ENCRYBIT: An Upcoming Improved And Secure CryptoExchange
Introduction
Cryptocurrency exchange platforms allows its users to transact various kind of tokens and coins. However, these exchanges are not problem free. According to surveys carried out recently, there are a lot of issues being encountered by the exchanges and its users.
There is a problem of poor security system, poor liquidity, high trading fees and lot more. These problems sometimes put users in risky positions. However, there is a new platform looking to offer standard solutions to these problems and thereby providing a perfect exchange platform for traders to utilize; Encrybit.
What Is Encrybit?
Encrybit is a cryptocurrency exchange platform that will create advance trading solutions for crypto assets traders to develop their trading tools. However, they are not planning to reinvent anything, but they want to reinforce the crypto assets trading process so as to provide traders with information and thereby revolutionizing and modernizing trading platform.
They will provide traders with an easy to operate interface that has sophisticated trading features and these features will be used to tackle most of the problems faced by traders on existing exchange platforms. The Encrybit main goal is to assure security.
Significant Problems Faced By Traders On Existing Exchange Platforms
Security: This is a major loophole that has been discovered on many exchanges through survey carried out by Encrybit. As at the time of creating this post, over 90% of crypto market trading volumes are on centralized exchanges.
This is surprising considering the fact that most crypto individuals seems to desire decentralized ones, but due to low and poor volumes on decentralized ones, users adopt centralized exchanges which exposes them to the risk of hack but still use it due to the better liquidity they offer.
Poor Liquidity: The crypto assets market is still very volatile, and this leads to a major shift in price during large orders. This is due to the fact that there is a limited amount of liquidity in the crypto market compared to the fiat market.
This is the reason why low level exchanges with 100BTC trading volume face supply/flow crisis. This causes a swing in the market and till now, no exchanges have been able to come out with a solution.
What Encrybit Will Offer To Traders
As stated earlier, security will be the major priority of the Encrybit project. When they conducted survey on some traders, they found out what these traders believe to be a modern first generation crypto assets exchange platforms and the top demand was security.
This made Encrybit to develop a multiple strategy to tackle security loopholes. They are creating a cold storage and multiple system protocol in what they believe will aid their transition into a new generation exchange platform. This multiple tier security will enable them to safeguard user's crypto assets.
Another unique feature of the Encrybit platform is their advanced built in technical analytics that will enrich a high level of TA capabilities. This feature is going to be extended to a large number of assets. Through this, Encrybit will help traders to set up an ideal trading surrounding which will also improve liquidity.
ICO details:
Private Sales— November 1st, 2018 and will run until December 3rd, 2018
Token Name — ENCX
Token price — 1 ENCX = $ 0.2
SoftCap — 5,400,000 USD
Hard Cap — 32,400,000 USD
Accepted currencies — ETH, BTC
Conclusion
The Encrybit Crypto Exchange platform will offer a simple, but reliable and advanced solutions. Their main objective is to create an exchange that the Cryptocurrency community adores and desires. They are predicted to provide the most complete, secure, limpid and joint exchange trading platform in the market. With Encrybit, there is a hope of bringing a new breath to the crypto community and break the “single profit” policy that is evident on most exchanges.
For Detailed information:
Website: https://encrybit.io/
ANN: https://bitcointalk.org/index.php?topic=5059240
Telegram: https://t.me/encrybit
Facebook: https://www.facebook.com/encrybitofficial/
White paper: https://encrybit.io/pdf/encrybit-wp-v1.pdf
My bitcointalk username: Kokoshayo
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2104177;sa=summary
Security is the major factor I consider before creating an account on a new exchange. No point trading where my funds are not secure. Encrybit looks like a good one.
Exactly sussan. Your point further portrayed the survey Encrybit made.
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