Review: Nebula Exchange - The next generation Trading cryptocurrency

in #nebulaexchange • 6 years ago (edited)

ABOUT:
Nebula Exchange is an unique centralized cryptocurrency exchange platform that combines a state-of-the-art trading platform with news, technical analysis, user reviews and P2P-messaging to provide a one-stop community trading solution. We believe that in the nascent stage that cryptocurrency markets are, traders, especially new ones, need a lot more than just price and volume information to make decisions. Everything you need to research a coin will be available on Nebula Exchange.

Nebula, a cryptocurrency exchange which aims to provide support for cryptocurrencies that struggle to find affordable listing, will launch by the end of March with a unique reputation system.

On major cryptocurrency exchanges like Binance and Bitfinex, it is difficult to find cryptocurrencies with small market valuations and shallow order books, because large cryptocurrencies tend to list cryptocurrencies with the potential to attract high profile buyers and large-scale traders. As such, cryptocurrency traders rely on exchanges like Huobi and OKEx for small market cap coins.

According to the Nebula development team, the exchange was built specifically to support orphaned projects that could not find affordable listing. It will be able to support cryptocurrencies and blockchain projects left out by major cryptocurrency trading platforms. Some exchanges impose a listing fee in the range of $50,000 to over $500,000, which is realistically not possible for small cryptocurrencies and blockchain projects to afford.

With a 0.1 percent fee and small taker fees with lower listing fees, Nebula is eyeing to take over the niche market of orphaned projects and small cryptocurrencies, which most exchanges have overlooked in the past two years.

Uniquely, Nebula also allows users and traders to rate projects with a reputation system, similar to how products are rated on e-commerce platforms like Amazon. Scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects.
Projects with high ratings will be rewarded by being advertised on the front page of the exchange, giving more exposure to traders and investors on the trading platform. A large interactive nebula cloud with 20 distinct stars will have the logos of the top 20 volume cryptocurrencies.
The majority of investors and traders in the global cryptocurrency market has criticized many exchanges, even large-scale trading platforms, for failing to transparently disclose the structure of their companies and legal registrations. Nebula Exchange, a fully Know Your Customer (KYC) compliant exchange with margin trading, is registered in Singapore with a company called ChainTrade, which already have a commercial businesses of its own that enables the trading of commodities on the blockchain such as food and raw materials.

In light of recent security breaches and hacking attacks, such as the theft of over $530 million worth of NEM from Japanese trading platform Coincheck caused by the usage of hot wallets, Nebula implemented a robust multi-signature system to protect user funds and operate a cold storage wallet to store the funds of traders safely, offline.

A CRYPTOCURRENCY TRADING PLATFORM FOR THE NEXT GENERATION:

  • Multi-Currency - Multi-Currency Trade your favorite tokens using ETH, BTC, USDT, EURT, and FIAT pairings.
  • Safety Features- We deploy industry leading safety measures to keep your funds safe.
  • Security Tokens - Nebula will be one of the first exchanges to allow the trading of security tokens.
  • Be Heard - Voice your opinions on various tokens using our 5-star review system.
  • Reputation System - Earn Reputation Points (RP) and get rewards for referring friends, writing reviews and helping the community.
  • Margin Trading - Trade with up to 10x leverage on selected pairings.

NEBULA EXCHANGE ADVANTAGES:

  • Leverage. Nebula Exchange will allow for users to trade with up to 1:10 leverage through the use of derivatives, which can be quite attractive for more dedicated traders and is a service similar to that of many regulated forex brokers who offer margin trading on cryptocurrency CFDs. The nice thing about Nebula Exchange is that a client can use their account both for buying and selling cryptos and for leveraged trading.

  • Demo. There is a nice demo of Nebula Exchange’s trading platform, with charts from TradingView, depth of market, order book, etc.
    https://app.nebula.exchange/user/login

  • Fiat trading. Nebula Exchange will also offer the option to buy and sell cryptocurrencies for fiat – EUR and USD, with a simple KYC procedure and secure deposit options.

  • Wallet. Nebula Exchange will also offer a multi-signature wallet, with the option to store, send and receive cryptocurrencies.

  • Coins. Although we could not find a definitive list of the coins available for trading on Nebula Exchange, we notice that there will be some more obscure tokens and altcoins that seldom appear on other exchanges, if at all, in addition to the popular ones like Bitcoin, Ether, etc.

  • Proposals. In the light of Nebula’s intentions to offer a platform for obscure coins, developers have the option to propose their coin for listing, by filling in a brief form on the site.

  • Ratings. Traders will be able to vote and rate the various projects and coins on the exchange, similarly to products ratings in online stores like Amazon. Thus scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects. The altcoins and projects with high ratings will be rewarded with free advertising on Nebula’s front page.

  • Security. Nebula promises multi-signature encrypted cold storage of client funds, in order to prevent hacks and thefts.

  • Mobile apps. In addition to everything else, Nebula promises the launch mobile application for Android and iOS devices that will enable clients to trade on the go. This is still in the works, though.

NEBULA EXCHANGE DISADVANTAGES

  • Beta. As we already said Nebula Exchange is still in beta mode and cannot be used for now. It allows sign-up, but it only adds you to a waiting list for a private beta that is yet to be launched.
  • Timeline. There is no definitive timeline about when Nebula Exchange is planning to launch its full operations, except some vague promises to do so in April 2018, made on its Facebook page. According to previous reports in NewsBTC, the exchange was going to launch in March, but obviously it has been postponed.

CONCLUSION

Nebula Exchange looks very promising and will have some really nice features, as long as it finally launches its operations. For now it is only making promises and postponing the start.
We find the low fees particularly attractive, as well as the possibility to invest in obscure, but promising crypto projects, which are not listed elsewhere. We also like the leveraged trading option.
What we do not like much is the fact that there is no detailed information about the option to buy and sell cryptos for fiat and the deposit methods, but hopefully this will be clarified once Nebula launches.

TOKEN SALE INFORMATION:

Token Type: ERC20
Token Name: Nebula Exchange Star Credits
Token Ticker: NESC
Token Price: USD 0.40
Funding Rounds, Dates, Qualification for Participation

PRIVATE PRE SALE
Soft Cap: USD 500,000
By invitation from Team and Advisors
Coming Soon
PUBLIC SALE
Hard Cap: USD 20,000,000
Open to public
Dates: TBA
Bonus by week of participation

Excluded Countries
United State

Indicative token alocation:

  • Private sale: 10%
  • Public sale: 65%
  • Team & Advisors: 20%
  • Bounty and Airdrop: 5%
    Alocation of funds raised:
  • Product Development and Operational Expenses: 50%
  • Global team Expension: 25%
  • Legal and licensing: 15%
  • Marketing and promotion: 10%

TEAM:
The team, led by CEO Vincent Jacques and CMO Nathan Collins, have significant trader and entrepreneur experience, and are confident that it can address the concerns, requirements, and demands from the cryptocurrency community.

More infomation:
Website: https://nebula.exchange/
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=3642473.0
Bounty: https://bitcointalk.org/index.php?topic=3642569.0
Telegram: http://t.me/nebulaexchange
Facebook: https://www.facebook.com/Nebula.exchange/
Twitter: https://twitter.com/Nebula_Exchange

Author:
Bitcointalk Username: vancuongdbj
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1667647
Telegram: https://t.me/vancuongdbj
Email: [email protected]

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6 years ago in #nebulaexchange by
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