What are Toobit Event Contracts?

Introduction

The crypto market loves complexity, but not everyone has the appetite for leveraged chaos and 3:00 AM margin calls. That’s where Toobit Event Contracts step in; a new product designed to strip trading down to its essentials.

 

It works like a straightforward call: will the price go up or down within a set time frame? Your potential loss is capped, your payout is fixed, and you won’t wake up to a surprise liquidation.

 

How does Event Contract work?

Event Contracts are built around short-term predictions. You pick an underlying asset like BTC or ETH, choose an expiration time (anywhere from 2 minutes to an hour), and decide whether the price will be higher or lower at settlement.

 

If you’re right, you get a fixed payout. If you’re wrong, your loss is limited to the initial amount you staked. That’s it; no hidden fees, no margin calls, and no spiraling losses.

 

How to buy and where to buy?

Step 1: Select an underlying asset.

Log in to your Toobit account and navigate to the “Derivatives” section to choose the asset you want to trade.

Step 2: Set the expiration time.

Choose your desired contract duration, with options ranging from 2 minutes, 5 minutes, 10 minutes, 30 minutes, or 60 minutes.

 

Step 3: Enter the trade amount.

Input the amount you want to trade, which is the maximum amount you're willing to risk (from 2 to 100 USDT). You will see the potential payout before you confirm.

 

Step 4: Choose the direction.

Decide whether you believe the price of the asset will be "Higher" or "Lower" at the expiration time and then confirm your order.

At expiration, the system settles the result automatically. If the price sits exactly at your entry level, you break even and get your stake back.

 

Advantages of Event Contracts

Why bother with Event Contracts when futures and options already exist? Because they cut out the drama:

 

Controlled risk, no liquidation: your loss never exceeds your stake.

Simple structure: a binary choice (higher or lower).

Fast settlements: no endless waiting for expiry.

Low barrier to entry: you can start with as little as 2 USDT.

 

For newer traders, it’s an approachable way to participate in volatility. For veterans, it’s a clean, no-nonsense tool to express market views without micromanaging positions.

 

How are Event Contracts different from other contracts?

Event Contracts are not the same as traditional futures or options. While traditional futures are staked to the expected prices of commodities or financial instruments, Event Contracts are based on a binary, yes-or-no outcome.

 

Unlike futures contracts that require margin deposits and have risks like liquidity and basis risk, Event Contracts have low margin requirements since the maximum potential loss is known upfront and is often the full amount of the contract.

 

Also, unlike traditional derivatives, which can have complex structures and leverage, Event Contracts are straightforward and require no leverage. This significantly lowers the barrier to entry for users who want to participate in market volatility without navigating complex derivative structures.

 

In essence, if traditional futures are a complicated chess match, Event Contracts are a simple game of tic-tac-toe. They're a way for retail traders to speculate on market movements with an uncomplicated, user-friendly, and fixed-risk tool.

 

Trade Event Contracts for a shot at 60,000 USDT

Alongside the launch of Event Contracts, we’ve also rolled out a 60,000 USDT trading event, giving traders a chance to claim rewards from the prize pool and even earn back losses from Event Contract trades.

 

Event 1: Trade and get compensated for your losses

Yes, you read that right. Place a trade of 5 USDT or more on BTC or ETH Event Contracts. If it goes south, you’ll receive your Trial Funds equal to your loss, up to 50 USDT. The weekly pool is capped at 10,000 USDT, and losses are based on your highest loss amount during the 7-day cycle. You can cash in up to three times (maximum reward of 50 USDT), but be quick, rewards are handed out first-come, first-served.

 

Event 2: Rank among the top in the leaderboard and win big

Think your predictions are sharper than everyone else’s? Prove it. Make at least 5 predictions, each for over 50 USDT, and your ranking will be based on your prediction success rate. Every week, 10,000 USDT in Trial Funds is up for grabs:

 

Top 1: 1,500 USDT

Top 2–5: 800 USDT each

Top 6–10: 400 USDT each

Top 11–50: 50 USDT each

Top 51–100: 26 USDT each

 

It’s simple: the better your calls, the bigger your cut.

 

Final thoughts

Toobit’s Event Contracts may feel a little too simple for an industry that often thrives on overcomplication. They’re direct, limited-risk, and designed with accessibility in mind.

 

The real question is: can this simplicity capture enough trader interest in a market that sometimes prefers the thrill of complexity? That is what will make Event Contracts worth watching.

 

For more information, please refer to the announcement page.