Monopoly Market has closed.
Monopoly market is a direct deal, walletless, userless, XMR exclusive, drug-focused, dark net marketplace aimed to provide a portfolio of well-vetted vendors for reliable, safe trading. Over the course of the past few months, the admins of monopoly market claim that they have built Monopoly from the ground up while observing comments made on the sub Dread /d/DarkNetMarkets.
|Launch Date||November 2019|
|2 Factor Authentication||YES|
|Vendor Commission||0% or 4-5%|
Monopoly Market PGP
Monopoly Market Tutorials
Welcome to monopoly market, we are pleased you have decided to read this walkthrough to make your experience here a little easier. This walkthrough not only covers the basics for new users but explains the ins and outs of the systems we have in place. Remember, learn this once and you will be set for life. First we need to setup the programs you will need to encrypt messages and send payments on monopoly market
Established Vendors on monopoly market are vendors that have a proven significant background across various markets and communities, Legacy Vendors are new vendors that we accepted before the introduction of escrow, New Vendors are new vendors we accepted after we implemented escrow.
Every vendor on monopoly market has a maximum amount of orders they can have open at any given time, this is to force vendors to actively aim to complete transactions to prevent them from reaching their limit, we do actively check vendors before increasing limits.
Currently vendors on monopoly market cannot exceed a 10% defect rating, this means that a vendor is only allowed to have a maximum of 10% of their orders disputed at any given time. If they reach this limit they will not be able to accept orders until we verify what the issue is.
If a vendor on monopoly market does not login for 3 days their account is automatically placed on vacation mode which prevents them from accepting new orders, from time to time we may limit a vendors account during an investigation which also prevents them from taking new orders.
Will protect you from vendor exit scams, vendors who refuse to follow their refund policy, and vendors who go missing. If we decide to exit, obviously your funds will be lost. This is not to say we are going to exit however you need to be aware of this.
Monopoly Market will protect you from market exits as funds go directly into the vendors account, obviously if the vendor goes missing, or exit scams your funds are likely going to be stuck or lost forever. We do however enforce very strict rules across the board.
Detailed statistics generated from the vendors on monopoly market performance, you need to use this to your advantage before creating orders to protect yourself from scams/time wasters.
Will allow you to check a record of the vendors shipping history in relation to your desired delivery country. This will give you a general idea, not guarantee a successful delivery.
Monopoly Market Launch Announcement
Market Name: Monopoly Market
Market Onion: https://monopoly.link (We are not a clearnet market, we have just created our own dark.fail to prevent scraping)
Market Forums: We do not intend on launching our own forum, our community will be based within our sub.
Market Sub: /d/Monopoly (Not yet created)
Market Rep: /u/MonopolyOfficial (Controlled by the founders, not PA representatives)
Payment Methods: Direct Deals/FE
Payment Accepted: XMR
Market PGP: /u/MonopolyOfficial/pgp/
Greetings and welcome to the official announcement thread of Monopoly; a direct deal, walletless, userless, XMR exclusive, drug-focused, marketplace aimed to provide a portfolio of well-vetted vendors for reliable, safe trading. Over the course of the past few months, we have built Monopoly from the ground up while taking keynotes from comments made on Dread, especially within /d/DarkNetMarkets. Below we will share a short explanation of our features and why we decided to implement them;
Userless – Not only do we want to mitigate phishing attempts, but due to the slow way in which the network runs, we want to reduce the number of clicks required to place an order.
Before you would create an account or log in, find your desired listing, make a deposit, wait for confirmations, likely have to re-login, place an order, then check back for it to be accepted all while logging in and out to check its status. With Monopoly it’s a much more lean process when ordering and checking the status of an order is as simple as entering your order code.
While phishing for order codes is a lot more convenient with this type of system all trades are locked in which means if you lose your order code or is obtained by an unwanted party it can only be reset using the PGP key provided during checkout, this goes for refunds as well. Vendors who decide not to follow this are liable to compensate you for any losses. An added security benefit is you are no longer linked to multiple orders assuming you have encrypted your messages with PGP.
A real-world example of this would be a vendor was caught and had stored customers information physically, after police reviewed the accounts of his customers they noticed a specific user John Doe had made a large number of orders and suspected he was purchasing drugs for resale, resulting in John Doe being investigated and raided.
Walletless – Payments are made direct to the vendor, we do not generate wallets or have any control of them. It is very unlikely we will ever have an onsite wallet/balance or hold user funds. We are dedicated to making this direct deal system work as the current trend is only to offer it to established vendors, which we intend to do. So you know any vendor on our marketplace is as reputable as a marketplace where they would have select FE privileges anyway.
XMR Exclusive – We think its time Monero became the standard because not only is it superior but people are too lazy and simply don’t care about the tracks they leave. Every hit against our community is a bullet in the hands of law enforcement and the mainstream media propaganda who denounce the “big bad deep web” in their low-quality articles. It is time we bankrupted these blockchain analyst dogs because they are profiting off our misfortune and as a community, we need to put an end to it.
Drug Focused – Due to the way in which our marketplace functions we want to focus on physical drug sales as fraud/digital products come with a lot of accusations and problems validating if an item was actually sent as described.
Segregated Design – The vendor panel is entirely separate to the marketplace, which means if our main URLs are attacked, then vendors are still able to fulfill orders without an issue. If a vendor URL is leaked we know which vendor the link belongs to thus can thwart the attack fairly quickly.
Link Distribution Network (LDN) – During the current climate we have introduced an automatic mirror rotation, for now, this should be the only place you obtain links to Monopoly.
Purge Order Data – Again you should treat Monopoly as if it was a law enforcement operation, you do not hand us information that can be used against you. All of your messages should be encrypted and when a trade is final we don’t even want record of these so as a perk for leaving feedback to the seller we offer the ability for all order information to be deleted minus the feedback you leave.
How does the ordering process work?
Just like any other market, you send your Monero to a given address and obtain the Transaction ID plus Secret View Key (for that specific transaction) then verify the payment. By default your payment needs to have ten confirmations, we do not have any automatic queue or cron job, you confirm the transaction on your time, and it will trigger our script. To reduce spam, messaging is disabled and your order is not visible to the vendor until your payment is marked as funded. All unfunded orders will expire after 12 hours, which should be more than enough time for your payment to be confirmed. We have provided an in-depth tutorial covering the entire process located at the bottom of this post.
Methods to reduce scamming
We do not control any wallets nor forward on payments which allow us to avoid the annoying confirmation delays, technical issues, price fluctuation, vendor complaints/delays, and generally, shorten the time it takes to make a purchase. To avoid evil vendors before they are even allowed to sell on the marketplace we conduct the following checks;
– Past feedback on other marketplaces.
– Posts within the community (mainly Dread) to review how complaints were dealt with, involvement in drama, and other general activity.
– Age of their vendor profile and how long they have been in the community.
Once we have established a positive footprint we will allow them to vend on our marketplace applying limits to the following;
Defect Rate – Which is essentially how many disputes a vendor can have open at any given time. Once this limit is reached, their selling abilities will be automatically restricted until it falls below the threshold. Yes we are aware this will be abused and if we suspect orchestrated attacks against our vendors they will be removed and the funds will remain in control of the vendor.
Pending Orders – To avoid huge exit scams from taking place when a vendor hits their limit for simultaneous orders, they will be unable to take any further orders until they fall back below the threshold.
Listing approval – All listings are manually approved before going live. This is to ensure the quality and to keep the marketplace tidy.
We are hoping that with the limits described above, detailed statistics on each vendor, and the power of Dread an informed decision can be made by each buyer to ensure scams do not take place. While 2/3 multisig is our main goal we feel that at this stage it is far too much of an ask and simply wont be used. We will revisit this option later down the road.
What options are left for you to be scammed?
As we have zero control over user funds the only way we could possibly scam users is by;
– Replacing all sending addresses to our own, which should be seen fairly quickly resulting in an absolute collapse of our marketplace within a few hours.
– Creating fake vendor accounts and boosting our limits which is again a quick red flag for an inside job because nobody is going to fall for some random vendor nobody has heard of that magically has insanely high selling limits.
We respect that there is no way in this world we can launch a marketplace and demand trust so we have tried to design it in a way that from the get-go you can physically see we have no intentions of ripping people off. Even our own money in commission is paid the following month, so we stand to lose money just as you do.
What are our future plans?
One reason why we love this community is because the users are unfiltered, and real. For too long have new marketplaces popped up with “X coming soon,” and “Y coming soon,” which is just pathetic and shows a lack of dedication to launch a complete build. Everything should be ready and then built off based on what the community wants. We feel as if we have a very solid, lean, functional marketplace prepared to be flooded with ideas and implemented. Monopoly was built off very few minds, and we are so excited to see the direction it goes once feedback has been obtained.
I would like to vend on Monopoly
We do need vendors however, we are only taking on current/established vendors. If you are interested, please respond to this post and we will vet you accordingly. You can expect a private message via your Dread account or your XMPP address. Our current commission rate is 0%; however, it will be raised to around 4-5% once we have a decent sized portfolio of listings. Balances are due on the first of every month, this is paid for the previous month and is visible on your account overview. Vendors will be issued with a dedicated access link (segregated vendor panel) and is complete with PGP 2FA security.
Commission rates for sellers that excel can be negotiated as we do not have one flat rate for every vendor. Your listings are ordered fairly by the number of successful sales, and stickied listings are limited to 3 per subcategory to reduce low-quality spam.
You will never have to withhold packs or worry about why your latest withdrawal is delayed, as long as you treat your customers right we will look after you and provide you with every and any possible addition you may need to shorten your workload and scale your operation on monopoly market.