Hi Nickz,
Thanks for reviewing. Just to clarify: the market page is public. LTC pricing and seller offers are visible without login, and only checkout requires sign-in: wallet [dot] parniancoin [dot] com / market (screenshot attached).
That said, I’d like to understand what you consider a valid Litecoin connection for the Project Announcements board. Is LTC as the payment and trading pair enough, or are you looking for something deeper, like technical integration? I’d rather build something meaningful than just tick a box.
Thanks,
ParnianCoin team
With payments matched by the exact LTC amount, the case worth spelling out for buyers is a payment that doesn’t match. The LTC goes straight to the seller’s address and only the PARC sits in escrow, so a buyer who sends a slightly different amount, splits it into two transactions or pays after the offer is gone has no escrow to fall back on, and getting the LTC back depends on the seller. Two buyers ordering the same amount from one seller at the same time would also be hard to tell apart. A separate LTC address for each order, derived from the seller’s xpub, solves both problems and lets the escrow match payments by address.
That kind of setup is also what a deeper Litecoin integration tends to look like in practice: a Litecoin Core node confirming payments, per-order addresses and possibly MWEB addresses for buyers who want privacy. Whether it fits Project Announcements is for the moderators to decide.
Thanks, this is a fair point, and it came up today. A buyer paid about an hour after his order expired. The LTC reached the seller, the PARC was still in escrow, and we verified the payment on-chain and completed the order. The buyer has his 3 PARC.
Changes already live as of tonight:
Late payments are no longer missed. Expired orders stay watched for 48 hours. A payment that arrives late goes to a review queue and is settled from escrow while the offer still has PARC.
Longer payment window: 3 hours instead of 1, since exchange withdrawals are often batched.
Next step is what you described: a separate LTC address for each order, derived from the seller’s xpub, so payments are matched by address instead of exact amount. That covers split payments, wrong amounts, and identical orders at the same time. MWEB is a good idea for later.
Appreciate the detailed feedback.
Thanks for explaining how it works! The escrow system and automatic release after confirmations sound useful. It’s always good to see projects trying to make crypto trading simpler, though I’d still recommend checking the platform carefully before sending any funds.
Thanks for the kind words, and you’re absolutely right. Checking first is always the best approach.
A few ways to verify before trading:
Every trade is on-chain on both sides. You can check the PARC side on the explorer (explorer dot parniancoin dot com) and the LTC side on any Litecoin explorer.
PARC is released from escrow only after 6 LTC confirmations, so nothing depends on trust in a person.
Start with a small amount to test the flow end to end.
PARC/LTC market update: 5 completed trades
The reference price now comes **only from completed trades** (7-day VWAP), not from asking prices
Market (public, no login needed to view): wallet [dot] parniancoin [dot] com / market