Privasea Solves the Trust Issue
Our team created Privasea to address common problems we've observed in Telegram and video calls throughout the DeFi space over the years. We frequently heard the advice: "If you're a whale, either sell slowly or sell your tokens to someone else," always met with unanimous agreement.
The challenge is that this approach requires deep trust in your trading partner. In DeFi, we must take numerous safety precautions, and while many would prefer to sell tokens over the counter, a secure method hasn't existed until now.
Privasea addresses these issues by using a smart contract as the intermediary for peer-to-peer transactions, with an intuitive frontend for easy interaction. When creating an order, tokens are deposited in the smart contract and held there until a buyer sends SOL to fill your order—either completely or partially.
While Privasea offers many benefits, we believe this trustless execution of peer-to-peer, over-the-counter trades is the most significant, fulfilling our primary goal from the beginning.
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