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Friendly announcement for you traders here:As a temporary solution, an
OTC Bot has been set up to enable
trading in the official
IOTA slack.
Since
@yassinnxt provided an excellent service as
escrow in the past, he will act as an intermediary,
before IOTA hits exchanges. Additional advice:
@yassinnxt is the only escrow. Don't send your funds to different persons and be sure to interact with
@yassinnxt only as impersonators occasionally tried to scam some people in the past.
The OTC-bot service assisted by Yassin works as follows:1. You send BTC or iotas to an address provided by Yassin (via private message)
2. Yassin executes a command to deposit the accordant amount to your balance tracked by the bot
3. You buy/sell iotas (this can happen as many times as you need)
4. You send Yassin an address to withdraw the earned BTC/iotas
5. Yassin adjusts your balance and sends real tokens to your address
6. Trades are taxed with 0% fee.
7. Deposits/withdrawals are charged with
1% fee (rounded up).
8. Min amount of a deposit/withdrawal is
10'000 microBTC/2 Gi.
9. To get instructions on how to trade iotas once you get your tokens on the balance type "HELP" on #trading channel.
10. As a precaution, you are advised to provide Yassin with an extra BTC and IOTA-address to be able to receive your funds once you left slack for different reasons, such as a ban or technical issues.
11. For each IOTA deposit, a new address must be generated. This is necessary to show the right balances for each entry listed by the bot.
12. For better usability, Gi and microBTC for fees are always rounded. (1Gi for 2GI-100Gi, 2Gi from >100Gi-200Gi and so on)
The service was tested with test tokens, but it is still possible that an undiscovered bug may lead to a loss of all your BTC/iotas, so we suggest to trade small amounts per session.Example-trade:-Alice contacts @yassinnxt and says "I want to deposit 50 BTC"
-She sends 50 BTC to an address provided by Yassin
- Once 50 BTC are confirmed, Yassin types "GIVE 49.5 BTC TO @Alice (1% fee included)
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-Alice contacts Yassin and says "I want to withdraw 200 gigaiotas (Gi)"
-Yassin executes "TAKE 200 Gi FROM @Alice"
-Yassin sends 198 Gi to Alice (1% fee included)
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-Alice contacts Yassin and says "I want to deposit 200 Gi"
-She sends Yassin 200 Gi
-Once 200 Gi are confirmed he types "GIVE 198 gigaiotas TO @Alice" (1% fee included)
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-Alice contacts Yassin and says "I want to withdraw 50 BTC"
-Yassin types "TAKE 50 BTC FROM @Alice"
-Yassin sends 49.5 BTC to her (1% fee included)
Happy trading! 
