Introducing OTCX.
The OTC desk for pumpfun coins. Sell a large position straight to a buyer through escrow, settled in one transaction.
https://t.co/yzq6iwesg0
OTC on a memecoin only works if the buyer can't dump the discount straight back into the chart.
On OTCX a seller can require a buyer lock: the tokens stay in the program and release on a schedule. Every lock is public.
https://t.co/yzq6iwf05y $OTCX
Last 24 hours on https://t.co/63sZsAMNUn: sells of 1% of supply or more lost 23,662 SOL to price impact.
OTCX is the desk in between. Block trades escrowed on chain, settled in one transaction, 0% impact on the chart.
https://t.co/yzq6iwf05y
The front page runs the numbers live off every pool: what selling 5% of a coin would do to its chart on the pool, next to 0% on OTCX. Half of every fee the desk takes buys back $OTCX and burns it.
Introducing OTCX.
The OTC desk for pumpfun coins. Sell a large position straight to a buyer through escrow, settled in one transaction.
https://t.co/yzq6iwesg0
The tape. Every fill is public: coin, size, price and the premium or discount against the market price at settlement. If the seller is the dev or a wallet linked to the dev, the deal is flagged, so you know who you're taking size from.