ABOUT CRYPTO CURRENCIES AND EXCHANGES
Cryptocurrency has its evolution known in 2009 when the pseudonymous developer Satoshi Nakamoto created Bitcoin which is still the most popular cryptocurrency to date. Since then, we’ve seen so many projects on the blockchain putting up their own coins/tokens there providing necessary needs on the blockchain and help solving solution as some projects are there to provide a solution to real-life problems. Since 2009 when Bitcoin came into existence and other projects also, the need for exchanges became pressing as crypto users will always want to trade their tokens for other tokens or their tokens for FIAT and vice versa.
Over the years, we’ve seen some exchanges come into existence both centralized and decentralized exchanges. We’ve also seen some failed project due to lack of better plans, poor team and lack of funds.
Despite the availability of exchanges, crypto users still find it difficult to trade some of their tokens for another or for FIAT for some reasons, and a couple of those reasons can be; High exchange deposit fees, high withdrawal fees, high trading fees and also not forgetting some of the tokens in their wallets that cannot be traded yet because they are not listed on any exchange due to high listing fees charged by exchanges.
Some of the existing exchanges are also faced with security issues and low-quality developers which are supposed be placed as one of the important things to note when running an exchange platform. Market manipulation and delay in the transaction is also a problem which doesn’t only affect users of the exchange but affects the crypto market in general.
Seeing that the crypto space is gaining more and more attention in the world, The Nebula exchange team has come up with great plans to put up an exchange that will help crypto users exchange their tokens and help solve some of the problems faced with other exchanges.
INTRODUCTION TO NEBULA EXCHANGE
The Nebula Exchange is a unique centralized exchange platform that combines a state-of-the-art trading platform with news, user reviews, technical analysis and P2P messaging to provide a one-stop community centered trading platform. The Nebula exchange platform will be the first exchange to provide support for security tokens.
It is true that we have a large number of exchanges competing for volumes and the Nebula team is aware the more reason why Nebula is coming with its own uniqueness and the fact that it will provide support for security tokens this will make Nebula exchange set the pace for other exchanges.
WHAT NEBULA EXCHANGE WILL OFFER
In terms of trading, Nebula exchange will be able to record up to 1,000,000 transactions per second, there will be the availability of the limit order, market order and stop loss order. There will be the availability of all transaction history which can be exported, professional charts licensed from trading view will also be a feature in terms of trading and more features which can be seen in the white paper.
In terms of security, Nebula Exchange will be able to keep its users safe with the following measures; DDoS protection from Cloudflare, 2-factor authentication for login and withdrawal, security audit and penetration testing by leading security consultants and more.
Users will also have their designated private message box where they can freely connect with other users and gain more information.
With the creation of the Nebula Exchange review system, anyone will be able to write a 5-star review for every currency within the platform, users can also find a trustworthy reviewer to get trade strategies so as to avoid pump and dump scheme. We can call this an added advantage.
The Nebula Exchange news system will provide users with verified and accurate information on listed projects and other important information concerning cryptocurrency instantly.
In terms of FIAT pairings and Security Tokens, Nebula Exchange will use funds realized during ICO to gain license required to put up FIAT pairings and listing of security tokens.
In terms of coins listing, this is no doubt one big challenge for new projects as many of the existing exchanges usually put up a high listing fee thereby making it difficult for projects with low funds to list their tokens and this will make tokens stay in traders wallet for as long as the tokens are yet to be listed. Nebula Exchanges promises an avenue for projects with good future that will pass due and diligent process to list their coin/token at an affordable fee. In addition, Nebula Exchange platform has already partnered with over 40 projects for listing at exchange launch.
Nebula Exchange platform has got a referral system which is a highly rewarding system and each registered user on the Nebula Exchange will have a unique referral that can be shared with incoming users and once this code is used, the referee is entitled to 50% of the transaction fees paid by the referral for a complete year.
Other important points to note based on the Referral system
After the launch of the Nebula Exchange, referral code must be entered at the point of an account creation.
There is no limit to the number of referrals a user can have.
Referral bonus will be 50% of the transaction fees paid by the referred user.
Referral bonus will be credited in the same token/currency in which the transaction fee was paid.
Referral bonus will be applicable on all transaction fees paid for one year only.
ADVANTAGE OF CENTRALIZED EXCHANGES OVER DECENTRALIZED
In decentralized exchanges, trading volume tends to below as it is not a user-friendly platform but in centralized exchanges, trading volume tends to be high as it is easy to use so most crypto enthusiast finds it easier to trade tokens there.
In decentralized exchanges, there is no liquidity provider and trading speed can be slower at times because it’s dependent on the blockchain but in centralized exchanges, there is higher liquidity and trading is very fast.
Decentralized exchanges carry on basic features thereby making it hard for newbies to use but in decentralized exchanges, there is a dedicated team to enhance user experience.
In decentralized exchanges, there are no FIAT pairings but in centralized exchanges, there are FIAT pairings.
Seeing the numerous advantage of the centralized exchange over the decentralized exchange, Nebula Exchange has decided to go with the centralized exchange as it will provide users with a better experience beyond trading a team to always handle operations.
THE NEBULA EXCHANGE TOKENS (NESC TOKEN)
The Nebula Exchange platform will also create its own tokens which will be known in the symbol as NESC. These tokens will be sold during ICO and the total number of tokens created will depend on the total funds raised during ICO.
THE NEBULA EXCHANGE TOKEN INFORMATION
Token Name: Nebula Exchange Star Credit
Token Type: ERC20
Token Ticker: NESC
Token price: USD 0.40
Private pre-sale soft cap: USD 500,000
Public Sale Hard Cap: USD 20,000,000
Upper Cap on Total Tokens Generated: 100,000,000
PROJECT TIMELINE
TEAM AND ADVISORS
For more info about Nebula Exchange, visit:
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
Twitter: https://twitter.com/Nebula_Exchange
Telegram: http://t.me/nebulaexchange
Authors details
Username:bl3zzy
Profile llink:https://bitcointalk.org/index.php?action=profile;u=1328702