What is Otcrit?
Otcrit (from Bulgarian) - 1. Transparent, public 2. Frank, open 3. Found, discovered.
The new crypto-economy is growing exponentially with unprecedented speed, and the market is soon to hit one trillion dollars market capitalization. However, the biggest issue in the cryptocurrency market is the lack of transparency and authentic information. Researching a company could take days, even weeks, and it’s not guaranteed that investors will find any valuable data.
We understand how difficult it is to spend time following all market changes and projects’ development that are necessary to make a good investment. This is why we strive to give, not only in-depth analyses, but also a different independent perspective that investors can rely on and profit from. Otcrit will be their personal advisor and portfolio manager they can reach anytime, anywhere.
At the moment, individuals are issuing tokens with no business plans or actual prospects for realizing their ideas and most are reviewed by unexperienced and biased people usually endorsed for it. Exchanges only list companies that can afford their high entry fees and don’t care about the assets being traded. Our solution is to make this process easier, faster, and more professional.
The platform allows serious investors to receive expert reports for the projects and companies they are interested in. It also allows less experienced users to get their hands on easy to understand material and not gamble with their money. We offer days and even weeks of quality research, including company assessments and audit reports. These papers will be published, not only in English, but in Russian, Chinese, Japanese, German, and we’ll add more languages in the future. Everyone will have a quick and easy access anywhere in the world. No time wasted - only crucial information.
The Otcrit platform is also developing its own cryptocurrency exchange (Otcritex), where only projects reviewed and audited by our security experts and analysts will be available for trading. A percentage of the collected fees will be distributed between all OTC token holders. The Otcritex will also pay commissions to all companies listed on it and, by doing so, reward them for their transparency and dedication. We are against the current model where companies are required to pay, sometimes hundreds of thousands of dollars, to be listed on other exchanges and not get a share of the profits that they could put into development.
In 2017,the market grew from $17billion dollars to over $650billion at the end of the year.This is a massive 3700% growth and experts’ projections show we could see the numbers double and even triple in 2018.
If these expectations come to reality, this will bring a lot of opportunities for new businesses in the cryptocurrency space and much bigger demand for fast and secure exchanges and more authentic information for investors and traders.The founder of Stand point Research-Ronnie Moas, shared his opinion while giving an interview on CNBC in December 2017 that Bitcoin could be valued as high as $400,000 per coin, with a market cap eventually reaching $1 trillion.
The daily trading volume of all cryptocurrencies and tokens in December 2017 was around $25 billion, which does not include ICOs and over-the counter-trading,where some speculate the daily volumes exceed $20 billion but could be much higher. The launch of Bitcoin futures by CME had been hailed by many as moment Bitcoin reached the investment mainstream and should be considered as another sign of where this market is headed.
Although many of the big names in the financial industry gave very negative opinions about the crypto-market in 2017, Bloomberg’s terminal servicenow has,not only Bitcoin,but also ethereum, ripple, and litecoin.This will give more confidence to many investors who have been keeping their money away from the crypto-market.
As the crypto-economy continues to grow and receive higher than ever interest, it becomes apparent that the exciting models of how people research projects and companies will change. With thousands of currencies and tokens on the market,it is no longer enough for investors to read the whitepaper of the company but also receive a professional and objective analysis of their business plan, execution,and strategy.As clearly evident in the previous year,
many people learned the hard way they cannot invest based on the projects’ marketing campaigns and promises.
This is why platforms and individuals providing valuable information and expertise on the market trends will experience high growth through out the upcoming years. Exchanges that value the user’s experience and security will have the opportunity to gain a big share of the market by filling the holes and providing better services based on the customers’ feed back and by fixing everything wrong with trading platforms today. Otcrit’s targets involve all these aspects,making the project likely to succeed and receive the community’s approval. The company’s services will fill the urgent and dissatisfied need for information, technical analyses,and trust.
Otcrit 5 Main Income Sources:
Trading fees
Premium subscriptions
Audit services
Benchmarking services
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The Otcrit Company will begin its operations and expansion with 10 lead team members, all of whom are skilled
developers, marketing experts,and advisors. After completing our presale, the company will increase in size to
at least 20 people, most being researchers and developers. Finally, when we reach our funding target of 10000 ETH,
we expect to grow our team to 50 people at the end of 2018.
The OTC token will be extensively used in our eco-system. It will be possible for the creators of crypto-assets to pay for their audits with it and purchase bench marking services from Otcrit.
The customers and visitors of the platform can buy single analytical reports or pay for our weekly, monthly and annual subscriptions with a discount through our token. Community authors of informational analyses on the platform that have high rating can sell their own reports for OTC tokens and promote their work on the platform.
The OTC presale will issue 8,5% of the total supply with the intention to use the collected funds to expand the Otcrit team of developers and analysts and finance our marketing strategy and legal costs.The presale event will have the following rules:
1 ETH will give participants 5000 OTC tokens
Bonus of 20% for the first week.
End of the presale the bonus will be set to 10%.
The total tokens distributed to the public will be 83% of the total supply of 100million OTC token. Our main and pre-sale will collectively sell 70% of the tokens,and 8% will be sent out in bounties for the next 1year, for content creators, authors, found bugs,and other initiatives, during and after both funding campaigns.
Otcrit considers that giving away such a big portion of the total tokens to our participants is a sign of transparency and trust between both parties.
OTC token official distribution event will start at least a month after the presale is over and will issue the rest of the OTC tokens to the public. Complete details about the rules, terms and conditions of the main sale will be available before the official announcement Otcrit Website.
Otcrit’s marketing strategy brings a lot of possibilities to attract many people who have their own way to contribute to the community and help with the education and awareness of the less-experienced user. Bloggers, journalists,and technical analysts will have another platform where they can,not only provide information,but also profit from it.
The Bounty Campaign Separate in Two Levels:
LEVEL A
LEVEL B
Total Allocation of the campaign worth 8,000,000 OTC tokens or 8% of the total supply worth $2,000,000 to 250,000 OTC tokens worth ~$60,000 for all the Category.
Otcrit Important Link You May Need To Know (Be Ware Of Scam Website)
Website : https://www.otcrit.org/
Telegram : https://t.me/OtcritPlatform
Twitter : https://twitter.com/OtcritPlatform
BitcoinTalk Furom : https://bitcointalk.org/index.php?topic=2721133
PRESALE
START: 15th of February
END: 15th of March
18:00 UTC +1 Local Berlin Time
MAIN SALE
Starts ~ 01/MAY/2018
HARD CAP 10 000ETH
this could change based on price volatility.
PARTNERS
DLT Capital
TAD Group
Otcrit Platform Powered by Ethereum and The Bounty Campaign Is Live Now!