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Contents

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Overview

Binary options on LogX Network offer a simple yet powerful way to trade price movements, providing traders with fixed payouts based on whether an asset’s price ends up above or below a set level at expiry. With on-chain transparency, instant settlements, and gasless execution, LogX binary options allow for quick decision-making and strategic trading in a dynamic DeFi environment.

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How to Place Trades

  • Open the App
  • Select the Options Market
  • Enter Trade Amount
  • Set Duration
  • Review Trade Summary
    • Profit - Amount earned if your prediction is correct.
    • Loss - Amount lost if your prediction is incorrect.
    • Fees - Trading costs associated with the order.
  • Go Up or Down
    • Up – You profit if the price increases.
    • Down – You profit if the price decreases.

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Viewing an Open Order

You can view Options Orders underneath the chart on the trading page.

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Closing an Order

Your order will automatically close at the end of the selected duration, and your profit or loss will be settled in your account.

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Viewing Past Trades

The history tab provides a clear view of your past trades that helps to track performance and analyse past decisions.