P2P Match Maker - First Look
Channel: TheMorphium
Date: 2023-02-01

This is a first look at the new P2P Match Maker asset trading system for Cardano.  The Bot can run in any Discord Guild, and will alert on new available listings.

The users can barter with each other until they are both happy.  After that, they go to web platform to multi sign a single transaction between each other.

The system will collect its 2 ada fee, as well as any royalties needed.  Royalties are based on 1) A valid 777 token on the policy, and 2) The negotiated terms between both parties includes Ada, and 3) The calculated royalties is as at least 1 ada.

There is no smart contract, as the transaction is distinctly between both parties.  Only policy IDs that have been added to the system can be used, which greatly mitigates fraud potential.  Nothing is ever sent until both parties sign the transaction.

Also in this system is the addition of Safe Phrases, which keep you safe from fake bots.