Gate officially launches Event Contracts, enabling prediction of BTC and ETH price direction, with a minimum participation of just 1.5 USDT

Gate News: According to an official announcement from Gate, Gate has officially launched a new product—Event Contracts. Event Contracts are a trading product focused on price-direction predictions. Users only need to decide whether the price trend of assets such as BTC, ETH, and more will be bullish or bearish over timeframes like the next 5 minutes, 15 minutes, 1 hour, and 4 hours to complete a trade.

Event Contracts feature a low-friction design. For each contract, the price range is 0.01 to 0.99 USDT, and the minimum trade amount is just 1.5 USDT. If the prediction is correct, each winning contract is settled at 1 USDT; if the prediction is incorrect, the contract value becomes zero. In both cases, no settlement fee is charged. The product offers no leverage, and there is no liquidation or margin call mechanism. The maximum loss is limited to the amount paid when buying the contract.

Users can close their positions at any time before the event ends by selling through the Order Book. Direct USDT trading is supported. The initial launch includes BTC and ETH price-direction events, and Gate will continue to add more underlying assets and time periods afterward.