Technical Overview

Dive into the operate of Whales Market

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.

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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.

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3. Contract audits & report

Auditor	Contracts	Date
PeckShield	Solana, EVM	2024-01-26

Report

331KB

PeckShield-Audit-Report-WhalesMarket-Solana.v1.0.pdf

pdf

339KB

PeckShield-Audit-Report-WhalesMarket-EVM-v1.0 (1).pdf

pdf

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FAQ

How does Whales Market's OTC Trading work?

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

On which blockchains are the smart contracts deployed?

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

What is "Collateral Locking"?

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.

What is "Automated Settlement"?

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.

How does the "Risk Mitigation" mechanism function?

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.