OTC Offerings
Over The Counter (OTC), refers to the process of how cryptocurrencies are traded via a broker, such as the NodeGrid team, rather than through an exchange.
We’ve implemented an OTC option that is accessible by submitting a ticket through the 'service section' in our Discord server. We provide this option as a service to our Whale Community that chooses to act responsibly and ethically while participating in DeFi.
To encourage ethical activity and as a Thank-You for utilizing the OTC option, the Sell Tax will always be lower than the market Sell Tax when going through our team. The OTC tax/fee does vary based on the size of the order and market conditions. A minimum threshold of $10,000 USD is required when entering or exiting NodeGrid using our OTC method.
We provide two types of OTC options:
Method 1: OTC Swap
- 1.We will match you with an individual looking to execute an equal and opposite order.
- 2.NodeGrid chauffeurs the OTC trade via the Team Wallet for both parties. This is public information available to be viewed at any time on the block explorer.
- 3.Both parties (buyer and seller) will send the agreed upon fee/tax and corresponding order to the Team Wallet, and after confirmation from both parties, the curating team member will distribute the respective funds to each participant.
Note: We do not charge a fee for Method 1.
Method 2: Team Swap
- 1.We, the team, will assist with an Entry or Exit via our Team Wallets.
Last modified 10mo ago