Glossary
Ad (Advertisement)
A post shared publicly in the Ad-Board stating the intent by a Maker to engage in future transactions under some preset conditions and using a specific payment method.
Ad-Board
The view where the Takers can scroll, sort and filter the public Ads available in search of one that is appealing to their current interests.
Appeal
The act of disputing the results of a transaction. Only Orders can be disputed. Disputes can span from simple miscommunications or failed timelines up to malicious intent.
Buyer
The party that is buying the cryptocurrency using fiat or one of the allowed tokens as payment. Buyers can respond to Ads (Takers) or create one (Makers).
Maker
A user that creates an Ad stating its intent to engage in future transactions with any counterparty that is willing to do so, under the conditions specified in that Ad.
Offer
The act, taken by the Taker, of stating the desire to engage in trade with a certain Maker under the conditions defined by an Ad. It precedes the Order.
Order
The agreement of both parties to engage in a transaction. An Order is generated by the act of a Maker accepting an Offer made by a Taker.
Seller
The party that is selling the cryptocurrency and expects payment in either fiat or another of the available tokens. Sellers can respond to Ads (Takers) or create Ads (Makers).
Taker
A user decides to engage with an existing Ad from the Ad-Board by making an Offer.
Transaction
The exchange of one of the available tokens for either another token or fiat currency (using a specific payment method).
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