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Roles and Trading

Key Ecosystem Roles

  • Minter: Evidence provider and Truth Box creator, the source of value.
  • Seller: Can act as an agent to sell when the Box exceeds the protection period, earning a small reward upon transaction. Must not be the Minter.
  • Buyer: Pays to purchase/bid for the Truth Box.
  • Bidder: User participating in the auction.
  • Completer: Can execute the completion of the order after the refund application period ends, claiming the execution reward. Must not be the Buyer or Minter.
  • DAO: The highest authority entity for governance, parameter adjustment, blacklist processing, and transaction dispute adjudication.

Operational Permissions

Roles and Permissions

  • ExtendDeadline: Only the Minter can extend the protection period of the Box, but it must be within the window period.
  • Sell/Auction: Minter/Seller. Third-party users can act as agents to sell, but the Box must exceed the Deadline.
  • Buy/Bid: Buyer/Bidder.
  • Request Refund: Buyer, must be within the refund application period.
  • Refund Review: Minter/DAO. The Minter can only agree to a refund. The DAO can refuse a refund, but must pay attention to the review deadline; after it passes, anyone can agree to the refund.
  • Complete Order: When the Box is within the refund application period, only the Buyer can complete the order. After the refund application period, anyone can execute the completion of the order.
  • Pay Confidentiality Fee: Buyer, must be within the InSecrecy period.
  • Publish: Only Minter (Storing) or Buyer (InSecrecy) can actively publish; otherwise, it automatically turns to Published upon expiration.

Exchange Process

About Confidential Data Viewing Permissions

The following table shows the permissions to view confidential data (private key) in the Box when it is in these states. For example: when the Box is in Storing state, only Minter can view confidential data.

StatusRole
StoringMinter
Selling/AuctioningMinter
PaidBuyer
RefundingEveryone
InSecrecyBuyer
PublishedEveryone