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Norynta Platform Trading Rules

Canonical user rules for accounts, wallets, orders, expiration, fills, fees, conduct, resolution, and payout.

Platform Trading Rules

Before you trade

Norynta is an orderbook-based prediction market. A connected wallet, a signed-in account, a submitted order, and a completed trade are different states:

  • Signed-in account: identifies an app user.
  • Connected wallet: authorizes wallet-specific actions; connecting alone does not create a deposit or a trade.
  • Submitted order: an instruction to buy or sell at defined terms.
  • Fill: the portion of an order that actually matched and traded.
  • Position: outcome exposure created by completed fills.

Order and expiration rules

  • A limit order does not guarantee execution.
  • A limit order fills only when a compatible opposite-side order is available.
  • Orders may fill completely, fill partially, remain open, be cancelled, or expire unfilled.
  • The standard web limit-order lifetime is 24 hours. Advanced controls can select 10 minutes, 1 hour, 6 hours, or 24 hours.
  • Expiration begins when the order is submitted, not when another trader views it.
  • An expired unfilled order is no longer executable. It is not a completed bet and does not generate a trading fee.
  • Users may cancel an open remainder before expiration. Already-filled portions cannot be cancelled.
  • Market-intent orders may use immediate-execution controls such as FAK or FOK; those do not behave like 24-hour resting limit orders.

Price, liquidity, and fill rules

  • Displayed prices are orderbook prices, not guaranteed execution prices.
  • Empty or one-sided books may make immediate buying or selling unavailable.
  • Better-priced limit orders can take longer to fill or may never fill.
  • A market is meaningfully trade-ready only when executable opposite-side depth exists at an acceptable spread.
  • Review the order summary, maximum loss, fees, and expiration before signing.

Fee rules

  • Trading fees apply only to executed fills, not modal opens, wallet connections, deposits, cancelled orders, or expired unfilled orders.
  • Fees are calculated from executed notional using the live maker/taker fee configuration.
  • The current runtime default is 0 bps maker and 100 bps taker when the live on-chain configuration reports those values.
  • Partial fills pay fees only on the executed portion.

Wallet and funds rules

  • Use the intended Solana wallet and network before signing.
  • Wallet connection alone does not move funds.
  • Deposits and withdrawals require separate authorized actions and appear in account activity after confirmation and reconciliation.
  • Never give Norynta support a seed phrase or private key.
  • Public blockchain addresses and transactions may remain publicly observable. Anonymous analytics sessions are pseudonymous and are not treated as verified customer identities.

Market conduct

  • Self-trading, wash trading, manipulation, abusive automation, and attempts to evade eligibility or risk controls are prohibited.
  • Orders may be rejected, cancelled, restricted, or reviewed when integrity, compliance, exposure, or technical controls require it.
  • Availability of discovery, trading, deposits, withdrawals, or redemption can vary by jurisdiction and account eligibility.

Resolution and payout

  • Trading close, resolution, finalization, and redemption are separate stages.
  • A winning share generally pays 1 unit of collateral after valid finalization; a losing share pays 0.
  • The market's named resolution source and rules control the result.
  • An order being filled does not guarantee profit or payout.
  • Finalization makes eligible positions redeemable; it does not by itself mean that every wallet has completed redemption. A redemption transaction or the applicable settlement workflow must complete before funds appear as paid.
  • Market infrastructure rent is an operator expense. Norynta may recover that rent only after the market is no longer active and on-chain checks show empty collateral/resolution vaults and zero outstanding outcome-token supply. This operational reclaim is separate from customer collateral and payouts.

Related documentation

  • docs/public/ACCOUNT_AND_AUTH.md
  • docs/public/ORDER_TYPES_AND_EXECUTION.md
  • docs/public/FEES_AND_SETTLEMENT.md
  • docs/public/MARKET_INTEGRITY.md
  • docs/public/RISK_DISCLOSURES.md