📚General

General FAQ

What is Joint Protocol?

Joint is a peer-to-peer exchange protocol that allows users to swap cryptocurrencies for fiat or other cryptocurrencies. Joint lets users interact directly with themselves to complete trades. No middleperson. No central authority.

What can I do with the Joint Protocol?

You can use the Joint protocol to exchange any cryptocurrency for fiat or other cryptocurrencies. For example, you can exchange ETH for fiat or ETH for USDC.

What trading pairs are supported?

Joint Protocol allows anyone to create a market for any token pair as long as they are based on the ERC20 standard. Joint has no trading pair limitation.

Who are the protocol participants?

Protocol participants are persons or entities that work together to keep the protocol lively and operating optimally. These are the protocol participants:

• Market Creator - They create markets that can be traded on.

• Liquidity Provider - Adds and manages liquidity in a market.

• Liquidity Manager - Optionally granted the power to set or update a liquidity's price.

• Mediator - Responsible for resolving disputes.

• Miner - Executes public operations (ex, drafting, un-drafting, vote execution, etc.).

• Interface operator - Provides and manages an interface (website or mobile app) that allows users to access and use the protocol quickly.

Who is a taker?

A taker (or swapper) is a person who swaps a quote asset for the base asset of any market.

What is an Interface?

An interface is a Dapp built on top of the Joint protocol. It can be a web or mobile application. Anyone can build an interface for the Joint protocol with additional features. The beauty of Joint protocol is that all interfaces intrinsically adhere to the protocol's censorship-resistant and non-custodial rules.

Is KYC required?

As a collection of smart contracts deployed on the blockchain, the protocol does not require KYC registration. However, interface operators incorporated in regions where KYC is mandatory may enforce KYC through the badge system.

How are disputes resolved?

The Joint protocol includes an open, transparent, and simple decentralised dispute resolution protocol. When a dispute is raised, registered mediators are randomly drafted to the dispute, where they collect evidence and vote on a verdict. Mediators are rewarded by the protocol when they vote with the majority and are slashed when they vote with the minority.

How will Joint protocol be governed?

The Joint Team team will initially develop the Joint Protocol. When the protocol matures, a co-governance system between the protocol creators and the community will be set up to manage the protocol.