trading OTC to DEX CEX looks profitable
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I have a goal of creating a investment DAO for gamers to get passive income from and to fund it for one year while I'm finishing up planning and other work on it and the 80K I'm invested in SPL myself excluding equity in the company just in game assets.
My general idea is have the DAO start out in SPL and build up non SPL market making and SPL mkt maker bots designed to make the bsc,eth,other mkts as well as trade BTC otc via gift cards the spread is 20% on 500 lots to max 1500. Ill make 50 bucks every time using paxful and 20 bucks buying the 500 dollar cards each lol. My cash back card makes more than the fee in cash back lol. If i can take a 20% spread from people who want anonymous transactions or untraceable then ill gladly provide that service for 1000-3000 under spot on btc lol.
Going to test out the OTC trading today and there is one buyer buying at 10% discounts with gift card pmt visas and needs a steady supply so going to tell him i can be the supply and see what his volume needs are and if there big and I can make 70 bucks on every 500 card and then another 50 when i use the btc to buy back a gift card the same way and use my card software to key it in and charge it and get the cash to then repeat and if there is a steady buyer ill be able to do it and make 10% on one side bc i will just dump it in DAI or cash in a brokerage waiting to invest to get more margin. If the volume is good and the netowrk i am going to create for people who want to anonymously sell or buy anything here locally a network of bankers that are willing to buy gift cards and immediately get the cash with a reader and then send the btc using a smart contract that is programmed to register and cash out the card and if one side does not fulfill the trade then both lose the 100% collateral to me if it was a deliberate thing if it was a mistake money is just returned and the trade is unwound if possible and bc the amounts are small one trade wont kill you if you had to eat it lol. If the US is more restrictive later then that will be more important to get the infrastructure built out with bankers all over who pay me a commission and are identified by there eth ENS only and they use the gift cards and things to buy things or cash it out themselves though a portable reader to get the profit by using a friend to bill them the amount they want out or family and you can have a completely anonymous decentralized network of people willing to process anonymous transactions for a on off ramp and make it low fees compared once volume picks up on it like keep it at 5% or something commission net then add the extra from cards and do a few trades a day and you make a decent amount. If you do 10 trades or just 5000 in volume you would make 700 bucks a day at 5000 a day in trades. If there is a buyer miner that is selling needs a reliable high volume source ill do it cheaper even like 7-8% to secure all the business lol.
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