Terms of Service

OTC is a protocol on Solana that turns trading fees into assets for the people holding its products. Two run today. A launcher, where a coin’s trading fees are claimed and spent on tokenised equity for the people holding that coin. And desks, which are NFTs that receive a share of protocol revenue in the same assets.

More will follow, and these terms are written to cover them. Where a section describes a product by name it describes that product; where it describes how the protocol claims fees, holds them, and pays them out, it applies to anything the protocol does on the same model, including products launched after the date at the top of this page.

Coins launched here are created on third-party venues — pump.fun and Meteora — and trade in their pools, in most cases against tokenised equity issued by third parties. We do not operate those venues, issue those assets, or control either.

Most of what happens is on chain and signed by your own wallet. Some of it is not, and section 4 says exactly which parts, because that distinction is the one that matters if something goes wrong.

Nothing here is investment, financial, legal, or tax advice, or a recommendation to buy, sell, or hold anything. Not the listings, the charts, the market caps, the reward figures, the dividend page, or anything we or anyone else writes on the site. We are not your broker, adviser, or fiduciary, and using the platform does not make us one.

When you buy or sell, the transaction is built in your browser, signed by your wallet, and submitted to Solana. We never hold your keys. A confirmed transaction cannot be reversed by anyone, including us.

We cannot recover funds sent to a wrong address, signed into a phishing site, or lost to a compromised wallet or extension. Check every transaction before approving it. Your keys and seed phrase are entirely your responsibility.

Several flows pass through wallets we operate, and we would rather name them than have you discover them. All of these addresses are published on the docs page and you can watch every transaction they make.

None of this makes us a bank, exchange, custodian, or deposit-taker. We do not hold an account balance for you, there is nothing to withdraw, and outside these flows your assets never touch our wallets.

A coin launched here charges a creator fee on every trade. When it is claimed we split it: 67.5% buys the coin’s chosen asset for its holders, 2.5% covers the rent of the accounts those holders are paid into, and the rest funds the desk pot, the buyback, the dividend, and the protocol. The current split is published in the docs and shown in the launcher before you launch.

We can change the split for future claims at any time. Fee rates set on chain at a coin’s creation are permanent and cannot be changed by us or by the creator.

Three things on this platform pay out today: coins pay their holders in tokenised equity, desks receive a share of revenue, and OTC holders receive SOL. Read this section carefully, because it defines what they are and are not — and it applies in the same way to anything the protocol pays out in future, whatever it is called and whatever it pays in.

They are mechanical features of how the software works. They are not an investment product, a dividend in the corporate sense, a revenue share, a yield product, or a security. Holding any of these assets gives you no contractual right to any payment, any amount, or any schedule.

Figures on this site describing what has been paid are historical. They are not a promise, a projection, or a basis for expecting anything in future.

Payouts can be delayed, reduced, or stopped at any time, and have been. They depend on third-party pricing and routing that can fail, on liquidity that may not exist, and on software that has had and will have bugs. Assets bought for holders have been delayed in reaching them. Eligibility rules, thresholds, schedules and exclusions can change, and certain wallets — including ones we operate and supply that cannot be sold — are excluded from distributions.

The programs themselves can be changed or discontinued for the future at any time.

If you are buying any asset here because you expect to profit from our efforts in running this, do not buy it.

Wallets we operate transact on the platform in the ordinary course: converting fee revenue between assets, executing payouts, buying and burning OTC, and managing treasury. We may hold OTC and coins launched here, including at the same time as we operate the mechanisms that affect them.

Buybacks described on this site are historical. They are not a commitment to future purchases, can be started, stopped, or changed without notice, and may support OTC’s market price above where it would otherwise be. OTC does not represent a right to revenue, buybacks, or any distribution.

Coins here are paired with, and their holders are paid in, tokenised assets issued by third parties. That describes the market and the payout asset, and nothing else.

A coin paired against a tokenised stock is not stock and is not a derivative of stock. It is not collateralised by, redeemable for, or a claim on any share or company. It does not track and does not promise to track any price. It confers no ownership, dividend, voting, or other right against anyone.

We do not issue, custody, redeem, or guarantee any of these assets, and we are not affiliated with any exchange, listed company, broker-dealer, or issuer. A coin’s name, ticker, or image is chosen by whoever launched it and means nothing about what it legally is. The underlying assets carry issuer, custody, redemption, and de-pegging risks entirely outside our control, and if the issuer freezes an account or an asset stops trading, payouts in it stop.

A desk is an NFT. Minting one costs a deposit, which is spent rather than held for you — it is not refundable and there is nothing to redeem it against. A desk receives a share of protocol revenue in the assets in rotation at the time, subject to everything in section 6.

A desk must have an open token account for each asset in the rotation before it can be paid in that asset, and opening those accounts costs rent that the holder pays. The rotation can change. A desk that has not opened an account for a newly added asset is skipped for it until it does.

Desks can be sold on secondary markets we do not operate. Everything a desk has accumulated transfers with the NFT.

Anyone can launch here. We do not vet, audit, or endorse coins, creators, or anything they claim, and a listing is not evidence that something is genuine or safe. Scams, impersonation and rug pulls are known risks of permissionless launch platforms. Verify independently.

We reserve the right to hide or remove any listing, restrict any coin’s access to platform features including payouts, and refuse any launch, at our discretion — particularly for suspected fraud, impersonation, manipulation, or legal risk. Hiding a listing removes nothing from the blockchain.

When you launch a coin you supply its name, ticker, image, description and links. You grant us a worldwide, royalty-free licence to display, reproduce and distribute that content in operating and promoting the platform. You promise you hold the rights to it, and that it does not impersonate any person or organisation or infringe anyone’s trademark, copyright or other rights.

Do not use OTC to break the law. Do not manipulate markets, including wash trading and launching coins designed to deceive buyers. Do not attack, probe, or attempt to exploit the platform, its workers, or its integrations. Do not use it to evade sanctions or launder money. We can restrict or terminate access for any of this without warning you first.

You may use OTC only if you are of legal age where you live and only where doing so is lawful. You may not use it if you are located in, incorporated in, or resident in a jurisdiction subject to comprehensive sanctions, or if you appear on a sanctions or restricted-party list. We may restrict access from any jurisdiction at any time.

Whether any of this is lawful for you — including whether a coin, a desk, or a tokenised asset is treated as a security or a derivative where you live — depends on where you are, and knowing that is your responsibility.

Coins launched here, especially new ones, can be extremely volatile and illiquid. Prices can go to zero quickly, without warning and without recovery. Thin liquidity means small trades can move prices violently. Only risk what you can afford to lose entirely.

The platform depends on infrastructure we do not control: Solana, pump.fun, Meteora, Jupiter, RPC and pricing providers, and the issuers of every asset it pays out in. Any of them can have bugs, exploits, outages, or errors, and so can we. Prices, charts and figures shown here can be delayed or wrong. Do not trade on them as though they were guaranteed accurate.

The platform and everything on it is provided “as is” and “as available”, without warranties of any kind, express, implied or statutory, including merchantability, fitness for a particular purpose, and accuracy.

To the fullest extent the law allows, we accept no liability arising from the platform or anything launched, traded, or paid out on it — including lost funds, lost profits, lost data, and indirect, incidental, special, consequential or punitive damages — however caused, even if we were told it was possible.

Some jurisdictions do not allow some of these exclusions, so parts of this may not apply to you. Nothing here excludes liability that cannot legally be excluded, including for fraud or wilful misconduct, or limits a consumer right the law says cannot be waived.

If we are sued or fined because of your coin, your content, your trading, or your breach of these terms or the law, you will defend us and cover the losses and reasonable legal costs. “Us” includes our entity, operators, employees and contributors.

When these change we will update the date at the top, and for material changes we will post a notice on the site. Changes apply from when they are posted and are not retroactive. If you keep using the platform after a change takes effect, the new terms apply to you. If you do not agree with one, stop using the platform.

If part of these terms is unenforceable, the rest stands. Not enforcing a term is not waiving it. You cannot assign these terms; we can, to a successor of the platform. Sections 4 to 9, 15 and 16 survive termination. These terms are the whole agreement between us about the platform.