OVERVIEW
As there are different types of cryptocurrencies emerging daily, there have been needs for different exchanges opening up to meet peoples immediate needs for transactional purposes, this brought us to what a cryptocurrency exchange entails.
Cryptocurrency exchange, Crypto exchange or digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid-ask spreads as transaction commissions for their services or simply charge fees as a matching platform.
We are having two main types of cryptocurrency exchanges namely Centralized and Decentralized exchanges.
. CENTRALIZED EXCHANGE: In the term "centralized cryptocurrency exchange," the idea of centralization refers to the use of a middle man or third party to help conduct transactions. Buyers and sellers alike trust this middle man to handle their assets. This is common in a bank setup, where a customer trusts the bank to hold his or her money. The reason for this setup is that banks offer security and monitoring that an individual cannot accomplish on his or her own. In the case of a centralized cryptocurrency exchange, the same principle applies. Transactors trust not only that the exchange will safely complete their transactions for them, and they also make use of the network of users in the exchange in order to find trading partners.
Examples of centralized exchanges are Coinbase/Gdax, Kucoin, Binance, Bitfines, Upbit. Etc.
. DECENTRALIZED EXCHANGE: This is the exact opposite of centralized exchanges. A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed. Examples of a decentralized exchange are forkdelta, tokenjar, etherdelta, mercatox. Etc.
ABOUT NEBULA EXCHANGE
NEBULA EXCHANGE 💱 is a limitless cryptocurrency centralized exchange with a unique and user friendly interface for customers convenience. The platform is structured and built with the sole aim of eradicating challenges and difficulties being faced by crypto enthusiasts in time past on different exchanges. The platform makes customers and users anticipated to trade on the platform as it very easy and convinient to navigate with little or no help. Nebula exchange is a one of a kind platform that is very secure, transparent, no hidden charges whatsoever and very reliable.
NEBULA exchange 💱 is a unique and interactive platform, whereby users can ask questions and get answers. The exchange will make use of fiat pairs with other cryptocurrency token for transactions during trading. The platform also provides traders to have the chance to trade top cryptocurrency and other cryptocurrency on the coin market capitalisation.
NEBULA exchange also encourages new and planning projects as they don't hike price to list a token or coin, a fair price for listing is usually charged unlike other exchanges that charges exorbitantly to list a coin or token.
NEBULA EXCHANGE REFERRAL PROGRAM
NEBULA EXCHANGE being an exchange that is after customer convinience and good service delivery created an ecosystem for rewarding and encouraging early users on the platform, through the referral scheme, which is usually 50 percentage commission of any transaction fee paid by the registered user's referral. The referral dividends is usually paid with the type of cryptocurrency used by trader during the transaction. Each new user is generated with a unique referral code and link automatically when they sign up on the platform, which encourages growth to the platform as more people gain rewards for inviting family and friends without any limit to the referral system.
ADVANTAGES OF NEBULA EXCHANGE
KYC/AML: The acronym of KYC/AML is(know your customer/Anti-money laundering) and is usually required for verification to prevent criminals from registering on the platform, as only people with good reputations will be verified on the platform. The KYC/AML verifications is usually fast and convinient without any inconveniences unlike some exchanges that takes forever to verify kyc documents.
SECURITY 🔐 : The platform uses the DDOS(Distributed Denial of service attacks) protection to secure funds and assets on the platform from hacks, bugs. Etc. The platform also ensures the user uses alphanumeric combinations as passwords during signing up and logging in, also combined with the popular Google authenticator, the two factor(2FA) as additional security so as to be sure it the actual owner of the account is logging in or making any transaction.
PEER TO PEER INTERACTION: The platform makes the exchange interactive enough for new users or old users to interact with one another, ask questions, make enquiries, connect with different people from all over the world 🌍.
NEWS SYSTEM : The platform provides an integrated news channel with an up to date news and information regarding the crypto markets and things happening all over the world. The news system platform also serves as an avenue for project developers(devs) to address and communicate to their community members.
SIMPLE AND FRIENDLY USER INTERFACE : The platform is designed to help users navigate, transact, withdrawals, interact and do everything on the exchange with little or nor stress whatsoever.
LOW LISTING AND TRADING FEE: The exchange charges less fee to list token/coin so as to encourage upcoming and new projects.
NEBULA APPLICATIONS
The NEBULA app makes it an alternative way to access the website, with same interface just like the website. The android version and apple store will be made available.
TOKEN DETAILS
Nebula token which is referred to as Nebula Exchange Star Credit "NESC" is an authorized utility token that will be utilized across the platform for transactions.
TOKEN SYMBOL: NESC
FULL NAME : NEBULA EXCHANGE STAR CREDIT
TYPE : ERC20
TOKEN PRICE: $0.40
PRIVATE SALE SOFT CAP: $500,000 (FIVE HUNDRED THOUSAND)
PUBLIC SALE HARD CAP: $20,000,000 (TWENTY MILLION)
ACCEPTED CRYPTOCURRENCY IN PUBLIC SALE: BITCOIN (BTC), ETHEREUM (ETH)
UPPER CAP ON TOTAL TOKENS GENERATED: $100,000,000 (ONE HUNDRED MILLION)
FUNDS ALLOCATION:
GLOBAL TEAM EXPANSION: 25%
MARKETING & PROMOTIONS: 10%
LEGAL & LICENSING: 15%
PRODUCT DEVELOPMENT & OPERATIONAL EXPENSES: 50%
TOKEN ALLOCATION:
TEAM & ADVISORS: 20%
PUBLIC SALE: 65%
BOUNTY & AIRDROP: 5%
PRIVATE PRE-SALE: 10%
NEBULA ROADMAP
TEAM
For more information and participation visit
Website : https://nebula.exchange/
Facebook : https://www.facebook.com/Nebula.exchange/
Whitepaper : https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Ann Thread : https://bitcointalk.org/index.php?topic=4583209
Bounty Thread : https://bitcointalk.org/index.php?topic=4583321
Twitter : https://twitter.com/Nebula_Exchange
Telegram : http://t.me/nebulaexchange
Article written by : Ogungbayi Busayo
Bitcointalk username : topiskybaba
Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=2295461