โญWelcome to Whales Market
Ultimate OTC DEX for trading Pre-listing allocations
Whales Market offers a decentralized OTC trading platform for users to directly exchange assets across multiple blockchains, with complete trustlessness and security guaranteed. The novel idea behind Whales Market is centered on the inherent risks of peer-to-peer cryptocurrency trading.
Formal methods like social groups, private messages, or decentralized platforms have long been known as the major methods to facilitate OTC trading within the crypto space. Despite being recognized for the accessibility and convenience they have proven, the negative impact of the lack of robust management on the asset transferring procedure has. This exposes traders to scams and fraud, where sellers may fail to deliver promised tokens. The main reason for this is because these tradings don't require any commitment amongst the parties involved, as the trading routes between them are not porous and most likely based on the routes between both parties Whales Market addresses this issue by bringing OTC trading onto a single platform. This allows buyers and sellers to facilitate mutually agreed upon on-chain transactions. Capital remains locked in smart contracts and is only released to the parties upon successful transaction settlement. This advancement not only streamlines the trading process but also significantly reduces the risk of financial losses due to deceptive practices.
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