Dear OTCBTC users,
According to OTCBTC white paper, we use 20 percent of our quarterly profits to buy back and burn OTB.
1432133.7511469452 OTB was bought back and burnt in 2018 Q2 (2018/5/1 ~ 2017/7/31), in line with the business performance.
OTCBTC has bought back these OTB tokens in batch between 2018/07/24 and 2018/07/30. The burn was executed on 2018/08/01. check the burn record
Key Operation Statistics
OTCBTC continued its steady growth between 2018/05/01 and 2018/07/31.
* 400,000 registered users and over 50% active and verified users
* 49,000 daily active users (highest)
* Despite the bearish market, assets stored on OTCBTC is up 15% compared to last quarter
* Ranked No. 2954 in Alexa China
* OTCBTC was the Platinum Sponsor for RailsConf 2018 (the world’s largest Rails developer annual conference). A technical speech was given and talents were recruited.
* OTCBTC was the highest-level sponsor for RubyKaigi Japan 2018 (the world’s largest Ruby developer annual conference) and talents were recruited.
* OTCBTC was the Diamond Sponsor for HITCON 2018 (Taiwan’s largest hacker annual conference) and talents were recruited.
* OTCBTC launched EOS Center and EOS Token Express Listing. Many EOS Tokens were listed already.
* OTCBTC partnered with SlowMist strategically and built a crypto exchange defence mechanism. Grey box audit was completed and the bug bounty was published.
* OTCBTC partnered with an experienced information security consultant company in Taiwan strategically, completed white box audit and built a crypto exchange defence mechanism.
* New Zealand business office was opened
* Philippine technical office was opened
* Company staff was up 50% compared to last quarter. A growth team, a risk control team and a global business team were formed.
Important New Features
* 2018/05 OTF Investment Combo was introduced
* 2018/05 Verified Merchant was introduced, VIP customer service team was formed
* 2018/05 Mac and Windows client app was launched
* 2018/05 OTCBTC Growing Plan (OTB Escrow Plan) was launched. 12.82% of the OTB tokens on the market were put in escrow. These users will receive the OTFs equivalent to 10% p.a. interest.
* 2018/06 Crypto Exchange Android app was launched
* 2018/06 Mobile registration was introduced
* 2018/06 EOS wallet deposit and withdrawal was introduced (one of world’s first three exchanges offer EOS deposit/withdrawal services)
* 2018/07 Referral Programme was upgraded, three-tiers referral method was introduced
* 2018/07 EOS Center was launched (airdrops / distribution / RAM tutorials), supporting the EOS ecosystem
* 2018/07 Private number service was introduced to protect user’s privacy
* 2018/07 Anti phishing email code feature was introduced
* 2018/07 Six EOS airdrop tokens were distributed
* 2018/07 Platform base security structure was upgraded, partnering with SlowMist and second grey box audit completed
* 2018/07 EOS Airdrop Market was launched
* Over 10 tokens including CPS, SS, eosDAC, BCAT, MT, XMX, OCT, IQ, KARMA, SAC were listed
* Trading pairs between more major tokens and OTB were introduced
* EOS trading was introduced and OCT, KARMA trading competitions were held
* EOSRAM trading service was launched
* EOS Mainnet Swap was supported
* EOS token technical structure express listing program was completed (eosDAC, IQ, OCT, KARMA were listed)
* TRON mainnet upgrade and the token swap was supported
OTCBTC will continue to build a more secure and quality crypto exchange platform. We will set up a new Cloud Business Team and further support the blockchain ecosystem.
In the last year, OTCBTC gained extensive experience of OTC crypto exchange development, security, risk control and operation. It is now one of the most user-friendly and beginner-friendly platforms in the industry.
To meet the fast-evolving needs in the industry, we would love to share our experience and help build an amazing blockchain world.
OTC Cloud will provide support for deposit/withdrawal API, account integration, asset settlement system, management system, cold/hot wallet system, customer service support, global customer verification and anti-money laundering system.
100 places will be open for the first-batch testers. Teams with over 500,000 OTB are eligible to apply.
More details will be announced soon. Click the feedback form to provide your precious thoughts on it.
Thank you for supporting OTCBTC!