Ha! Finally, this was explained to me. Was chatting about this with @nonsowrites a while ago, check it out 👇 Link to X thread in the comments
Ha! Finally, this was explained to me. Was chatting about this with @nonsowrites a while ago, check it out 👇 Link to X thread in the comments
so both buyer and seller are putting something down. Interesting concept. Risky? Yes.
Somewhat risky, yes. But to think of it, a smart contract like this is the only way to make it work.
Damn, this was really troubling me for days! 😅
That's quite interesting. At least the seller gets the collateral if the buyer does not fulfill the agreement.
Yeah, of course, there's risks involved like in anything crypto-related but it's a pretty foul-proof way to sell not-yet-launched tokens. Smart contracts are awesome!