🚨 - How It Works (VariationalOTC)
1. Collateral Setup
- No one sends collateral until a trade is matched by a buyer or seller.
- Once given the green light by VariationalOTC, both the buyer and seller deposit collateral into the Multi Sig - this locks in the trade.
2. Workflow
- PM @Rijk0x with your bid/ask, amount of points and $ value.
- You will then need to deposit a 1.5% fee for your order to be made public.
- VariationalOTC posts your order into the public orderbook.
- When your order gets filled by a buyer or seller
• VariationalOTC will inform you.
• Both parties deposit collateral into the Multi Sig.
3. TGE and Settlement
- On TGE, seller sends the tokens to the buyer.
- Once confirmed, VariationalOTC will send the seller's collateral plus the buyer's collateral to the seller.
- If the seller fails to commit to the deal, the buyer will receive the seller's collateral.
4. Identity Option(s)
- Parties can remain fully anon or doxxed - your choice.
5. Collateral, asset and network
- Both the buyer and seller deposit 100% collateral and a 1.5% fee, collateral is taken in USDC on the ARBitrum network.
- The fee is also taken in USDC on ARB.
-Both fees and collateral must be sent to the multisig below on arbitrum:
https://arbiscan.io/address/0xE193529Be52185B7eEDC4C4212746FB625B01c13
If you have any leftover questions regarding the process, please do not hesitate to PM @Rijk0x.
1. Collateral Setup
- No one sends collateral until a trade is matched by a buyer or seller.
- Once given the green light by VariationalOTC, both the buyer and seller deposit collateral into the Multi Sig - this locks in the trade.
2. Workflow
- PM @Rijk0x with your bid/ask, amount of points and $ value.
- You will then need to deposit a 1.5% fee for your order to be made public.
- VariationalOTC posts your order into the public orderbook.
- When your order gets filled by a buyer or seller
• VariationalOTC will inform you.
• Both parties deposit collateral into the Multi Sig.
3. TGE and Settlement
- On TGE, seller sends the tokens to the buyer.
- Once confirmed, VariationalOTC will send the seller's collateral plus the buyer's collateral to the seller.
- If the seller fails to commit to the deal, the buyer will receive the seller's collateral.
4. Identity Option(s)
- Parties can remain fully anon or doxxed - your choice.
5. Collateral, asset and network
- Both the buyer and seller deposit 100% collateral and a 1.5% fee, collateral is taken in USDC on the ARBitrum network.
- The fee is also taken in USDC on ARB.
-Both fees and collateral must be sent to the multisig below on arbitrum:
https://arbiscan.io/address/0xE193529Be52185B7eEDC4C4212746FB625B01c13
If you have any leftover questions regarding the process, please do not hesitate to PM @Rijk0x.
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VariationalOTC by POTC pinned «🚨 - How It Works (VariationalOTC) 1. Collateral Setup - No one sends collateral until a trade is matched by a buyer or seller. - Once given the green light by VariationalOTC, both the buyer and seller deposit collateral into the Multi Sig - this locks in…»
Below you can view the Variational points orderbook!
# Asks
Points Notional Price
10k $2.0M $200
500 $45.0k $90
1.0k $30.0k $30
13.33k $120k $9
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# Bids
Points Notional Price
20.0k $100.0k $5.0
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👍14👀8👎3
Below you can view the Variational historical transactions:
Points Notional Price Date
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💩31👀13❤7😭4😁3💔2