⚙️How It Works

How to create and accept trades

• Creating a trade as a buyer - Click "Create Swap" and select what tokens you're looking to buy and how much you're willing to pay for them. You can ask to trade with only one seller (Full) or several (Partial). You will also be requested to deposit collateral - we will use these funds to complete your purchases. Once you have published the Order and a seller accepts it, you just need now to wait for the settlement phase to receive your assets. During the settlement phase, either the seller sends you the promised assets or, if they don't, you will instead receive their collateral in the same amount as the tokens you would otherwise have received.

• Creating a trade as a seller - Click "Create Swap" and select what tokens you're looking to sell and what collateral you're willing to put up for the trade. Much like when you're buying, you can select "Full" or "Partial" Sell Orders, which enable one or several buyers to fill your order respectively. You will be asked for collateral - this is the amount you have to place to ensure the buyer you will go through with the transaction upon receiving your assets at a later date. Once you have published the Order, others will now be able to accept it. When someone takes your Sell Order, you will need to send them the pre-agreed upon tokens during the settlement phase, otherwise you will lose your collateral. If you send the assets, your collateral will be refunded.

• Accepting a trade as a buyer - Click "Accept" next to any trade you would like to take. Once you do, you will be prompted for confirmation and payment. You will then need only wait for the settlement phase, during which you will receive your assets or the seller's collateral as compensation in the same amount as the tokens you would otherwise have received.

• Accepting a trade as a seller - Click "Accept" next to any "Buy" trade you would like to fill. Once you do, you will be prompted for confirmation and collateral payment. You will then need only wait for the settlement phase, during which you will have to send the Buyer the pre-agreed upon assets or lose your collateral instead.

Settlement phase

For every market there is a settlement phase. This is the period during which sellers must send buyers their assets or otherwise lose their collateral. Trades can be settled in the "My Profile" section and their date and announced in each market. Please stay updated with the settlement dates for each market you're involved with.

How to list your own pre-market

• Click "Create Market" in Mysticswap and fill out all relevant fields. Once you do, our team will review your application and open a line of communication on Telegram. Unless there is a pre-impediment, we will list your token at the date you have requested.

• You will be asked to verify with your X account, so we can verify the authenticity of the entity creating the market and know that the token actually belongs to you. So we know that, please verify with your project's account.