iCoordinates.xyz
  • iCoordinates
    • Introduction
    • Getting Started
  • Features
    • Purchase Coordinates
    • Return Coordinates
    • Sell Coordinates
    • Auction Coordinates
    • Offer System
    • Lucky Draw
  • Operations
    • Owners of Coordinates
      • Customize Your Coordinates
      • Transfer Ownership of Your Coordinates
      • Return Your Coordinates
      • Putting Coordinates on Sale
      • Change Coordinates Price
      • Retract Coordinates from Sale
      • Put Coordinates on Auction
      • Cancel Auction for Your Coordinates
      • Confirm Auction as Owner
      • Accept Offer
      • Claim Lucky Draw Reward
    • Non-Owners of Coordinates
      • Purchase Coordinates
      • Buy Coordinates on Sale
      • Bid on Coordinates
      • Confirming an Auction
      • Making an Offer for Coordinates
      • Canceling an Offer
  • Protocol Accounts
    • Matrix Information
    • Coordinates
  • Developer
    • Smart Contract
      • Accounts
      • Error Code
      • Instructions
    • Integration with the Protocol
  • Terms and Policies
    • Terms and Conditions
    • Privacy Policy
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On this page
  • 1. Making an Offer
  • 2. Offer Management for Sellers
  • 3. Ownership Transfer Process
  • 4. Cancellation Option for Offerers
  • 5. Transparent Offer Process
  • 6. Enhanced Opportunity for Sellers
  1. Features

Offer System

The offer system is a valuable feature that allows users to express interest in acquiring specific coordinates. Here are the key features of the offer system:

1. Making an Offer

  • User's Initiative: Any user can make an offer for coordinates owned by another user, expressing their desire to acquire ownership of those coordinates.

  • Flexible Offer Amounts: Users have the freedom to propose their preferred offer amount. Higher offers increase the likelihood of the offer being accepted.

2. Offer Management for Sellers

  • Viewing All Offers: Sellers can easily access and view all the offers made for their coordinates, providing them with a clear overview of potential buyers' interest.

  • Acceptance Decision: Sellers can review the offers and make an informed decision to accept an offer, initiating the ownership transfer process.

3. Ownership Transfer Process

  • Secure Transfer Mechanism: Upon accepting an offer, the ownership of the coordinates is transferred to the offerer, ensuring a secure and seamless ownership transition.

  • Bid Amount Deduction: The bid amount offered by the buyer is automatically deducted from their account, completing the transaction.

4. Cancellation Option for Offerers

  • Cancellation Privilege: Offerers have the option to cancel their offer if it has not been accepted. This feature provides flexibility and ensures users can manage their offers effectively.

5. Transparent Offer Process

  • Visibility: The offer process is transparent and accessible to both sellers and offerers, enabling a fair and open transaction process.

  • Real-Time Updates: Participants can monitor the status of their offers in real time, providing clarity and facilitating timely decision-making.

6. Enhanced Opportunity for Sellers

  • Flexible Decision Making: Sellers can weigh multiple offers and make an informed decision based on the bid amount, giving them the freedom to choose the best offer for them.

  • Offerer Engagement: By reviewing and accepting offers, sellers can engage with potential buyers, fostering a sense of community within the platform.

The offer system offers an efficient and user-friendly approach for users to express their interest in acquiring coordinates. Whether you're a seller or an offerer, the system ensures a seamless and transparent transaction process. If you have any further inquiries or require additional assistance, please feel free to reach out!

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Last updated 1 year ago