What is eterbase?
ETERBASE is the first regulation-compliant European cryptocurrency exchange, offering fast, secure trading on a clean, powerful, user interface. ETERBASE is engaged in the process of building a robust and fully compliant platform that offers a broad range of B2C and B2B cryptocurrency-specialized solutions. These include a high-frequency trading platform capable of real-time spot trading and margin trading, over-the-counter trading, and high frequency server hosting with a direct-market access and incentive system for market makers. Platform legalization procedures
IBAN (international bank account number) is used for international payments. Since January 1, 2007 year, all European Union banks can't accept payments whose account number does not match IBAN. That's why Eterbase applied for the creation EMI (electronic money institution). With the help of EMI it will be possible to issue numbers for the IBAN). EMI is a license for issuing electronic money. This license is necessary for production, release of own quasi-currency. Client accesses his digital assets using IBAN and a debit card wherever they are accepted. Thus, not bank controls assets, namely the user.
Features and functions
Central to any exchange venue is a trading platform, typically a central limit order book on which counterparties’ orders are matched. Market fragmentation in the cryptocurrency space and increased market complexity impose a set of peculiar operational challenges.
The core systems of the exchange must be implemented using a tested technology to avoid socalled ‘flash crashes’ and market glitches, which are a frequent occurrence on today’s crypto markets. Features In addition to all the features that you would expect from Europe’s premier digital assets exchange, ETERBASE also offers:
Zero Fees
Zero fees for market makers and takers (subject to XBASE balance).
Compliance
Regulatory compliance and coordination with the FMA and top legal firms.
Low Latency
Ultra-fast trading within a highly scalable modular architecture capable of millions of transactions per second.
Transparency
Third-party cold storage and regular external security audits.
Bank Grade
FIAT integration with IBAN accounts and Euro pairings.
With your own IBAN and debit card, you will be able to access your digital assets in a store, at the airport, or anywhere else debit cards are accepted. You, not a bank, control your assets.
Membership token
ETERBASE membership is based on ourERC20-compliant token, XBASE, which represents different levels of access to the ETERBASE exchange platform. Membership tokens can be redeemed for discounts, products, and services available through the exchange.
Although XBASE tokens might be tradable, they are not an investment, currency, security, commodity, a swap on a currency, or any other kind of financial instrument. The only possible utility is at the sole discretion of ETERBASE AG and the tiered membership program, which can be changed or terminated at any time at the discretion of ETERBASE AG.
ETERBASE AG will utilize any direct or indirect proceeds or benefits from donations, contributions, exchange, or trading of XBASE at its sole discretion.
Token Details
TOKEN NAME : ETERBASE
CODE : XBASE
TOTAL TOKENS : 1 000 000 000
TOKEN DETAILS : ECR-20 ETHEREUM BASED TOKEN
Token Sale Start Date Aug. 8, 2018
Hardcap: 24,000 ETH
Total supply: 1,000,000,000 XBASE
retail Price: 0.00005 ETH
High-quality centralized platform
Decentralized exchanges that many people consider ideal, in fact, are not as ideal as they seem, and they also have problems. One of decentralized exchanges problems is not ability to serve a large trader and also lack of compliance with regulatory requirements. Therefore, it is necessary to work hard to improve such exchanges. The developers of Eterbase platform want to offer absolutely legal, transparent high level tools. Huge advantage of project is speed of transactions. By deploying multi-core processors, platform will process millions of transactions per second. Such indicators are likely to satisfy the requirements of traders and trading community as a whole. It should also be noted that in addition to direct access to the market, Eterbase special marketing program based on ETX token, which will allow to trade even with a negative commission. Traders who own ETX token will have a wide range of opportunities. It turns out that the project offers a practically closed exchange circle, which is suitable for any trader; and for a beginner and for an experienced professional.
Roadmap
Q4 2017
ETERBASE is established in Liechtenstein.
Q1 2018
1 mil. EUR initial capital raised from founders and VCs.
Q3 2018
Launch of the BETA Crypto-to-Crypto exchange.
Q4 2018
First round of Token Distribution Events.
Q1 2019
Application for E-Money Institution license in EEA.
Q2 2019
Launch of the Crypto-to-FIAT exchange.
Q4 2019
Launch of iOS and Android applications.
Q1 2020
ETERBASE issues its own version of pre-paid debit cards.
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Author : bitmattrix88
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