Trading $OPLL

There are two major ways of trading $OPLL tokens: using an order-book open to everybody or conducting an OTC deal with someone you know.

Order-book

Users can submit their order to buy or liquidate $OPLL tokens any time (pursuant to their credit score allowance set forth below). The order may or may not be filled immediately. The order may be filled partially first, and take some more time to be filled completely. The time it takes to fully fill the order may depend on a variety of factors, including the time of the day, the size of the order and more. A 5% fee is levied on all trades conducted to keep supporting the community, web resources and marketing efforts. The contract is designed in a way that does not allow the deployer to increase the fee.

In order to increase the initial adoption of Opulence, a deployer-provided order to sell $OPLL tokens may be continually present on the order-book. It will ensure that those willing to buy $OPLL will have their tokens delivered immediately at the current price and will not have to wait for somebody to sell their $OPLL. That said, it is not possible for the deployer to fulfill 100% of any of the submitted buy orders to avoid cornering the market and to allow other sellers to liquidate their $OPLL too. The contract is designed in a way that limits the portion of any of the buy orders that can be filled by the deployer to 40% only (can be set to a lower number) and will reset it to 0% after 1 year passes since the deployment.

All the orders are executed on FIFO basis (First in, First out). It means that if both you and your friend Bob submit orders to sell $OPLL 200 each, with your friend Bob submitting it 5 seconds earlier than you, Bob will have a priority to liquidate their tokens. It is important to note that while you are waiting for your order to sell $OPLL to fill, the price of $OPLL keeps rising.

Each order may be in one of the following states:

• Submitted. Each new order is assigned a Submitted status. It means that the order has not expired yet and can be filled any time by any of the opposing orders.

• Filled. The order has been completely filled. For example, if you are selling $OPLL, it means that all your $OPLL tokens were sold and you can now claim your order proceeds. You can be claiming proceeds progressively without waiting till your order fills completely.

• Expired. It indicates that 3 days or more have passed since the time you submitted the order and it has not been fully filled yet. Situations like this are not expected to be happening frequently unless you have a big order. When your order expires, it will no longer be getting filled unless you renew it or cancel it and submit a new order manually.

• Canceled. It means you have canceled the order without waiting for it to fully fill. When you cancel your order, all the unfilled amount is returned back to you.

As explained below, sales of $OPLL result in your credit score drop, while buying $OPLL boosts your score (up to 3 times per month). When you cancel your order, the score points will be rebated proportional to how much of the order had not been filled, resulting in either score increase or deduction depending on the direction of the trade.

OTC

Opulence allows you to exchange ETH for $OPLL or vice versa directly with the party you prefer. As long as both of you agree on the size of the trade, you can each deposit ETH and $OPLL respectively, and the OTC contract will conduct a swap. The price of $OPLL will still be enforced.