For investors hoping to exchange their well-deserved fiat money for the cryptocurrency, it is very necessary to search for a dependable exchange with a specific end goal to trade fiat to crypto or crypto to crypto. Exchanges are the passage point for investors who need to get into the cryptocurrency scene. Yet, not all exchanges give similar services and it’s critical to know the difference between the diverse kinds of exchanges.
Cryptocurrency exchanges are platforms that provide the users an avenue to exchange fiat to crypto or one cryptocurrency for another cryptocurrency. As it were, contingent upon the exchange, it is either similar to a stock exchange or a currency exchange.
These exchanges that enable clients to exchange cryptocurrency for different assets, for example, normal fiat currency like USD, or different like of cryptocurrencies like Bitcoin, Ethereum, Hydrogen and other cryptocurrencies. They can be market makers that normally take the ask/bid spreads as exchange commissions for their administrations or essentially charge expenses as a coordinating platform. There are different types of exchanges, they are;
Centralized Exchanges: Centralized exchanges are mediators, for example, organizations that go about as agents with a specific end goal to encourage exchanging on their stage. In exchange for giving users this service and charge fees for the middleman services rendered. Basically, centralized exchanges frequently go about as the first exchange tried by newbies when considering an exchange of cryptocurrency. Numerous people try to have an interface that can associate them with both cryptocurrency exchanging and the actual economy, and centralized exchanges provide that.
Decentralized Exchanges: also known as direct trading exchanges not require mediators for their task. Rather than matching buy orders and sell orders in an order book, a decentralized exchange works by coordinating the people behind those buy and sell orders. These exchanges offer direct person-to-person trading for individuals without the need for a middleman. The operation and maintenance of these exchanges are fully software based.
Cryptocurrency Brokers: These are sites where you can purchase cryptocurrency straightforwardly from the broker, who set their own particular exchange rates. They enable clients to purchase and sell cryptocurrencies at a value set by the broker. Coinbase is a case of this sort of exchange.
Cryptocurrency Fund: More or less what might as well be called a speculation portfolio, these are basically pools of professionally oversaw cryptocurrency assets which enable you to purchase and hold cryptocurrency. One such cryptocurrency fund is GBTC
Challenges faced by New and Existing Cryptocurrency exchange User
There are many exchanges all around the globe but these exchanges do not have sufficient tools to assist the crypto trader to make an accurate market decision. So, many traders are faced with a lot of challenges as seen below;
· The market sentiment by people in the social media channels of the company who owes the cryptocurrency could be a big challenge to the trader, as the trader cannot accurately decide on the market because of the sentiment of the investors who are doing every to make sure the cryptocurrency boom or the sentiment of people whose intent is to see the failure of the project.
· The question of accuracy of the News source about a project is a challenge. People who are bent on the failure of a particular project can disseminate false information just to cause a drop in the market value of the cryptocurrency for their personal reasons.
· Macroeconomic views of the media can be biased or misleading to potential investors. In some cases, noted experts write articles or post to praise certain project because they have paid to do so.
· There some many self-acclaimed Analyst and experts who claim to have a particular price target and they mislead their follower. Sometimes, most of them are pump and dump group who try to use their follower achieve their self-desired aims.
· The Marketplace for security token is presently not experiencing any form of progress as exchanges are not showing much willingness to support it or educate their user about it.
Taking all of the mentioned challenges into consideration, a team of experts have developed a solution to the challenges. This solution is called the Nebula Exchange.
Nebula Exchange
Nebula Exchange is a centralized crypto exchange aiming to be the first exchange platform to support the trading of security token. It is a user-friendly cryptocurrency exchange platform that will provide traders with news, technical analysis tools, users review and a peer to peer messaging system that will assist the trader in making accuracy trade decisions.
Features of Nebula Exchanges
1. State of the art trading platform: The trading platform is user-friendly and is very sophisticated enough to handle a high volume of activities simultaneously. It is capable of carrying out a million transactions in 1 second, traders can leverage of up to 10x in margin Trading and also features a lot of technical analysis tool to support the trade in making decision.
2. Information Sharing Platform: The Nebula Exchange incorporates a review system and reputation system where traders can write an article or post about any currency in the exchange and it is rated by the community members. Users with high reputation can be trusted in decision making because the community has review previous write up and TA from these users and has seen them to be trustworthy. The Nebula exchange platform will also disseminate accurate and verified news about currencies. The Community members can send private message to each other using the P2P messaging and Trollbox system.
3. Security: the most important thing a trader considers is the security of his assets. The light of all forms of security challenges faced by existing exchanges, Nebula Exchange has developed measures tailored toward combating any form of security breach. Some of the measures include
· Password combined with 2-Fator Authentication
· DDoS protection form Cloudflare
· Combination of multiple signature hot and cold wallet for proper storage of assets
· Security Audit and Penetration Testing by security experts
· Smart Contract Audit
4. Security Token and Utility Token: Traders will be able to trade either Security tokens or utility Tokens or both based on the jurisdiction and the regulatory requirement of the trade. Where Know Your Customer (KYC) and Anti-Money Laundering (AML) are required, trader will be asked to provide supporting documents. Nebula Exchange also supports the use of fiat currency. Fiat paring will be available in the exchange.
5. Affordable Listing: Nebula aims to given project with potential an easy listing opportunity. The one the major problems faced by some good project is the high cost associated with listing on the top exchanges and when this high listing fee is paid, this resulting in the shortage of funds required for proper development of the project. Nebula has partnered with over projects for listing as soon as it launches.
6. Referral System: Nebula Platform is a very rewarding program for its users. A referee gets up to 50% transaction fees of the person he/she refers. Referral code is available upon completion of registration.
Nebula Exchange Tokens
The Nebula exchange token is called Nebula Exchange star credits (NESC). It will be utilized in the exchange platform. It is an ERC20 which is built on the standard ethereum blockchain technology. Listing transaction fees will be required to be pay in NESC tokens. Users who pay their transaction fees in NESC will receive discount of up to 50%.
TOKEN INFORMATION
Name of token: Nebula Exchange Star Credits
Token Ticker: NESC
Type: ERC 20
Soft cap: $500,000
Hard Cap: $20,000,000
Total token supply: 100,000,000 NESC
Price: $0.4
TOKEN DISTRIBUTION
Roadmap
The Team
This project wouldn’t have come to existence without the effort put together by a group of experienced and brilliant minds listed below. They have brought the vision to reality.
For more information about Nebula Exchange, please visit:
Website: https://nebula.exchange/
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Facebook: https://facebook.com/Nebula.exchange/
Telegram: http://t.me/nebulaexchange
Twitter: https://twitter.com/Nebula_Exchange
Telegram: http://t.me/nebulaexchange
Ann Thread: https://bitcointalk.org/index.php?topic=4583209
Authors Bitcointalk username: Greenmane
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2234538