User flow
Our platform offers a robust and secure environment designed for the pre-launch trading of tokens. By leveraging smart contracts on the Ethereum blockchain for transactions involving Ethereum (ETH) and employing a secure hot wallet system for Bitcoin (BTC) transactions, we ensure that both collateral management and trade executions are handled with the utmost security and efficiency. This guide provides a detailed walkthrough for both sellers and buyers, outlining the steps involved from registration and listing to the completion of transactions and beyond.
For Sellers: How to Get Started
1. Registration and Listing
Registration: Begin by registering on the platform. You'll need to provide essential information, including your wallet address, to get started.
Token Listing: List your BRC20 tokens or Ordinals for sale by detailing the specifics of the tokens and setting your preferred selling price.
2. Collateral Deposit
ETH Transactions: For transactions on the Ethereum chain, you are required to deposit a predetermined amount of ETH as collateral into a designated smart contract.
BTC Transactions: In the case of Bitcoin transactions, the collateral should be deposited into the platform's securely managed hot wallet.
3. Transaction Completion
Verification and Matching: After a buyer places an order for your listed token, the platform conducts a verification of the token details and proceeds to match the order with your listing.
Fund Transfer: Once verification is successful, the transaction is executed. The funds are transferred from the buyer to you, the seller, and your deposited collateral is subsequently released back to you.
For Buyers: Finding and Purchasing Tokens
1. Finding Tokens and Placing Orders
Token Search: Explore the listings on the platform to discover tokens you're interested in purchasing.
Order Placement: After identifying a token, place an order to lock in the purchase amount.
2. Completing the Purchase
Transaction Verification: The platform verifies the order and initiates the token transfer from the seller to you, the buyer.
Receiving Tokens: Upon the successful completion of the transaction, the tokens are transferred to your wallet.
Post-Transaction Process
For Unmatched Orders:
Refunds: If an order does not find a match within a 24-hour window, the platform automatically processes a refund of the locked purchase amount to the buyer and returns the collateral to the seller.
Incomplete Orders:
Orders that remain incomplete on the seller's part result in the release of the seller's collateral to the buyer as compensation for the time spent waiting. Specifically, for Pre-Market token allocations, the seller has 24 hours post-TGE (Token Generation Event) to settle the order, failing which the collateral is released to the buyer.
Dispute Resolution
Resolution Mechanism: In the event of disputes, the platform features a resolution mechanism managed by platform administrators. This ensures that resolutions are fair and secure, protecting the interests of both parties involved.
This guide aims to furnish both sellers and buyers with clear and straightforward steps for engaging in secure and efficient pre-launch token trading on our platform. Through the strategic integration of smart contracts for ETH transactions and the utilization of a secure hot wallet for BTC transactions, our platform guarantees a reliable and trustworthy trading environment for all users.
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