Overview

What is Looty? Looty (looty.life) is a product developed by the Qrism.space (https://qrism.space) venture studio. It is a hybrid P2P platform built from the ground up with one primary goal: to provide the maximum level of security and trust when exchanging cryptocurrency for fiat currency.

Mission and Vision

• Mission: To create a secure, transparent, and efficient P2P platform.

• Vision: We are building a P2P ecosystem where security is guaranteed not by "word of honor" or reputation, but by an undeniable economic incentive. We eliminate the fundamental problem of P2P trading—the risk of fraud.

The Problem Traditional P2P platforms suffer from a high risk of fraud. Users risk losing funds due to fake receipts, "triangular" schemes, or simply dishonest counterparties. Scammers face no real "economic consequences" for their actions, and existing arbitration systems are slow, inefficient, and require locking up liquidity within the trade itself.

Our Solution (High-Level) Looty introduces a mandatory security deposit (collateral) for all trade participants. We call this model "Deposit-to-Trade."

• Key Mechanic: Your trading limit equals your deposit.

• Example: Want to conduct trades up to $1,000? You must deposit 1,000 USDC into the platform's treasury wallet.

• Result: This immediately filters out scammers (it's unprofitable for them) and gives us a real "slashing" mechanism to compensate victims.

Future: Transformation into a Neobank Looty is the first step. Our long-term vision is to use this secure P2P infrastructure as the foundation for building a full-fledged decentralized neobank that bridges fiat and crypto operations.