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How The System Works

Please see the case scenario below to get a feel for how the system works. To view the presentation, please click on any of the thumbnail pictures below.

1. Bob enters the system and has a desire to obtain and provide various items, so he creates a list of items for his wish list. In this case, he creates the following items:

  • I want to sell my mobile phone.
  • I want to buy a television.
  • I want to provide my services as a car mechanic.
  • I want to obtain the services of a plumber.

Additional Information:

Create An Item Now.


See the following help articles:


2. At the moment, these items can not be seen by anyone else, so Bob decides that he would like to advertise his desire to sell his 'mobile phone'. In this case Bob creates advertisement number 123 (linked to his wish-list item of I want to sell my mobile phone) with the following conditions: I will accept the best offer at the end of the advertisement duration and I am willing to accept money and/or the swapping of items.


Additional Information:

Advertise An Item Now.


See the following help articles:


3. Jane enters the system and has a desire to obtain and provide various things, so she creates a list of items for her wish list.  In this case, she creates the following items:

  • I want to buy a mobile phone.

  • I want to sell a television.


4. Jane enters the system and has a desire to buy a mobile phone, so she searches and browses the system advertisements to find the item that she is looking for.


Additional Information:

Search Now.
Browse Now.


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5. Jane finds Bob's advertisement number 123 and makes an offer to Bob, in this case I will buy your mobile phone for $$100


Additional Information:

See the following help articles:


6. Since Jane is making an offer on Bob's advertisement, Jane is able to see Bob's wish-list (to see if there is anything that Bob desires that she can fulfill). In this case, Jane can see that Bob is looking for a 'television' and she has a 'television' that she would like to sell. Jane is able to make as many offers as she likes, so she makes another offer to Bob of I will provide you with my 'television' if you provide me with your 'mobile phone'.


7. In the meantime, Bob has been busy searching and browsing the system to find other Traders who might desire his 'mobile phone'. Even though he has created his advertisement for his 'mobile phone', he can still choose to offer it to as many other people as he likes and thus he increases his chances of finding a match for this transaction.


8. Bob finds multiple advertisements for people wanting to purchase mobile phones, so he makes multiple offers to multiple traders.


9. Bob also finds multiple advertisements for people wanting to sell 'televisions', so he makes multiple offers to multiple traders.


10. Bob reviews his advertisement number 123 and sees that he has some offers from Jane.

Bob likes Jane's offer of $$100, and he could choose to accept this offer right now and complete the transaction, but he would like a bit more, so he creates a counter-offer to Jane, in this case I will provide you with my mobile phone for $$120.  Note that at any time he can return to Jane's original offer and choose to accept it (even if she does not reply to his counter offer).


Additional Information:

View My Offers Now.


See the following help articles:


11. Bob does not like Jane's offer of a 'television' and he could choose to decline this offer (so that Jane knows he is not interested), but instead he makes a counter offer, in this case I will provide you with my mobile phone if you provide me with your television set and $$50.


Additional Information:

See the following help articles:


12. In the meantime, Jane has been busy searching and browsing the system to find other Traders who are selling the 'mobile phone' that she desires. Even though she has made an offer to Bob's advertisement, she can still make as many different offers as she likes, to as many different traders as she likes and thus she increases her chances of finding a match for this transaction.


Additional Information:

See the following help articles:


13. Jane finds multiple advertisements for people wanting to sell mobile phones, so she makes multiple offers to multiple traders.


14. Jane finds multiple advertisements for people wanting to buy 'televisions', so she makes multiple offers to multiple traders.


15. Jane decides that she might have more success in selling her 'television' if she creates a advertisement (because traders can not search or browse wish-lists in the same way that they can search and browse advertisements), in this case she creates an advertisement 'I will sell my television' to the best offer in 10 days and I will only accept money only (no trading).


16. Jane reviews the counter-offers made from Bob and likes his counter-offer of I will provide you with my 'mobile phone' if you provide me with your 'television' and $$50, she could accept this offer right now and complete the transaction, but she thinks that she can do better so she makes an offer to Bob of I will provide you with my 'television' and $$25 for your 'mobile phone'.


17. In the meantime, Bob has received various other offers from various other traders for his 'mobile phone'.


18. Also, Jane has been receiving various offers from various traders for her 'television'.


19. Bob reviews his advertisement number 123 and out of all the offers, he most likes the offer from Jane of I will provide you with my 'television' and $$25 for your 'mobile phone' so he chooses to accept the offer (and hence, Bob's winning advertisement becomes completed and Jane's winning offer becomes accepted).

Additional Information:

See the following help articles:


20. At this point, Bob and Jane have formed an agreement, the system then starts a process of automatically declining and retracting all other offers that are affected by this agreement. (NOTE: all the following steps that occur as part of this process of retracting and declining offers will occur as one simultaneous action within the system.)


Additional Information:

View My Agreements Now.


See the following help articles:


21. The system closes (i.e. marking as complete) Bob's wish-list item of sell a 'mobile phone', Bob's advertisement number 123 of 'I want to sell my mobile phone', and Bob's wish-list item of buy a 'television' so that no other agreements can occur.


22. The system closes (i.e. marking as complete) Jane's wish-list item of sell a 'television' and Jane's advertisement of 'I want to sell my television', and Jane's wish-list item of buy a 'mobile phone', so that no other agreements can occur.

Please note that if Bob had created an advertisement to buy a television too, or if Jane had created an advertisement to buy a mobile phone too, then the system would close those advertisements too (so that no other transactions can occur).


23. The system declines all offers made to Jane's advertisement 'I want to buy a television', as she has already satisfied this need.


24. The system declines all offers made to Bob's advertisement 'I want to sell a mobile phone', as he has already satisfied this need.


25. The system retracts the all counter-offers made by Bob on his advertisement 'I want to sell a mobile phone', as he has already satisfied this need.


Additional Information:

See the following help articles:


26. The system retracts all offers made to other advertisements by Bob with his wish-list items 'I want to buy a television' and 'I want to sell a mobile phone', as he has already satisfied this need.


27. The system retracts all offers made to other advertisements by Jane with her wish-list items 'I want to sell a television' and 'I want to buy a mobile phone', as she has already satisfied this need.


28. At this point, the system has retracted and declined all offers and advertisements that include the items that are part of this transaction. Bob and Jane are now free to exchange items without any fear of being over committed to another Trader.

Please note that if Bob had created an advertisement to buy a television too, or if Jane had created an advertisement to buy a mobile phone too, then the system would reject all other offers that were made to these advertisements too, so that no other agreement involving the television or the mobile phone can occur.


Additional Information:

See the following help articles:


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