Handling Disputes

Both parties will have 24 hours from the time a dispute is opened to submit evidence. They will also need to pay a small ~$1 fee in the native currency of the chain they are trading on. For example on Polygon the dispute fee is 1 MATIC.

Once evidence is submitted, the OpenPeer team arbitrates the dispute resolution by reviewing the information submitted by each side and awarding the cryptocurrencies still in escrow to the correct party.

In the future the arbitration process will be decentralised to the OpenPeer token holders. This will lead to greater decentralisation of the platform and token, and make OpenPeer more resilient.

Last updated