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Blockchain-based Startup Otcrit is Building the ‘Universal Crypto-Marketplace’

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by Alexandra Sayapina · 4 min read
Blockchain-based Startup Otcrit is Building the ‘Universal Crypto-Marketplace’
Photo: Otcrit

The platform that includes progressive trading exchange believes that the best way to analyze the crypto industry is to combine the efforts of professional experts and initiative enthusiast.

Bitcoin appeared in top Google trends of 2017 twice: it became the second most searched topic out of all global news, the question “How to buy Bitcoin” takes the third place in “How to…” category. It is a foregone conclusion this topic generates media interest and public concern. Nevertheless, it may point to one more fact: the information about cryptocurrencies is fragmented between thousands of resources. The scale of scatter is even greater when speaking about ICOs and different blockchain-based projects. But the complexity may soon be left in the past.

Otcrit is a platform that creates a unique space for all the people interested in crypto sphere. The list of features of the developing platform is quite impressive: secure trading exchange, different kinds of reports and analytics. The preliminary list of analyses includes 10 different types: from technical ones to competition analyses. The platform will also inspire people with good knowledge of the market to delve into research process – as they can turn their analysis into profit.

Victor Koychev, the CEO and Co-founder of Otcrit, shared his view on the state of affairs in the crypto market: “No one really wanted to hear what the people desire when it comes to services and user experience. The projects are focusing too much on marketing which led to all news outlets to bump up their prices to unbelievable heights creating unfair competitive space. Bloggers and YouTubers joined this practice by starting to only review companies they have been paid to. We dealt with it by giving control back to the people and by creating a platform where our team of experts can analyze the blockchain projects and give a fair assessment of their products.”

The platform has the ambition of becoming a kind of personal investment advisor. The project has already attracted the pool of talented experts. However, Otcrit is aimed to become the place where every voice can be heard. It suggests the concept of “community reports” – the analytics that can be published by every member of the platform. The other features for users include the possibility to hire experts, request reports or translations of some interesting materials.

To ensure a mutually supportive relationship in the community Otcrit issued the OTC token. This cryptocurrency may be used to pay for any serviced offered by the platform. The company provides the community with a significant bonus – 10% of fee spent on platform’s services would be paid back as a reward to each token owner. It is important to mention that this extends to the trading exchange Otcritex.

It comes as no surprise that companies face lots of troubles when trying to get listed on exchanges after the end of their funding campaigns. Otcritex changes the rules of the game. The team of experts combined with the most influential community experts will analyze the projects and put the most promising ones on the platform’s list.  Listing on Otcritex is not only free of charging; the most promising companies will enjoy the privilege to get 5% of the collected trading fees. No need to say that users will get an opportunity to pay less while trading or even to have no fees at all: the ways to use this benefits are being active, inviting friends and using OTC tokens.

Otcrit ICO is scheduled for May 2018, but the presale will start on February 15. The platform has established the following prices: 1 ETH is 5000 OTC tokens with a bonus of 20% for the first week. From the second week and to the end of the presale the bonus will be set to 10%. There are also special “perks” for presale investors like free trading or reports subscription for the buyers who are eager to spend over 25 ETH during the Otcrit presale.

Blockchain News, News, Token Sales
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