Offers

The token's admin has the ability to directly sell tokens to other users for a fixed price. The idea behind this is that the admin might have created the token and made deals with friends, family or investors to sell the token for a fixed price. Using the offer feature, both parties can securely exchange their assets.

Creating an offer

The main thing to be set when creating an offer is to set the amount of tokens to be sold and what to receive in exchange. Additionally, the admin can decide to have the sold tokens vested. The vesting time frame starts from the creation of the offer, independent from when the offer is accepted.

Additionally, the offer has an end date regarding its validity. When the other party has not accepted or declined the offer, it will be automatically be treated as declined and the offered funds will be returned to the admin.

Accepting/declining an offer

If an offer was made to users, they can see it under Offers to me. They then have the option to accept or decline the offer. When declined, the offered tokens will be returned to the admin. When accepted, the asked funds will be taken from the user's wallet and sent to the admin wallet. The protocol takes a 0.1% fee. In exchange, the offered tokens will either be sent to the user or a vesting will be created. As vesting start date, the date on which the offer was created is used.

Cancelling an offer

Admins have the ability to cancel offers. In that case, the offered tokens will be returned to the admin address.