# Technical Overview

### 1. Pre-Market

**Official Pre-Market Smart Contracts:**

* **Solana**: `GDsMbTq82sYcxPRLdQ9RHL9ZLY3HNVpXjXtCnyxpb2rQ`
* **Manta**: `0x7a560269480Ef38B885526C8bBecdc4686d8bF7A`
* **Ethereum**: `0x1eCdB32e59e948C010a189a0798C674a2d0c6603`

These deployed contracts handle all pre-market activities (such as buy/sell orders, settlements, and collateral locking) in a permissionless and transparent manner.

<figure><img src="https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2FDpMhwH7ZGtBu9JHYLHzK%2Fimage.png?alt=media&#x26;token=d93d0b35-6c42-419c-877c-942b2f3fcc76" alt=""><figcaption></figcaption></figure>

***

### 2. How smart contracts work

Smart contracts are the backbone of **Whales Market OTC (Over-the-Counter) trading**, ensuring fairness for both buyers and sellers:

1. **Collateral Locking**
   * Both parties deposit collateral into the contract.
   * This guarantees that buyers get their purchased points and sellers receive their payment.
2. **Automated Settlement**
   * Once the trade conditions are met, the smart contract **automatically releases funds** to the seller and points (or corresponding tokens post-TGE) to the buyer.
3. **Risk Mitigation**
   * If a seller fails to settle, the contract transfers the seller’s collateral to the buyer as compensation.
   * This **trustless enforcement** eliminates scams common in off-chain OTC deals.
4. **Global Accessibility**
   * No matter where users are located, the rules are the same **on-chain, transparent, and verifiable**.

***

### 3. Contract audits & report

| Auditor    | Contracts                                                                                                                                                             | Date                                       |
| ---------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------ |
| PeckShield | [Solana](https://solscan.io/account/stPdYNaJNsV3ytS9Xtx4GXXXRcVqVS6x66ZFa26K39S), [EVM](https://etherscan.io/address/0x1ecdb32e59e948c010a189a0798c674a2d0c6603#code) | <p>2024-01-26</p><h3 id="report"><br></h3> |

#### Report

{% file src="<https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2FUQbtfd1Wnu7ARbqX843Q%2FPeckShield-Audit-Report-WhalesMarket-Solana.v1.0.pdf?alt=media&token=cb72abf3-2896-482d-8c85-d67656bbbabd>" %}

{% file src="<https://640655427-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIZ0DIaAx9IWoM4I1YGdV%2Fuploads%2F70E6h0BtPRkWkPclOX6Y%2FPeckShield-Audit-Report-WhalesMarket-EVM-v1.0%20(1).pdf?alt=media&token=29cbbefb-6275-4f53-a960-849fb6f036ab>" %}

***

### FAQ

<details>

<summary>How does Whales Market's OTC Trading work?</summary>

OTC trades are powered by smart contracts, which ensure fairness and transparency for both buyers and sellers.

</details>

<details>

<summary>On which blockchains are the smart contracts deployed?</summary>

Whales Market's official smart contracts are deployed on Solana, Manta, and Ethereum.

</details>

<details>

<summary>What is "Collateral Locking"?</summary>

Both parties are required to deposit collateral into the smart contract. This guarantees that buyers will receive their purchased tokens and sellers will receive their payment.

</details>

<details>

<summary>What is "Automated Settlement"?</summary>

Once all trade conditions are met, the smart contract automatically releases the funds to the seller and the corresponding tokens (or TGE points) to the buyer.

</details>

<details>

<summary>How does the "Risk Mitigation" mechanism function?</summary>

If a seller fails to settle a trade, the smart contract automatically transfers their collateral to the buyer as compensation. This mechanism prevents common scams that can occur in off-chain OTC deals.

</details>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.whales.market/additional-document/technical-overview.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.