Becoming an OTC broker
In this article:
Imagine that you own a large number of altcoins of different capitalization. How, in this case, to make transactions without losing on slippage and price dynamics?
Method 1️⃣
- Register a dozen accounts on different exchanges
- Complete KYC on 5 -7 of them
- Assess the market depth and place limit orders on each of the exchanges
- Sell a small amount of assets every day
Convenient? Well, not so much. The price dynamics of an asset changes from day to day. This way you directly form the average selling price. However, it may differ from the one for which you initially wanted to make a deal. Depending on the volume, it can take days or weeks for this operation.
In the case of mid-cap altcoins such as Dodo, 1inch, UNI, the amount may be affected by a $ 30- $ 50K deal.
In the case of mid-cap altcoins such as pear, gala, the price may be affected by a $ 20 — $ 30 thousand deal.
And there is a solution for that.
Method 2️⃣
The OTC market has its own entry threshold. Concluding large deals of more than $ 250k is wiser through an OTC broker.
The broker is an extremely experienced cryptocurrency player who helps clients to complete large transactions. He acts as a guarantor in transactions and helps to find a seller or buyer for the required asset. And all thanks to a thick notebook, reputation and rich history of transactions.
Working through an OTC broker reduces the likelihood of falling for fraudulent schemes. This is especially valuable for investing funds. After all, they are bound with obligations, and safety for them is the main advantage.
There are OTC departments at such large exchanges as Coinbase, Binance, Kraken. This kind of specialists work there. The entry threshold is quite high — without experience and an impeccable reputation in the market, it will not work to become an OTC broker. It was like that before.
💣 But thanks to dOTC Marsbase, everyone can earn on broker fees from large trades.
No investment is required to participate in the program.
You will be able to share your referral link to a specific deal, and if this deal (or part of it) is closed by those who followed your link.
These are special unique deep links to specific offers so that OTC deals get coverage much faster. Those who distribute these links will make good money on them through revenue sharing.
- You will earn a fee.
- The more mBase tokens you have, the more your agency fees from every transactions you will get.
- The native OTC token of the Marsbase platform — MBASE, as well as utilitarian staking and farming will make your OTC trading experience as profitable as possible. You will be able to receive cashback from your transactions and instantly calculate the profit from Marsbase comparing to potential losses on CEX or DEX exchanges.
- The utilitarian NFTs of the Marsbase project will give an additional edge in the speed of getting better deals, financial bonuses (more liquidity, discounts, bonuses for holders, etc.), as well as access to closed communities of large traders/holders on the DeFi OTC platform and in the P2E game.
And finally, you can try yourself as a Marsbase ambassador. Attracting new users will allow you to earn extra bonuses and daily rewards from the Ambassador Fund. The fund will be formed from the money spent by your referrals on the platform. That is, as an ambassador, you will regularly receive a share of all the commissions collected from the expenses of the people you brought to Marsbase.
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