Whales Market, a new OTC decentralized exchange (DEX) on the Solana blockchain, has achieved a significant milestone with the launch of its decentralized application (Dapp) and the introduction of its native token, $WHALES, on Mainnet. This launch marks the latest venture from the LootBot team, which is highly regarded for its innovative airdrop automation Telegram Bot. Building on this foundation, the LootBot team has strategically developed Whales Market, specifically targeting the OTC trading landscape within the Solana ecosystem.
The Dynamics of an OTC Dex
The OTC (Over-the-Counter) market serves as a decentralized platform for direct trading of financial instruments like stocks, bonds, and cryptocurrencies, bypassing centralized exchanges. It offers advantages such as transaction confidentiality, reduced price slippage, and customizable deals. However, the OTC market is not without drawbacks. Risks arise from the absence of guarantor guarantees, increasing counterparty default ris
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