This is a continued post after TEA tokenomics.
Leaders Eat Last - Simon Sinek
TeaParty marketplace is the place where users can come and buy or sell TEA tokens. The design behind TeaParty Marketplace is to ensure our users get paid before us. What this means is that our users who wish to sell their TEA will front-run our listing on the marketplace by design to ensure they are able to sell their TEA before us. As to prevent liquidity run-out, we doubled our listing price compared to normal listing, thus this further encourages buyers to buy from our guests.
We, as TeaParty are strongly against mostly Crypto Ponzi Scheme design. Thus, our design is the opposite of the Ponzi Scheme design which focuses on users first.
Due to the complexity and manipulation nature of the market, TeaParty protects its users by enforcing a strong policy on the TEA price not falling below $1 and the maximum amount.
Any users who wanted to get more TEA tokens to promote their content could buy more of it via the marketplace. TEA token price is regulated, so users won’t be able to purchase any token that is overpriced.
Please take note: TEA is not an investment asset, it is a utility token, only purchase it if you need it to boost your content discoverability on Twitter (more platform support is coming).
TeaParty marketplace is designed to be fair for every seller to be able to sell their token in a turn-based system.
The selling system is designed on a first-come, first-served basis with a max selling limit of 100 TEA each day.
Buyer A has a $200 dollar
Seller A has 100 TEA token
Seller B has 200 TEA token
Scenario 1:
If seller A wanted to sell all the tokens, he/she would be able to list all the 100 TEA tokens to be sold on the marketplace that day. However, Seller B can only list 100 TEA tokens to be sold on that day, and another 100 TEA tokens to be sold the next day.
So if Buyer A decided to buy $TEA tokens with his/her $200 USD dollar, assuming the market price of TEA is $1 each, he would need to buy via our TeaParty Marketplace contract which would purchase the first 100 TEA via seller A and proceed to seller B for another 100 $TEA.
The total earnings for both seller A and seller B that day would be $90. ($10 is being deducted from the 10% platform fee)
Scenario 2:
If seller A and seller B wanted to sell all their tokens. But this time, seller B places his/her selling position faster than seller B.
So if Buyer A decided to buy $TEA tokens with his/her $200 dollar, assuming the market price of $TEA is $1 each, our contract would buy the first 100 TEA via seller B, then only proceed to seller A for another 100 TEA.
The total earnings for both seller A and seller B that day would still be the same, which is $90. ($10 is being deducted from the 10% platform fee)
There would be a fixed 10% platform fee imposed on the seller.
Whereas, there are no platform fees for buyers who are interested to buy any amount of TEA token.
