# Important Notes

### Staking Limits

When participating in NOVA Ops, users must adhere to the following staking limits:

* **Minimum stake:** 10,000 tokens
* **Maximum stake:** 10,000,000 tokens

#### Bonuses

* **Small stakes** (10,000 tokens) earn **small bonuses**.
* **Large stakes** (1,000,000 tokens or more) earn **the highest bonuses**.

#### Penalties

* Losing predictions **incur penalties**, reducing the payout.

### Key Features

#### Token-Based Predictions

* Users stake a specific token (**xyzToken**) to make predictions.
* The contract holds the staked tokens until the prediction is settled.

#### Prediction Types

* Users can predict whether the price of an asset will go **up ("long")** or **down ("short")**.

#### Bonuses and Penalties

* **Winning predictions** may earn **bonuses** based on the amount staked.
* **Losing predictions** may incur **penalties**, reducing the payout.

### BinaryOptions Smart Contract Documentation

The **BinaryOptions smart contract** is a decentralized application that allows users to make predictions on asset price movements. Users stake tokens to support their predictions, and based on the outcome, they either win or lose their stake, with potential **bonuses or penalties** applied.

#### How It Works

1. **User stakes tokens** and selects a prediction (**long or short**).
2. **Smart contract holds tokens** until the prediction is resolved.
3. **Outcome is determined** based on real-time price movements.
4. **Winning users** receive payouts with possible **bonuses**.
5. **Losing users** receive penalties, reducing their payout.
