How to use guarantee transaction tool
The use of Armourtraders' secured transaction tools requires both parties to reach a consensus and operate according to the different roles of the two parties. The specific definitions of roles are as follows:
PartyA is the buyer role who needs to exchange tokens for goods in the transaction. He needs to create a guarantee contract and lock the Token in the contract.
PartyB is the seller role who needs to exchange the goods for tokens. After the goods are delivered to PartyA, PartyB can withdraw the tokens locked in the contract
To be start
Both parties should use their wallet connect to ArmourTraders,get in to the Secured Transaction page
Step 1:partyA create a contract and lock the token
Party A enters the address of Party B, selects the currency, and clicks the Create button after entering the quantity. The exclusive guarantee contract belonging to Party A and Party B will be created and the Token lock will be completed
After the block is confirmed, PartyA and PartyB will receive a notification that the asset has been locked in the smart contract.
PartyA and partyB can get the specific info in the order page
Step2:partyB check the info and transfer goods to partyA
Party B can also inquires about the guarantee contract info in etherscan
after check the assets locked in contract,partyB should tranfer the goods to partyA
Step3:PartyA confirm the receipt of goods
After party B meet the needs of Party A.Party A should sign for confirm.
Step4 PartyB withdraw assets
When partyA confirms the receipt, PartyB can withdraw assets from the contract
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