Magenta Over-The-Counter Market |Blockchain based | Powered by NEM

[MagentaOTC]

Public announcement

Magenta Over-The-Counter Market

Magenta:otc a decentralized market, without a central physical location, where market participants trade with one another through the nem blockchain.

Opening date: December 27 2018  09:00 CET (UTC+1 hour)

Nem Explorer link: http://explorer.nemchina.com/#/mosaic?m=otc&ns=magenta

AMA Session starts after this announcement is published.

[MagentaOTC]

Magenta:OTC Logo

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The Magenta:OTC Logo has been uploaded to OpenApostille.net

https://www.openapostille.net/detail/02c05ee01022a1d0afa9155d353b05bff259602faed33bc99edae44e9739d1ff

[MagentaOTC]

How to trade in the Magenta Over-The-Counter Market

To trade in Magenta:OTC you need to own first a Magenta:OTC token, the token is going to be your identity in the market, there is limited amount of non-divisible Magenta:OTC tokens (100.000), meaning only one token per account. This helps to see real stats, because many exchanges fake the amount of trades.

For every trade you pay only the network fees: what nem charges for a transaction.

We encourage You to trade with other people that also own a Magenta:OTC token With a multi signature wallet (provided by nem) for a greater security and once you accomplish 100 successful trades contracts you can apply to receive a trust seal token to your account, that will help you to find better trading partners.

What is a trading contract?

Is a small contract where the parties write the terms in a simple way.
Every contract must receive an apostille certificate provided by nem to prove the contract validity. This process helps to achieve higher levels of trust and seriousness also both parties can have a private register of their transactions.
The small contract with nem apostille, opens the door for mediation thru a scrow service provider and many other opportunities of trading for example call or put option contracts.