How to Securely Trade on Goods and Services on the Largo Platform

4 min readAug 12, 2020

Largo Platform is a decentralized platform owned by Largo Coin. The concept behind it is to create a medium through which global trades can be scaled in real-time.

You will recall that the traditional Electronic Commerce (e-commerce) industry is fraught with many challenges, including last-mile delivery issues, shopping cart abandonment and payment issues.

What if I tell you that there is a way to transact in the global trade markets without having to pass through the current issues? Yes, there is a way and the variety of solutions in place for that are pioneered by Largo Platform.

The steps involved in trading of goods and services on Largo Platform are outlined Below

Connect with a Merchant

The first thing you will do is to connect with a merchant or a wholesaler on Largo Platform. Of course, that is if you are a retailer. The same scenario plays out if you are a buyer.

Already, Largo Platform is structured across multi-business lines. Businesses can establish connections with consumers/buyers. At the same time, consumers can establish mutual connections.

Reach an Agreement

The second step in the usability of Largo Platform is to come to terms with the merchant you want to transact with. The agreement will be in line with the trustless transactions that Largo Platform is fostering.

Therefore, you can signal the Largo Platform escrow service to be in charge of financial transactions on the platform. The idea is that you will send the agreed sum of the product/service you want to buy from the merchant to Largo Platform escrow service.

That way, neither you nor the merchant will have access to the funds until the transaction(s) must have been completed.

Order Confirmation and Receipt

Haven funded the Largo Platform escrow service with the payment; the merchant will then confirm the order.

The next step is for the merchant to facilitate the ordered product so he will be paid. And that is where you will come in to confirm the receipt of the product in good condition.

Finalized Transactions

Worthy of mention is that transactions facilitated via Largo Platform can be done in two variants. The first method is to use the Pay on Delivery (PoD) basis that allows you to pay for the products when you must have received the same.

The other is to pay upfront for the product and await delivery from the merchant.

With that being said, all the transactions on Largo Platform are final, meaning that disputes are hardly opened. Of course, Largo Platform can do that because it uses a trustless system that causes the transactions to be scaled and confirmed in real-time.

Largo Platform – The Future of E-Commerce?

It is still a bit early to start making postulations on whether Largo Platform is the future of e-commerce or not.

Undoubtedly, the platform has strong fundamentals, especially with the backing of Largo Coin, the parent company.

The future of Largo Platform looks great and more adoptions of the platform, the influx of more merchants and buyers, as well as more use cases for the Largo Coin (LRG), can help increase the acceptability of Largo Platform in the e-commerce industry.

Largo Coin (LRG) is currently trading on the exchanges listed below

COINEAL (LRG/USDT)