FAQ

Frequently Asked Questions

• Q. What is the Messier P2P Exchange?

The Messier P2P Exchange is a new platform for swapping tokens directly between users. It offers a Web3-based marketplace for public and private swaps and includes a Telegram bot for direct peer-to-peer exchanges. You can set your own prices and control who can participate in each swap.

• Q. What are the main types of listings on Messier P2P?

Messier P2P supports two main listing types:

• Public Listings: Available to all users on the platform. These can be filled by a single user or multiple users, depending on the Multi-Swap option.

• Private Listings: Only accessible to people you invite, allowing you full control over who can participate.

• Q. How does Messier P2P improve over traditional exchanges?

Traditional exchanges often face liquidity issues and high buy/sell taxes. They’re also vulnerable to tactics like front-running and sandwich attacks. Messier P2P solves these issues by providing a direct swap method where both buyers and sellers receive the exact amount expected, reducing token loss and protecting the value of your assets.

• Q. What options are available for swapping tokens with Messier?

Messier offers two methods:

• Web3 Exchange: Decentralized, secure platform with public and private listing options.

• Telegram P2P Bot: A user-friendly Telegram bot for private, escrow-secured swaps with people you trust.

• Q. How are transactions secured on Messier P2P?

Each transaction is secured by smart contracts, with funds held in a decentralized treasury until the swap is completed. This ensures transparency and independence from third-party intermediaries, aligning with the principles of decentralized finance (DeFi).

• Q. Can I set custom listing durations?

Yes, you can choose durations from options like 24 or 48 hours or set the listing to remain open indefinitely. If your order doesn’t complete within the desired time, you can cancel it at any time and retrieve your tokens.

• Q. What options are available for swapping tokens with Messier?

Messier offers two methods:

• Web3 Exchange: Decentralized, secure platform with public and private listing options.

• Telegram P2P Bot: A user-friendly Telegram bot for private, escrow-secured swaps with people you trust.

• Q. How does the Multi-Swap feature work?

The Multi-Swap feature allows multiple users to buy portions of your order, which can speed up order fulfillment for larger token amounts. This is ideal for sellers wanting to distribute their tokens to multiple buyers quickly.

• Q. What are Private Swaps, and how do they work?

Private Swaps are restricted listings that only specific invitees can access. You create a unique invite code to share with chosen participants, giving them exclusive access to your listing on the platform.

• Q. Is there a fee for using Messier P2P Exchange?

Private Swaps are restricted listings that only specific invitees can access. You create a unique invite code to share with chosen participants, giving them exclusive access to your listing on the platform.

• Q. How does the Telegram P2P Bot work for token swaps?

The Telegram bot facilitates secure, direct P2P swaps with these steps:

• Starting a Swap: Open the bot, select “Create P2P Escrow,” and share an invite code with the other party.

• Joining a Swap: The invite code lets the second party view and confirm terms before transferring tokens.

• Completing the Swap: Tokens are exchanged through the bot’s escrow system, applying a 1% fee that supports the VirgoDAO.

• Q. What happens if there’s an issue with a swap using the Telegram bot?

The bot offers options to adjust terms or refund the swap if necessary. The swap only completes once both parties confirm everything is in order.

• Q. How does Messier P2P ensure the safety of token transfers?

Tokens are held in a decentralized treasury during the swap. For additional security, the newly received tokens can only be withdrawn by the wallets involved once the swap is finalized, ensuring a trustless, secure transaction.

• Q. How does Messier P2P benefit other token holders?

Messier P2P enables token holders to swap directly, avoiding high taxes and manipulation tactics common on centralized exchanges. By doing so, users keep more tokens and protect their investments.