Concepts
Order book
Buy listed INFERENCE, compare routes and fees, or manage tokens held for sale.
The order book matches buyers with INFERENCE that holders have listed for USDC.
Use Trade to buy INFERENCE. The quote compares the available routes. Book then sale fills listings first and sends the remaining budget through the sale. Add credit buys and activates INFERENCE as service credit.
Prices and matching
Listings use eleven prices from 0.50 to 1.00 USDC per INFERENCE, in steps of 0.05. Purchases fill the lowest price first, then the oldest listing at that price. Partial fills keep their place in the queue.
Each listing must start with at least 1 INFERENCE. Amounts can include six decimal places, down to one token atom. Listings have no expiry.
Escrow and proceeds
Placement transfers the listed INFERENCE from your wallet into the book contract. Each fill adds USDC to the seller's claimable proceeds.
Claiming sends settled USDC proceeds to your wallet. Cancelling returns unfilled INFERENCE and leaves earlier fills intact. Cancel and place a new listing to change its price or amount.
When a book is replaced, its listings and proceeds stay with their original contract. Sell shows those records alongside newer listings, with the same cancel and claim actions.
See Selling for the steps.
Quotes and fees
Wallet compares Sale, Order book, Pool, and Book then sale where those routes are available. Check the output, purchase fee, activation fee, and minimum received before confirming.
Book purchases that deliver tokens include a buyer fee. Book purchases that activate into credit apply the token's activation fee instead. The sale has its own purchase fee and activation treatment. The quote shows the resulting output for the selected route.
Seller proceeds come from filled listings. Buyer fees do not reduce those proceeds. Your wallet also pays the network cost for approvals, placement, purchases, cancellation, and claims.
Output and credit
The minimum INFERENCE amount protects the gross token output of the selected route. It is not a minimum service-credit balance.
Activation credit is an estimate after fees. The book and sale can contribute different amounts by the time the transaction confirms. The confirmed activation receipts determine the credit added to your account.
Quotes refresh as the available listings and routes change. A quote's refresh time is not an on-chain transaction deadline.
Purchase limits
A purchase fills at most 32 listings. The Order book route returns unspent USDC. Book then sale sends the remaining budget to the sale and returns amounts below the sale's purchase minimum.
The quote shows the output and fees for the route currently available. Sale proceeds go to the configured funding wallet. Stats reports that wallet's observed balance separately from listed INFERENCE.