Turbo Mode
Last updated
Last updated
In Turbo Mode, the original seller deposits crypto as collateral, enabling subsequent traders to buy and sell points without additional collateral. Upon settlement, the original seller transfers tokens to all remaining buyers. Additionally, the original seller earns a maker bonus on every subsequent trade made from their original offer.
Turbo Mode unlocks the liquidity dynamics of points, reducing capital requirements and enhancing market liquidity for all traders.
Transaction #1: Alice's Sell Offer
Alice, a market maker, lists 1,000 points for sale at $1 per unit and deposits $1,000 as collateral.
Transaction #2: Bob's Purchase
Bob, a buyer, purchases 500 points from Alice for $500. Alice's Tadle dashboard shows $500 credited and available for withdrawal. Bob becomes the holder of 500 points.
Bob then places a maker order, listing the 500 points at $1.1 per unit, without needing to deposit collateral.
Transaction #3: Cathy's Purchase
Cathy buys 500 points from Alice for $500, which adds to Alice's available balance for withdrawal.
Transaction #4: Bob's Sale to Dany
Bob sells 500 points to Dany for $550 at $1.1 per unit. Bob's Tadle balance increases by $550, and Dany becomes the holder of 500 points.
Transaction #5: Dany's Relisting
Dany lists 500 points for sale at $2 per unit without requiring collateral.
Transaction #6: Evan's Purchase
Evan buys 200 points from Dany for $400 at $2 per unit. Dany's Tadle balance increases by $400, and Evan becomes the holder of 200 points.
The buy offer on Turbo Mode only supports one-level relisting.
As the Original Offer Maker, Alice posts a buy offer for 1,000 points with a unit price of $1 and pays $1,000 in advance to the platform's smart contract.
Bob accepts Alice's buy offer and sells 1,000 points to Alice. This transaction results in Bob having a sell-type inventory in his account.