🤝OTC Sales
This section describes how you can purchase or sell OTC investment positions prior to TGE.
Our OTC Marketplace allows basedVC investors to buy/sell allocations prior to TGE in a secure manner.
You can make and take offers on different blockchains to reduce the GAS fees. Read Multichain for more information.
The rules of our OTC Marketplace:
There are two types of orders: BUY and SELL.
The Buyer pays a $30 fee to consummate a transaction (in addition to the cost of gas to confirm the transaction and in addition to the cost of buying the allocation).
The Seller is responsible for paying the gas fee to list/take the OTC offer.
Buyers can present as many offers as they like as long as they have sufficient liquidity to support all of the offers (it does lock up your capital in the contract when you make an offer).
Sellers can withdraw offers at any point without penalty (other than gas fees).
If you have an active offer open as a seller, you cannot transfer that allocation to another wallet. The OTC marketplace is accessible on the bar to the left. By clicking the OTC button, you will be taken to a new OTC marketplace dashboard.
BUY offer
To create a BUY offer, simply enter the base cost of the offer you want to make multiplied by the multiplier to arrive at the total price you are willing to offer a base position of your project of choice.
SELL offer
To create a SELL offer, toggle the "BUY/SELL" button to "SELL" and then repeat the steps above to make an offer.
Take offer
Taking a SELL offer means that you are purchasing someone's allocation. Clicking BUY means you are accepting someone's BUY offer, taking their stablecoins in exchange for your allocation. Any accepted OTC offers are NON-REFUNDABLE and NON-REVERSABLE.
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