What does OTC trading account mean (What is OTC trading)?

What does OTC trading account mean? According to the monitoring data of RatingToken, a third-party big data rating agency, on January 11, 2018, a total of 8 new contract addresses based on blockchain assets were added globally. Among them, there are 9 letters and 2 digital currencies (including ETH), with transaction amounts of 388 million yuan, 468 million yuan, and 666 million yuan respectively. In addition, the 5 letters related to Bitcoin are all Ethereum ERC20 tokens, including the native cryptocurrency oBTC of Bitcoin.

Based on the latest statistics from RatingToken, more than 10 companies have completed their own OTC trades through exchanges since January 2018. According to the RatingToken team, “there are already many exchanges that carry out OTC transfers in the market.” This means that if users want to send transaction information or want to buy or sell goods and services, they can apply to these exchanges, and then they can record these transactions on the corresponding platforms for processing. Therefore, we believe that because many exchanges do not directly review the trading parties, OTC trading account is a good explanation.

What is OTC trading

Overview: OOT (Bettor’s Rights) is built on the Ethereum blockchain, with its core value in achieving decentralization, permissionless, and no third-party intervention.

OTC is a digital asset issued based on the Proof of Work (PoW) consensus algorithm, which generates and maintains all transaction records in the network through mining. Networks running under the PoS mechanism can support various types of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and other mainstream public chains.

As a new payment method, the “lending as a service” model can provide investors with a low-threshold and secure usage environment, and also allow the general public to have faster access to financial benefits, thereby improving the efficiency and security of capital utilization.

For friends who want to invest in the blockchain industry, the most concerned issue at present is how to sell the tokens in their wallets to other platforms or individuals. So why do such a thing? The answer lies here: because of the “lending as a service” model. Users use different smart contracts to perform various operations, including transfers, deposits, withdrawals, and receipts. “Deposit or withdraw” requires a certain amount of deposit/withdrawal and setting of account balance. If you don’t have enough money to do this action, you can only choose to buy directly. But if you don’t want to take risks, you can’t do that.

In addition, in order to reduce the cost for users to participate in DeFi projects, many exchanges have also started to launch similar OTC businesses. For example, OKEx has launched an OTC business, allowing users to purchase OTC products with fiat currencies such as BTC, ETH, BCH, EOS, USDT, etc. However, because traditional exchanges have a large number of OTC markets, which cannot meet the demand and restrict the liquidity of OTC products. Therefore, some veteran platforms have even announced the launch of new trading tools.

What does OTC look like? How is it generated? Simply put, it is to create a common token from a specific application program. When we use a token to purchase a certain product, it will automatically generate an identified image, and then the code displayed by the image corresponds to the tokenomics, which contains the corresponding ERC-20 Token. That is to say, as long as you have money to buy these tokens, it will become oatcoin (OTC) on OKEx. Once someone buys OTC and wants to sell its token, they can exchange it for the original thing or cash it out.

First, you can convert your position into euros as mentioned earlier and then join this protocol. In this case, you can increase your position by doubling it to about 100 million. Then, you can earn more FT rewards by staking the DOT in your hands. Of course, some people may take it out to deduct fees and then use it to exchange for other tokens, which can avoid being targeted by scammers. Finally, you will find that enterprises like Huoxing Cloud and Aliyun have a very obvious feature, which is to accept otvault, a platform that is very suitable for novice users.

However, it should be noted here that…