NEBULA EXCHANGE: Low Listing and Trading Fee Cryptocurrency Exchange

in #cryptocurrency6 years ago (edited)

Introduction

Check the coin market cap, you will notice cryptocurrencies are being added on a daily basis. ICOS are being conducted every day. As at today, there are over 1500 cryptocurrencies in the market. Few are useful, many are not.
I’m presenting to you a new cryptocurrency that has a real use case right immediately after ICO completion. It has been designed to present solutions to the problems experienced by cryptocurrency traders. I present to you NEBULA EXCHANGE.

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What is Nebula Exchange

Nebula Exchange uses the power of blockchain technology to provide an efficient, secure and a user-friendly crypto trading solutions. There is a high demand for cryptocurrencies now and the rate at which users sign up on crypto exchanges is alarming. News had it in January, 2018 that cryptocurrency exchanges like Binance and Bittrex get sign up request of over 100,000 users which led to some exchanges shutting down fresh sign ups.

Nebula Exchange a unique cryptocurrency exchange/trading platform that combines a state of the art trading platform with technical analyses, news, user reviews and a peer2peer messaging to provide a one stop community centered trading solution. It is their believe that modern cryptocurrency exchange shouldn’t be about just price and volume information, there is a lot that needs to go to make traders make good and smart trading decisions.

Nebula Exchange will bring this solution and aim to be one of the first crypto exchange that will support security tokens.

Problem with Existing Cryptocurrency Exchanges.

  1. Complex interface: some of these exchanges are not designed for newbies as they have a complex interface which poses as a great barrier for easy understanding of how it works.
  2. No fiat: some does not have fiat option for crypto purchases. For one to get his favorite altcoin, one needs to send BTC or ETH from one exchange to another to make the trade. This process results in high transaction charges or fees.
  3. High trading fees: most of this exchanges charge high commission on trades. Some charge as high as 0.2% of trades which is a lot if you know how much trades is going on at a time.
  4. High listing fees: Big exchanges like Binance and Bitfinex don’t list low cap coins or coins with shallow order books hence they only list coins that has potential to attract large scale traders and high profile buyers.

The Nebula Exchange solution

Nebula Exchange offers a solution to the existing problem by offering small fees across trades. According to the team, the exchange was built to support projects that couldn’t afford the high listing fees charged by other exchanges which range from $50,000 to $500,000 which is hardly possible for new cryptocurrencies and blockchain projects.

Nebula Exchange is aiming to take over the niche of listing small projects with their minimal trading fees of 0.1% of trades and lower listing fees.

Why Nebula Exchange

There are over 100 cryptocurrency exchanges in the market with good and not so good features. Aside the low trading fees and listing fees for low caps cryptocurrency and blockchain projects which I think is an amazing option, here are other reasons why you should choose Nebula exchange. All the features and options will help to boost the value of Nebula coin.

Security

Prominent exchanges have suffered waves of phishing, cyber and malware attacks. The one that still lingers in the memory is the Coincheck exchange hack where $530 million worth of NEM was stolen.

Security is paramount in any cryptocurrency exchange and the Nebula Exchange team is putting up measures to make sure users fund is secured and safe. The safety features includes;

  • DDoS protection from cloudfare
  • Audit of all smart contracts
  • Password combined with 2FA for login and withdrawals
  • Security audit and penetration testing by leading security consultants
  • Combination of multi signature hot and cold wallets will be used to ensure users fund is accessible and remain safe.

Trading platform

The exchange will be designed and developed to amuse pro traders and simple enough for new traders to use with no hassle. Some cool features are deployed which include;

  • Ability to register up to 1,000,000 transactions per second
  • Limit, market and stop loss orders
  • Professional charts licensed from TradingView
  • Multi sig wallet with 24/7 monitoring
  • Exportable trade and order history
  • Up to 10x leverage with margin trading

Information sharing

To stay ahead of your game and your peers as a cryptocurrency trader, you will agree with me that you need information and you need it fast before the word gets out. At this point, where do you source for your info.

Social media is awash with a lot of information and new however, must of the time, this news are not always reliable. The Nebula Exchange will provide the information you need on your favorite cryptocurrency. There is various system to share this information, this includes;

  • Review system

Here, anyone can leave a 5-star review for every currency, this can also be accompanied with price targets and Technical Analysis (TA). All reviews are collated and viable by every user. You can follow an honest reviewer if you see fit and get notified immediately they drop a review or analyses.

  • Reputation system

This system is to guide against following wrong info or signal on the platform. As a new user on the Nebula Exchange, your Reputation Point starts with 0, so as you give honest reviews and helpful trading signals, you earn points as other users appreciate your help. You also earn points from every referral, followers, daily login and thumps up you get on your review. The “Thank” features will also be deployed to help govern the review system.

  • News system

Every financial market reacts to news, either positive or negative. On Nebula Exchange, you will get unfiltered information right from the source. A dedicated channel will also be created where listed projects will make announcements. This is to ensure that traders get unfiltered information from their favorite projects.

  • P2P messaging and Trollbox

Here, you can share your opinion with other like-minded traders in a chat box. All users will be able to send a personal message to another users or converse with other users in the multi-language troll/chat box.

Affordable listing

As earlier discussed, new projects find it hard to list on a quality exchange because of the exorbitant fees that this exchanges charge. Nebula Exchange will give this projects a chance to get listed on their exchange with a reasonable fees as long as they pass their due diligence process.

This is to give the Nebula Exchange community to have access to these promising projects and affords project developers to use their funds to develop their project rather than spend all on listing.

Referral System

Nebula Exchange has a very rewarding referral system as you get to earn 50% of your referrals trading fee for a whole year. Every user has a unique referral code which they share and use to refer new users to the platform.

For example, if user A refers user B and the accumulated trading fee of user B for a whole year is $100. This means user A will earn 50% of $100 which $50 as a reward.

Token

The official Nebula token will be the Nebula Exchange Star Credit (NESC). The NESC is Ethereum blockchain (ERC 20) based.

NESC Token Utility and Buy-Back

  1. Users can pay their trading fee in NESC and this means they would qualify for a 50% discount in fees. This discount is subject to changes in the future and NESC earned will be burned.
  2. New listings fees will be paid in NESC tokens and this tokens will be burned.
  3. There will be a buyback at every quarter. 25% of all profits made by the exchange will be used to buy NESC token and this token will be burned. There will be an announcement before each buyback.
  4. When half of the original NESC token issued has been reached, all token burn will be stopped.

ICO details

Token symbol: NESC
ICO supply (private & public): 100,000,000 tokens
Soft cap: $500,000
Hard cap: $20,000,000
Price/Conversion rate: 1 NESC = 0.4 USD
Projected crowd sale date: TBA

Roadmap

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Conclusion

The Nebula Exchange is a special centralized digital trading network that sports the latest trading tools and hopes to be the destination for all community traders who need fast transactions and efficiency.
It is also an exchange in which the general crypto community should embrace because of their low trading fees and listing of promising projects that finds it difficult to list on other exchanges because of their exorbitant fees
ICO investors are also catching a gem by investing in the project as the token will be much more valuable with the utility, buyback and token burn.

MY OPINION; BULLISH

More Resources

Website: https://nebula.exchange
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3642473.msg36660706#msg36660706
Twitter: https://twitter.com/Nebula_Exchange
Facebook: https://www.facebook.com/Nebula.exchange/
Linkedin: https://www.linkedin.com/company/nebula-exchange/
Telegram: http://t.me/nebulaexchange
Instagram: https://www.instagram.com/nebula_exchange/

"Author"
BTT Username: Miracle24
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1231391

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