AirSwap OTC enables trading without third-party escrows, deposits, or trading fees. Synthetix, iExec, Tellor, Band Protocol, and more top ecosystem projects have endorsed AirSwap OTC — find out how your project too can benefit from trustless trading.
Decentralized systems like AirSwap enable peer-to-peer asset transfer without relying on third-parties to broker trades or custody assets. Over-the-counter (OTC) transactions, however, are still often facilitated via chat room based escrow services that can turn out to be malicious. Stories of escrow failures and scams have led to fear and frustration within our community.
Trustless OTC Trading
Last August, we launched AirSwap OTC, providing a trustless way to conduct OTC trading without third-party escrows, deposits, or trading fees. A clean interface and a simple workflow enable traders to build and share orders that instantly execute and settle via the audited smart contracts underlying the AirSwap network.
AirSwap OTC has been used successfully by several projects, including Synthetix and Tellor, to trustlessly trade within their communities. We’ve observed a diversity of transactions, with small to large trades across a variety of tokens. Moreover, as a testament to its need within our community, we’ve seen chat rooms adopt AirSwap OTC as a preferred trading tool.
Why Projects Prefer AirSwap OTC
Today, we are taking this a step further. Recognizing that the choice to use AirSwap OTC is based on a belief that it is the safe, reliable alternative, we’ve launched an initiative along with several leading projects that prefer AirSwap for their communities.
With this initiative, there are two major components:
- Token projects have endorsed AirSwap OTC, giving traders confidence that their community is using a safe OTC trading solution.
- AirSwap OTC now includes a “Trusted By” section in the token selector, giving traders confidence that other major projects have endorsed the product.
We’ve kicked off the initiative with 5 token projects. Hear from their teams below for insights into how AirSwap OTC is improving the overall trading experience for their community and token holders.
“iExec is thrilled to make AirSwap OTC the official and recommended way to trade the RLC token over the counter. Not only is it super easy to create an order to your liking, but most importantly it allows you to stay in control of your assets until the very last moment before it is effectively swapped. Oh and did I mention that no middleman also equals no transaction fees?”
— Victor Bonhomme, Asset Manager at iExec
“AirSwap OTC has been an extremely useful platform for our community to trade SNX securely. It’s meeting a crucial need and the crypto ecosystem is much better for its presence.”
— Kain Warwick, Founder of Synthetix
“AirSwap OTC is a no-brainer for us to officially recommend as the best over the counter method of trading TRB. I mean, where else would you go for OTC…..a chatroom? Get real. Intermediary-free is the way to be. We are very happy to present this great option to the Tellor community.”
— Michael Zemrose, CSO and Co-founder of Tellor
“We see AirSwap OTC as a necessary tool for the ecosystem. In the decentralized world, people need a way to trade with each other in bulks without trusting each other prior to the transaction. When we saw how easy to use AirSwap’s tool was, we thought we would promote it to our community”
— Matthieu Courtin, Partnerships Director of Ultra
“We’re excited to open up the possibility for BAND token holders to trade OTC safely and remain in custody of their assets without any trading fees or counterparty risk.”
— Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
We’re excited to take a step forward to eliminate OTC exit scams and fraud once and for all. If you are a project who is interested in being included in this initiative, please reach out to us at firstname.lastname@example.org or join us on Discord.