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the_trade_portal_-_info [08/25/2021 20:01] – gfactor | the_trade_portal_-_info [11/16/2021 13:26] – [Functionality] gfactor | ||
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All that is necessary for the user, is leaving their core running. | All that is necessary for the user, is leaving their core running. | ||
- | **Important note:** If you wipe your database then you will lose access to any funds tied up in trades (QORT or LTC). For pretty much the same reason as if you wiped your Litecoin wallet DB. | + | **Important note:** If you wipe your database then you will lose access to any funds tied up in trades (QORT, DOGE or LTC). For pretty much the same reason as if you wiped your Litecoin wallet DB. |
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+ | ===== Additional Notes ===== | ||
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+ | The trade portal is peer to peer and quite a complex sequence of communications need to take place betwen the buyer and seller' | ||
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+ | That being said, it's likely that a lot of these issues could be detectable upfront - e.g. we may be able to better screen out offers where the buyer’s or seller' | ||
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+ | We will try and look into this particular sell offer as soon as we can to see if anything can be improved in the next version(s). | ||
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+ | Currently, if the node that listed the sell offer is in a bad state, all attempts to buy it will be refunded (after 1 hour or more). The sell order disappears from the list as soon as the selling node acknowledges that there is a buyer - we refer to this as " | ||
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+ | When we're dealing with cross-chain trades, there is no way to avoid the transaction fees on the chains involved. That’s just part of the deal when you're taking the middle man out of the scenario. Whether the trade fails to complete and is refunded, or completes, there will be a TX fee on the LTC chain. That will never change. The tx fee is very low and we can't be thinking of this like a centralized exchange, it isn't one. It is far superior in every way; exchanges are manipulated at best, and straight up scams at worst. | ||
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+ | QORT will eventually go feeless on QORT side for trades, but there' |