▪️The OTCBOT Platform

As detailed in the introductory chapter of this whitepaper, over-the-counter trading is a unique, advantageous, yet relatively new tool used by DeFi traders to maximize profits. While the advantages are clear, there is a clear lack of available options to engage in OTC trading. With the rise of popular platforms such as Marsbase and OTSEA, the team behind OTCBOT aims to offer the most easy-to-use OTC trading tool for investors and bring OTC Cryptocurrency to the mainstream DeFi investor, who is still very often unaware of the fact this possibility exist. Combining the clear benefits OTC trading offers, with an easy-to-use tool anyone can utilize, OTCBOT aims to become the go-to solution for over-the-counter trading. OTCBot is the first OTC Cryptocurrency trading platform that operates fully on Telegram. Using our bot, users can 'create' and accept 'listings', which are essentially offers of investors to sell tokens in a certain token peer-to-peer. Users can import an existing wallet into the bot, fund it with ETH and accept or list offers for OTC trades. The next chapter of this whitepaper provides a detailed step-by-step process on how to create and accept listings using our Telegram bot. If anything is unclear, please contact a member of the team to receive technical support. To create and accept listings, users of the OTCBot pay a small and competitive 0.5% transaction fee, which counts as 'revenue' of the OTCBOT ecosystem. All collected revenue will be allocated to holders through a revenue sharing model with periodic payouts in proportion to $OTCBOT holdings. More information around our cost structure is detailed in the last paragraph of the 'How to Use the Bot' chapter of this whitepaper. While options in OTC cryptocurrency trading are scarce, OTCBot is not the first OTC trading platform focused on cryptocurrencies. The next paragraph of this chapter details how we aim to differentiate from players like Marsbase and OTSEA.