Settlement & Credit Lines on Affirmpeer
Settlement Process
Affirmpeer offers automated, peer-confirmed settlement for all OTC trades via smart contract infrastructure:
How It Works
Once both parties fulfill their obligations (e.g., fiat sent, crypto received), each confirms via their dashboard.
- The Affirmpeer smart contract then:
- Releases escrowed crypto
- Closes the trade
- Generates a settlement confirmation hash
- Both users receive a digital trade receipt, visible in their transaction history.
Transparent
Blockchain-verifiable
Final & tamper-proof
Credit Lines (Optional & Verified Users Only)
Affirmpeer provides peer-based credit lines for high-trust OTC users—empowering smoother and faster trade execution without upfront collateral in select cases.
How Credit Lines Work
Users with a high Trust & Trade Score™️ (based on volume, dispute-free history, and arbitration reliability) may be eligible.
Affirmpeer allocates a temporary line of crypto credit backed by:
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Platform insurance pool
•
Reputation collateral
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Optional guarantor staking by partners or brokers
• Use Cases:
- Instant liquidity for high-volume buyers
- Faster fiat-to-crypto swaps
Large OTC deals that require urgency for high-net-worth and institutional-grade transactions, with a legal minimum limit of $100,000 USD per transaction.
This minimum threshold ensures:
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Comply with international financial laws and anti-money laundering (AML) standards.
•
Reduce the risk of fraudulent micro-transactions and promote serious peer engagements.
•
Focused service quality for premium clients and large volume traders.
Standard Transaction Fee – 10%
Affirmpeer applies a 10% service fee on the total value of every successfully completed transaction.
Fee Distribution:
•
5% – Platform infrastructure, smart contract execution, and development
•
3% – Dispute Resolution Fund for mediation and legal coverage
•
2% – Loyalty and affiliate rewards for active and referring users
The fee is automatically deducted from your wallet in the native coin of the blockchain you're using:
- ETH for (ERC20)
- BNB for (BEP20)
- TRX fo~r (trc20)
- ETC