About OTC Trading
Learn how cross-chain OTC trading works
What is OTC Trading?
Over-the-counter (OTC) trading allows you to buy and sell XNT tokens directly with other users at negotiated prices, without going through a traditional order book. This service facilitates cross-chain trades where sellers lock XNT on X1 network and buyers pay USDC on Solana.
How It Works
Sellers Create Listings
Sellers lock their XNT tokens in an on-chain escrow on X1 network. They set their asking price in USDC per XNT and define minimum/maximum trade sizes.
Buyers Make Payments
Buyers select a listing and send USDC payment to the collector wallet on Solana. The payment includes a small service fee (0.5%).
Automatic Settlement
Once payment is detected, the system automatically releases XNT from escrow to the buyer on X1, sends USDC to the seller on Solana, and collects the service fee.
Key Features
Secure Escrow
XNT tokens are locked in on-chain escrow until payment is confirmed
Cross-Chain
Trade XNT on X1 network for USDC on Solana seamlessly
Low Fees
Service fee is only 0.5% (min 0.25 USDC, max 5 USDC)
Automated
Settlement happens automatically after payment confirmation
Service Fees
The service charges a fee of 0.5% of the trade value, paid by the buyer. The fee is calculated as follows:
- Minimum fee: 0.25 USDC
- Maximum fee: 5 USDC
- Fee is included in the total payment amount