What is Swap Now?
What is Swap?
Swap is a system of trade in which goods and services are exchanged for other goods and services without the use of money as a medium of exchange.
“Swap Now” is a feature on Adpost that empowers Adpost community members to request or offer Swaps.
For example, a member can state an item’s price in USDT (Tether).
Who can use Swap?
Any individual or business that is open to accepting USDT on Polygon in exchange for their products or services.
List of Prohibited items:
-Drugs
-Firearms
-Any items that are or are made from or include any part of an animal that is subject to regulations or laws for the protection of live animals, including endangered/exotic species
-Any and all such items as may be restricted or otherwise limited by applicable laws
What is USDT?
USDT (Tether) is a cryptocurrency that is designed to be stable in value and pegged to the value of US dollar.
For more information about USDT and its current real time live price please click here.
Why Swap using USDT on Polygon?
Using USDT on Polygon allows for lower transaction fees for swaps and exchanges. At the same time, the transaction is permanently recorded. The Swap Now feature also allows for the Web3 Escrow protection to offer more security to the Buyer and the Seller.
USDT is issued by a company called Tether Limited, and it is meant to be backed by a corresponding US dollar held in reserve by the company. This means that, in theory, each USDT should be worth approximately one US dollar.
For more information about USDT and its current real time live price please click here.
What are the other benefits of using Swap on Adpost?
More Secure Transaction with Adpost Secures
Enabling the Swap feature makes for a safer transaction. Adpost Escrow is an internal feature that serves as an Escrow service which leverages smart contracts for creating digital agreements between two parties.
Increased Ad Exposure (coming soon*)
With our plan to transition to a Swap Marketplace, the Ads that allow for the use of USDT (MATIC) will be prioritized and displayed more prominently.
Is there any fee for using Swap?
Listing your product and services on Adpost.com is 100% FREE.
If you are offering a product or service and decide to protect your trade using Adpost Secures, upon the successful completion of the trade, a fee based on 1% of the total transaction will be charged to the Seller.
Seller – an individual or business who offers a products or services on Adpost.com
Buyer – an individual or business who requests products or services.
Getting Started
What is MetaMask?
MetaMask is a browser based digital wallet.
Can I use a different wallet besides MetaMask?
Not at the moment. More options will likely be made available in the near future.
How to install MetaMask on your browser?
You can install MetaMask at this link here.
How to add the Polygon network to your MetaMask.
This is what you can do to add the Polygon network:
This is where you will add information to connect to the Polygon network.
Network name: Polygon Mainnet
New RPC URL : https://polygon-rpc.com/
Chain ID: 137
Currency: MATIC
Explorer: https://polygonscan.com/
Click Save.
Can I change a MetaMask Wallet that I have already linked to an Adpost account?
No, you can’t.
Before linking your MetaMask wallet, it is advisable to rename your MetaMask wallet so as to identify the MetaMask wallet that you are about to link to your Adpost account.
How to fund USDT to your MetaMask Wallet.
*Important*
Ensure your network of choice is Polygon before proceeding to next step.
Go to your browser extension/app, click “buy”
*Please do you your own due diligence and check before proceeding to make any purchase of USDT on Polygon.
Reference to any specific product, service, process, or method by trade name, trademark, service mark, manufacturer or otherwise on this web site does not constitute an implied or expressed recommendation or endorsement, or favoring by Adpost.
Seller -
I'm a product owner or service provider
Ad Listing & Order Fullfilment
How do I configure my Ads to indicate i'm interested in accepting Swap Now?
1. Make sure you indicated an amount in “Price”
2. Under choose Swap Now Option, select “Yes, i want to Swap now for USDT”
Are there other options besides Swap USDT?
Adpost currently provides the USDT on Polygon option only. Look for more options coming soon based on the feedback from Adpost Community Members like you.
Can I cancel a Swap request?
By doing so it means you are refunding the amount back to the Buyer.
scenario 1
If you have yet to fulfill the request, canceling the order means you do not wish to accept the request.
You will not incur any charges from Adpost.
scenario 2
If you have fulfilled the request, by doing so it means you are refunding the amount back to the Buyer.
You will not incur any charges from Adpost.
Note: Cancellation of an order can only be performed by Adpost support. Our support team will respond to your request within 24 hours.
The funds will be held in a secured state until any and all issues have been resolved.
I received a Swap Now request, what should I do?
If you are agreeable and have already spoken to the Buyer and have concluded the terms of sale and conditions, (e.g delivery duration etc. ) you should proceed to fulfill the order and communicate to the other party what to expect.
Once the Buyer receives your product or services, they will have to complete the transaction by clicking “I have received my order”, after which you will receive your tokens in your MetaMask wallet that is linked to your Adpost account.
How do i check whether someone has requested a Swap Now offer from me?
View status of your order as follows:
1. Check your Adpost messages inbox for request.
2 . View “Selling History”
3. Filter by status “Awaiting Delivery”
If you see an order under awaiting delivery, it means you have a Swap Now request from a Buyer.
Buyer has made payment, tokens are currently seating in Adpost Escrow.
FUND WITHDRAWALS >
Do I have to manually initiate a withdrawal to my MetaMask wallet?
No, you do not need to.
If your MetaMask wallet is already connected to your Adpost account prior to completion of the trade, funds sent by Buyer will automatically be transferred to your MetaMask
However, if it falls under the following scenario, you will be required to manually withdraw:
A Buyer initiated the Swap Now trade before you linked a MetaMask wallet to your account.
Buyer’s tokens will be safely held in Adpost Secures until you the Seller connect a MetaMask wallet.
The following steps will guide you in how to manually withdraw tokens:
1. The first step is to link a MetaMask wallet in your account Dashboard.
2. Click View Selling History
If you do not see any transaction history but Buyer claims payment has been made, go to step 4.
Navigate to your product/service Ad listing page and click “Swap Now”.
You should see the prompt status in step 5.
3. Withdrawn status will indicate “No”
4. Click on the url to browse your product/service page.
5. On your product/services page, click on “Swap Now” to reveal the “Withdraw” button to perform a manual withdrawal
Upon clicking “Withdraw Token” you should receive a MetaMask prompt requesting the gas fees. The gas fee in this screenshot is just a reference.
At this point, you should have successfully received the token in your MetaMask wallet.
I fulfilled my orders, but Buyer has not closed the order. What should i do?
Try reaching out to the Buyer via Adpost messaging. If the Buyer does not respond, reach out to Adpost support for assistance.
Buyer -
I'm requesting a Swap for a product or service
Are there other options besides Swap USDT?
Adpost currently provides the USDT on Polygon option only.
Can I cancel a Swap Now request?
By doing so it means you are backing out from your Swap request.
Scenario 1
The Seller has not delivered or fulfilled the order.
If you have yet to receive the product or service, canceling the order means you do not wish to proceed.
By using the Swap Now feature, your funds will be held safely until the issue has been resolved.
Scenario 2
The Seller has delivered or fulfilled the order.
You are not satisfied with the product or service, canceling the order means you are requesting a full refund/partial refund.
You may be required to return the item to the owner to be eligible for a refund.
Once the Seller has received the returned item, we will be able to process the refund for you.
Note: Cancellation of an order can only be performed by Adpost support. Our support team will respond to your request within 24 hours.