CAC OTC is an App that allows users to create OTC trades using CosmWasm Smart Contracts written in Rust to trade native IBC tokens (e.g. ATOM, OSMO...) and CW20 tokens (e.g. WYND) in a permissionless way. By sending funds to a Smart Contract and specifying a price, a user can wait for another user to accept his offer. The contract will then send the funds accordingly.

The contract is public (in our repo) and has been thoroughly tested. On top of that it's very simple, so yes. You can check it out and confirm it's the one on chain by downloading the wasm code and comparing it with the optimized version of the one in our repo to see that they match. In any case, if you don't feel comfortable sending a big amount in one go, you can just create multiple smaller trades.

Hop into our Telegram channel and tell us what you want to trade and we can add it to the platform in a matter of minutes (either IBC or CW20 tokens)! There is no listing fee or need to create a pool or something similar. We just add the token information to the platform and people can start trading it.

On the trade page, you can click on the big "+" button and input both the amount and currency that you want to offer and the amount and currency that you want. This will open a trade under the "Open trades" for 48 hours (to avoid spam). Anyone can come and accept your trade paying the price that you've input. The swap fee is 0.1% but is only paid by the buyer. You'll receive the full amount that you asked for!

There is a small 0.1% fee of your original amount for the buyer of the trade. Example: I create a trade to sell 10 ATOM for 50 JUNO. If someone comes and accepts my offer, I will receive the entire 50 JUNO but the buyer will cover the swap fee and receive 9.99 ATOM. However, if you decide to cancel the trade you'll have to pay the commission fee.

Yes, you can cancel your trade up to 7 days after listing it (this is to keep the UI clean of forgotten trades) covering the 0.1% commission fee. However, you can ONLY cancel the trade IF nobody has accepted it yet.

Open trades will be listed for 24 hours (you can see how much time remaining in the card), the rest will last for 7 days just to keep the UI clean.

No, we are an App built on JUNO as we see more interest of people to trade the CW20 tokens of projects on JUNO. If we see a lot of users or more interest in a different chain we can eventually support other chains as well.

No, funds are traded p2p through a contract. There is no slippage so both of you will receive the amount shown no matter the size of the trade.

For the sake of keeping the contract simple, and using the same for both IBC tokens and CW20 tokens, and for security (to keep funds of different users separate at all times) we decided to do it this way. Basically: the first transactions instantiates an empty contract and the second transaction sends the funds to that empty contract. We are aware that we could have done it in 1 tx, but we want to keep funds separate at all times.

No, there is no mobile version and the UI doesn't even work on mobile so don't bother.

If the platform succeeds and there is interest in it. We plan on adding free NFT trading (without any fees) once the interchain NFT upgrade is completed.

CAC is a community project. We are not funded by anyone even though we know the ecosystem is throwing money left and right on anything. We'll keep updating and creating more Apps as long as there is a big community that is interested in them. You can join the community by joining our Telegram channel (the most active one) or following on Twitter. Just click on the top-right icon for the details. If you want to actively support us you can send a donation to either one of these addresses (include Donation in the Memo if possible!):

JUNO: juno1ep2umj6kn34g2ttjalsc5r9w8pt7sv4xnsvmdx
ATOM: cosmos1ep2umj6kn34g2ttjalsc5r9w8pt7sv4x9z0q26
OSMO: osmo1ep2umj6kn34g2ttjalsc5r9w8pt7sv4xdeusug

Ask us directly on Telegram. Have a good day!