About OTC Space Airdrop
OTC Space Airdrop is the first over-the-counter market protocol for cryptocurrency trades and transactions with no centralized authority. It is a new platform that allows users to trade cryptocurrencies or tokens that are otherwise unlisted or unavailable until the expiration of a lock-up period which is usually determined by the project teams.
OTC Space is giving away a total of 5 BNB & 500,000 OTC tokens to the top 120 participants. Sign up for the giveaway and complete simple tasks to earn entries. The top 20 participants will share 5 BNB and the next 100 participants will share 500,000 OTC. Also get 1 entry for each referral.
| Platform | Total Value | Max. Participants | Website |
|---|---|---|---|
| Binance Smart Chain | 5 BNB & 500,000 OTC | Unlimited | Click Here To Visit |
How It Work
Trading
Trading on OTC Space is carried out in the form of deliverable futures.
Placing a Sell Order
Placing a sell order by a seller on OTC Space requires depositing a collateral that is equivalent to the amount of token to be sold in BUSD.
Placing a Buy Order
When a buyer wants to buy a token, no additional action is required other than click the buy button.
Transaction Expiration
The deliverable futures transaction expires after the end of the token lock-up period.
After Transaction Expiration
The seller forwards the token to the buyer and their collateral is returned to them.
Seller’s transaction failure
If the seller failed to meet up the initial selling agreement, collateral they deposited in the smart contract is made available to the buyer.
Participate in high yield OTC market
Fix your profit
Sell tokens of promising blockchain projects during lock-up period to hedge your risks
Buy before it’s too late
Hurry up to get the tokens of top-notch projects before they are listed on exchanges after which the price moons.
Get Rewards
Earn rewards by providing liquidity.
Stay private
Maintain complete anonymity while trading and participating in community governance.
Feel safe
Have full control over the funds.
Be a Boss
OTC Space is Decentralized organization and hasn’t CEO and other traditional managers. These roles are divided among the users.
And even More
OTC ERC-20 Swap
Allows ERC-20 tokens peer-to-peer trading securely and privately without any intermediaries or trading fees.
Escrow Trade
An unlimited range of applications and not limited only to OTC digital assets trading.
Why OTC markets exist?
In most cases, investors in ICO of blockchain projects don’t have access to their token immediately after the ICO. These tokens often stay locked and untradeable until the end of the token lock-up period, which is usually determined by the project’s team. Because of this wait period, investors usually find means to hedge risks and fix their profit while waiting for the lock-up period to end.
Miners need to cover costs
Before the official listing of tokens on exchanges, miners need to be able to sell tokens over the counter to buy equipments and cover running costs.
Traders need to do large transactions without KYC
Carrying out large transactions on exchanges requires different level of KYC and submission of personal information. Doing this makes such individual susceptible to risk of identity exposure which is absent in the OTC market.
Protection against supply failure
When a seller places a sell order on a project token on OTCSpace, they pay a 100% collateral in respect to the amount of the sell order in BUSD. The percentage of this collateral is subject to vote after DAO launch. When placing a buy order, no additional action is required from the buyer, except for the purchase of the futures contract itself. At the end of the Lock-Up Period, the seller will have to deposit the project token and in a situation where the seller failed to do this, the security of their contract will be passed to the buyer.