I also believe that the future market belongs to the cryptocurrency, but for now, everyone cannot live without legal tender and there is a lack of entrance and exit for platform, but through this Arousal Exchange it will solve the problem regarding the legal tenders. This project gives us a promising platform and opportubity wherein we can easily trade. This Arousal Exchange have the potential to become the one in the future that will become exchange that accepts all Fiat Currencies. And this is very beneficial to the people or users of this Arousal Exchange.
Another great project that for sure love by many users, as the company hopes to break any obstacle resulting from legal tender and endeavour in reducing waiting time in bitcoin networking transmission in trading. Also, I appreciate this project as the first exchange with its self-developed OTC (Over The Counter) platform. Having an OTC on this project will gives the ability to ensure trading bitcoin as a means of converting to other cryptocurrency.
The idea of having a guarantor makes this exchange unique. Having them will minimize the confirmation method and reduce delays in a transaction between buyer and seller.
I still can't get, what are guarantor "guarantees"?
Do they have material liability and if the answer is no, what's the point of it?
I'm a little bit confused about the guarantor too, but if it can minimize the confirmation and reduce delays then i think it is good thing to have them. Having a very slow transaction gives you a hard time specially that cryptocurrency value changes overtime. As long as guarantor can helps the project then there is a point.
That's what I've found in WP
1.5.2 Guarantor
OTC group will open guarantor application. Guarantors need to
deposit a certain number of Bitcoin as the security deposit to
Arousal. As buyers and sellers of legal tender guarantor receivables
from person to person and may charge a fee.
So, guarantor's fee and terms of participation remains unclear to me, for now.
I wish OP would spare some time to answer on this
Update: I've checked WP once more and have found additional info about the fees.
There are two kinds of fees: commission fee 0.1%-0.3% from the trading value as the commission
fee on each bid-ask conduct.
And withdrawal fee 0.1%-0.3% of total value will be paid to the platform as the withdraw fee
during each activity.
Now I want to understand what stands behind those numbers, cause I'm not quite getting the sense yet
