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Updates in Saymatik Wallet - Saymatik Cüzdan da Güncellemeler
06 Jun, 2023
Good morning SciMates, We are excited to share with you, dear investors, the news regarding the updates in Saymatik wallet. We are thankful for your patience. Saymatik is currently DEX, i.e. its totally decentralized. But we have users who want to withdraw and deposit from a bank, so we are talking to Şeker Bank in Türkiye. Here is the deal, the Saymatik crypto wallet will be hybrid. For those who want to deposit/withdraw money in Turkish Lira and want to use a bank, they must do KYC, means they will have to verify their identity. Those, who want to use only USDT for deposit and withdraw, they do not need to verify their identity. Watch our video regarding the updates in the Saymatik at https://www.youtube.com/watch?v=xMAd0UIiLag Here is a quick review: Buy and Sell functions: We are testing buy and sell functions in SCI+ BEP20 token on the binance network and MAT & EFE token in the scimatic network. This buy and sell function do not means they are open sales. Actually, these functions are working in a DEX way. The smart contract behind these functions has certain amount of USDT and SCI+ token. The price of SCI+ is calculated from the amount of USDT in the contract. You cannot sell SCI+ to the contract if the price is more than the USDT stored in the contract (see Balance in the Exchange below the buy and sell functions). for example, in the test smart contract, there are 12.5 USDT, looking the price, you cannot sell you tokens if the price is more than 12.5 USDT. After completed the test, we will put more USDT and SCI+ tokens in this smart contract so you can do the DEX buy and sell. If you want to sell or buy more than the limited, use P2P function instead. Locker: The locker function works with a smart contract. You can lock your own tokens for certain days. They stay in your wallet and we have no control over it. The purpose of this function is to forbid you to control your greed and panic levels. After the time is passed, the tokens will be unlocked and you can do any desired transaction. Again, we have no control over your locker and your wallet. P2P: This function means person to person buy and sale in the form of a package. Say you have 1000 SCI+ and you want to sell them at a price of 0.001USDT, you can create a sell order and vice versa. On the other hand, if you want to sell your SCI+ tokens to an already created buy order, just click the sell button on that order. The USDT and SCI+ interchanges from the smart contract directly to your account. We have no control over it. P2P function works between you, the smart contract and the buyer or seller. Follow our channels for live updates.