Qortal Project

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trade_portal_overview [04/22/2023 19:28] – [Atomic Swaps] gfactortrade_portal_overview [06/18/2025 20:15] (current) – crowetic
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 {{ :qortal_trading_portal_infographic_2020_english.jpg?direct&600 |}} {{ :qortal_trading_portal_infographic_2020_english.jpg?direct&600 |}}
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 +=====This page is outdated, updates to it will take place over time. =====
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 +=== Information Related to the underlying workings of the 'Trade Portal' (The built-in trade platform of the now-deprecated Qortal UI) are the same as the underlying workings of Q-Trade. Both of them rely upon the Qortal Core and leverage ultimately the same API endpoints in the Qortal Core to make trades happen. This information being outdated does not apply to the underlying functionality of any of the TRUE cross-blockchain trades that are possible leveraging Qortal, and as such, has been kept here until more in-depth updates can take place. ===
  
 Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely most are. The idea of the Trade Portal is to provide true peer-to-peer (p2p) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, and 2) depositing assets into a wallet or temporarily releasing control of assets during a trade. Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely most are. The idea of the Trade Portal is to provide true peer-to-peer (p2p) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, and 2) depositing assets into a wallet or temporarily releasing control of assets during a trade.
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 The Trade Portal is a system that makes use of the ACCT system by the CIYAM developers (http://ciyam.org) with which to make completely cross-chain coin/token trades. The system currently allows for completely cross-chain trades between QORT and other coins so users NEVER RELINQUISH CONTROL OF THEIR ASSETS and never have to 'deposit' assets in order to make trades. This allows for COMPLETE SECURITY. Never again, will there be worry about centralized exchanges failing, and taking with that failure, users' assets. The Trade Portal is a system that makes use of the ACCT system by the CIYAM developers (http://ciyam.org) with which to make completely cross-chain coin/token trades. The system currently allows for completely cross-chain trades between QORT and other coins so users NEVER RELINQUISH CONTROL OF THEIR ASSETS and never have to 'deposit' assets in order to make trades. This allows for COMPLETE SECURITY. Never again, will there be worry about centralized exchanges failing, and taking with that failure, users' assets.
  
-As time goes on, and development progresses, support for more third party blockchain coins will be implemented into the system. Also, Qortal will provide a platform for projects to build on Qortal and have their own token, so those will be available to Qortal's users in the Wallets and Trade Portal features. A token is a digital unit of value that represents an asset or utility. Unlike coins, tokens do not have their own blockchain and are issued on top of existing networks. So to clarify, QORT is not a token - it is a coin. Qortal is a stand-alone blockchain, it’s native asset QORT is therefore a coin. Assets built on Ethereum’s blockchain are tokens, whereas ETH is a coin itself. Therefore, projects with their own assets that are built on Qortal will be tokens by definition. +As time goes on, and development progresses, support for more third party blockchain coins will be implemented into the system. Also, Qortal will provide a platform for projects to build on Qortal and have their own token, so those will be available to Qortal's users in the Wallets and Trade Portal features. A token is a digital unit of value that represents an asset or utility. Unlike coins, tokens do not have their own blockchain and are issued on top of existing networks. So to clarify, QORT is not a token - it is a coin. Qortal is a stand-alone blockchain, its native asset QORT is therefore a coin. Assets built on Ethereum’s blockchain are tokens, whereas ETH is a coin itself. Therefore, projects with their own assets that are built on Qortal will be tokens by definition. 
  
 Votes in the system will be the primary factor as far as which new coins/tokens will be added, however, a vote is not a guarantee of listing, there will also be an independent verification done on the project pre-listing, to ensure only the most quality projects are listed in the Trade Portal. For now, we have two coins to provide a gateway to obtain QORT and the DevTeam can focus on other priorities. Votes in the system will be the primary factor as far as which new coins/tokens will be added, however, a vote is not a guarantee of listing, there will also be an independent verification done on the project pre-listing, to ensure only the most quality projects are listed in the Trade Portal. For now, we have two coins to provide a gateway to obtain QORT and the DevTeam can focus on other priorities.
trade_portal_overview.1682206098.txt.gz · Last modified: 04/22/2023 19:28 by gfactor

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