How TradeStuff Works
TradeStuff Securely & Confidently
Binding Offers & Trades
Offers and trade agreements are binding and are enforceable, backed by account stake and dispute resolution.
Provably fair smart contracts enforce rules and record all trade activity pseudonymously on a blockchain ledger for accountability, auditability and enforceability.
Account stake serves to disincentivize bad actors and provides trading capacity (bandwidth).
No Double Spending
Byzantine fault tolerant consensus prevents double spending--e.g. accepting to trade the same stuff with multiple parties.
Objective User Reputation
An objective user reputation system is based on trade history, free of subjective, emotionally derived feedback.
Disputes are assigned to nonpartisan moderators who may award corresponding stake to resolve a dispute.
Staking for Security & Trade Eligibility
Stake serves as a mechanism for incentivizing good behavior between users involved in trade, and also serves to provide trade eligibility (bandwidth) to the account. For stuff to become eligible for trade in the marketplace, the owning account must have Available Stake equal to or greater than its declared value. For example, an account having $20 in Available Stake can have many stuff eligible for trade with value equal to or less than $20, and many stuff ineligible for trade with value greater than $20. For more details see the staking help section.
In the event of a dispute of a trade route, a dispute can be opened by the supplier or demandant. Disputes are specific to each stuff to be delivered from its supplier to its demandant, referred to as “Trade Routes”. When a dispute is opened, the arbitration smart contract assigns the case to a non partisan moderator who gathers claims and evidence from both parties and sets a resolution accordingly. The smart contract then executes rules based on the resolution set by the moderator and the Stake is either unlocked back to the supplier or transferred to the demandant to resolve the dispute. For more details see the dispute resolution help section.
Systematic Trade Offers
Algorithmic Trade Options
No Coincidence of Wants? No Problem!
TradeStuff beta now features multilateral trade routing which solves barter’s infamous “coincidence of wants” problem. Users simply make offers and accept trade options, and a smart contract based algorithm maps routes and enforces rules that are provably fair and transparent on a blockchain distributed ledger.
In a multilateral trade, a user sends stuff to, and receives stuff from, two different users. Each user is instructed to ship their stuff to a provided address. Each user pays the cost to ship their own supplied stuff, and receives free delivery of the demand in a trade, paid by its supplier.
Send 5+ trade offers and we'll do the rest!
Our smart contract algorithm maps trade offers to derive trade options and create multilateral trades, getting users what they want in exchange for what they have, without having to find a trading counterpart with a coincidence of wants. To showcase the immense value of multilateral trade mapping, below we graph results of simulated benchmark tests involving 500 users, with each user owning 2 stuff and randomly sending a fixed number of trade offers to other stuff in the marketplace. The results of ordinary barter resulted in less than one percent of the stuff trading even with several offers; while TradeStuff’s multilateral algorithm resulted as follows:
When 2 trade offers were sent on average per stuff, approximately 50% of all stuff entered into trade.
When 5 trade offers were sent on average per stuff, approximately 90% of all stuff entered into trade
Frequently Asked Questions
Who pays for shipping and how do I know I will receive stuff from other party?
Every user involved in a trade pays their own shipping. Each user in a trade is responsible for delivering their own stuff, and incurring the necessary delivery expenses. Every user involved in a trade will therefore both pay to deliver their stuff, and receive stuff in return, paid by another user. If a user does not fullfil their obligation in a trade, a dispute can be opened and a dispute Moderator can award locked Stake as a resolution, in the amount of the value of the invovled stuff. More about disputes
How much does it cost to TradeStuff?
Trading on TradeStuff is free; however, for each stuff to be eligible for trade in the marketplace, the account must have Stake available, equal to or greater than the value of the stuff.
For example, an account with $20 in Stake can add any number of stuff with a value equal to or less than $20, regardless of the total sum of value of all stuff.
Account Stake serves as trading eligibility as well as a mechanism for incentivizing good behavior between users involved in trade, while weeding out bad actors.
More about Staking
For more details visit TradeStuff Knowledge Center
Beta Now Featuring
Smart Contract-Based Logic
Searchable Market Database
Systematic Offer Negotiations
Algorithmic Trade Options
Multilateral Trade Routing
Staking for Bandwidth & Security
Moderated Dispute Resolution
Post-Trade P2P Chat