> For the complete documentation index, see [llms.txt](https://minute-markets.gitbook.io/minute-markets-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://minute-markets.gitbook.io/minute-markets-docs/minute-markets-documentation.md).

# Minute Markets Documentation

## Overview

Metera Minute Markets is a short-term prediction protocol that allows users to predict price movements of assets within all types of markets such as Crude Oil and BTC in continuous 5-minute cycles.

Users participate by selecting a direction (**Up or Down**) based on whether they believe the asset price will increase or decrease within a given round.

The system is built on the Cardano blockchain, ensuring:

* Transparent state tracking
* Deterministic outcomes
* On-chain settlement of funds

Markets run continuously, with no downtime between rounds.

### **Key Concepts**

* **Round**: A 5-minute prediction cycle
* **Up / Down**: Direction of price prediction
* **Oracle**: External system providing price data
* **lockPrice**: Price recorded when betting closes
* **closePrice**: Price recorded at market resolution
* **Continuous Markets**: Each round triggers the next


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