#Gate事件合约积分榜 Complete Event Contract Operation Guide

Step 1: Enter the Event Contracts page. Open the Gate App, go to the [Futures] section, and switch to the [Event Contracts] category (on the official website, select [Event Contracts] from the [Futures] drop-down menu).
The first time you enter, you must read the innovative trading disclaimer, complete the quiz, and sign the user agreement before trading.
Step 2: Select the asset and duration
Four cryptocurrencies are currently supported: BTC, ETH, SOL, and XRP, with four durations available: 5 minutes, 15 minutes, 1 hour, and 4 hours.
Recommendation for beginners: Start with a longer duration such as **4 hours or 1 hour**. Price fluctuations are more manageable than with the ultra-short 5-minute duration, and it is easier to determine the direction.
Step 3: Determine the direction and place an order to open a position. After selecting a price event, determine whether the price at the end of the duration will rise or fall relative to the starting price:
Bullish: Predict that the settlement price > the starting price; buy a bullish contract
Bearish: Predict that the settlement price < the starting price; buy a bearish contract
Select a price in the order book, enter the quantity, and submit the order to complete the opening of a position.
Order requirements: The price per contract is 0.01–0.99 USDT, the minimum investment per order is 5 USDT, and the minimum order quantity is 6 contracts.
USDT is used for trading throughout.
Example: Buy 100 bullish contracts at 0.40 USDT per contract, for a total investment of 40 USDT.
Step 4: Position management (optional: take-profit and stop-loss). You do not have to wait until expiration; you can sell in the order book and close your position at any time: When the trend matches your prediction and the contract price rises → take profit: sell to lock in gains
When the trend goes against your prediction → stop loss: sell and exit as early as possible to avoid the contract expiring worthless
⚠️ Note: **Unfilled pending orders cannot be sold directly**. You must cancel them first or wait until they are filled before closing the position.
Step 5: Automatic settlement at expiration (closing the position). If you do not manually close the position, it will be held automatically until the end of the duration, and the system will settle it automatically:
Correct prediction → Each winning contract is settled at 1 USDT, with no settlement fee
Incorrect prediction → The contract value immediately becomes zero, with no settlement fee (the entire principal is lost). Settlement usually arrives within 3–10 minutes (based on secondary verification using Chainlink data; it may take longer when the network is congested), so simply wait patiently.

Putting it all together with an example
Suppose you trade BTC using a 4-hour duration:
1. Enter Event Contracts and select BTC 4-hour rise or fall
2. Predict that BTC will rise during the duration → Buy 50 bullish contracts in the order book at 0.45 USDT per contract, investing 22.5 USDT
3. The price rises to 0.70 midway through, and you think that is enough → Sell your entire position and close it for a profitable exit; or
4. You choose to hold until expiration. If the final settlement price > the starting price → Each contract pays out 1 USDT, and you receive 50 USDT
5. If the price actually falls → The contract value becomes zero, and the entire 22.5 USDT is lost
This is the complete process for an Event Contract, from placing an order to closing the position.
Note: “Closing the position” here can refer either to manually closing the position midway or to automatic settlement at expiration; both count as completing the exit from a trade.