OTC - YAY NETWORK
Over the Counter These are agreements that take place directly between two parties without the supervision of exchanges.Compared to traditional exchanges, they are decentralized and have no physical location.It is a platform where people who have not yet launched in the cryptocurrency market but have products at an early stage can sell without listing on the stock exchange. Miners who sell the cryptocurrencies they produce make up the majority of the OTC market. Buyers include hedge funds and institutional investors.
Anyone who wants to buy or sell large amounts of cryptocurrencies without strict regulations (and sometimes under much better conditions) resorts to OTC markets or instruments in this field.
OTC markets are used for highly confidential and large transactions.Sales or purchases made are not included in the order book.
A broker often acts as an intermediary in the transaction, connecting buyers and sellers based on their individual needs, including the amount and price of cryptocurrency being exchanged. Before entering into a deal, parties negotiate terms such as the price of the asset, the method of payment, and the duration. OTC deals are more private than exchange transactions because they are not entered into public order books. The broker provides a safe transaction and settlement procedure once terms are agreed upon. A number of techniques can be used for transaction reconciliation, including wire transfers, escrow services, and face-to-face meetings for large transactions.
OTC trading is popular among high-net-worth individuals and institutional investors because it can handle significant transactions without affecting market prices. Of course, the risk factor is also quite high.
A common practice of providing liquidity involves traders acting as market makers and offering to buy or sell assets at quoted prices. By providing liquidity, these traders hope to profit from price differences between the OTC and exchange markets through the bid-ask spread. Another tactic is arbitrage, which takes advantage of price differences between multiple OTC platforms and open exchanges. Arbitrageurs buy assets at a lower price on one platform and sell them at a higher price on another to take advantage of pricing inefficiencies. Additionally, some traders automate over-the-counter trading using algorithmic trading, facilitating rapid execution and risk management.
YAY NETWORK This strategy allows us to secure allocations in blue chip protocols before they are available on the open market. It’s a game-changer for our community, offering early access to some of the most anticipated tokens in the crypto world.
Users who acquire tokens through our OTC deals can trade them immediately on our OTC Marketplace. Thus users can trade their allocations even during vesting periods. This feature is a testament to our commitment to providing a seamless and dynamic trading experience.
Additionally, there will be a sale of yay network blue chip tokens. I recommend you follow the project.