ENCRYBIT: THE NEXT GENERATION ULTRA-MODERN EXCLUSIVE EXCHANGE

mickeyberry (42)in #encx • 5 years ago

Every day we see knew emergence of exchanges and some of these exchanges have not really sat down to ponder deeply over the security of their funds (most especially the centralized exchanges), liquidity issues, pairing problem, customer's satisfaction in terms of speed in transactions and not to exclude the nightmare faced by traders with customer supports, exorbitant withdrawal and deposit fees, prolong Know Your Customer(KYC) like BiteBTC whose KYC takes over two months for partial verification (never heard of it until I tried it) and only heavens knows when it will be fully verified), and many more. About 40% of crypto traders are unconfident about the security of their assets on some exchanges. Why because of cyber theft, the hacking and sudden lock of their assets. All these and many more have placed most traders in a state of dilemma not knowing which exchange is more secured. However, I will introduce you to Encrybit primary a research-based firm, that has undergone an all-encompassing, exclusive analysis on investors and their sentiments through several successful surveys amid over 11,000 plus crypto investors. You may want to ask what is and why Encrybit?

LET'S GET TO MEET ENCRYBIT?

Encrybit is an emerging exchange platform that is focused on developing an exclusive faultless exchange. Encrybit has done an unimaginable research that has to do with the investor's feelings and flaws faced in most exchanges, the research is all about what the crypto space needs when it comes to activities on exchanges – a user-friendly platform that will give effective experience. They came up with a rewarded survey which was the initial evaluation survey in the month of April 2018 and the second survey was in the month of July 2018, and the aim was to inquire about challenges faced by the traders and their anticipations from the cryptocurrency exchanges. More details can be found in the Ecrybit blog
The outcome of the survey shown a glorious light on Encrybit an insight and knowledge on how to architect their platform for a better and exclusive exchange that will give traders and investors a faultless user-friendly experience void of all the hurdles faced in the present exchanges. The assessment survey made by Encrybit in July 2018 confirms the results that:

40% of participants attest that security is a core issue;
37% of participants attest that exorbitant trading fees are the highest hurdle;
36% of the participants also said that absence of liquidity is a concern;
22% of the participants criticized a lack of cryptocurrency pairs preventing good quality trading choices;
21% of the participants prove that current exchanges are not user-friendly and have a non-interactive platform user-interface;
18% of the participants also said that most exchanges incur high withdraw fees;
and lastly 9% of the participant said that they do not have any concern with existing exchanges.

Encrybit's core purpose is to structure and develop the next generation Cryptocurrency Exchange, that will be a user-friendly exchange and offers advanced trading features such as: Comprehensive purchase book, transparent policies, demo trading, multi-tier security, intelligent alerts, reduction and revenue reporting, purchase history of multiple amounts, multilingual customer support, devoted consumer representation, smart public trading, trading rewards, marketplace statistics, and analysis updates. What this video about Encrybit trader's demand and expectations

CHALLENGES

The major portal for buying and selling cryptocurrency is the exchange's platform which offer tools for analyzing technical and vital aspects for better trading options. These trading tools are mostly not found in most exchanges, while those that have these tools have very few of it and are clumsy with a feeble chart section. Another major issue faced in most exchanges is with the excessive trading and withdrawal fees which do not exclude deposit fee in some exchanges. These fees affect the actual profits that were to made by the trader. Most exchanges fail to engage their users with news, analysis for professionals, educational activities, rewards. Like the saying goes "all work without play makes Jack a dull boy?" this implies that the exchange platform is not the only place for trading but for other activities that will engage traders. There are many more problems scaring cryptocurrency traders which you can find in here

SOLUTIONS

The Encrybit Exchange Platform is focused to solve the aforementioned problems and more to it thereby providing an environment that is faultless to traders for trading experience and securing their users by engaging them with various activities and other useful tools that trader's needs.
Encrybit will provide a substantial amount of features, TA tools, giveaways and analysis from professionals in the trading space. The users will have all the requirement they need in a single page, there won't be a necessity to switch tabs or use third-party software via their APIs. The need for paying the monthly membership fee with sites like Conigy will be no more.
Encrybit platform opinion is to be the one-stop platform for all classes of traders, who want to trade their cryptocurrency on an exchange that is secure, educated, convenient and user-friendly.

ENCRYBIT'S MAIN FEATURES

Comprehensive order book;
Social trading feature;
News and the educational segment;
Application of TA tools;
Encrybit Lottery with three-monthly extractions;
Token Burning focusing to burn 50% of the total supply;
Multi-layer security;
Multi-data centers, and Watchdog algorithms;
Smart alert;
Multilingual customer support and many more.

COMPETITORS AND CONTRAST

The main competitors, bearing in mind the diverse features are:
One of the dominant cryptocurrency exchange is Binance exchange, Huobi, and Bittrex among others. However, Binance is seen as the best with a skilled team. Binance exchange reached huge profits thereby becoming the unsurpassed cryptocurrency exchange platform in 6 months from its initial coin offering. In spite of these huge profits, Binance still has some dearth such as the social trading, comprehensive order book, and comprehensive user-friendly interface. All these lacks are in the main feature of Encrybit platform.
eToro exchange is a well-known platform where the platforms charges are on the high side, and the traded cryptocurrencies are not the precise cryptocurrency you think you're purchasing, in its place, you are purchasing a CFD that is a contract and not the actual cryptocurrency. When registering on eToro's platform they evaluate your knowledge of CFD contracts.

ENCRYBIT TOKEN INFORMATION

The Encrybit token "ENCX" is the fuel of the Encrybit ecosystem, It will be usee as a means of transactions with diverse uses in various tasks and fees. ENCX will determine the exchange revenue model with trading, it will be used for listing fee.

NAME: ENCRYBIT TOKEN
TICKER: ENCX
PROTOCOL: ERC-2O
TOTAL SUPPLY:270,000,000 ENCX
PRICE PER ENCX: $0.2 USD
ACCEPTED CURRENCIES: BITCOIN (BTC), ETHEREUM (ETH)

TOKEN SALE AND ALLOCATION