What is a 1by1

With 1by1 you can exchange ETH to TMV according to the system’s internal rate.

What is so special about 1by1? You can instantly get TMV. It’s much more convenient than opening a new TBox, if you only need to exchange ETH to TMV and you don’t want to worry about the collateral of a TBox.

1by1 exchange has two stages:
1) Exchange request generation;
2) Matching (finding a counterparty) and the exchange itself.

During the exchange, the counterparty provides the amount of ETH requested to lock them in a TBox and withdraw TMV. After that, the request generator receives TMV, while the counterparty receives ETH. Moreover, the counterparty of the 1by1 deal becomes the owner of the TBox account generated during the transaction. The commission for the transaction is 0,5% of the deal and is charged in TMV.