Glossary

Term	Definition
Conditional token	A token represents a stake in a specific Yes/No outcome in a Market. The price of a token can fluctuate between 0−0−1 based on the market belief in the outcome. When a market resolves, the token associated with the correct prediction can be redeemed for $1 USDC.
Market	A prediction market centered around a specific question or event (e.g. “Will BTC be above $100k on Dec 31?”).
Outcome	A specific, mutually exclusive result of a Market. Common examples include YES/NO for binary markets. Each Outcome corresponds to its own Conditional Token that traders can buy, sell, and redeem after Resolution.
Resolution	The process of determining the final Outcome of a Market based on predefined rules and an agreed source of truth (oracle, official data, etc.). Once a Market is Resolved, Conditional Tokens for the winning Outcome can be redeemed for $1 USDC each, while losing tokens settle at $0.
Zetachain Network	A universal, cross-chain blockchain that lets apps manage assets and smart contracts across multiple networks (including non-EVM chains like Bitcoin) through a single EVM-based platform.
Pyth	A decentralized oracle network that publishes on-chain price feeds for assets. Conviction uses Pyth’s on-chain prices as the resolution source for price-based markets.