NEBULA EXCHANGE: THE ONE OF A KIND EXCHANGE

emmy92 (42)in #exchange • 6 years ago

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INTRODUCING THE CRYPTO SPACE AND CRYPTOCURRENCY EXCHANGES

Blockchain technology has revolutionized this current era as can be seen in almost all platforms such as Finance systems, Healthcare systems etc, while on the other hand, the introduction of cryptocurrencies has changed the way we see, handle or store money.
The first blockchain technology Bitcoin, ushered in the world of cryptocurrencies, ever since then, the crypto space has been waxing strong with each passing day. Individuals can send or receive cryptocurrencies from anywhere in the world without issues, nor be thinking about transfer charges or geolocation restrictions. Several cryptocurrencies have been invented as a study has shown that there are more than 1,000+ coins and token in coinmarketcap with each having a unique purpose. These purpose goes with the issues the coin or token in question aims to solve, thus it's relevance in the crypto space.
In order to acquire these coins or tokens led to the creation of cryptocurrency exchanges. With one exchange not having all coins led to the creation of more exchanges, each unique in its own way.
Even with all these good track records, about the crypto space with reference to cryptocurrency exchanges, a study has shown that there are underlying problems which tend to limit the true effectiveness of this industry (cryptocurrency exchanges), thus, leading to the creation of several exchanges, but yet, the underlying issues still persist.
My friend said " a project can only be termed unique and great if it solves a pressing human need", I believe this could be the driving force which led a team of experts into creating an outstanding project, unique in all ramifications, a great project known as NEBULA EXCHANGE.

WHY NEBULA EXCHANGE?

As earlier stated, challenges lead to the creation of "GREAT PROJECTS".
Nebula Exchange was created out of the urgent need to solve the problems associated with the current cryptocurrency exchanges, thus affecting both new and existing investors.
It has been shown that most exchanges have a sophisticated user interface thus posing as a huge barrier to new users who wish to trade on those exchanges (this is a personal experience), in addition to irregularities in order book with exchanges giving more insight than others.
It is a well-known fact that most users, tend to add additional factors or take additional steps before performing any trade so as to maximize profits, these additional factors or steps most times leads to limitations, thus not presenting the real value it's meant for. They are;

Are there News on their chosen trading pair?: Most times, in this crypto space, news regarding coins and tokens leads to an uptrend in the coin market, thus most traders aim to utilize such opportunities well. But this has proven to be a difficult task, owing to the fact that traders have to join several social media networks (as that's where the news comes from) be up to date so as to get the first-hand information. Now comes the question, as a crypto trader is it possible to be updated with one coin having in mind, there are many coins each releasing their news every now and then?. Furthermore, when the news gets to the investors or traders, it comes with its own version (from the reporter), all these, in the long run, contribute to the irregularities seen in the crypto space.
Market Sentiment: These have its roots in Reddit, GitHub and host of others. These platforms harbour many investors with each having its own mindset about the project (positive or negative). The information shared on these platforms tends to be diluted not presenting the correct picture as investors are either not happy with the project or biased about its future, while the new investors doing research about the project in question might end up not getting the needed information.
Macroeconomic view regarding an altcoin or cryptocurrency market: It is a well-known fact there are Individuals or media houses which tend to keep the investors of the crypto space abreast of the current happenings, how space is going and otherwise. Majority of investors tends to believe the information provided, but since it's in human nature to be dubious, these media houses or personnel can still be biased.
Other known traders giving target prices: These have become a trending thing in the crypto space. Many self-proclaimed analysts or traders having huge followers tends to give out target prices for certain trading pairs which have ended up causing more harm than good to investors. The errors in this target prices are;
a. No record to ascertain how authentic the information shared is,
b. No place to compare and contrast target prices set by these analysts,
c. No timeline for these targets.
No clear knowledge about Security tokens: One of the biggest problems limiting the cryptocurrency exchanges is the lack of authentic knowledge regarding security tokens, as most exchanges hardly list or educate their users about them.

WHAT NEBULA EXCHANGE AIMS TO ACHIEVE

First, what is Nebula Exchange?
Nebula Exchange is a centralized exchange unique in all ramifications with the purpose of implementing outstanding features so as to ensure a user-friendly and one-stop community proclaimed exchange. These features are;
a. Technical analysis,
b. State-of-the-art trading platform with associated concrete news,
c. User reviews and peer-to-peer messaging.
Nebula Exchange understood that the current cryptocurrency exchanges lack what it takes to attract or make the new investors feel at home, in addition to being the first exchange to provide the necessary supports for security tokens.
Why Is Nebula Exchange Centralized?
Nebula Exchange aims to be a centralized exchange as it will allow them to fully release what they have in store for users.
Most current exchanges are centralized, this is because centralized exchanges come with higher liquidity and faster trading, fiat pairing availability, dedicated and experienced team to ensure enhanced user experience.
But yet, these centralized exchanges comes with its own demerits such as being prone to manipulation by the staffs and KYC being needed for high volume trading or fiat paring.
As good teamwork is needed in any business thus ensuring security and reliability of the platform, Nebula Exchange team will ensure better handling of challenges arising from any unforeseen circumstances.

ATTRIBUTES OF NEBULA EXCHANGE

Outstanding Security: Phishing websites have become the order of the day, cyber attacks and malware are not left out. A few years ago Bitfinex traders lose a whopping $70 million to a phishing website. In order to contain this, so as to ensure the safety of funds, Nebula aims to take the following measures;
a. 2- Factor Authentication (2FA) and password being needed for login and for withdrawals,
b. Cloudflare free from DDoS (Distributed Denial-of-Service) attacks,
c. Utilization of Multi signature Cold and Hot wallet so as to ensure that users funds are safeguarded,
d. A proper audit of smart contracts as well as a security audit and penetration testing being carried out by top security consultants.
A Robust trading platform good for both experienced traders and new investors, having the following features;
a. The ability to process 1,000,000+ transactions in a second,
b. Professional charts from TradingView as well as Implementation of Limit, Market and Stop-Loss orders,
c. Trade and order history can be exported, in addition to the availability of a Cold and Hot wallet with 24/7 monitoring to ensure funds safety,
d. Good leverage for margin traders.
Nebula Exchange will offer well-articulated information about the crypto space, filtering the valuable information from the whole lots of junk filled on the social media networks. Nebula achieves this through implementing;
a. A user review system,
b. Peer-to-peer messaging,
c. State-of-the-art system and,
d. News system.
Affordable Listing: Nebula aims to create a platform where project which has passed through the required processes will be listed at a cheaper rate, thus enabling its community to have access to good projects. This, in the long run, will enable the listed project to utilize their funds for the development of the project. A 40+ project has already partnered with Nebula for listing once Nebula Exchange goes live.
Referral System: In order to promote the platform as well as giving the users a sense of belonging, Nebula Exchange implemented the referral system, so that any user of the exchange can share his referral code with friends and families. Once a user's referral code is used, the user in question is entitled to 50% of the transaction fees paid by their referral for a whole year.
Adoption of Security Token: Nebula aims to achieve this through utilizing a small section of the funds raised through ICO (Initial Coin Offering) to;
a. Get the required license from relevant authorities so as to list security tokens,
b. Put in place the necessary KYC regulations,
c. Widen their horizon as well as the addition of fiat.
Nebula aims to partner with Polymath, so as to produce an outstanding result.

TOKEN INFORMATION AND TOKEN SALE

Nebula Exchange token will be called Nebula Exchange Star Credit (NESC) which will be the main currency of the platform. NESC is an ERC20 token built on Ethereum blockchain with a total supply of 100,000,000.
Uses Of NESC token;
a. For payment of transaction fee with 50% discount in rate,
b. New coin listing will be required to pay in NESC, thus ensuring the steady flow of NESC token.
More on NESC tokens;
All transaction fees, as well as listing fees collected in form of NESC token, will be burned. Furthermore, tokens acquired through buy-back will also be burned. All token burn will stop once the NESC token in distribution has reached 50,000,000.

CONCLUSION

Nebula Exchange aims to create a platform which will stand out from the current exchanges in all ramifications. Nebula Exchange will offer an affordable listing for projects which will be a driving force for new projects, thereby giving it's members the access to a good number of projects.
Nebula Exchange will offer the optimum security of funds as well as reliable information about the crypto space, thus making it possible for investors to make good decisions.

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