Offers and bids

Both retail investors and whales can play 2 roles on Marsbase:
  1. 1.
    You can be an offermaker, that is, create buy/sell offers.
  2. 2.
    You can be a bidder, that is, respond to an offer created by someone with your bid.
Additionally, we implemented 2 types of orders: Part and Best bid.
PART mode allows you to split a large offer into smaller parts. If the volume of assets is large, then it is better to sell it to many participants at once.
Part mode is made to conduct fractional or discrete trades. As the name suggests, this type can be used to partially close deals. The system automatically splits the buy or sell offer into parts of different sizes (bids). Due to a large number of bidders, both full and partial closing of this deal is possible. This type of transaction will allow you to sell a large volume of medium or low liquid assets to more people in a moderate amount of time.
PART deals are flexible in setting the terms, minimum bid size, premiums or discounts, and other parameters. These options are not available for Best bid deals. Yet, you can set a limit from 30 minutes to several days for the execution time of the transaction. At the same time, do not forget that long-term auctions can lose their attractiveness in a volatile market.
The Best bid mode is suitable if you want to evaluate the offer from different market participants (bidders) who are ready to buy your asset at the price you set. At the same time, they can offer you discounts or, conversely, prices above the market (premium). Once you receive several offers, you can choose the best one or reject all of them. The main thing to remember is that the offer is 100% closed by one bidder, and your task is to choose the best bid.
The Best bid mode will suit offer makers who want to select market offers themselves. Regardless of whether it is a buy or sell offer, the offer maker can choose the best rate offered by bidders and close the deal according to it.
The platform is also unique as it gathers large investors who create large offers and other market players who can also use the platform as bidders.
For the most convenient ways of making large deals, we plan to add different transaction models. This will best suit the assets with an uncertain market price (for private or public sale, presale, as well as secondary market sales).