For example, consider a market on the number of inches of rainfall in Chicago in April. If the Denomination is inches, the range is 0 to 3, and the precision is set to 1, then traders can buy or sell shares at 0, 1, 2, or 3. If the precision is set to .1, traders can buy or sell shares at 0, .1, .2 β¦ 9.8, 9.9, 10.