GameStar Exchange (GMS)

The world’s leading decentralised P2P trading platform, built on Polkadot, for the exchange of GIFT CARDS, GAME ITEMS and/or NFTs for cryptocurrency.

Whitepaper

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What is GameStar Exchange

Trade disputes often occur in centralised P2P trades due to the unique idiosyncratic nature of these transactions. After a complaint occurs, in centralised exchanges, customer service will act as an intermediary to handle the problem. However, with gift cards, game items, or NFT transactions, customer service may be slow to respond due to the subjective nature of such disputes and the mandatory completion of evidence forms. Processing speeds are slow and often delays of a week or even several weeks occur. At the same time, misjudgments are very high. That results in a trader losing funds that cannot be recovered.

GameStar.Exchange is a decentralised P2P trading platform that does not hold custody of users’ assets or private keys in order to ensure the security of users’ assets. In order to ensure rapid response time and fair arbitration, the Taurus Fair Judgment Protocol was developed. This protocol creates a distributed appeals process. Expert nodes have an incentive mechanism to judge disputed transactions quickly and reach a consensus with an immutable decision on the chain. This creates an efficient and safe trading environment for users.