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With the upsurge in the number of digital currencies after the creation of bitcoin some few years ago, there is an increasing acceptability of these digital currencies globally. A lot of sectors are already making use of the blockchain technology on which the bitcoin was created, this includes sectors like finance, agriculture, entertainment, health, sports, power etc. A lot of projects under these sectors are springing up by the day to take advantage of the blockchain technology to further revolutionalize the world.
The need, therefore, arises for a platform where these digital currencies can be traded.
An exchange is a digital marketplace where digital currency traders conduct buying and selling of the different digital currencies against other digital currency or traditional fiat currencies. Existing exchanges are either centralized or decentralized and every project requires a good functioning exchange to achieve its objectives.
A decentralized exchange is one that involves direct trading between users without the interference of a third party. This is usually characterized by a slow transaction process as it depends on the speed of transaction on the blockchain.
A centralized exchange is a far more efficient trading platform the involves a third party of a dedicated team to facilitate smoother transactions.
There is a lot of decentralized exchange platform on which digital currencies are traded and many are being built daily but all faced with several challenges ranging from charging exorbitant listing fees and outrageous transaction fees. Also, users are faced with a number of difficulties which result in major loss of investment for users.
The many existing digital currency exchanges on which assets are traded provide users with limited information that is not sufficient enough to give the user an encompassing experience to make the best trading decisions. It is, however, a very difficult task for newbies in the crypto world to trade digital currencies on existing trading platform where you can only find information on the price and volume of the asset. The challenges are however not limited to digital currency traders alone as developers are also faced with the following challenges:
• High listing fees: many of the existing centralized exchanges, especially the big exchanges, charge the developers a high fee in order to list a coin, this causes a lot of developers to abandon their project and result in investors losing money.
• Market manipulations: pump and dump actions carried out by whales on some centralized exchanges to manipulate the market
• Delisting coins with low volume: a lot of exchanges delist coins with low volume after some time without giving the coin adequate room to grow causing the developers to not only lose a place for their coin on the exchange but also lose the listing fees paid.
With these challenges facing digital currency exchanges, Nebula exchange is born to provide an all-encompassing exchange platform that provides the users with all the necessary information to make a successful trade. Users will not only be provided with just trading charts as news, technical analysis, peer to peer messaging, user reviews will be incorporated to give users a satisfactory experience.
Some Key Features of the Nebula Exhcnage include:
• Nebula exchange will provide crypto to crypto trading pair as well as crypto to fiat pairing.
• Nebula exchange will ensure Audited of all smart contracts to guarantee the continued safety of the platform.
• Nebula exchange will combine password with 2-Factor authentication to make the platform extra secure for users and protect members funds.
• Nebula exchange will provide time to time security check to keep the platform safe.
• Nebula exchange will provide an affordable listing price for promising projects to list on the platform.
• Nebula exchange will give 50% discount on trading fees to holders of the Nebular exchange token NESC
Token Allocation;
Allocation of Funds;
With these features, Nebula Exchange is poised to eradicate the challenges facing the digital asset market and bring about a turnaround for digital currency trades.
Team and advisors
For more information visit:
Website: https://nebula.exchange
White paper: https://nebula.exchange/wp-content/uploads/2018/04/
Telegram: http://t.me/nebulaexchange
Facbook: https://www.facebook.com/Nebula.exchange/
Twitter: https://twitter.com/Nebula_Exchange
Authors Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1551533
Authors Username: sleekie