🏪OTC Trading System

🏪 OTC Trading User Guide

The OTC (Over-The-Counter) Trading System allows server members to securely trade NFTs directly with each other using an escrow system. Create listings, browse available NFTs, and conduct safe peer-to-peer transactions!

📋 Table of Contents

• OTC Administration

• Getting Started

• OTC Commands Overview

• Setting Up OTC Trading

• Trading NFTs

• Managing Your Listings

• Collection Verification

• Understanding the Trading Process

• Permission Requirements

• Tips & Best Practices

• Troubleshooting

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⚙️ OTC Administration

Before users can trade NFTs, server administrators need to set up the OTC system and verify collections for trading.

/otc-setup

Set up OTC trading infrastructure in your server.

Required Permissions: Administrator

No Parameters Required

What this does:

• Creates an "OTC" category with three channels:

  • #otc-listings - Where new listings are announced

  • #otc-shop - Where users can browse available NFTs

  • #otc-sales - Where completed sales are announced

• Configures the server for OTC trading

• Sets up the shop display system

Example:

/otc-setup

Sample Output:

✅ OTC Trading Setup Complete
Setup completed successfully!

Listing Channel: #otc-listings
Shop Channel: #otc-shop

New NFT listings will be announced in #otc-listings, and 
users can browse available NFTs in #otc-shop.

To submit your collection to be tradable, use `/otc-verify-collection`.

Users should be able to list, browse and manage their listings 
by using the command `/otc`.

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/otc-verify-collection

Request verification for a collection to enable OTC trading.

Required Permissions: Administrator

Required Parameters: None (uses interactive modal)

How it works:

1. Opens a modal form requesting collection information

2. Submits verification request to the bot team

3. Team reviews and approves/rejects the collection

4. Approved collections become available for trading

Modal Fields:

• Collection Address (required)

  • The verified collection address

• Official Discord Server URL (required)

  • Your project's Discord server link

• Official Twitter Handle (required)

  • Your project's Twitter account (without @)

• Official Website (required)

  • Your project's official website

• Market Place URL (optional)

  • Tensor or MagicEden collection URL

Example:

/otc-verify-collection

What happens:

• Modal opens for collection details

• Verification request submitted to bot team

• You receive confirmation with request details

• Team reviews within 24-48 hours

• Collection approved for trading once verified

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🚀 Getting Started

The OTC system uses Discord's slash commands and requires wallet verification for trading.

Prerequisites:

1. Server must have OTC trading set up (/otc-setup)

2. You must have a verified wallet (visit https://verification.tekools.app)

3. Collections must be verified for trading

Basic Usage:

/otc [subcommand] [options]

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📖 OTC Commands Overview

OTC Administration Commands (Administrators Only)

Command	Description	Required Permissions
/otc-setup	Set up OTC trading infrastructure	Administrator
/otc-verify-collection	Request collection verification for trading	Administrator

OTC Trading Commands (All Users)

Command	Description	Required Permissions
/otc list	List an NFT for sale	Verified wallet required
/otc manage	Manage your active listings	Verified wallet required
/otc confirm	Confirm NFT transfer to escrow	Verified wallet required

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🎯 Setting Up OTC Trading

For Server Administrators

Step 1: Initial Setup

/otc-setup

This creates the necessary channels and infrastructure.

Step 2: Verify Collections

/otc-verify-collection

Submit your collections for verification to enable trading.

Step 3: Inform Your Community

Let your members know they can:

• Verify their wallets at https://verification.tekools.app

• Start trading using /otc commands

• Browse listings in the #otc-shop channel

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🏪 Trading NFTs

/otc list

List an NFT for sale in the marketplace.

Required Parameters:

• collection (autocomplete)

  • Select from verified collections available for trading

  • Only shows collections you own NFTs from

How the listing process works:

1. Select Collection: Choose from verified collections

2. Choose NFT: Browse your NFTs from that collection (paginated)

3. Set Price: Enter price in SOL

4. Accept Offers: Choose whether to accept offers

5. Review Fees: See breakdown of royalties and platform fees

6. Transfer to Escrow: Send NFT to bot's escrow wallet

7. Listing Goes Live: Your NFT appears in the marketplace

Example:

/otc list collection:My Cool Collection

Interactive Flow:

1. Select your NFT from a paginated list

2. Modal opens for price and offer settings:

   • Price in SOL: 10.5

   • Accept Offers: yes or no

3. Review fee breakdown

4. Transfer NFT to provided escrow address

5. Confirm transfer with /otc confirm

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/otc manage

Manage your active listings.

No Parameters Required

Available Actions:

• Edit Price: Change the listing price

• Cancel Listing: Remove listing and return NFT

Example:

/otc manage

Interactive Flow:

1. Select from your active listings

2. Choose an action (Edit Price or Cancel Listing)

3. Complete the selected action

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/otc confirm

Confirm that you've transferred an NFT to the escrow wallet.

No Parameters Required

When to use:

• After transferring an NFT to the escrow wallet

• When you have pending listings awaiting confirmation

Example:

/otc confirm

What happens:

1. Shows your pending transfers

2. Select the transfer to confirm

3. Bot verifies the transfer on-chain

4. Listing becomes active if transfer is confirmed

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📊 Understanding the Trading Process

For Sellers

1. List Your NFT: Use /otc list to create a listing

2. Transfer to Escrow: Send NFT to the provided escrow wallet

3. Confirm Transfer: Use /otc confirm to activate listing

4. Manage Listing: Use /otc manage to edit or cancel

5. Complete Sale: Receive SOL when buyer purchases

For Buyers

1. Browse Listings: Check the #otc-shop channel

2. Purchase NFT: Click buy button on desired listing

3. Complete Payment: Send SOL to provided address

4. Receive NFT: Bot transfers NFT to your wallet

Escrow System

• Security: All NFTs held in secure escrow during listing

• Verification: On-chain verification of all transfers

• Automatic: Automated handling of successful transactions

• Reversible: Sellers can cancel and retrieve their NFTs

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🔐 Permission Requirements

Administrator Access

Server administrators can:

• Set up OTC trading infrastructure

• Request collection verification

• Access all OTC features

Verified Wallet Users

Users with verified wallets can:

• List NFTs for sale

• Purchase listed NFTs

• Manage their listings

• Confirm transfers

Regular Members

Standard server members can:

• View listings in #otc-shop

• Browse the marketplace

• See listing announcements

• Cannot list or purchase without wallet verification

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💡 Tips & Best Practices

For Sellers

1. Competitive Pricing: Research similar NFTs before setting prices

2. Quality Images: Ensure your NFTs have good metadata and images

3. Accept Offers: Consider enabling offers for faster sales

4. Quick Transfers: Transfer to escrow promptly after listing

5. Fair Pricing: Factor in royalties and platform fees

For Collection Owners

1. Complete Information: Provide accurate social links during verification

2. Active Community: Maintain active Discord and social presence

3. Fair Royalties: Set reasonable royalty percentages

4. Quick Response: Respond promptly to verification team questions

5. Community Education: Teach your holders how to use the system

For Server Administrators

1. Channel Organization: Keep OTC channels organized and monitored

2. Community Guidelines: Set clear rules for trading behavior

3. Support System: Have moderators familiar with OTC commands

4. Regular Updates: Keep your community informed about new features

Security Best Practices

1. Verify Addresses: Always double-check wallet addresses

2. Confirmed Transfers: Wait for blockchain confirmation

3. Official Channels: Only use official bot commands

4. Report Issues: Report suspicious activity to administrators

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🆘 Troubleshooting

Common Issues

"Wallet Required" Error:

• You need to verify your wallet first

• Visit https://verification.tekools.app to verify

• Ensure your wallet contains the NFTs you want to trade

Collection Not Available:

• Collection must be verified for trading

• Administrators need to use /otc-verify-collection

• Contact server admins to request collection verification

"No NFTs Found" Error:

• Ensure you own NFTs from the selected collection

• Check that your wallet verification is current

• Verify the collection address is correct

Transfer Not Confirming:

• Ensure you sent to the correct escrow address

• Wait for blockchain confirmation (1-2 minutes)

• Use /otc confirm after the transfer is complete

• Contact support if issues persist

Listing Not Appearing:

• Verify your transfer was confirmed

• Check that you completed the /otc confirm step

• Ensure the collection is verified for trading

Fee Structure

Platform Fees:

• Small platform fee on each sale

• Creator royalties automatically distributed

• Fees clearly displayed before listing

Gas Fees:

• Sellers pay transfer fees to escrow

• Buyers pay transfer fees when purchasing

• Standard Solana transaction fees apply

Getting Help

• Contact server administrators

• Check #otc-listings and #otc-shop for examples

• Review this documentation

• Report bugs to the development team

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📋 Quick Reference

Command Quick List

/otc-setup              - Set up OTC trading (Admin)
/otc-verify-collection  - Request collection verification (Admin)
/otc list               - List an NFT for sale
/otc manage             - Manage your listings
/otc confirm            - Confirm NFT transfer

Trading Flow Summary

1. Admin: /otc-setup
2. Admin: /otc-verify-collection
3. User: Verify wallet at verification.tekools.app
4. User: /otc list → Select NFT → Set price
5. User: Transfer NFT to escrow wallet
6. User: /otc confirm
7. Listing goes live in #otc-shop

Channel Functions

#otc-listings  - New listing announcements
#otc-shop     - Browse and purchase NFTs
#otc-sales    - Completed sales notifications

Important Links

• Wallet Verification: https://verification.tekools.app

• Support: Contact your server administrators

• Documentation: This guide

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This guide covers all OTC trading system features. The OTC system provides a secure, automated way to trade NFTs within your Discord community. For additional support, contact your server administrators.