# Position Tokens (ERC-1155)

### **What You Get**

Every commitment mints an ERC-1155 token with:

* **Token ID**: Encodes market + outcome
* **Amount**: Your commitment size
* **Metadata**: Timestamp, beta weight, market details

### Token Purpose

Position tokens serve as:

* **Proof of commitment**: Verifiable on-chain record
* **Claim mechanism**: Required to claim payouts
* **Portfolio tracking**: View all your market positions

**Important Note**: Position tokens are non-transferable and should not be traded. They exist as proof of your commitment and for claiming payouts.

## Creating Your First Market

### Step-by-Step Guide

1. Navigate to Create Market

* Click "Create Market" in navigation
* Fill out market creation form<br>

2. ### Define Event Details

* Bellow $50,000
* $50,000 - $75,000
* $75,000 - $100,000
* $100,000 - $150,000
* Above $150,000

2. ### Set Timeline

* Market opens: May 1, 2025 00:00 UTC
* Market closes: Dec 31, 2025 22:00 UTC
* Resolution time: Jan 01, 2026 00:00 UTC<br>

4. ### Configure Parameters

* Beta open: 5.0 (5x multiplier for early commitments) - Optional
* Commitment token: USDC
* Minimum commitment: $10<br>

5. ### Submit Transaction

* Confirm transaction in wallet
* Wait for confirmation

6. ### Share Your Market

* Copy market link
* Share on social media, Discord, Twitter
* Build liquidity to reach threshold
* Graduate to Public Markets page