outcome of their trades at contract expiration. ️

Profit and loss for our QRC20 tokenized smart contracts, is **deterministic** and it will reward users always at double (2x) the notional committed. The following criteria and contract logic always holds:

**1** an amount of $CRT collateral committed\
**2** winning allocation payable in $CRT tokens

## <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token ️- Smart Contracts

Each <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token is programmable to represent synthetic exposure of a particular cryptocurrency, such as $**crt**BTC, $**crt**ETH, $**crt**BNB, $**crt**NANO etc. The smart contract carry a symbol containing key information about the notional value of the 'wrapped' cryptocurrency.

The <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Tokens contracts are processed over <mark style="color:blue;">Qtum</mark> blockchain consists of four parts:

1. Symbol of the underlying asset
2. Strike price & Strike Asset
3. Contract type, either L or S
4. Hash Initiation
5. Contract Expiration

### **Example: ETH Long**&#x20;

```
crtETH 3450USD-L-26JUN21-0800UTC-28JUN21-0800UTC
```

### **Example: LTC Short**

```
crtLTC 149USD-S-25JUN21-2200UTC-30JUN21-2200UTC
```

## <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token - DAO Vault & Settlement

All trades are executed via the <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token **Decentralized Autonomous Organization**, account vault that holds 50% of the entire outstanding token supply. <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token is used as the notional collateral for executing synthetic trades, but is also used for the payments of the winning trades to users, from <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token DAO Vault. For more information visit <mark style="color:green;">C</mark><mark style="color:yellow;">R</mark><mark style="color:red;">T</mark> Token ledger on <mark style="color:blue;">Qtum</mark>[ block explorer](https://qtum.info).


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