Welcome! To ensure everyone can trade with confidence, this guide explains exactly how our trading platform works, from the order book to our fair and transparent fee system. Our platform is a peer-to-peer (P2P) marketplace where you trade directly with other users.
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???? How Trading Works
???? The Order Book: Understanding Asks & Bids
The Order Book is the heart of the market, showing all current buy and sell offers from other users. It's split into two sides:
- Asks (Sell Offers): A list of offers from users who want to sell a token. The offer with the lowest price is always at the top, representing the best deal for buyers.
- Bids (Buy Offers): A list of offers from users who want to buy a token. The offer with the highest price is always at the top, representing the best deal for sellers.
How to Place an Order
We offer two simple ways to trade:
1. Click-to-Fill (The Easiest Way):
- To buy a token, simply click on any offer in the "Asks" (Sell Offers) list. The price and amount will automatically fill into your "Buy" form.
- To sell a token, click on any offer in the "Bids" (Buy Offers) list. The details will instantly populate your "Sell" form.
- You can then adjust the amount if you wish and click the final button to place your order!
2. Create Your Own Offer (Limit Order):
- If you don't see a price you like, you can set your own.
- Simply enter your desired `Price` and `Amount` in the "Buy" or "Sell" form and submit. Your new offer will be placed in the Order Book, waiting for another user to match with it.
Trading Fee Explained (0.5%)
To keep things simple and fair, our 0.5% trading fee is applied exclusively to the seller upon a successful trade.
- For the Buyer: You are never charged an additional fee. If you buy 100 FREEPOWER for $10, you pay exactly $10 and receive the full 100 FREEPOWER.
- For the Seller: The 0.5% fee is deducted from your sale proceeds.
- Example: You sell 100 FREEPOWER for a total of $10.00.
- The fee is `0.5% * $10.00 = $0.05`.
- You will receive $9.95 in your wallet.
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We've designed our platform to be as straightforward and transparent as possible. We hope this guide helps you get started. Happy trading!