Otsea: Peer to peer ERC20 token trading, simplified.
OTSea protects defi traders from excessive market volatility while offering a simplified peer-to-peer trading experience.
Chris.P
OTSea is an OTC (Over the counter) trading platform that allows users to swap ERC20 tokens with one another without using a centralized exchange.
What is OTSea?
OTSea offers unique first-to-market features like crowdfunding an ERC20 bag to multiple order fillers. The OTC market is still very untapped and OTSea is one of the first movers.
OTSea provides a safeguard for defi traders against excessive market volatility, all while delivering a streamlined and user-friendly peer-to-peer trading experience.
- Trade any ERC20 Token on Ethereum: You can always trade any token on OTSea regardless of liquidity conditions.
- Maximize returns: Avoid losses incurred by trading into low liquidity pools by bypassing liquidity pools altogether.
- Sell tokens quietly, privately: Exit your position quietly by selling to a trusted buyer, or crowdfund your bag by selling to many smaller holders at once.
- OTSea Mini-Markets: Embed a Mini-Market OTC exchange directly on your token or project page! Your mini-market is custom-tailored to your project, showing only orders for your token.
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Earn passive income: $OTSEA holders enjoy 75% of platform revenue distributed as dividends. They can easily claim their token here.
How to get OTSea token?
OTSEA ERC20 token was launched on Sept 16, 2023, and is mainly used for reducing fees on the OTSEA platform and a share of dividend distribution.
You can buy OTSea token on Uniswap here
How to use OTSEA?
Simple go to OTSEA website where you will have the choice of:
- Create an OTC order to buy or sell any ERC20 token.
To create an order on the platform, follow these steps:
1) Go to https://otsea.xyz
2) Choose a token for the order.
3) Specify the number of tokens for the order.
4) Indicate the amount of ETH you wish to trade the tokens for.
5) Enable/disable the "Partially Fillable" option:
- When enabled, the order can be filled in multiple transactions by multiple users.
- When disabled, the order can only be filled in one transaction, and it must be fully filled.
6) Enable/disable the "Whitelist" option:
- When enabled, select an address to limit the order to. Only that address can fill the order.
- When disabled, anyone can fill the order.
Click "Generate Order" to submit the order request. The link to the order will be provided, or you can find it in the "Browse" section. Share the order link with potential buyers to facilitate order fulfillment.
You can settle the order at any time. Settling the order will return unfulfilled tokens to you and allow you to claim any ETH from fulfilled tokens. Here is a video on how to create an order on OTSEA:
- Browse already existing orders by fulfilling active ones.
To complete an order, you have two options:
1) Browse for an order on the /browse page or use a shared link to navigate directly to it.
2) Enter the desired token amount and click the "Pay ETH" button to fill the order with the corresponding ETH amount.
3) Once done, confirm the receipt of your new tokens.
Here is the video explaining how to fulfill an order on OTSEA:
How to create your own OTSEA mini-market?
OTSea Mini-Markets brings the power of OTC trading right to your doorstep! By adding a Mini-Market, you can instantly create an OTC marketplace for your project, directly on your website, using your token, and for your community.
The benefits of having a mini-market are clear. It provides a platform for large token holders to sell their tokens without causing a negative impact on the chart. Additionally, it allows them to offer discounts while avoiding slippage fees.
An extra feature allows you to block the MEV bots! this is a beneficial option!
A button to switch to Flashbots RPC is available conveniently on the UI which will take care of this for you.
OTSEA official X page: https://twitter.com/otseaERC20
