OTC
Last updated
Last updated
OTC (Over-the-counter) trading provides a direct transaction system between buyers and sellers without going through a centralized exchange. It enables users who hold tokens and NFTs to securely trade their data assets using an Escrow contract.
The user who wants to initiate an OTC trade creates a Room in the Escrow Contract, setting the type and quantity of tokens they want to trade.
The other party who is interested in the OTC trade deposits the tokens they want to trade into the Escrow Contract.
Both users can check the deposit details in the Escrow Contract.
If the Escrow contract is approved, the deposited tokens are distributed to the two users according to the Escrow contract and the transaction ends.
Coin to Coin Escrow Fee: 2%