Legal model of the marketplace operation

• BAFEX operates as an online platform connecting buyers and sellers.

• Transactions are carried out through smart contracts (Escrow), in which the buyer's payment is temporarily "frozen" until the receipt of the goods is confirmed.

• Each participant (buyer, seller) enters into an offer agreement (Terms of Use) with BAFEX, while the legal obligations under the transaction are spelled out through a smart contract, and not directly between the buyer and seller.

• Transactions are executed on a peer-to-peer (P2P) basis, where the platform acts as a technological intermediary but does not assume the risk of non-delivery or non-payment.