We are in an era where the internet seems to be the portal to the creation of amazing technological innovations, and these innovations have contributed to the improvement in the daily living of humans. One of such technical innovations to grace our technological community is the creation of the blockchain technology, which in turn gave birth to the creation of cryptocurrencies. These days, a lot of people are beginning to invest in cryptocurrencies because of the various benefits they offer, however, to invest in cryptocurrencies there is the need for cryptocurrency exchanges where digital currencies can be bought and traded, and to this end, a lot of crypto exchanges have been created to cater to the needs of crypto traders. However, a great number of these exchanges are selective of the type of cryptocurrencies that are allowed for trade, as many of the exchanges would rather trade the popular cryptocurrencies that have large market caps, while neglecting or rejecting cryptocurrencies with very low market caps, and this has further contributed to the abandonment of some projects because they could not get listed on these exchanges, due the fact that they could not afford the fees to get listed.
The Nebula Solution
Nebula is a cryptocurrency exchange created with the blockchain technology, and is intended to bring a change to the way neglected projects and cryptocurrencies are treated. Hence, rather than deal with only popular cryptocurrencies that have high market capitalizations, the exchange was also designed to allow users trade coins of orphaned projects that could not get listed on major exchanges because they could not afford getting listed on the big exchanges, also holders of coins with relatively low market caps will be able to trade on the exchange. This is a way to ensure that some of these projects get continuity in their functions.
Relatively Cheap Fees
Compared to other cryptocurrency exchanges, the Nebula exchange fees are cheap. Transactions on the exchange attract a 0.1% fee, listing and taker fees are also very cheap, which makes it easy for coins with low market caps to get listed on the exchange. Nebula is making moves to ensure that abandoned projects are revived, and traders can comfortably carry out transactions even with low market cap coins.
The system will function with a reputation system, where users will be able to rate different projects/coins for others to easily separate the good projects from the bad ones. Nebula is as transparent as it can be, and projects that have been rated highly can get rewards. Furthermore, due to previous cases of other exchanges getting hacked and losing millions worth of cryptocurrencies, Nebula has ensured that its security system is topnotch, and one of its security features includes the use of the multi-sig system for carrying out transactions, and the exchange also employs the use of a cold storage wallet, as a security measure to store digital assets offline.
Nebula Token
Nebula tokens will be the powering factor of the nebula exchange. The tokens will conatantly be in demand because of the factors made available by the nebula team. The tokens will consantly be in demand because of the following reasons:
- Listing fees will be paid in nebula tokens.
- Trading fees will be paid in nebula tokens and these tokens will be burnt afterwards.
- Quaterly buy back of the nebula tokens from exchanges by the nebula team. Acquired tokens will also be burnt.
Token information
Token Type: ERC20
Token Name: Nebula Exchange Star Credits
Token Ticker: NESC
Token Price: USD 0.40
Total supply: 100,000,000 (75% for token sale)
Nebula exchange will be the choice exchange for projects with a low market cap. Since listing amd trading fees will be very cheap, there will be a great influx of tokens that wants to get listed. Low cap coins will also be given a chance to be seen by traders and potential investors. This is going to be a very structured abode for traders.