Trade 250 "xtai" for 1 sat via escrow

Do not recommend trading until trusted balance state index tool is available. As it stands there is no easy way of accurately checking if the seller has a valid balance. Escrow trust/error risks should also be considered.

Seller populate transfer function with required information:

{ 
 "p": "xrc-20",
 "op": "transfer",
 "tick": "xtai",
 "amt": "250"
}
  • Seller inscribes the function to their own ordinal enabled wallet taproot address that holds the balance. Make sure not using inscription service that mints to itself first. Some ordinal wallets generate a different address each time, make sure to send to the address that holds the balance.

  • Seller send's the inscription from their wallet to the escrows taproot address.

  • Escrow checks balance state index tool to check their wallet has a valid balance.

  • Buyer sends 1 sat to escrows bitcoin address

  • Escrow now has 1 sat and 250 "ordi"

  • Escrow populate transfer function with required information

{ 
 "p": "xrc-20",
 "op": "transfer",
 "tick": "xtai",
 "amt": "250"
}

Escrow inscribes the function to their own ordinal enabled wallet taproot address that holds the balance. Make sure not using inscription service that mints to itself first. Some ordinal wallets generate a different address each time, make sure to send to the address that holds the balance.

  • Escrow send's the inscription from their wallet to the buyers taproot address.

  • Escrow sends 1 sat to sellers bitcoin address

  • Seller now has 1 sat

  • Buyer now has 250 "xtai"

User
Balance at start
Balance at end

Seller

250

0

Buyer

0

250

Last updated