🚚Delivery Stage

The delivery stage is a crucial part of the pre-market trading process, where the transfer of tokens and collateral takes place based on the seller's actions. Below is a breakdown of the key scenarios and actions that occur during this stage

1. If Seller Completes Token Delivery

• Token Distribution: The seller successfully distributes the agreed-upon tokens to the buyer within the specified delivery duration.

• Actions Required by Seller:

  • The seller must navigate to the History page, connect their wallet, and deposit the tokens to complete the delivery process.

  • If the seller fails to deposit the tokens, their collateral will automatically be transferred to the buyer as compensation.

• Automatic Actions:

  • The buyer's deposit is returned to them.

  • The seller's collateral is returned upon successful delivery.

• Outcome: The tokens are transferred to the buyer, and both parties receive their respective deposits/collaterals back.

2. If Seller Defaults on Delivery

• Default: The seller fails to deliver the tokens within the agreed timeframe.

• Non-Automatic Action:

  • The buyer must manually claim the order after the seller defaults.

• Automatic Actions:

  • The buyer's deposit is returned to them.

  • The seller's collateral is forfeited and transferred to the buyer as compensation.

• Outcome: The buyer is compensated for the seller's failure to deliver, ensuring that the buyer's interests are protected.

Additional Rules During the Delivery Stage

• Offer Cancellation: Once the delivery stage begins, you can cancel your offer at any time, if it hasn't been accepted by a buyer yet. This allows sellers the flexibility to withdraw their offer if they are unable to fulfill it.

• Restricted Buying: Once the delivery stage has started, no new purchases can be made for that offer. This measure is in place to prevent any pump-and-dump schemes that could occur around the Token Generation Event (TGE). This ensures a fair and stable trading environment for all participants.

On the History page, when the delivery time is set, the "Claim" button will become available if the tokens are not delivered within 24 hours.

Key Points to Remember

• Delivery Duration: The delivery stage is time-sensitive, 24 hours from the Token Generation Event (TGE) time. It's hardcode on smart-contract and when type of token will be setted 24 hours to count.

• Seller Responsibility: The seller must complete the token delivery process by interacting with the platform. Failure to do so results in the loss of their collateral.

• Automatic vs. Manual Actions: Automatic actions (in blue) are handled by the smart contract, ensuring smooth and fair transactions. Manual actions (in pink) require user intervention, such as the buyer claiming the order if the seller defaults.