$SCAR Token Usage

$SCAR will not only be used to directly benefit consumers via discounts and general spending. Here are but a few ways in which $SCAR will be beneficial on our platform.

Incentivising Consumer Activity

Users will be able to earn it through various activities like purchasing or selling products, writing reviews, or referring new users, which will in turn support the growth of the platform as a whole.

Tokenized Brand Reputation

The platform will also utilise $SCAR as collateral to establish trust with brands. To sell on the platform, both individuals and brands will need to hold a predetermined amount of SCAR. This will ensure that they are committed to the platform's integrity and will help prevent fraudulent activities.

Essentially, it will serve as a form of collateralised reputation that can be lost if the brand or individual acts in bad faith.

This will initially be a fixed amount, but as the platform expands, it will become an algorithmic and flexible range that changes based on the platform's overall growth and activity.

Connecting Brands and their Consumers

Users will be able to earn $SCAR rewards for sharing data with brands, with brands being able to decide what sorts of data they would like to receive, as well as how much to reward users in $SCAR.

Handling Disputes between buyers and Sellers

In order to ensure fair and honest transactions on our platform, we will implement a $SCAR deposit system for sellers.

• When creating a listing, sellers must deposit a specific amount of $SCAR. If a buyer wished to open a dispute, the seller would be given a set period of time to either admit fault and forfeit their deposited $SCAR, or double their deposit.

• The buyer would then have a short amount of time to either withdraw their dispute or match the seller's deposit.

• The dispute would then go to a third party, where both parties would have to present their evidence within a given timeframe.

• The winning party would receive their tokens back, plus half of the losing party's tokens, with the other half going to the third-party judge.

• However, parties would be free to come to a private agreement at any point in the process without losing tokens.

Our goal would be to discourage sellers from creating risky listings and prevent false claims from buyers.

We believe that honest buying and selling should be simple, and this is just one of many examples that show how we would look to use $SCAR to discourage market corruption.