Traders on the Bitfair platform will be able to place orders for a wide range of tokens in various trading contracts. All trades are recorded into a Smart Option Contract (SOC).
All SOC trades will automatically execute if the floor or ceiling price is reached anytime during the trade contract or at the expiry of the trading contract.
When predetermined conditions are met, Bitfair will trigger and execute the trade. Funds will then be distributed to the profitable trader.