Crypt(OTC) AMA Transcript

“Access favourable OTC deals in early stage #crypto. For HNWI’s & Size Lords. “

Andrew (BSC.News)

Hello everyone and welcome to the AMA with Crypt(OTC) ! 

Today we have the CEO of Crypt(OTC) @wjam1 joining us to talk about their new platform!

Great to have you here 🙂

W J 

Hi guys great to be here 🙂

Andrew (BSC.News)

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway. Sound good with you?

W J

Yep great!

Andrew (BSC.News)

Okay great, so to kick things off…

1. Please introduce yourself and the team behind Crypt(OTC).

W J

Crypt(OTC) is a spin-off from Lithium Ventures so we share the same team :). I take the CEO role within Crypt(OTC) and have plenty of experience managing early stage crypto funds and investments for various entities!

Andrew (BSC.News)

Okay cool, thanks for that introduction!

2. What is Crypt(OTC)? What is your overall goal/mission of the project?

W J 

The concept was born out of the identification of a key issue in early-stage crypto investing, which was liquidity for larger-ticket investments. We seek to offer retail participants looking to invest larger ticket sizes ($10,000+) into deals previously reserved only for institutional money

Andrew (BSC.News)

Right, so for those who are not actually familiar with OTC trades, I know you are repeating yourself in a sense but

3. What inherent issues/problems do you see in crypto that has led to the development of OTC?

W J

Sorry – jumping ahead of myself! So an OTC deal stands for over the counter. The usual way to buy early stage crypto is through a DEX link pancake swap

but anyone who has tried to buy large amounts ($10k+) on these DEX’s faces large costs such as slippage and Tax

Its not uncommon for these trades to incur costs of 20-30%, and thats what we seek to avoid.

By conducting an OTC trade though a trusted service, we offer retail participants access to the same tokens BUT at a 20% discount to the market price! 🙂

Andrew (BSC.News)

Yeah awesome, so in a sense an OTC trade is to avoid large sums of fees and slippage, having the liquidity you need and even getting a discount at market price

All while not affecting the market price if I am correct?

W J

Yes exactly! Its how large funds and institutions trade most assets – and we’re bringing this model to early stage crypto and retail participants

Andrew (BSC.News)

Very nice

4. Who is this for?

Andrew (BSC.News)

And I guess a better question is, how large or how small of a trade can a user benefit from?

W J

Good question!

The quick answer is this is for everyone

the longer answer is that the benefit here comes from investing over $10k in a single token.

Andrew (BSC.News)

Okay cool

So I know that this is a sister company of Lithium Ventures

But for those who do not know

5. What is Lithium Ventures and how is the partnership for Lithium beneficial for both projects?

W J 

So Lithium Ventures is a cross-chain Launchpad where we launch multiple projects. We also have a Venture Capital fund so launching CryptOTC was a natural progression

We’ve had access to these deals for a long time so its super exciting to be able to share them with the wider community now 🙂

Andrew (BSC.News)

Okay and while on the topic of the VC fund

6. How will this platform assist in providing more liquidity for the VC fund at Lithium Ventures?

W J

Strictly speaking the benefit comes directly to Cryp(OTC) since the lithium fund gives us the buying power to negotiate better deals for our community!

🙂

Andrew (BSC.News)

Okay nice, so a very simple question that I don’t think we touched on is

7. How do users interact with your platform?

W J

So – we’ve made it super easy to interact with us

We have only the twitter account which can be found here

But for those interested in hearing about the deals, we will be putting out a bi-weekly newsletter that is 100% FREE to join and puts you at the top of the list should one of the investments be of interest

this can be joined directly here:

Andrew (BSC.News)

Oh sorry, didn’t know if you were done yet

W J

yes done 🙂

Andrew (BSC.News)

Okay!

8. Will you have a native token? If not why, if yes, what kind of utilities will it have?

W J

So for now there wont be a native token as we believe there’s enough value adds here (20% investment discounts!) to generate enough return for our community.

In the future it could be on the cards but for now no!

Andrew (BSC.News)

Wow I think you guys are the first project I’ve ever had on for an ama that don’t have a token!

But of course this is not a bad thing at all. It’s more just about honesty and utility

W J

haha! We’re approaching this differently as we feel the value add already is huge

Andrew (BSC.News)

Exactly

So last but not least

9. Any exciting news you would like to announce here today?

W J

So we have our first deal dropping in 7 days from now – Make sure you join the newsletter to be at the top of the list and first to know!! 🙂

Andrew (BSC.News)

Nice! And could you provide us with your social media links so that our community can go and follow you guys

W J

Twitter

Newsletter

Andrew (BSC.News)

Nice, make sure to go and check out Crypt(OTC) everyone!This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.

Source : bsc.news