> For the complete documentation index, see [llms.txt](https://whitepaper.anttime.net/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.anttime.net/products-and-services/antarena/target.md).

# TARGET

Target Games are event-based prediction markets where users predict whether predefined market objectives will occur.

Unlike Flip Games, Target Games focus on:

* volatility,
* momentum,
* price targets,
* and competitive asset movement.

***

## Moonshot (BTC)

### Overview

Moonshot challenges players to predict whether Bitcoin can reach an aggressive target price within a limited time window.

***

### Core Mechanic

At the beginning of each round:

* a BTC target price is generated,
* positioned several percentage points above the current market price.

Players choose:

| Option | Meaning                       |
| ------ | ----------------------------- |
| YES    | BTC reaches the target        |
| NO     | BTC fails to reach the target |

***

### Settlement

The round resolves based on whether BTC touches the target price before expiration.

***

### Market Characteristics

Moonshot introduces:

* asymmetrical risk/reward structures,
* high-volatility opportunities,
* and potentially large minority-side payouts.

***

## Over / Under

### Overview

Over / Under is a macro-directional prediction market based on Bitcoin’s daily closing price.

***

### Gameplay

At the start of each cycle:

* a target price is established.

Players predict whether BTC will close:

| Option | Meaning                 |
| ------ | ----------------------- |
| OVER   | BTC closes above target |
| UNDER  | BTC closes below target |

***

### Round Structure

* Cycle Duration: 24 Hours
* Betting closes 1 hour before settlement

***

### Refund Rule

If BTC closes exactly at the target price:

* the round is voided,
* and all bets are refunded.

***

## Hot or Not

### Overview

Hot or Not is a volatility prediction game focused on whether BTC breaks outside a dynamically calculated volatility band.

***

### Volatility System

A market-sensitive volatility range is generated around the opening price.

The threshold automatically adjusts according to current volatility conditions.

***

### Player Choices

| Option | Meaning                     |
| ------ | --------------------------- |
| HOT    | BTC breaks outside the band |
| NOT    | BTC remains inside the band |

***

### Settlement Logic

Settlement is determined by:

* highest round price,
* lowest round price,
* and volatility boundary interaction.

***

## Race to X

### Overview

Race to X is a competitive momentum game between Bitcoin and Ethereum.

***

### Objective

Players predict which asset reaches:

* **+0.4% first**\
  from its opening price.

***

### Player Choices

| Option | Prediction             |
| ------ | ---------------------- |
| BTC    | Bitcoin wins the race  |
| ETH    | Ethereum wins the race |

***

### Settlement

* First asset to hit the target wins instantly
* Maximum round duration: 60 minutes

***

### Refund Conditions

If neither asset reaches the threshold:

* the round is voided,
* and all bets are refunded.