> For the complete documentation index, see [llms.txt](https://docs.42.space/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.42.space/getting-started/protocol-mechanics-101/42-outcome-tokens.md).

# 42 Outcome Tokens

Outcome Tokens are the core assets issued by 42. Each token represents a specific, mutually exclusive outcome of a future event. These tokens are fully transferable, trade continuously throughout the event lifecycle, and settle objectively at resolution.

### **Transferability**

Outcome Tokens are fully transferable on-chain assets. Once minted, they behave like standard tokens ([`ERC-6909` standard](https://eips.ethereum.org/EIPS/eip-6909)) and are not confined to a single interface or execution venue.

In practice, this means Outcome Tokens:

* Can be moved freely between wallets
* Can be held, transferred, or traded externally
* Are not bound to the 42 interface for ownership or custody

This ensures that eventcoins remain composable and interoperable, while still settling deterministically at resolution.

To dive deeper into how Outcome Token works, refer to the following sub-sections:

* [Pre-Resolution](/getting-started/protocol-mechanics-101/42-outcome-tokens/market-discovery-pre-resolution.md)
* [Post-Resolution](/getting-started/protocol-mechanics-101/42-outcome-tokens/post-resolution.md)


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