# Glossary

**Eventcoins**\
A new asset class representing mutually-exclusive outcomes of a future event, issued as fully transferable tokens that trade continuously and settle objectively at resolution.

**42 Market**\
A novel launchpad-like market structure where prices evolve continuously during the event, but final payouts are determined collectively at resolution from the total collateral pool.

**Outcome Tokens**\
ERC-6909–style tokens representing a specific outcome of an event. They are fully transferable during the market lifecycle and exhibit ERC-20–like behaviour. Upon resolution, the winning Outcome Token(s) redeem a pro-rata share of the total collateral pool.

**Power Curve**\
The endogenous pricing function that governs minting (buy) and redemption (sell) of Outcome Tokens based on supply and orderflow.

**Redeem Tax**\
A dynamic market-level spread applied on redemption that reflects supply impact, liquidity depth, and time-to-resolution, with proceeds retained in the settlement pool.

**Resolution**\
The deterministic process by which a single outcome is declared correct based on predefined rules and oracle inputs.


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