Each transaction requires irrevocable commitment described in SoftMetals T&Cs.
When a seller places an offer on the platform, they are bound to transfer the title to the buyer as soon as the bid matches the parameters of their offer. This commitment is similar to conditional release to yet unknown buyer, traditionally used for offline metal trading, but with the buyer yet to be matched by price and parameters.
When a buyer makes a bid on the platform, they are bound to promptly make payment in FIAT currency (USD).
To simplify the settlement process, SoftMetal will support crypto exchanges as soon as CBDC (Central Bank Digital Currency) or another appropriate cryptocurrency becomes feasible.
Full terms and conditions coming soon.
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