Gems guide
What are Gems?
Gems are account points from GFAVIP. On Liquidity.spot, an offer creator can optionally pledge them as a bond to show they intend to complete a P2P trade.
Gems are not HNS or BTC, and you do not need Gems for a normal P2P offer with no bond.
How a Gems bond works
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1. The maker pledges
The person posting the offer chooses a bond amount. Liquidity.spot locks those Gems before the listing becomes public.
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2. The offer goes live
Only a successfully funded offer appears on the P2P board. The taker never pays the maker's bond.
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3. The bond is resolved
It is normally returned when the trade completes. In a dispute, an administrator can review the record and slash the bond.
If you are accepting an offer
A bond shown on a listing belongs to the offer creator. You do not need that number of Gems to accept it.
If a bonded offer is visible, its Gems have already been locked. Accepting it does not charge you or ask the maker to fund it again.
If you created the offer
You need the full pledged amount available when you post. The offer goes live only after those Gems are locked.
Canceling an unmatched offer returns its bond. A completed trade normally returns it; a dispute may lead to slashing after administrator review.
What a Gems bond does not do
- It does not guarantee that a trade will succeed or that a counterparty is trustworthy.
- It does not insure, hold, or automatically return your HNS or BTC.
- It does not replace checking addresses, amounts, payment status, and the trade-room record yourself.