NEBULA: A Gem is Born

Before I delve into the challenges facing the cryptocurrency exchange and the solutions, lets refresh on what cryptocurrency is for the benefit of new comers to the cryptocurrency ecosystem. Essentially, cryptocurrency is a virtual or digital currency which is used as a medium of exchange, it uses cryptography to secure financial transactions.

Cryptography is the process used to check the creation of additional units, to manage the market and not let cryptocurrency market be driven wild.

Cryptocurrency exchange is platforms that makes it possible for the exchange of cryptocurrencies for another cryptocurrency or for fiat currency. In other words, it can be likened to stock exchange or currency exchange depending on the type of exchange.

Types of cryptocurrency exchange
Basically, there are two types of cryptocurrency exchanges, they are centralized and decentralized exchange.

Centralized exchange acts as an intermediary, like companies the act as middleman to facilitate trading on their platform. In other to provide these services, this exchanges charge fees on each trade carried out on its platform. Centralized exchange, act as the first point of contact to new traders.

Advantages of centralized exchange
• It is user friendly
• It has advanced tools
• It has high liquidity
• It facilitates transaction faster
Disadvantages of centralized exchange
• Funds are in control of the exchanges
• Know your customer (KYC) is required
• Faces down time or even hacking attack
• It is not anonymous

Decentralized exchanges are more private, and traders can trade anonymously compared to centralized exchanges that requires personal information and proof of identity before one can trade a high volume of cryptocurrency. The only disclosure of identity required, is that between the individuals conducting the trade.
Decentralized exchange does not have the feature for holding cryptocurrency for users, instead users are connected directly with each other, that means all the worry about security of your cryptocurrency been left on exchange is eliminated.

Advantages of decentralized exchanges
• Users are in control of their funds
• Fully anonymous
• Zero trading fees
• No KYC
Disadvantages of decentralized exchanges
• Not user friendly for newbies
• Slow transactions
• If your computer or account is hacked your money is gone

Shortcomings of cryptocurrency exchanges
Most cryptocurrency exchanges chiefly provide information on only price and volume date on trade. While those information’s are provided at different rate of sophistication, with some exchanges giving a deeper insight into their orderbooks compared to others and same provide access to charts with inbuilt tools, it is the responsibility of the user to do their own analysis with the available trading data on the exchange. The big challenging is that most trading decisions are made with no concrete information. For the investor to enter a position, they would like to combine the technical data they have gathered from an exchange with some if not all the following:

• Market sentiment on each trading pair
• News on each trading pair
• Macroeconomic view on the altcoin
• Clarity on security token

Introducing Nebula exchange
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Nebula exchange is a centralized cryptocurrency exchange that leverages on the shortcomings of existing cryptocurrency exchange. Nebula exchange platform will provide news, technical analysis, user reviews and P2P messaging, which makes it unique. Cryptocurrency market is still in its early stage, traders and new comers to the market need more than just price and volume information to make an effective call and Nebula exchange offers all this solution.

Unique features of Nebula Exchange
• Security: there have been many phishing, malware and cyber attacks on well known exchanges, security of funds is paramount for every trader. Nebula has the following in place to ensure safety of user fund;

DOSS protection from Cloudflare
2-factor authentication for login and withdrawals
Combination of Multi Signature Hot and Cold wallet
Audit of all smart contract
Security Audit and penetration testing by leading security consultants

• The platform is well equipped for seasoned traders and simple enough for newbie traders. Some of these features are;

It can register up to 1,000,000 transactions per second
Professional charts licensed from trading view
Limit, market and stop loss order
Up to 10x leverage with margin trading

• Nebula exchange provide a news platform which makes it a good source of reliable market information on its exchange. Also, the platform has a review system that makes it possible for the users to give five-star rating for every cryptocurrency on the platform.

• There is a referral system that rewards referees 50% of the transaction fees paid by the user their referred for a period of one year.

Revenue model
There will be three sources of income on Nebula exchange
• Transaction fee: 0.1% will be charged on all trades on the platform. All special offers are excluded e.g. NESC discount or referral kickback fees are subject to revision from time to time at the discretion of the management.
• Withdrawal fee: when users withdraw funds from the exchange, small fees is charged.
• Listing fee: listing fee will be charged for listing new projects.

TOKEN & TOKENSALE DETAILS
Token Name: Nebula Exchange Star Credits
Token Ticker: NESC
Token Type: ERC-20
Token Price: 1 NESC = $0.4
Accepted Currencies: BTC & ETH
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