# KAIOS V8.2 Market Standard

## Definition

Market is the shared discovery layer created by many transactions. V8.2 Market is Prototype / Simulation. It supports Buy, Sell, Auction concept, Order Book concept, Price Discovery and Liquidity concept without executing real trades.

## Market Runtime Functions

| Function | Scope | Boundary |
|---|---|---|
| Buy | Simulated demand event | No real settlement in V8.2. |
| Sell | Simulated supply event | No custody or transfer in V8.2. |
| Auction | Concept / Simulation | Requires future rules before Production. |
| Order Book | Concept / Simulation | Display model only. |
| Price Discovery | Simulation | Not investment advice or price prediction. |
| Liquidity | Concept / Simulation | No real liquidity custody. |

## Market Fields

- `market_id`
- `market_type`
- `civilization_id`
- `exchange_id`
- `listing_count`
- `transaction_count`
- `simulated_volume`
- `price_discovery_model`
- `liquidity_score`
- `risk_level`
- `status`

## Rules

1. Many Transactions create one Market signal.
2. Market signal feeds Civilization health.
3. Market may read Exchange and Bank simulation metrics.
4. Regulated market operations require future Production and Regulated review.