WE ARE EOG,
NEGOTIATIONS BY EOG
USING EOG SOFTWARE
All EOG contracts must by be physically settled according to Price, Terms, and Conditions agreed upon with your Counterparty.
CREATE A NEW PROJECT
To negotiate with another EOG member, if not already done so, you need to create a new Project by selecting the web page directory My Dashboard > Create New Project. A newly created Project is reflected in the OTC listings as an open offer or an open deal to the entire EOG market ecosystem to buy or to sell cryptocurrency. Deal terms embedded in your Project comprise of Project type (BUYING or SELLING), digital asset (BTC, XRP, etc), quantity of digital asset, settlement currency (USD, CAD, GBP), bank wire transfer (e.g. restricted to Canada only), price per one (1) unit, and terms and conditions. Once your Project is created, EOG members can accept your deal terms as they are (Accept Terms menu function), or negotiate with you by changing at least one term of the deal (Send Proposal menu function).
FIND YOUR COUNTERPARTY
Now that you have your Project, you need to locate your counterparty by visiting the web directory My Dashboard > View Open Offers listings page and finding a Project listing opposite to your own. To negotiate with another EOG member, simply open your counterparty listing from the main catalogue and click the button “Open New Negotiation.” On the next web page, confirm your counterparty, select your corresponding Project and hit the “Send Proposal” button in the menu attached to the bottom of your phone screen. Note, EOG will not allow negotiations with a counterparty having same type of Projects, eg BUYING and BUYING Projects.
SELECT BASELINE TERMS
Next you will be prompted next by a modal window to select which Project deal terms you would like to negotiate: the deal terms of your Project or the Project deal terms of another EOG member (your counterparty). This is a starting point for your negotiations, your baseline. Deal terms such as price and terms and conditions can all be negotiated, while certain deal terms fundamental to the Project such as quantity and fiat settlement currency do not change and are not open for negotiations. This is an important concept fundamental to our negotiation architecture. The deal terms of your Project are an open proposal or an open offering, representative of your need and desire to buy or to sell a specific quantity of cryptocurrency. While deal terms such as price, terms and conditions can all be negotiated, to respect the integrity of your open offering, deal terms around quantity of cryptocurrency, and settlement fiat currency are not open for negotiations. At any time you can update any deal terms of your Project including quantity and settlement fiat currency by going into your Project and editing these values.
NEGOTIATE WITH EOG MEMBERS
Using our negotiation software you can receive an unlimited number of offers on your Project deal terms, and in turn send an unlimited number of proposals. Negotiations are derived from the deal terms of your Project, meaning you can have multiple negotiations stemming from your Project. By accepting an offer from another EOG member, a contract is created which satisfies the negotiated deal terms of a Project. By accepting an offer from another EOG member, all offers and proposals which did not result in offer acceptance are declined and retracted, to ensure only one contract is created to satisfy the deal terms and not to result in over-commitment. As multiple negotiations are developed based on the initial terms of a Project, the first negotiation stream winning the offer acceptance race, is first to reach an agreement between the counterparties winning the entire contract. An incredible feature of EOG Negotiation Software. Next, let’s review a case study example of EOG negotiations.
CREATE YOUR CONTRACTS
Using our negotiation software you can receive an unlimited number of offers on your Project deal terms, and in turn send an unlimited number of proposals. Negotiations are derived from the deal terms of your Project, meaning you can have multiple negotiations stemming from your Project. By accepting an offer from another EOG member, a contract is created which satisfies the negotiated deal terms of a Project. By accepting an offer from another EOG member, all offers and proposals which did not result in offer acceptance are declined and retracted, to ensure only one contract is created to satisfy the deal terms and not to result in overcommitment. As multiple negotiations are developed based on the initial terms of a Project, the first negotiation stream winning the offer acceptance race, is first to reach an agreement between the counterparties winning the entire contract. An incredible feature of EOG Negotiation Software. Next, let’s review a case study example of EOG negotiations.
EOG CASE STUDY EXAMPLE
How to Buy and Sell Bitcoin and any other cryptocurrency with EOG.
EOG member Mike wants to sell 100 Bitcoin at $9,000 USD per 1 BTC with EOG. Mike only wants to deal with EOG members in Canada or the United States, and requires a settlement date of ten (10) business days after closing the contract.. To sweeten the deal Mike has his lawyer on standby and will pay all EOG and any out of pocket legal fees incurred by the counterparty during the settlement process.
CREATE A NEW PROJECT
Creating a new Project with EOG, Mike ENTERS the following deal terms:
Project type: SELLING;
Digital Asset: Bitcoin (BTC);
Quantity: 1,000 units;
Settlement Currency: United States Dollar (USD);
Bank wire Transfer: CA/US only;
Price per 1 unit: $9,000 USD;
Terms and Conditions:
“I have the following conditions: 1) Negotiating parties have to reside in the US or Canada. Bank wires have to come from a US or Canadian bank account.
2) I require a fast approaching settlement date of 10 business days after entering into contract. To speed up Settlement I have a lawyer on standby. I will pay the counterparty’s due diligence fees and any out of pocket legal fees incurred by the counterparty to complete settlement.“
A PROJECT IS AN OPEN OFFER
Once created, Mike’s Project is presented as an open offer to the entire EOG market ecosystem, and is listed in the web page directory My Dashboard > View Open Offers. An EOG member can accept Mike’s Project as is, without changing any of the deal terms, or alternatively send Mike a proposal to negotiate a new price and revise his terms and conditions. Mike can also send his own proposals linked to his Project. Its important to note, all Projects are initially created as Private Projects, where Private Projects are hidden from the OTC open offer listing. It’s up to the Project owner to post their Project as Public, which will be viewable by the entire EOG market ecosystem. At EOG we have thought of everything and you are in control of your negotiations.
SELECT YOUR COUNTERPARTY
Mike reviews the OTC Open Offers listing and finds a few corresponding BUYING Projects from EOG members which have somewhat similar deal terms, and wants to negotiate with two EOG Projects. First Project is by an EOG member buying 90 Bitcoins and settling with USD (Project ID #108TR); and second Project is by an EOG member buying 120 Bitcoins and settling with CAD (Project ID #85GF). Using the following web page directory My Dashboard > View Open Offers > Project ID #108TR > Open New Negotiations, Mike selects his counterparty Project and clicks the button “Open New Negotiations”. The next screen provides a confirmation of the counterparty and their corresponding Project, with a bottom style menu and key choices to Accept Terms as they are, or to Send Proposal and negotiate.
SEND PROPOSALS, RECEIVE OFFERS
Mike selects Send Proposal and on the next screen he is prompted to select the baseline deal terms for negotiations, meaning to negotiate deal terms of his counterparty (90 BTC, CAD settlement) or propose to the counterparty his Project’s deal terms (100 BTC, USD). Mike chooses to propose his own Project for negotiations (100 BTC, USD settlement). The next screen following the choice of baseline terms is the Negotiations Interface using the familiar SMS chat style format, Mike drafts his proposal, enters his price and revised terms and conditions. Since Mike is proposing deal terms of his own Project, he re-enters the price as $9,000 USD and adds to his terms and conditions as illustrated below.
Enter New Price: $9,000 USD; NOTE: Mike enters $9,000 USD, the same price as per stated in his Project. (Alternatively, Mike can enter a different price, which is lower or higher than the price depending on the current value drivers of Bitcoin at the time of negotiations)
Terms and Conditions: “My conditions above remain. If you are able to settle with USD lets negotiate a deal.” NOTE: At this point, Mike can add or revise any term as desired.
CREATE YOUR CONTRACT
Mike clicks Send Proposal button and his proposal is posted in the SMS style Negotiations Interface. Mike’s proposal is also reflected as a received offer with the counterparty. Following Mike’s proposal, negotiations develop a back and forth dialogue with three rounds of proposals, finally locking down the deal terms on the fourth round, where the counterparty accepts Mike’s proposal and a contract is created.
As Mike was negotiating with another EOG member, he received offers from four other EOG members, interested in making a deal with Mike. Each offer from another EOG member is its own negotiation path, private, anonymous, and independent from Mike’s other negotiations. First negotiation path to close the deal wins the contract, and as soon as a contract is created, all other negotiation paths which did not in a contract are automatically retracted.
YOU ARE IN CONTROL
Negotiating with EOG software is like competitive car racing, where first one to the finish line locks down the deal before the other party does. Negotiations take skill and practice, however we believe just about everything is a learned skill including negotiations. Negotiating using EOG software is a fun and engaging process where you are in control to negotiate the deal that you want and not the deal simply given to you by an Exchange or a Broker. There are many strategies available using the EOG negotiation software. Check out our Blog and Facebook page to learn more and to stay up to date on your negotiation skills.
TALK TO US
We want to hear from you!
Executive OTC Group is located in Calgary, with a global team of professionals working towards the EOG vision. Ask us a question. The better the question, the better the answer, the better the world works, and EOG. We are located at: Executive OTC Group Inc., 714-1121 6 Ave SW, Calgary, Alberta, T2P 5J4. We use Telegram App as the preferred method for all phone calls over WIFI. Our phone number is 1-780-394-3180 send us a text via Telegram. Anytime, send us an email: [email protected]
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EOG Bitcoin address: 32osTa8gYtZKxWn1qzZunh5h7FG57zqZ9r
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SIGN UP FOR FREE
Sign Up for a FREE account with no commitments! Using your smartphone, enter your name, email, and a password to access our EOG Sandbox OTC workspace in the next 30 seconds. Our sandbox workspace provides a safe and risk free environment to try out our software while the EOG compliance team completes your KYC (know your client) onboarding. EOG applications are MOBILE-FIRST, we do not optimize for tablet or desktop.
We support USD/CAD/GBP/EUR fiat currency, all cryptocurrencies, fiat to crypto and crypto to crypto off-exchange contracts, with NO MINIMUMS and NO UPPER LIMITS. Visit the EOG negotiation software web application directly at https://www.eogotc.app and create your FREE account.