Frictionless Deploys Private OTC Controller on Ethereum, Announces Soft Launch

Frictionless has successfully deployed its Private Over-the-Counter (P-OTC) Controller on Ethereum as part of its mainnet launch. Additionally, the platform has assumed full control of the admin controller contract from Linum, a move that the team describes as reinforcing its commitment to decentralization and autonomy.

Soft Launch at Web3 Amsterdam

Frictionless has officially commenced the soft launch of its P-OTC platform, engaging early users and setting up OTC trading volumes. The team reports strong interest from projects looking to utilize private trading channels, with ongoing efforts to refine and scale the platform in response to user feedback. Future developments are expected to include token-to-token trading pairs and additional customizable features.

In Image: Nelson (Advisor), Kevin (Ambassador, former BD), Madrid (Legal Guardian), Milan (Founder)

Exclusive Access for Raffle Winners

During this initial phase, access to the platform’s “switches”—a mechanism designed to facilitate private token trades—will be granted exclusively to select community members who won recent raffles. This limited rollout is aimed at ensuring a controlled testing environment before a full public launch.

Key Features of the P-OTC Platform

• Zero Market Impact: The platform enables token liquidations without affecting market prices, maintaining asset value and market stability.
• Non-Custodial Transactions: Users retain control over their assets throughout the trading process, aligning with Frictionless’ focus on decentralization.
• Private Trading Channels: Whitelisted trading channels offer confidentiality and a tailored experience for participants.
• OTC Switches: A customizable toolset designed for secure over-the-counter transactions among investor groups and token projects.

Looking Ahead

Following the exclusive rollout, Frictionless intends to gather feedback from initial users to further refine the platform before expanding access. The company remains focused on delivering secure, non-custodial, and market-stable trading solutions for token projects, treasury managers, and venture capitalists.

This deployment marks a significant step in Frictionless’ efforts to streamline private token trading while maintaining decentralization and security.