Gazotc is a decentralized OTC platform where traders manage assets through smart contracts and place orders. Users can freely withdraw assets without trading, without being controlled by the platform or any third party. During the transaction process, assets can only be transferred between both parties. If there is a dispute, a decentralized arbitrator will replace the centralized customer service to resolve the dispute. The platform currency GAZ will be used for trading deposits and arbitrator deposits. The platform conducts real name authentication and AML through a third-party KYC certification agency. User sensitive information is stored in a smart contract through hash encryption, and the project party does not save any user information. Both parties in the transaction contact through third-party social software or asymmetric encrypted private messages. The platform charges transaction fees, mainly used for repurchasing GAZ and destroying it.
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