🔄Counteroffer

This feature will not be activated for the first phase of the marketplace, helping prevent confusion and making it easier for users to adopt and use the platform. For Phase 1 Assets have been fractionalized and added to the marketplace.

The counter-offer feature on the RWA Marketplace allows asset buyers to negotiate terms with asset originators. Here's how the process generally works:

1. An asset buyer expresses interest in an asset listed on the marketplace, they can either buy the asset listed or initiates a counter-offer with new terms.

2. The asset originator receives the request and reviews the proposed terms.

3. If the proposed terms are not suitable for the originator, they can respond with a counteroffer.

4. The asset buyer can then review the counteroffer and decide whether to accept, reject, or provide their own counteroffer.

5. This negotiation process can continue until both parties reach a mutually acceptable agreement.

The counter-offer feature provides flexibility in term negotiations and allows both parties to tailor the terms to their specific needs.

Example

Suppose an asset originator wants to sell an invoice worth $50,000. The Asset Buyer views the invoice details and finds the factoring fee of 3% too low. Instead of buying the invoice, the asset buyer decides to make a counteroffer of a higher factoring fee.

The Asset Buyer submits a counteroffer with the revised factoring fee of 5% instead of the original 3%. The asset originator is notified of the counteroffer and can choose to accept, reject, or make a counteroffer themselves. If the asset originator accepts the counteroffer, the new fee is updated on the system, and the asset buyer can now buy the invoice with new terms.

In this way, the counteroffer feature enables negotiation and flexibility in asset terms, benefiting both the Asset Buyer and the Asset originator. Note: The exact process may vary depending on the specific asset and the terms set by the Asset Buyer. It’s recommended to carefully review and understand the terms before sending a counteroffer to an asset.