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How to: Make a first trade

Ignite Market uses a prediction-market AMM where you buy and sell outcome shares priced between 0 and 1 collateral token (e.g. USDT0, FXRP). Buying shares is similar to placing a bet: the more likely an outcome, the higher the price.

Before you start​

  • Make sure your wallet is connected and funded with market's collateral token on the Flare network.
  • Keep a small amount of FLR in your wallet to cover gas fees - if not you will be prompted to swap some.
  • If it's your first trade, your wallet will ask you to increase allowance so the protocol can spend collateral token on your behalf. This is a one-time approval.
Market size limit

For risk-management reasons, each trade (buy or sell) is capped at 10 % of the market's total liquidity. If you try to enter an amount above that threshold, the app will automatically clamp it to the maximum allowed size.

Step-by-step: Buying shares​

  1. Open a market you're interested in (e.g. "Will the US unemployment rate for July 2025 be 4.0 % or higher?").
  2. In the order panel on the right, switch to the Buy tab and select the outcome (Yes / No).
  3. Enter the amount of collateral token you'd like to spend, or use Max to invest your full balance.
  4. Review the avg price, shares received, and potential return.
  5. Click Buy. A two-step modal will appear:
    1. Increase allowance – sign an approval transaction (only the first time).
    2. Confirm transaction – sign the buy transaction.
  6. Wait a few seconds for the block to confirm. You'll see a Congratulations! dialog once the trade is executed.
  7. Your new position now shows up below the chart, and your balance is updated.
tip

You can always sell your shares before market resolution. Switch to the Sell tab, enter the number of shares, and confirm the transaction.

Step-by-step: Selling shares​

  1. Navigate back to the market page where you hold a position.
  2. In the order panel, switch to the Sell tab. The outcome you hold (Yes / No) is pre-selected.
  3. Enter the number of shares you wish to sell, or click Max to liquidate the entire position.
  4. Review the avg price, Collateral received, and potential P/L.
  5. Click Sell and confirm the single on-chain transaction.
  6. After a few seconds, you'll see a confirmation dialog. Your shares are burned and the proceeds are credited to your wallet.
tip

Need liquidity before resolution? Selling shares lets you exit early and lock in profits (or limit losses).