OTC Space (OTC) Token What is it and how to buy?

In this article we will talk about OTC Space (OTC) Token, a new and interesting project of the Binance network, which goes on sale on July 21 on Pancake and that in this article we are going to give you all the information about this token and we will teach them to buy it when it is on the market.

OTC Market What is it?

An OTC (over-the-counter) market is a decentralized market where participants carry out transactions and transactions of cryptocurrencies without centralized or decentralized exchange.

One of the biggest advantages of OTC is the ability to exchange tokens that are not yet included in any change or is due to the token lockout period that is determined by the project team.

Why OTC? Are there markets?

ICO of high-level projects does not meet the demand of investors. A critical look at the market situation shows that high-end initial coin offering (ICO) and projects typically have a very limited supply for investors. As such, there used to be hundreds of thousands of queues and long waiting period for investors to have a stake in the ICO.

In most cases, investors in ICOs of blockchain projects do not have access to their token immediately after the ICO. se tokens often remain locked and nontransferable until the end of the token’s lockout period, which is usually determined by the project team.

Due to this waiting period, investors generally find ways to hedge risks and correct their earnings while waiting for the closing period to end.

?About 48 percent of all ICOs funded with institutional capital had no lock-in period, 15 percent of projects had a lock-in period of 1 to 3 months, 17 percent locked their tokens from 4 to 6 months, 14 percent had a lockout period of 8 to 12 months, and 6 percent of the projects studied locked their tokens for 18 to 24 months. ?

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Miners must cover costs

Before the official listing of tokens on exchanges, miners must be able to sell OTC tokens to buy equipment and cover operating expenses.

OTC problems

Merchants need to make large transactions without KYC

Conducting large transactions on exchanges requires a different level of KYC and submission of personal information. Doing this makes the individual susceptible to identity risk exposure that is absent in the OTC market.

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Zero security

main market for OTC trading are social media platforms, groups, chats, and forums. In most cases, predisposing the parties to the transaction to the risk of fraud.

Financial wild west

Prices are characterized by anarchy and zero regulation. OTC market does not depend on traditional market forces like demand and supply. Rather, it is up to the discretion of the buyer and seller and can be extremely different from one buyer or seller to another.

Weather

A lot of time is spent looking for who to negotiate with and discussing transaction terms such as price and escrow.

OTC Space offers

Future deliverable contracts

With us, the price is regulated by market forces (supply and demand rule). re is also a chart with which users can perform technical analysis and make correct and informed decisions.

Protection against supply failures

When placing a purchase order, no additional action required of the buyer is taken, except for the purchase of the futures contract itself. At the end of the lockout period, the seller will need to deposit the project token and in a situation where the seller did not do this, the security of their contract will be passed to the buyer.

When a seller places a sell order on a token project on OTCSpace, they pay a 100% guarantee on the amount of the sell order on BUSD. percentage of this guarantee is subject to vote after the DAO launch.

Incredible security

We take the security of transactions with utmost importance in OTCspace as such, transactions are carried out on decentralized non-custodial exchange (DEX)

OTCSpace Competitors

This project is a novel idea in the blockchain / cryptocurrency industry and has no competitor at the moment. In case of competition, we have well-defined strategies and unique value propositions, that will give us a competitive advantage and an advantage over others in the industry.

Platform

OTC Space is a DAO and the activities of the platform are controlled and governed by its community. That is completely decentralized and the $ OTC token will rule it. Token holders will have voting rights and power based on the number of tokens they have and can debate, propose and vote on all changes on the OTCSpace platform.

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This will allow anyone to update the network with a good idea of ​​how the platform can work better and they will be incentivized accordingly.

For a proposal to be approved, a majority of the votes cast must be in favor. If there are more than two options, the one with the most votes wins.

OTC SPACE $ OTC Token

$ OTC Token is the native token of the OTCSpace Platform and here is a summary of some of its utilities:

To pay the fees charged in minutes

To cast votes and participate in the governance of the platform

To participate in the liquidity pool

To pay the fees charged on Token transfers

Allocation and distribution

Community rewards

Burned – 50%

Treasury – 5%

Circulating supply – 42% Development reserve – 3%

Total supply: 1,000,000,000

1% burn

1% holder rewards

Transparency Commitment

OTCSpace is committed to transparency.

As a result of this, we will release Monthly Cost Report Team Updates and New Hires Weekly Progress Report.

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OFFICIAL WEB

How and where to buy OTC Space (OTC) Token when it is on sale?

Next we are going to provide you with a simple tutorial so that you can easily buy OTC Space (OTC) Token .

Well then I leave you a tutorial on how to buy it, you can buy it through Pancakeswap or poocoin.app, we will do it from pancakeswap and in case you don’t know, we need to have a portfolio either from trustwallet or metamask, in this case I I use metamask.

Here you have a tutorial on how to create a portfolio in metamask:

Once we have our metamask portfolio created, what we have to do is copy our address as indicated with the arrow and put it with the Binance Smart Chain network.

FIRST STEP TO BUY OTC Space (OTC) Token

To buy OTC Space (OTC) Token we are going to need BNB, which is the currency of binance, since this token works through its network. so the first thing will be to register here to enter binance and be able to buy BNB.

Next we have to go buy crypto and we have to select BNB to buy it, in this case I do it with Euros and with a debit or credit card.

Once the bnb are bought, we go to our Binance wallet and we hit SPOT and we go down until we see BNB and we hit “Withdraw” or “Withdraw”.

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n on the next page that will come out, we have to paste our metamask address and put the BSC network and we would already have the BNB in ​​our metamask portfolio.

SECOND STEP TO BUY OTC Space (OTC) Token

first thing will be to go to pancake swap: Pancake

When we reach pancake swap we have to connect our metamask portfolio with the binance smart chain network and then put the OTC Space (OTC) Token at the bottom, although it should automatically exit, if not, paste the following contract in the Token part:

In the following image I show you:

Once the token is added, we simply have to put the amount of bnb that we want to exchange for MoonRadar Finance (MRF) Token and that’s it, it would be bought and in our metamask portfolio.

PRICE OTC Space (OTC) Token LIVE.

price of the token can be seen in the following link: Price

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