Tokens & Deals – Quick Glossary

Tokens

Snifffr’s in-platform payment currency.

Deal

A secure escrow transaction between buyer and seller.

Escrow

Tokens held safely until the order is completed.

Token Release

When a buyer approves the order and pays the seller.

Cash-Out

Converting earned tokens into real money.

Statuses

Pending

The seller has not accepted the buyers deal request yet. Once accepted, the status will change to Active.

Active

The seller has accepted the deal and is preparing the order. At this stage, the order is in progress and can no longer be cancelled.

Settlement Requested

The seller has asked the buyer to release the tokens for the completed order. The buyer must only release the tokens once they have received their item and are completely satisfied with the purchase.

Closed

The order has been successfully completed, and the seller has received their tokens. 🎉