Version 1 Overview

Signex Version 1 was the initial implementation of our P2P platform for crypto assets and NFTs. It allowed users to trade directly with each other but relied on an escrow mechanism, which required assets to be temporarily locked in the contract before a trade could execute.

Key points from V1:

• Escrow-Based Trades: Users had to deposit their tokens/NFTs into the contract first. Only after both sides funded the trade could it execute.

• Multiple Transactions: Completing a trade often required 7+ steps, including deposits, approvals, and final execution.

• Limited P2P Scope: Trades were still 1-to-1, but the flow was slower and less flexible due to the escrow.

• Contract Architecture: Escrow-focused, no atomic swap logic. Trades could be canceled by the maker, but refunds required multiple transactions.

• User Experience: Slower, more complex, and less seamless than V2.

Key Takeaway: V1 was fully functional but required multiple transactions and asset locking. Version 2 replaced the escrow design with atomic swap execution, enabling one-click trustless trades between wallets, improving speed, UX, and simplicity while keeping P2P and non-custodial principles intact.