This explains the use of cB contracts when shopping online.
A contract is an agreement between the parties to a deal.
The participants in the deal are designated as: “seller” and “buyer”.
The seller is a participant in the deal who transfers his property to another participant, after his: contract, subject of the contract, payment amount and public wallet of the recipient of payment were published on the pages of cB.
The buyer is a participant in the deal who reserves stablecoins ( USDT, USDC, DAI ) on the coinBusiness public wallet, and then confirms the payment or demands the return of his stablecoins, back, to his public wallet.
The property that is the subject of the deal is referred to as the “goods”. The participants in the deal are represented in the contract in the form of public wallets from the blockchain, and financial settlements between the participants take place on an open public blockchain. Popular digital currencies (stablecoins) USDT, USDC, DAI, Binance Dollar - BUSD, Pax Dollar, Pax Gold - PAXG are used as a currency.
Obligations and responsibilities of the parties. The seller and the buyer, when creating a contract, have obligations to each other.
The seller is obliged to inform the buyer of all details about the product, including all its shortcomings, before the buyer reserves the payment on the coinBusiness public wallet.
When the buyer reserves the payment on the coinBusiness public wallet, the seller sends the item to the buyer's address and the buyer tracks it and prepares to receive it.
After the arrival of the goods in the city or village of the buyer, the buyer is obliged to do everything possible to receive the ordered goods in a timely manner.
Until the funds are transfer to the seller's wallet, the goods sent to the buyer are the property of the seller. If the buyer damaged the goods and refused to purchase, then the damage caused to the goods through the fault of the buyer can be compensated from the buyer's funds reserved on the cB wallet.
New community channel on Reddit.
So in July/2023, Reddit banned our channel (www.reddit.com/r/coinbusiness) , presumably due to “spam”. We have not received any warnings or complaints from Reddit. Also, we have not received any complaints or claims from the channels on which our moderator published articles.
Because we try not to use paid advertising, the channel moderator has published several posts on channels of other public communities with similar topics. He was guided by the rule, if they allow you to publish a post, then it is allowed by their rules. Otherwise, they would set up settings that would not allow posting articles from other users or automatically submitting a post for approval to their moderators.
An appeal was sent to the Reddit administration with a request to give us an explanation for the blocking of the coinBusiness channel. In response, we received a notification that our issue is being studied.
The cB team apologizes and pledges to prevent this from happening again.
Thanks to Reddit for fixing and improving us. We love Reddit for its free features and tools for all people, requiring no personal data other than email addresses.
We have created a new channel on Reddit, it will be published when it is ready. 