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OTCHub Trading Rules

Effective Date: August 25, 2025

By signing the authentication message and using the OTCHub platform, you agree to comply with these trading rules and platform policies.

1. Platform Overview​

OTCHub is a decentralized over-the-counter (OTC) trading platform that facilitates peer-to-peer transactions through smart contracts. Our platform provides escrow services and automated settlement mechanisms for digital asset trading.

2. Order Types​

2.1 Traditional Orders​

  • Maker Orders: Users create offers specifying asset, price, quantity, and trading terms
  • Taker Orders: Users fill existing offers according to the maker's terms
  • Partial Fills: Orders may be partially filled if the maker allows it

2.2 Signed Orders​

  • Off-chain Signed Orders: EIP-712 compliant orders that can be filled without on-chain presence
  • Gasless Trading: Makers don't pay gas fees until their order is filled
  • Flexible Pricing: Support for both fixed and dynamic pricing models

3. Trading Terms​

3.1 Deposit Requirements​

  • Deposit Multiplier System: Each offer specifies a deposit multiplier (e.g., 1x, 2x, 3x)
  • Calculation: Actual deposit = Trade amount × Deposit multiplier
  • Purpose: Ensures commitment and reduces default risk

3.2 Settlement Procedures​

  • Funding Phase: Both parties deposit required collateral
  • Confirmation Phase: Parties confirm completion of off-chain asset transfer
  • Settlement Phase: Smart contract releases funds according to trade outcome

4. Asset Categories​

4.1 Supported Assets​

  • ERC-20 Tokens: Standard fungible tokens
  • NFTs: Non-fungible tokens (ERC-721, ERC-1155)
  • Bitcoin Inscriptions: Ordinals and BRC-20 tokens
  • Custom Assets: Platform-specific or new protocol tokens

4.2 Asset Information Requirements​

  • Verification: Assets must be properly verified and documented
  • Metadata: Complete asset information including contract address, decimals, symbol
  • Risk Disclosure: Clear indication of asset risks and characteristics

5. User Responsibilities​

5.1 Account Management​

  • Wallet Security: Users are fully responsible for wallet and private key security
  • Accurate Information: Provide truthful and accurate trading information
  • Compliance: Follow all applicable laws and regulations

5.2 Trading Conduct​

  • Good Faith: Execute all trades in good faith and according to agreed terms
  • Timely Action: Complete trading actions within specified timeframes
  • Communication: Maintain professional communication with counterparties

6. Dispute Resolution​

6.1 Automated Resolution​

  • Smart Contract Logic: Many disputes are resolved automatically by contract logic
  • Timeout Mechanisms: Automatic resolution when parties fail to act within time limits

6.2 Manual Arbitration​

  • Dispute Filing: Either party may file a dispute with supporting evidence
  • Review Process: Community-based or admin review of dispute details
  • Final Decision: Binding resolution with fund distribution

7. Platform Fees​

7.1 Trading Fees​

  • Transparent Structure: All fees are clearly displayed before transaction confirmation
  • Fair Pricing: Fees are set to maintain platform sustainability
  • No Hidden Costs: No surprise fees or charges

7.2 Gas Fees​

  • Blockchain Costs: Users pay all gas fees for blockchain transactions
  • Optimization: Platform optimizes contract calls to minimize gas usage
  • Estimation: Gas fee estimation provided before transaction submission

8. Risk Disclosures​

8.1 Technology Risks​

  • Smart Contract Risk: Potential vulnerabilities in smart contract code
  • Blockchain Risk: Network congestion, forks, or failures
  • Wallet Risk: Loss of private keys or wallet compromise

8.2 Market Risks​

  • Price Volatility: Digital assets are subject to high price volatility
  • Liquidity Risk: Some assets may have limited liquidity
  • Counterparty Risk: Risk of counterparty default or non-performance

9. Force Majeure​

IMPORTANT: OTCHub shall not be liable for any losses, damages, or delays caused by circumstances beyond our reasonable control, including but not limited to:

  • Cyber Attacks: Hacker attacks on the platform or blockchain network
  • Network Issues: Blockchain network forks, failures, or downtime
  • Technical Failures: Smart contract exploits or vulnerabilities
  • Regulatory Actions: Government regulations or legal restrictions
  • Natural Disasters: Acts of God or other unforeseeable events

9.1 User Assumption of Risk​

Users acknowledge and accept that they assume all risks associated with:

  • Blockchain technology usage
  • Digital asset trading
  • Smart contract interactions
  • Third-party wallet security

9.2 No Recovery Guarantee​

In the event of force majeure circumstances, OTCHub cannot guarantee:

  • Recovery of user funds
  • Completion of pending trades
  • Restoration of platform services within any specific timeframe

10. Prohibited Activities​

Users are strictly prohibited from:

  • Illegal Activities: Money laundering, terrorist financing, or other illegal activities
  • Fraud: Providing false information or engaging in fraudulent behavior
  • Market Manipulation: Artificial price manipulation or wash trading
  • System Abuse: Attempting to exploit platform vulnerabilities or bugs

11. Account Suspension​

The platform may suspend or restrict accounts for:

  • Rule Violations: Violation of these trading rules
  • Suspicious Activity: Patterns of suspicious or fraudulent behavior
  • Legal Requirements: Compliance with legal or regulatory demands
  • Technical Issues: Protecting platform integrity and user funds

12. Platform Evolution​

12.1 Rule Updates​

  • Notice Period: Changes to trading rules will be announced with reasonable notice
  • User Consent: Continued use of the platform constitutes acceptance of updated rules
  • Grandfathering: Existing trades may be governed by rules in effect at trade creation

12.2 Feature Development​

  • Continuous Improvement: Platform features and capabilities are continuously enhanced
  • User Feedback: User suggestions and feedback are considered for platform development
  • Beta Features: New features may be introduced in beta form with appropriate disclaimers

13. Contact and Support​

For questions about these trading rules or platform issues:

By using the OTCHub platform, you acknowledge that you have read, understood, and agree to be bound by these Trading Rules.

Last updated: August 25, 2025