How it works

1. Create a Listing

The seller begins by creating a listing on BELOTC.

2. Deposit BEL Tokens

Once the listing is created, the seller deposits the required BEL tokens into the escrow wallet.

3. Mark as Deposited

After the deposit is received, the listing on the smart contract will be marked as deposited. This action ensures the listing goes live, making it available for purchases with ETH.

4. Purchase and Transfer

Upon a successful purchase, the administrator transfers the full amount of BEL tokens from the escrow wallet directly to the buyer's wallet, as specified in the smart contract.

5. Record Keeping

Once the BEL token transfer is completed, the administrator marks the listing as fulfilled. This step is essential for maintaining accurate records and ensuring transparency in transactions.