Do I need to own the skin?
No, and you never get one. You're trading the price, and it pays out in cash. Your inventory isn't involved
at any point.
Where does the price come from?
Three venues, all public and all free. Skinport for what the skin is listed at right now, Steam's own
market for what it sold for there, and CSFloat for the daily sale history going back years. The price you
trade against is the median of the three, so one marketplace being pushed around by a wash trade or a silly
listing moves it by nothing. Each source is shown on the desk with how far it sits from the median.
How is volatility worked out?
From the daily sale history. The raw daily average is too noisy to use directly, because every copy of a
skin sells under the same name no matter its float or stickers, so a single unusual copy can double a day's
average. Measured raw, an AK Redline comes out at 650% volatility, which is nonsense. So we take a two week
median first to strip out which copies happened to sell, then measure how much that moved week to week. The
listed markets land between 15% and 71%.
Can I trade right now?
Yes, on paper. Both desks work with the real price and real pricing maths, and your positions are saved in
your browser. Real settlement is waiting on the contract going live.
What about the token?
$CSTRADE hasn't launched. When it does, holding it will get you cheaper fees on both desks. Until then
everything is open to everyone.