đđđ #Whales Market Announces the Launch of Its Revolutionary #Dapp and Token on the Solana network
Whales Market, a new #OTC decentralized exchange (#DEX ) on the Solana blockchain, has achieved a milestone with its Dapp launch and native token, $WHALES, on Mainnet. Developed by the LootBot team, known for its airdrop automation Telegram Bot, Whales Market focuses on revolutionizing cryptocurrency OTC trading.
Key Features:
- OTC Dex Dynamics: OTC markets allow direct trading of financial instruments, bypassing centralized exchanges. Whales Market addresses risks such as counterparty defaults and fraud by leveraging smart contracts for transparency and efficiency.
Two Market Types: The Pre Market facilitates P2P trading of pre-TGE token allocations, enhancing accessibility and reducing fraud. The OTC Markets offer a secure platform for P2P trading of tokens and NFTs, protecting users from scams.
- Economic Model: Whales Market generates revenue through $WHALES token trading fees, incorporating revenue sharing, Buyback and Burn mechanisms, and allocating a portion for development expansion. Performance-based emissions tie team incentives to trading volume for sustainable growth.
Expansion Plans: Currently focused on Solana, Whales Market plans to expand to Ethereum, exploring opportunities in EVM and non-EVM chains, as well as ZK blockchains.
- Market Overview: In 2023, the traditional securities OTC market exceeded $100 trillion in capitalization. The cryptocurrency space, fueled by ETF funding and a shift in major cash flows, attracts growing attention and investment. Decentralized OTC trading emerges as a disruptive solution, offering a streamlined avenue for digital asset investment.
About Whales Market:
Whales Market, a game-changer in the OTC DEX space on Solana, offers a secure haven for traders. Leveraging the LootBot ecosystem on the leading Layer 1 network, it aims to excel in transparent token exchanges and airdrop allocations.
Source - Cryptonews
