Thread by @RiddlerDeFi

1/

Leave #CEX behind, the real crypto trading is and has always been the OTC one

Almost 70% of crypto trades are OTC, and a new protocol will soon capitalize on these HUGE volumes

A deep-dive on $GIGA🔎
👇🧵

2/

TL;DR 🎙️

@gigaswapfinance is an OTC trading platform where you can cut the middlemen forever in crypto and #NFT trades 💱

The platform will provide security for the trading while taking the smallest fee you can find 💸

@gigaswapfinance 3/

$GIGA Overview:

Price: $0.00005320
Market Cap: $4.83M
Supply: 100B $GIGA
Holders: 2K

Pump soon? 👀

@gigaswapfinance 4/

What I'll cover in this thread:

💪 What is @gigaswapfinance
💪 OTC trades and the OTC marketplace
💪 Fractional trades
💪 Tokenomics and Real Yield
💪 Roadmap and interoperability

@gigaswapfinance 5/

What is @gigaswapfinance❓

$GIGA plans to bring OTC trading in crypto to the next level while creating #RealYield for $GIGA's holders 🌽

The project's still in its infancy and is already looking extremely promising

@gigaswapfinance 6/

Among the future features of this swap there are:

💱OTC marketplace
🎨Partial NFTs trades
🌉Bridgeless interoperability
🛡️Tight security for users

But we'll see everything one piece at a time

@gigaswapfinance 7/

OTC trades in Cryptocurrency 💱

A nice heads-up from @CryptoKaduna reminds us that OTC trades in crypto are massive

Some estimates say that's about 50 to 70% of total crypto trades

Almost 50B are traded daily during a bear market, imagine how big the OTC is

@gigaswapfinance @CryptoKaduna 8/

The final goal of @gigaswapfinance is to take a piece of this giant pie 🥧

Thanks to some of the lowest fees around and a secure platform to make your OTC trades, the potential here is massive

@gigaswapfinance @CryptoKaduna 9/

Pros of OTC trades:

🔹Avoid front-running
🔹Avoid high tx taxes
🔹Avoid destroying projects' charts
🔹No price impact

Cons:

🔸Risk of scams
🔸Excessive slippage

@gigaswapfinance @CryptoKaduna 10/

@gigaswapfinance will take these pros and erase the cons, the minimal tax of 0.3% on trades will be their profit

All of this will be possible on the upcoming OTC marketplace 💱

@gigaswapfinance @CryptoKaduna 11/

OTC marketplace 🤝

The marketplace is planned to be available on as many chains as possible

Think #EVM compatible, $BTC, @cosmos, and more

But how will it work? 🤔

@gigaswapfinance @CryptoKaduna @cosmos 12/

The marketplace will allow 3 main types of trades:

▶️The OTC direct trade
▶️The OTC pair
▶️The Fractional OTC trade

Anyone can connect to $GIGA and create their own direct trade

@gigaswapfinance will help the traders in finding each other

@gigaswapfinance @CryptoKaduna @cosmos 13/

The direct trade is pretty straight-forward, it sets itself between 2 agreeing parties using $GIGA platform as escrow in the middle

Let's explain the other 2:

An OTC pair will be created on the marketplace by providing liquidity for taxes and trading

@gigaswapfinance @CryptoKaduna @cosmos 14/

The pair can be locked to prevent scams on either side

A certain % of slippage price can be set to avoid excessive volatility generating bigger losses

@gigaswapfinance @CryptoKaduna @cosmos 15/

Fractional Trades 🍕

These can be used to trade a % of a single NFT, or a vested portion of tokens

NFTs or vested tokens get wrapped into a ERC-20 token derivative of the original

@gigaswapfinance @CryptoKaduna @cosmos 16/

You can then sell a % of your future NFT sale

Imagine buying 15% of a #BAYC

Biggest point of this is that the tax on @gigaswapfinance remains 0.3%, against the 2.5% of @opensea

Huge savings for the seller, regardless of the NFT being sold as a whole or in %s 💰

@gigaswapfinance @CryptoKaduna @cosmos @opensea 17/

Tokenomics and #RealYield 🔢🌽

Now to $GIGA the token

There's a buy/sell tax of 3.5% that will most likely be removed in the future and a round trip tax of 7%

Of this 7%
5% goes to development and 2% gets burnt 🔥

8% of the supply was burnt so far

@gigaswapfinance @CryptoKaduna @cosmos @opensea 18/

The 0.3% taxes from the protocol will be redirected to

$GIGA stakers (90%) 🔒
Team (10%) 🛠️

With about $100M in volumes, the 0.3% taxes would bring $300k in yield, of which 270k goes to stakers

I'll let you guys do the math for your preferred volumes 📈

@gigaswapfinance @CryptoKaduna @cosmos @opensea 19/

Roadmap 🗺️

First points in this list are completing the dApp and getting audited ✅

After them, I'm most bullish about the partial NFT trading and the inclusion of more chains outside EVM ⛓️

@gigaswapfinance @CryptoKaduna @cosmos @opensea 20/

One last thing that must absolutely be said about @gigaswapfinance is their interoperability approach 🌐

There's a strong emphasis on being able to OTC trade in a bridgeless environment 🤝

Imagine swapping $BTC for $ETH without moving from one chain to the other

@gigaswapfinance @CryptoKaduna @cosmos @opensea 21/

Before closing this thread I'll leave you with @gigaswapfinance links

You can find all the useful ones on this tweet from the official Twitter account 👇

https://twitter.com/gigaswapfinance/status/1559833802582761473

@gigaswapfinance @CryptoKaduna @cosmos @opensea 22/

That was it for this thread 🧵

You know the drill 🫡

Follow me @RiddlerDeFi for more alpha 🧠

Best way to support is to simply drop a RT + LIKE on the #1 tweet of this thread 🖤

https://twitter.com/RiddlerDeFi/status/1608880867048292352

@gigaswapfinance @CryptoKaduna @cosmos @opensea 23/

🧠 @gigaswapfinance

Big Brains 👇
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@cryptohunter37
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