INTRODUCTION
The digital economy means the economy of activities that will be executed in digital technologies and we are at this point and we are going to the society of the future fully supported by the digital economy. We have seen that online shopping is offered every day for services and products that are made on the online platform. This is the proof of the modern society with which they are currently familiar with electronic commerce. where even the sale and purchase of necessities or items that work in ecosystems and online platforms are supported by the online infrastructure for commercial transactions with security.
The digital economy has its own position in commerce in the world of commerce, basically its existence will not be further reduced potentially in years. It's just a new way of trading. Transformed digitally in doing your economic activity. It makes sense of its potential growth year after year because economic activity can be separated by the amount of human growth year after year. When one of the human activities are doing economics activities.
That was proven by the joint research of Oxford Economics and Accenture. predicted that in 2020 the digital economy will contribute with a GGD product of more than $ 1.36 trillion dollars. What a fantastic contribution. The point has been raised in many forum economies around the world, as it will have a tremendous impact on the future that will change in the world of commerce. In 2012, the digital economy of the G20 countries to $ 4.2 trillion.
Times for times are transformed and serve as a digital economy someday. We can draw the conclusion. The economy is the main engine of the economy and the economy is offered within the digital economy.
A revolution in economic activities does not stop only in the form of economic activities. The demand also greatly increases the opportunities to use cryptocurrency in payment methods. The advantages of the cryptocurrency will make the acceleration of the growth of the digital economy increase the contribution of the highest number.
As we know, the cryptocurrency has a series of solutions that a currency can not do. from its independent value. I will mention as clear as I can relate to the cryptocurrency. It could be all of you already familiar and not. A decentralized applied cryptocurrency system that a bank can not interrupt its activity. totally without permission to use without bothering about regulation. The transfer of cryptocurrencies is safe and absolutely irreversible. guaranteeing security and uninterrupted, without giving access to anyone who cancels the transaction events. All registered and immutable recorded data transactions allowed everyone to access and view them. There are no central bank regulations. the blockchain utility as an intelligent contract created consensus rules that could be changed and agreed upon, as agreed by two parties. To be able to change based on two agreements. and about security, it is fully protected by the algorithm that events can be hacked or manipulated.
WHAT ARE THE PROBLEMS THAT ARE HAPPENING?
As we know. There is always contradiction because something is executing its purpose. Some country does not admit its existence. is beginning to be skeptical of this current condition. The times told us the situation and they kept growing.
Cryptocurrency or purchase directly by the owners of cryptocurrencies. So, we find the fact that some exchanges are not doing what they have to do. abusing the confidence of its participant to obtain a certain profit, and a contradiction with the decentralized platform that should interfere or be an intermediary in the ecosystem.
While bears are wreaking havoc in the cryptocurrency market, Coinbase's projected annual revenue will be around $ 1.3 billion, while commercial giant Binance is expected to generate almost $ 1 billion as profits. Even a medium-range exchange like Upbit and Bithumb is generating revenues worth $ 35 to $ 70 million.
For an exchange, revenues are generated as commissions for operations, appreciation and depreciation of their crypto holdings, list prices, withdrawal rates, etc.
Regardless of the fact that the volume of operations has dropped from $ 20 billion to $ 11 billion, the business model remains lucrative and has attracted new players throughout the year. The last participant in the batch is ProBit Exchange.
Recently, ProBit appeared on the newsbtc.com website and scored highly in the ico category. According to the White Paper, Probit aims to be faster than Visa with TPS of 1.5 million transactions. I felt to take a look at the new project and understand if it has the influence to face giants like Binance and Coinbase.
Problems with current exchanges
Platform speed
In any trading, speed is the key. In the first days, most of the new exchange will have no problems with speed. But once the new record grows, it slowly begins to affect the exchange's performance. The speed of the snail affects the user's general experience and creates an erroneous impression on the user's mind.
Badly designed UI
It is important that any exchange has a friendly and fluid interface for commercial purposes. The better the design, the better the trading experience will be.
Bad customer service
Since the cryptographic markets are aimed at a global audience, it is essential to have a good team that supports the customer when faced with a problem 24 hours a day. Most of the time it takes days or even weeks to recover a query that leaves investors in the dark.
Security
The most important factor in a cryptocurrency exchange is its security. Since these days, even the highest-rated exchanges are being pirated, it is essential to have state-of-the-art security to protect the users' funds.
ProBit Solution
According to the technical document, ProBit is ready to create a commercial platform with speed, security and a user-friendly interface in mind. The platform will be able to process 1,500,000 transactions per second, which will give its users a substantial advantage in the market.
Arriving at the security part,
ProBit will store 95% or more of the digital assets in cold purses to deter any hack.
All data will be encrypted with the strongest encryption algorithm.
ProBit will support the security of the FIDO U2F and 2FA hardware
ProBit will present a complete interface that is designed to be very easy to use. A modular dashboard with full customization option will be presented.
In addition to the above points, ProBit will provide users with a wide range of currencies and chips in the market and abundant trading pairs options. The platform is expected to have around 150 or more cryptocurrencies and several hundred commercial pairs. It will also have trading characteristics such as limit transactions (GTC, IOC, FOK, publication-only orders), market operations and stop limit operations.
TOKEN (PROB)
Similar to all other exchange tokens, PROB is the utility token issued by ProBit Exchange. PROB will be an ERC-20 token that will run in the Ethereum block chain with a fixed supply of 200,000,000.
PROB will serve as the backbone of the ProBit ecosystem. The main use of PROB is to pay the fees in the ProBit exchange. Apart from that, the holders of PROB will also be able to obtain benefits in
Discounts on the commercial rates according to the level (Standard, Sapphire, Emerald, Ruby and Diamond)
Voting rights to list new tokens.
Early access to new features.
Highest reference bonus (10% to 50%)
ProBit Ecosystem - Plans for the future
By the White Paper and Roadmap, as the platform matures, ProBit will present the following options
Margin Trading: For operators with a limited amount of encryption assets, Probit will offer the margin trading option to add more leverage and help them get more value out of their assets.
More currency pairs: Crypto is in its incipient stage. As the market matures, the new currency will enter the scene. Probit will make sure to keep updates from commercial peers according to market trends
ICO Marketplace Platform: In the future, ProBit will support the launch of ICO, which will include ICO's end-to-end service.
Marketing indexes and futures: ProBit is also reflecting on the idea of launching both the index and the future trading service. It will help merchants see Probit as a unique trading platform that provides an excellent trading experience.
There are currently around 227 exchanges that offer commercial services and we can see more players entering the market. The market continues to evolve, and traders are always looking for platforms that can provide them with better security and a healthy business experience. ProBit conforms to the law with low trading rates, hundreds of pairs of operations, unparalleled transaction speed, robust security and an elegant looking interface.
As a reviewer, I feel Probit scores in two main aspects.
Zero listing fees: which will attract more coins driven by the community, as well as new ICO projects (since the ICO market is broken, it will be a great relief for new projects)
Strong security features that ensure investors' funds are well protected (95% or more of the digital assets will be stored in cold wallets to deter any hacking)
However, ProBit is entering a domain that is already dominated by the likes of Binance, Huobi, Coinbase, etc. However, cryptography is in the initial stage and has enough space for new players to leave their mark. One of the factors that made Binance a great success is the mobile application that works perfectly. ProBit has an excellent web interface (demo view), and if ProBit can provide the same fluid experience in the mobile versions, they can quickly gain industry confidence and be an instant success.
From an investment opportunity, the exchange tokens represent a low risk investment in the current market (looking at the previous performance of exchange tokens such as BNB, HT, etc.). If ProBit can keep up with the established milestones and vision, I see no reason for the industry to accept ProBit as another excellent trading platform.
THE PROBIT TEAM CONSISTS OF EXPERIENCED PROFESSIONALS
Behind every project, there is always a great team of experienced professionals. Below you can see that the Teams of ProbitT project is made up of 7 people. They are experts and professionals in the various backgrounds. His capacity and specialization have been proven in several projects to start projects and have knowledge in blockchain. backed by their incredible experience will make the Probit T project always run on its right track
More information:
I knew that my review is far from complete. Surely there are many ideas related to the PROBIT project in your mind. For more information, visit their official website, as well as their official communication channels. Also, feel free to post questions and comments in the comment, so I can try to answer them.
Useful Information Links:
Website: www.probit.com
Twitter: https://twitter.com/ProBit_Exchange
Telegram: https://t.me/ProbitEnglish
Whitepaper: https://www.probit.com/assets/whitepaper/whitepaper_probit_en.pdf
Author's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1755292;sa=summary