Settlement Rules

If a buyer and a seller are matched, after the Token Generation Event (TGE), the seller should transfer tokens to the Premius Market contract. Then there are two situations:

1. The seller fulfills the order and transfer the token.

The contract then verifies the transaction and releases the tokens to the buyer, and the buyer’s deposit along with the seller’s collateral are transferred to the seller. A transaction fee of 2% order value will be deducted for both the deposit and the collateral.

1. The seller fails to fulfill the order

If the seller fails to fulfill the order, the buyer will receive both the seller’s collateral and their own deposit. A transaction fee of 2% order value will be deducted for both the deposit and the collateral.