The crypto-market has been booming for the last year and numerous exchanges have been created following the new trend. Almost all of them, however, have one main purpose – to make as much profit as possible. Tokens are getting listed just because their creators can afford the costly procedures and fees, and users are left speculating on the prices of assets with no real adoption. This only leads to a menacing bubble within the crypto-economy. In order for this disaster to be prevented or to reduce the risks of it of this, a team of people who believe in the future of blockchain has decided to concentrate only on those projects with actual value.
The trading platform Otcrit is working on, can be defined as the next step when it comes to cryptocurrency exchanges. It will be interconnected with another product – the Otcrit platform, where their experts and community members will be constantly producing valuable information and reports about blockchain projects. People from all over the world will be able to publish analyses and reports on crypto-companies in various categories – team & founders, competition, industry, code evaluation, etc. Users on the Platform will be able to hire these specialists or community authors and pay them in OTC tokens to write private reports.
Otcrit’s database will help traders make better decisions and always stay informed. Considering how upcoming forks, updates, and milestones have a huge impact on the assets’ prices, the team will be updating them at all times. Based on numerous factors which go beyond market cap size, they will introduce the world to their own OT-100 Index, featuring the most well-perceived crypto-assets. These will also be enabled for over-the-counter trading on the exchange, making it easier and more accessible for the public to buy and sell large quantities of tokens without meddling with their prices.
What they have defined as even more crucial though is the adoption of crypto in real life. The exchange will be listing only projects with solid teams and business plans, the assets of which you can utilize to pay for actual services and products. Being listed on the Otcritex will not cost anything, while most of the rest in this sphere ask for hundreds of thousand dollars. This way many promising ICOs will be able to take advantage of the chance to get greater exposure. Companies’ assets that have been accepted on Otcritex will be tracked and if these projects are not living up to the promises that they make, they will be penalized. Those ventures that follow their roadmap and are completely transparent to their followers will be rewarded with a percentage of Otcrit’s profit, made from the trading of their token. However, the asset creators will not be the only ones to benefit from this business model.
Holders of Otcrit’s native token, OTC, will be awarded on a weekly basis with 10% of the company’s earnings. The rewards will be distributed in ETH.
According to the ambitious team, there will be no compromise when it comes to UI and UX. Most exchanges neglect their interface and fail to improve their user experience. Since this project is entirely community-centric, it will be improving constantly, based on the users’ feedback. Having responsive customer managers will also be a priority, considering how many traders have gone through the headache of needing weeks till an issue of theirs is resolved.
The founders’ main concern is having the distributed ledger technologies penetrate everyone’s daily lives instead of merely participating in any price speculations. It’s time to go back to the roots of the idea behind the blockchain – to increase the trust among peers, to eliminate third parties and the expenses coming from them and to give more liberty to the people. Only through pushing forward the mass adoption can a lasting crypto-economy be built. Otcrit will be dedicated to finding the diamonds in the rough and to making sure they get as much exposure as possible.
If you want to be a part of this positive change, then you can read more about on their website, check the Alpha version of the Otcrit platform and you can also join the exclusive token pre-sale which will last till the 15th of March.