Pre-arbitration is a mechanism to report fake listings. Anyone in the splyt ecosystem can report spam/fake listings.
The contribution functionality freezes until a reported item is resolved. using double staking mechanism.
Double staking mechanism:
Initially seller stakes x tokens to post an item.
A user reports item as fake/misleading, that user also stakes same amount as seller again.
Seller is given an opportunity to prove he's right by staking same amount again.
The spam reporter is given an opportunity to stake again.
If both parties follows through then the staking should total 4x the initial staking amount.
At this point, an arbitrator is assigned; and they decide who's telling the truth. and the 4x staking is split between the arbitrator, the winner.
Pre-arbitration is a mechanism to report fake listings. Anyone in the splyt ecosystem can report spam/fake listings. The contribution functionality freezes until a reported item is resolved. using double staking mechanism.
Double staking mechanism:
If both parties follows through then the staking should total 4x the initial staking amount. At this point, an arbitrator is assigned; and they decide who's telling the truth. and the 4x staking is split between the arbitrator, the winner.