# Prediction Token Standard The Skywalk Prediction Token Standard is an open-source liquidity wrapper for tokenized prediction market positions. Tokens created using the standard share the following design properties: * Token standards adapt to underlying prediction market protocols * Each Prediction Token represents a specific outcome in a specific underlying prediction market * Prediction Tokens, once created, are **immutable** (non-upgradeable) and adhere to a specific `edition` of the standard * Each Prediction Token must be backed by an equivalent amount of the underlying prediction market position * Backing assets are isolated on a per-token / smart contract basis and are never commingled * There are no special minting or redemption privileges ### Benefits On-chain builders can expedite the onboarding of prediction market positions into their platform while users can be assured of the integrity of the asset wrapper and the security of their underlying assets. Builders also benefit from shared liquidity and composability when utilizing Skywalk Prediction Tokens. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://skywalk.gitbook.io/skywalk-docs/prediction-token-standard.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.