Phase-1: Initiate Chat

Objective: Establish interest and rapport to decide if the deal should proceed.

Getting Started on Exitpad Before diving into deals:

Create an Account: Sign up with an email.
Seller Role: List your assets for sale by providing details like asset type (e.g., domain, business, crypto project), description, asking price, and supporting information. Listings become visible to buyers.
Buyer Role: Browse listed projects/assets. Show interest by messaging the seller directly on Exitpad.
Deal Initiation: A deal officially starts when a buyer sends the first message to a seller about a listing. At this point, a status bar appears for both parties, tracking progress through the 5 phases. The bar updates in real-time as phases advance.

Key Principles:

All communications and submissions happen via the platform's chat/messaging system.
Notifications alert users to actions required.
Deals can be revised or canceled at certain points, but once escrow is funded, commitments are final.
Support: Request Exitpad Admins to join the chat for guidance or if issues arise (e.g., disputes).

Now, let's break down Phase-1 of the dealflow.

Phase 1: Initial Chat

Objective: Establish interest and rapport to decide if the deal should proceed.

Status Bar: Shows "Phase 1" upon the buyer's first message.

Buyer Initiates: Browse listings and send a message to the seller expressing interest (e.g., "I'm interested in your DApp, can we discuss details?").
Seller Responds: Reply to the message, providing initial info or asking questions.
Conversation: Both parties chat freely to greet, share high-level details, and gauge fit. No formal commitments yet.
Decision to Proceed: If both agree to move forward (e.g., via a "Proceed to Terms" button in chat), the deal advances to Phase 2. If not, the deal and chat can be terminated by either user.