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Author Topic: [ANN] – ALTCOINS OTC (over the counter) TRADING DESK  (Read 206 times)
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B!gSmoke
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September 14, 2018, 08:44:23 PM
Last edit: September 14, 2018, 09:59:38 PM by B!gSmoke
Merited by kryptopojken (49)
 #1

Ladies, Gentleman, BTC Maximalists, Altcoin Maximalists, Shitcoiners and everyone else, we are happy to announce your new favourite “Altcoin OTC Trading Desk” is now going live and trading will start - Sunday afternoon 3:30 p.m. (UTC)!!!!!!

We, B1gSmoke and DS831228 have created an Altcoin over-the-counter trading desk which primarily focuses on providing the escrow service for trading Altcoins that have been distributed after the ICO but haven’t found their way onto major exchanges like Biannce, Coinbase, Poloniex or any other yet.

How is that going to work?
You can join either one of our Channels on Telegram or Discord (coming soon).
Then you can post which coin you want to trade (see the correct form below) and wait until your counterpart send you a personal message. Afterwards, you contact one of our Admins (list of Admins can be found here) and the Admin will then guide you through the rest of the escrow process.
Attention! – Right now, we are only using BTC; ETH and NEO as tokens of exchange however we are exploring more options to onboard a bright set of network tokens to give you the best escrow experience possible. - Storing escrow funds safe is our top priority.

Correct form to post in case you want to use our service!

If you want to sell something, please only post like this
WTS (want to sell)
Random Altcoin (Altcoin handle) – for ETH or BTC (Please choose either one)
X amount of that altcoin for X amount ETH or BTC – Exchange rate (Altcoiin/ETH, BTC)

For Example:
WTS
Sentinel (SENT) – for ETH.
320,000 SENT for 4 ETH – 80,000 SENT/ETH


If you want to buy something, please only post like this
WTB (want to buy)
Random Altcoin (Altcoin handle) – with ETH or BTC
X Amount of Random Altcoin for X BTC or ETH – Exchange rate (Altcoin/ETH, BTC)

For Example:
WTB
Sentinel (SENT) - with ETH
320,000 SENT for 4 ETH – 80,000 SENT/ETH

The escrow fee of 2.5% will typically be deducted from the money held in escrow. However, should both parties come to a different agreement regarding the "escrow fee", please notify the admin at the beginning of the conversation.

Every successful trade will get posted onto our Twitter Channel as well as onto our Announcement Channel on Telegram!

And don't forget to check our Website.

Disclaimer: Please make 100% sure that you only use the address we provide you. You can also find all eligible admin escrow addresses in the guidelines of our channel info and our webpage (insert link here. If you still ain’t sure if you use the right address, please don’t hesitate to ask one of our Admins to send you the address per personal message.

WE CAN'T REFUND ANYBODY THAT USES A WRONG ADDRESS!

See you soon in our Telegram Channel!
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September 14, 2018, 08:54:06 PM
 #2

#first in an epic thread
lionmic
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September 14, 2018, 09:07:51 PM
 #3

can't wait to start doing some nice OTC trading
B!gSmoke
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September 14, 2018, 09:22:02 PM
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5o5kY
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September 15, 2018, 12:06:01 AM
 #5

because that's what this market needs...OTCs...

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September 15, 2018, 11:16:29 AM
 #6

Nice, more of these means more competition and better services in crypto Grin.
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September 15, 2018, 11:17:14 AM
 #7

because that's what this market needs...OTCs...

Some people can't be arsed to do KYC (or don't want to), and OTCs are very good solution for this.
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September 15, 2018, 11:30:26 AM
 #8

Yes, that's a good idea for new users and members in trading some altcoins which they are not listed on the official exchanges .
However it will need to be proved that all transactions are safe and transparent for all users .

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B!gSmoke
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September 15, 2018, 02:26:24 PM
 #9

Yes, that's a good idea for new users and members in trading some altcoins which they are not listed on the official exchanges .
However it will need to be proved that all transactions are safe and transparent for all users .

Well, usually that's the attributes of a blockchain! So, shouldn't be to hard to prove!
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September 15, 2018, 09:16:40 PM
 #10

I suppose your O should be move to the right section (Market place).

You need to build that trust first.
It's a good idea to have an OTC for Alts too, good luck with your sales.
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September 15, 2018, 10:32:06 PM
 #11

The fact that you did not find access to the largest exchanges is not pleasant, but not fatal. Give investors more information. Give the white paper, show the team, show the road map.

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September 15, 2018, 11:54:34 PM
 #12

Look forward to this!
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September 17, 2018, 04:09:19 PM
 #13

The fact that you did not find access to the largest exchanges is not pleasant, but not fatal. Give investors more information. Give the white paper, show the team, show the road map.

While im under the impression that your post is a copy/paste i will adress it as others might be intrested to know more about us:

Right now we see Altcoinsers OTC as a service for the commuinity. We are not intrested in paid promotions or capital at this time.
We want to do things by the book and as we see increasing demand we will look for worthwile partnerships and capital backing.

Best,
Dan
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September 17, 2018, 04:10:40 PM
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How do these traders trust you and your escrow accounts?
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September 17, 2018, 05:30:06 PM
 #15

Have you already successfully managed (escrowed) an OTC transaction already?
I assume 2,5% escrow fee is fee that will be paid to you?

Why should we trust you? You have any argument, proof that we can trust you?

Has NEX/NEO pair already been provided? Any transaction already done with this pair?


Sorry, for so many questions. The idea is interesting, however there will still need to be some answers from my prospective.

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