The LighterOTC team has taken over the rights to this channel, much thanks to the previous owner!
Welcome to ExtendedOTC!
~@Rijk0X
Welcome to ExtendedOTC!
~@Rijk0X
🚨 - How It Works (ExtendedOTC)
1. Collateral Setup
- No one sends collateral until a trade is matched by a buyer or seller.
- Once given the green light by ExtendedOTC, both the buyer and seller deposit collateral into the Multi Sig - this locks in the trade.
2. Workflow
- PM @Rijk0x with your bid/ask, amount of points and $ value.
- You will then need to deposit a 1.5% fee for your order to be made public.
- ExtendedOTC posts your order into the public orderbook.
- When your order gets filled by a buyer or seller
• ExtendedOTC will inform you.
• Both parties deposit collateral into the Multi Sig.
3. TGE and Settlement
- On TGE, seller sends the tokens to the buyer.
- Once confirmed, ExtendedOTC will send the seller's collateral plus the buyer's collateral to the seller.
- If the seller fails to commit to the deal, the buyer will receive the seller's collateral.
4. Identity Option(s)
- Parties can remain fully anon or doxxed - your choice.
5. Collateral, asset and network
- Both the buyer and seller deposit 100% collateral and a 1.5% fee, collateral is taken in USDC on the ARBitrum network.
- The fee is also taken in USDC on ARB.
-Both fees and collateral must be sent to the multisig below on arbitrum:
https://arbiscan.io/address/0x2d35d517e73662029c0885Ac91F54967f7B03a95
If you have any leftover questions regarding the process, please do not hesitate to PM @Rijk0x.
1. Collateral Setup
- No one sends collateral until a trade is matched by a buyer or seller.
- Once given the green light by ExtendedOTC, both the buyer and seller deposit collateral into the Multi Sig - this locks in the trade.
2. Workflow
- PM @Rijk0x with your bid/ask, amount of points and $ value.
- You will then need to deposit a 1.5% fee for your order to be made public.
- ExtendedOTC posts your order into the public orderbook.
- When your order gets filled by a buyer or seller
• ExtendedOTC will inform you.
• Both parties deposit collateral into the Multi Sig.
3. TGE and Settlement
- On TGE, seller sends the tokens to the buyer.
- Once confirmed, ExtendedOTC will send the seller's collateral plus the buyer's collateral to the seller.
- If the seller fails to commit to the deal, the buyer will receive the seller's collateral.
4. Identity Option(s)
- Parties can remain fully anon or doxxed - your choice.
5. Collateral, asset and network
- Both the buyer and seller deposit 100% collateral and a 1.5% fee, collateral is taken in USDC on the ARBitrum network.
- The fee is also taken in USDC on ARB.
-Both fees and collateral must be sent to the multisig below on arbitrum:
https://arbiscan.io/address/0x2d35d517e73662029c0885Ac91F54967f7B03a95
If you have any leftover questions regarding the process, please do not hesitate to PM @Rijk0x.
Below you can view the live ExtendedOTC points orderbook
Points Notional Price
1.5k $15.0k $10.0
1.5k $13.5k $9.0
1.5k $12.0k $8.0
1.5k $10.5k $7.0
1.5k $9.0k $6.0
1.9k $9.5k $5.0
3.0k $14.7k $4.9
5.0k $20k $4.0
2.0k $5.8k $2.9
9.0k $24.3k $2.7
5.25k $10.0k $1.9
5.0k $8.25k $1.65
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# Bids
Points Notional Price
2.0k $4.0k $2.0
45.5k $50.0k $1.10
10.0k $10.5k $1.05
3.0k $3.0k $1.0
10.0k $3.0k $0.3
10.0k $5.0k $0.5
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Best bid: $50k @$1.1
Best ask: $10k @$1.9
*Filled 33.5k points at $2.05 per point totalling $68.675k
For inquiries PM @Rijk0X
Best ask: $10k @$1.9
*Filled 33.5k points at $2.05 per point totalling $68.675k
For inquiries PM @Rijk0X