# Market FAQs

### 1. **What is Market?**&#x20;

Market is the secondary market where users buy and sell Tokenized Interest with one another after MintBox issuance ends.

Each card has its own independent market. In Market, what you buy and sell is not the physical card itself, but the Tokenized Interest corresponding to that card — your position in that card market.

### **2. Market.Cards does not charge a platform trading fee. Where are the trading costs?**&#x20;

Market.Cards currently does not charge users a separate platform trading fee. This does not mean trading has no cost at all.

Secondary-market trades may involve a bid-ask spread. Put simply, there's usually a gap between what a buyer will pay and what a seller will accept. The platform or liquidity provider may generate secondary-market trading revenue from that spread.

### **3. What is the difference between a Limit Order and a Market Order?**&#x20;

**Limit Order** is an order where you set the price yourself. When buying, you set the highest buy price you are willing to accept; when selling, you set the lowest sell price you are willing to accept. The order only fills when a counterparty meets your price.

**Market Order** is the better choice when speed matters. On Market.Cards, a market order is essentially an automatically priced limit order: the system estimates a possible execution price based on current order-book depth and your trade size, and submits the order after you confirm.

### **4. Will a Market Order always execute immediately?**&#x20;

Not necessarily. A Market Order is intended to execute quickly, but it is not guaranteed to execute in full.

If the order book changes at the moment you confirm, the order may be partially filled, fail to execute, or have the remaining portion expire or be canceled. The final execution price will not be higher than the price you confirmed when buying, or lower than the price you confirmed when selling, subject to what the page displays and the applicable platform rules.


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