OVERVIEW
Since the invent of blockchain technology, developers have created thousands of cryptocurrencies which is focused on different sectors of the economy such as energy, agriculture, banking, shipping and so many others. Currently, the cryptocurrency market capitalization is worth over $610 billion. Despite the fact that the cryptocurrency market is still a growing market, there are more than 1500 cryptocurrencies today and there are still a lot more to come. However, these cryptocurrencies are faced with countless challenges such as listing on exchanges, difficulties in trading, high volatility, secure transaction, issue of storing coin and the high risk involved among others.
Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or sometimes for Fiat currency. A cryptocurrency exchange is a third-party platform from which one can purchase or trade Cryptocurrencies. A Cryptocurrency can simply be exchanged for Fiat or different Cryptocurrencies on an exchange. There are varieties of Cryptocurrency exchange depending on the type of services they give. They can be trading platforms, peer-to-peer exchanges or brokers. In determining an exchange, factors such as security, speed, fees, the process of buying, ease of use, effective customer service, etc. need to be analyzed.
INTRODUCING ENCRYBIT EXCHANGE PLATFORM
Encrybit exchange is the first research-based company, that has carried out so many research's and succesful surveys among over 12k cryptocurrency traders in over 167 countries. Encrybit exchange is on a mission to provide users with a simple, reliable and low-cost service to use, buy, sell, and trade various crypto assets, from range of countries. Encrybit token known as ENCX will be the utility token of the Encrybit platform.
Encrybit exchnage makes available to its users with extensive market research tools which include data analytics, trading strategies, trade signals, cryptocurrency news and so many others you can think of.
PROBLEM STATEMENT
There are so many cryptocurrency exchanges existing in the world today, and many of them accept crypto to crypto trading pairs. Here are some of the problems facing the crypto exchanges of today.
High Trading Fees: Popular exchanges can charge between 0.5% to 3% in fees.
Security: So many Exchanges do not have a strong security to protect users assets.
Poor User Interface: There are so many crypto exchanges that has a poor User-interface which makes it difficult for users to Navigate through the platform.
SOLUTIONS PROFFERED BY ENCRYBIT EXCHANGE
High Security: Encrybit exchange offers users with top notch security, and uses ISO/IEC (International Electrotechnical Commission) 27001:2013 CSS (Cyber security standards) and CCSS (cryptocurrency security standards) for platform infrastructure. ISO/IEC 27001 specifies a management system to bring information security under management manifest control.
Modern User Interface: Encrybit exchange has a well designed User interface that makes the trading experience enjoyable and convenient for Traders. The Encrybit UI/UX promises a trading experience like no other.
Multilingual Support: Unlike so many other traditional cryptocurrency exchanges, the Encrybit exchange will support so many languages such as Chinese, Japanese, Korean, Russian, French and Italian. New language support will be included depending on the number of users from a particular country. The Default Language of the Encrybit exchange will be English.
Transparency: The Encrybit exchange will make every operationcarried out on the platform transparent to every user, such as coin listing process, trading fee structure, airdrops and Bounties.
Withdrawal Fees: Encrybit exchange makes it possible for traders to pay 50% less if you pay your fees with the ENCX Tokens.
WHY YOU SHOULD INVEST AND TRADE ON THIS GREAT PLATFORM
Here are some of the interesting features of the Encrybit exchange
DEMO TRADING: This feature will allow users to trade on the Encrybit platform with virtual currencies, giving them the opportunity to practise different trading startegies and also explore the platform
STOP LOSS: This feature makes it possible for users to set trailing stop losses on their trades
MULTI-CHART LAYOUT: This feature makes it possible for traders to monitor different trading pairs on the same window. No need for minimization.
SCREENSHOT AND SHARE: With this feature you can screenshot your current trading window
CHAT AND DISCUSS: This feature allows traders to chat and discuss about trades and strategies
PROFIT AND LOSS REPORTS: Traders will be able to see the profit and loss reports presented in Business format.
SMART ALERTS: This feature allows traders to set notifications on price changes.
ENCX TOKEN
The ENCX Token is the utility token of Encrybit exchange platform. it is developed on the Ethereum Blockchain based ERC20 standards. ENCX will be utilized during the ICO, as a medium of exchange, and also coin listing. The Encrybit exchange platform will allocate 10% of the net profit in order to the buyback ENCX tokens every quarter, after the exchange must have fully launched. ENCX Tokens are ERC20 tokens on the Ethereum blockchain and thus requires an ERC20-compliant wallet to store and receive them, such as Imtoken, Myetherwallet (MEW), Eidoo wallet, and so many others.
ENCX TOKEN INFORMATION
Token Symbol: ENCX
Token Type: Utility
Platform: Ethereum (ERC-20)
Total Supply: 200,000,000 ENCX
Circulating Supply: 172,800,000 ENCX
Token Price: $0.2 USD
Soft Cap: $5,400,000 USD
Hard Cap: $32,400,000 USD
Accepting: ETH, BTC
PRIVATE SALE DETAILS
Token Available for Private Sale: 27,000,000 ENXC
Private sale Ends: DEC- 03 - 2018 (17 DAYS )
Accepting: BTC , ETH
DISCOUNTS
TOKEN ALLOCATION AND FUNDS DISTRIBUTIONS
TOKEN ALLOCATION
50% of Tokens for sale
2% Referrals and Bounties
2% Advisor
11% Encrybit
10% Founder
10% of Initial Investors
5% Team
10% of ongoing development funds
FUND ALLOCATION
30% Development
25% marketing
15% Administrator and Support
13% Security and Audit
2% legal
15% reserve
ROADMAP
TEAM AND ADVISORS
For more information and Participation please Visit
website: https://encrybit.io/
facebook: https://www.facebook.com/encrybitofficial/
Telegram: https://t.me/encrybit
Twitter: https://twitter.com/enbofficial
white paper: https://encrybit.io/pdf/encrybit-wp-v1.pdf
Helpful Articles Published by Encrybit exchange Team
https://medium.com/@enbofficial/high-withdrawal-fees-is-giving-a-hard-time-to-traders-435e31c7bdbe
Authors Details
Bitcointalk name: noma45
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2025710