“ There are many requests recently about OTC buy deals for $GTON for 150-500k$ deal sizes. We designed a special approach for it.
If u have OTC questions or know somebody who has, please contact me or @CryptoBNS in DM.”
People can’t get GTON from DEXes since the project is in early stage and there is not enough liquidity to buy without an incredible slippage. So, we have many request for OTC deals in DM.
I. We (Graviton-DAO) have Backers (3%) and Operation (14%) allocations - those allocations are using for MM operations on DEXes (and later it will be in CEXes).
II. All funds from DEXes/CEXes or OTC deals are coming into the DAO treasury multisig accounts and other smart contracts (not to the team wallets).
III. Core Contributors - Team allocation (20%) will start unlocking only after one year from the project start (May 2022 year), with the same unlocking formula as an EBs allocation. No team’s tokens will be sold on OTC deals before that.
There is an issue with direct OTC deals - without lockups. Why?
“Pathway protocol - the automated liquidity support program for GTON will bring an almost riskless strategy for whom who gonna speculate on GTON price fluctuations. The Graviton-DAO don’t need that and our focus must be on long-term oriented whales/holders”
So, we can only suggest an option to buy an allocation from an OTC smart contract for the fixed market price (from Band’s oracles) from the treasury with locked allocations and linear unlocks (like 10-20% per month). No discounts, no extra bonuses, no custody (via verified/audited OTC smart contract).
Based on the feedback from this proposal post we’ll suggest a parameters configurations for GTON-voting.
We have implemented smart contract for any EVM chains for such deals (Eth, Fantom, BSC, Matic, Avalanche, xDAI, Heco and etc). So, USDC/USDT/BUSD or another liquid assets can be accepted (wrapped native tokens as well).