Token

You send ROO like any coin, between addresses and between Amaroo’s simplex chains, the network’s own chains. Every transaction you send on the simplex pays the network fee in ROO, and a fee buys a place in a block. On the exchange, the match a block writes pays none. Payments on other chains pay those chains’ own fees, and there is no exchange fee. How fees work on the exchange.

Every order book is priced against ROO: it is the base pair, the side every book shares. There is one book per coin rather than one per pair, so a trade from one coin to another passes through ROO, in two trades, one on each coin’s book. Between the two, what you hold is ROO.

On the Settlement DEX (SDEX), a buyer’s bid locks the ROO it will spend, and a seller of a coin from a foreign chain, a chain outside Amaroo such as Bitcoin, locks ROO as collateral. If a matched seller never pays, a timeout refunds the buyers, plus a share of that collateral. Your assets are traded and signed by your keys, from your wallet; while a trade settles, the ROO it locks is held in escrow by the protocol.

The OTC path is for trades agreed between two parties instead of taken off the public book. A maker escrows ROO in an offer, priced off the book with a premium the maker sets; escrowed means held by the protocol until the trade resolves. A buyer pays the maker on the foreign chain, and the proof of that payment releases the ROO. The path is designed so a first trade needs no ROO, as the way a wallet gets its first.

Amaroo is designed to run applications on the simplex, the network of Amaroo’s own chains, and on dapp-chains. On the simplex, ROO is designed for their transactions and interactions.

A dapp-chain is an application chain with its own rules, anchored to the network. ROO’s interactions are designed to extend to dapp-chains.