This article entails vital information on how Nebula Exchange works and how Unique it is, in cryptocurrency as a whole.
What is Nebula Exchange?
Nebula exchange is a platform that allow customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies.
Nebula is absolutely unique and a virtual platfrom for the community that trade multi-currency specifically for the exchange of decentralized cryptocurrencies. Forexample; tokens can be traded using ETH, BTC, USDT, EURT, and FIAT pairings.
What is Cryptocurrency Exchange?
Cryptocurrency exchange is an exchange that serves as intermediary between traders that buy and sell coins.
What are the expectation a trader need to find in Nebula exchange?
In Nebula Exchange, a trader/investors should be able to focus on reputation, of which they are extremely safe and secured. Nebula has a very good ambition in the blockchain technology.
Now, lets look at the expectation and uniqueness of Nebula.
Reputation – The best way to find out about an exchange is to search through reviews from users. In these aspect, Nebula have laid a good and wonderful reputation for the benefits of the community to achieve their objectives and make profit from every trading they enhance on.
Fees – Nebula exchange have fee-related information on the websites to make sure every user understand deposit, transaction and withdrawal fees with a premium price.
Verification requirement - Nebula exchange trading platforms require some sort of ID verification like passport, driving license, national id card, in order to make deposits & withdrawals. Although verification can take up to a few days, might seem like a pain/frustration, but it protects the exchange against all kinds of scams and money laundering.
Advanced security - Nebula systems are encrypted and cannot be accessed without proper authorization from Nebula administration, It also have 2FA security. The project’s main assets, including user’s funds, are stored in cold wallets and cannot be accessed from the internet.
High speed are provided through superfast cloud processing core, internal trades are completed in milliseconds.
More cryptocurrency exchanges are dropping by the week. These exchanges serve as platforms for the trading of digital assets. However, due to the high liquidity rates of cryptocurrency, most investors are wary of just trading in any cryptocurrency. Since cryptocurrency exchanges mainly provide access to volume data and price, many investors have to make their own trade analysis and research in order to make near-accurate predictions. Although some exchanges may provide a little bit of insight through their inbuilt tools, these are not enough for investors to make accurate predictions. Furthermore, cryptocurrency exchanges are reluctant to trade in security tokens due to the ambiguity surrounding it.
What is Nebula Exchange
Nebula Exchange is a platform that's projected to solve these issues by combining a sophisticated trading platform with user reviews, technical analysis, news, and Peer to Peer network messaging, in a bid to induce a centralized or one-community trading solution. This cryptocurrency exchange is driven by a need to simplify the complexities surrounding cryptocurrency trading, and therefore, uses user-friendly interface for both new and veteran investors. In addition, this exchange aims to take charge of trading in security tokens, which are ignored by other exchanges. Since security tokens are projected to take over the majority of the total market cap of cryptocurrencies, Nebula aims to claim the abandoned niche.
Components of Nebula Exchange
Trading Platform. Nebula hosts a trading platform that provides in-depth analysis and complex insights for veteran investors, and yet, it's easy to navigate for the beginners. Nebula boasts of an amazing capacity to register over 100000 transactions per second. It also provides 10 times leverage with marginal trading and contains professional charts authorized by Trading View.
Security. Safety is always the first major point of call for any investor looking forward to trading on cryptocurrency exchanges. Furthermore, there's been increased rates of phishing and malware attacks on most cryptocurrency platforms. Therefore, Nebula had incorporated security measures like a 2-factor authentication for withdrawals and logins, by using a combination of both hot and cold wallets to ensure that user's funds are safe from security breaches. In addition, it uses Cloudfare's DDoS passwords.
Information exchange platform. Bitcoin talk and Github are some of the most popular information sharing platform on cryptocurrency. However, they are much misinformation on those platforms, due to the invested interest of the contributors. Such incorrect information might be dangerous to those looking to invest in certain digital assets. To curb these occurrences, Nebula has incorporated a review system into its trading platform. Users can write reviews on cryptocurrencies and the community will vote on the number of stars the review deserves. New investors can, therefore, check the top reviews for any information. By doing so, they stand a low risk of falling for pump and dump schemes.
Security Tokens and Utility Tokens. Nebula Exchange trades in both security tokens and utility tokens. It believes in the potential of security tokens in future markets. Simply put, security tokens are like buying shares in a company. In this form of tokens, users buy digitized equities in companies. Therefore, as the company's valuation increases, the value of the security tokens also increases. On the other hand, utility tokens are more popular and it's majorly traded on other cryptocurrency platforms. Holders of utility tokens have access to the service or product that the company is developing or has developed.
Nebula Exchange discovered some problems in the traditional crypto trading system and analyzed them this way:
▶Clarity on security tokens
▶Market sentiment on the particular trading pair
▶Analyst reports or price targets by other known traders
▶News on the particular trading pair
▶Macroeconomic views on the altcoin/cryptocurrency market.
BENEFITS OF NEBULA EXCHANGE
Nebula Exchange offers its users and investors many innumerable benefits. You can now trade on many cryptocurrencies of your choice and also discover new crypto projects that you might be interested to invest in. in addition, you can now converse with fellow investors and professional crypto traders.
This offers you the opportunity of learning what you might have been alienated from and also helps you and other investors contribute ideas on how best to scale hurdles in crypto trading. Indeed, Nebula Exchange is a “life saver” and you can now do what you weren’t able to do in the traditional crypto trading platform.
Nebula will be working with closely with other projects such as Polymath to create a compliant settlement system for security tokens. Nebular exchange also intends to use a significant portion of the funds generated from the ICO to acquire the licensing required to list security tokens from relevant regulators, put in place a thorough accreditation system and expand its presence geographically.
As I have stated, Nebula has a very rewarding referral system. Each user on Nebula would have a unique referral code that can be shared with others and when any user registers with this code, the referee is entitled to 50% of the transaction fee to be paid for a whole year. The main sources of income on the Nebula exchange platform are the Transaction fee, the Withdrawal fee and the Listing fee.
The Nebula Exchange Star Credit (NESC) will be Nebula's official Token. Users can pay transaction fees in NESC and also qualify for a 50% discount. Also, new listings will be required to be paid in the NESC tokens and all NESC tokens collected as listing fees will be burned.
For more information please visit the links below;
Website: https://nebula.exchange
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3642473.msg36660706#msg36660706
Twitter: https://twitter.com/Nebula_Exchange
Facebook: https://www.facebook.com/Nebula.exchange/
Linkedin: https://www.linkedin.com/company/nebula-exchange/
Telegram: http://t.me/nebulaexchange
Instagram: https://www.instagram.com/nebula_exchange
Author’s Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2234576;sa=showPosts