Over The Counter

A Peer-to-Peer Token Exchange for Arbitrum and Sanko Chain

Executive Summary

Over The Counter (OTC) is a cutting-edge peer-to-peer (P2P) token exchange that facilitates trustless, direct swaps between any tokens on the Arbitrum and Sanko Chain networks. This innovative platform addresses the common issue of slippage caused by insufficient liquidity in high-volume decentralized exchange (DEX) trades. OTC eliminates slippage altogether through its over-the-counter (OTC) trading model, allowing users to confidently exchange large amounts of tokens without the fear of losing value in volatile markets.

Additionally, OTC empowers users to create P2P bridge listings, enabling seamless token transfers between Arbitrum and Sanko Chain. This unique feature positions OTC as the first P2P token exchange of its kind on these chains, making it a pioneer in decentralized finance (DeFi) innovation.

Key Features

1. Trustless Peer-to-Peer Swaps: OTC allows users to directly trade tokens within the same network (Arbitrum or Sanko Chain) or across networks without relying on intermediaries. Users can exchange tokens in a decentralized and permissionless manner, creating a new standard for liquidity and asset swapping in the DeFi space. This flexibility enhances liquidity across both ecosystems, making it easier for users to move assets freely and efficiently.

2. No Slippage for High-Volume Trades: Traditional decentralized exchanges often suffer from slippage in large trades due to insufficient liquidity. OTC solves this by utilizing a P2P model, where trades are conducted directly between peers, ensuring that high-volume trades are executed without any price impact. This is particularly advantageous for institutional investors and traders dealing in large token quantities.

3. P2P Bridge Listings Between Arbitrum and Sanko Chain: Users can create personalized bridge listings that enable cross-chain token swaps between Arbitrum and Sanko Chain. This feature empowers traders to expand their token portfolio across multiple blockchain ecosystems with ease, creating more opportunities for arbitrage, liquidity provision, and token transfers.

4. Smart Contract Transparency and Security: The smart contracts integrated into OTC have undergone extensive audits to ensure their security and reliability. All contract codes are publicly available and can be reviewed at the following links:

   • Arbitrum: View Contract

   • Sanko Chain: View Contract

   The transparency of these contracts ensures user confidence, protecting traders from potential vulnerabilities or malicious activity.

5. Transaction Fee and Token Buybacks: OTC charges a minimal 0.4% transaction fee on all completed swaps. This fee is utilized for monthly buybacks of the platform's native $SP token, and the proceeds are distributed to token holders as revenue. This model incentivizes long-term participation in the OTC ecosystem while providing additional value to $SP token holders.

6. Future Expansion: OTC plans to expand its services beyond Arbitrum and Sanko Chain. The platform has set its sights on integrating with additional blockchain networks, including Ethereum Mainet , Base and Solana, further enhancing its cross-chain capabilities and increasing the liquidity options for its users.

User Experience: Nostalgic and Intuitive

The OTC platform has been designed with a unique user interface inspired by the classic Windows 95 Minesweeper application. This nostalgic yet functional interface aims to provide users with a simple and engaging experience, combining familiarity with the high-tech capabilities of modern DeFi applications.

Conclusion

Over The Counter (OTC) stands at the forefront of decentralized, trustless token exchanges, enabling secure, slippage-free P2P trades within the Arbitrum and Sanko Chain networks, as well as across them. With its groundbreaking approach to liquidity, user-friendly design, and plans for future cross-chain expansion, OTC is poised to become a critical infrastructure piece in the DeFi ecosystem. As the first platform to offer this level of P2P functionality, OTC will continue to innovate, offering both retail and institutional traders an unparalleled experience in decentralized finance.

For more details, explore the OTC platform today and experience the next evolution in token trading.