Example - OTC Trading

Trader A wants to exchange two NFT tokens for 1 ETH without having to account for excessively high seller fees that are typically seen.

Trader B is ready to buy these NFTs. Trader A creates an order in GigaSwap, deposits two NFT tokens, then sends a link to the trade to Trader B.

Trader B contributes 1 ETH to the application.

After both participants confirm their intention and agree to terms, the application checks the fulfillment of the conditions and, if the conditions are met, the smart contract exchanges assets: Trader A receives 1 ETH, and Trader B receives two NFT tokens. Thus, the transaction takes place without risk for both parties, in addition, both parties can cancel or revise the terms of the exchange prior to execution.