Protected Mode
Last updated
Last updated
In Protected Mode, all sellers, whether they are the original or subsequent ones, are required to deposit cryptocurrency as collateral. Upon settlement, each seller must transfer tokens to the buyer according to the trading sequence. This mechanism enhances buyer assurance and reduces default risks.
Transaction #1: Alice’s Sell Offer
Alice, the initial market maker, lists 1,000 points for sale at $1 per unit and deposits $1,000 as collateral.
Transaction #2: Bob’s Buy Offer
Bob buys 500 points from Alice for $500. This amount is credited to Alice's balance and is available for withdrawal.
Transaction #3: Bob’s Relisting
Bob, now a maker, lists the 500 points he purchased at a price of $1.10 per point and deposits $550 as collateral.
Transaction #4: Cathy’s Buy Offer
Cathy buys another 500 points from Alice at $1 per unit, paying $500. This amount is added to Alice's balance and is available for withdrawal.
Transaction #5: Dany’s Buy Offer
Dany buys 500 points from Bob at $1.10 per unit, paying $550. This amount is credited to Bob's balance and is available for withdrawal.
Transaction #6: Dany’s Sell Offer at a Lower Unit Price
Dany lists the 500 points at a price of $0.99 per point and deposits $495 as collateral into the smart contract.
Transaction #7: Evan Purchases From Dany
Evan buys 200 points from Dany, paying $198. This amount is credited to Dany's balance and is available for withdrawal.
However, if Dany decides to close the offer early, he retains the remaining 300 points, and the contract refunds $297, which can be withdrawn or used to restore the listing in Dany's balance.
If Dany decides to restore the listing, the offer price must remain $0.99 and cannot be changed. The offer will show a completion progress of 40%, and the wallet balance needs to be topped up accordingly.
⚠️Note: This applies regardless of the balance status in Dany's account.
The process is the same as in Turbo Mode.
The buy offer only supports one-level relisting.
As the Original Offer Maker, Alice posts a buy offer for 1,000 points with a unit price of $1 and pays $1,000 in advance to the platform's smart contract.
Bob accepts Alice's buy offer and sells 1,000 points to Alice. This transaction results in Bob having a sell-type inventory in his account.