Trading
CSX is a decentralized exchange allowing trading without the need for a username, password, or Steam Sign-in. The protocol uses a keeper oracle that eliminates the risk of scams in P2P trading.
Sellers initiate listings by submitting the inspection links of their items, their trade URL, and setting prices in ETH, USDC, or USDT.
Buyers proceed by depositing the asked amount to the listing contract. Then, the Keeper Oracle confirms the availability of the item for the trade. In cases where the item is not available, the buyer's deposit is promptly refunded, and the seller may face penalties.
The seller then has the option to either reject or approve the trade through the blockchain.
If the seller agrees to the trade, they are prompted to send the item trade offer to the buyer.
After the seller has transferred the item to the buyer, the Keeper Oracle calls the listing contract to complete the trade where the funds are released to the seller.
Any party can open disputes and they are handled by a common-good group called 'Keepers' appointed by the CSX council (a council selected by CSX holders), who selects the final verdict of the trade based on evidence from both parties unless the Keeper Oracle finds logical anomalies in who got the item and if any party tries to obfuscate.
To be a Keeper, one needs to possess a significant amount of vested CSX tokens and be selected by the council. If any misuse or malicious activity occurs from a Keeper, the Keeper's CSX tokens are subject to being slashed.
The Keepers or The Keeper Oracle, have the right to give a negative reputation to either party through warnings or direct bans, based on the severity of the issue. Users are allowed a maximum of 3 warnings before being banned from listing items for sale.
Overall, the CSX protocol offers a secure and efficient way for players to trade CS2 items, with a built-in dispute resolution process to ensure fairness for both buyers and sellers.
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