The token OTB (abbreviation for "The OTCBTC Token"), offered by OTCBTC, is a decentralized blockchain digital asset based on Ethereum according to ERC 20 standard.
OTCBTC was founded in September 2017 by a Taiwanese development team who are fascinated with blockchain technology. With adoption of KYC procedure and impartial scoring mechanism, OTCBTC is committed to providing global users a secure, easy-to-use and reliable blockchain service, to create a smart trading platform that allows people's asset freely flow.
Repurchase Rule of OTB
20% of the net profit of OTCBTC platform will be used to repurchase OTB tokens every quarter after the crypto exchange is launched. The repurchased OTB tokens will be directly destroyed while the repurchase history will be announced in the meantime. Users can query through the blockchain browser with complete transparency, until the total amount of destruction reaches 100 million OTB.
The Advantage of OTB
1. Discounted fees
OTB can be used to pay the commission on OTCBTC platform. Since the traded currency supports OTB deduction, the system will automatically apply the discount to deducting commission with equivalent amount of OTB according to current market price.Following is the discount rate:
2. Shortcut to fast trading
The OTB will become part of the fast trading system, enabling quick liquidation and guarantee.It will Improve trade efficiency within the platform.
Smart contract address of the token: 0xa86a0da9d05d0771955df05b44ca120661af16de
White paper for more information: