EncryBit ! Cryptocurrency Exchange With A Difference Powered By Blockchain Technology
As I was perusing the net this morning I found this project profoundly intriguing and I have to share with you, my friends about the Encrybit exchange. there is market research done and it was evidenced that all cryptocurrencies bitcoin inclusive, Security is one of the topics that concern most of the users, followed by high trading rates, third is the lack of liquidity, fourth is technical support as a major concern, what I relished most was the fact that Encrybit does not want to reinvent anything but rather ameliorate.
Encrybit wants to offer potent solutions. The exchange wants to solve some of the main issues that affect the exchange of innovative resources. It is hoped that the exchange can avail the cryptographic exchanges to be accepted by the masses globally.
Encrybit is working on implementing these features to engender a modern cryptographic exchange that meets the general desideratum of traders.
Safety
A paramount issue that has been identified in the research is insecurity. At this moment, 99% of trading volumes occur in central exchange offices. This despite the fact that most people verbally express that it is in favor of decentralized exchanges. Security concerns have been on the elevate since the incursion of hackers on some crypto exchanges where over 650,000 Bitcoins have been stolen altogether.
Albeit centralized exchanges are a security jeopardy, the survey found that most people preferred them because they were facile to utilize. In integration, these exchanges have better liquidity.
Encrybit understands the paramountcy of security in an encryption exchange and has designed the following rudimentary security measures:
• Two-factor authentication
• Portfolio Address Sanctions List
• Withdrawal Authentication
• IP Whistle
• Multi-signature wallet
• Anti-phishing alert
At the technical level, the implemented safety measures include; cross-site scripting, SQL injection, remote injection of OS commands, buffer overflow, CRLF injection, parameter parameterization, denial of accommodation (DDOS attack), and more. At the system level, security measures include:
• HWS-certified cold and active storage to manage funds
• Conventional security audit for system update and stability
• Test environment to apply security-cognate patches
• Customary encrypted database and system image backup with full mirror functionality
• API calls are encapsulated with encrypted and encrypted SSL encryption to avert phishing attacks.
Liquidity
The cryptographic market is not yet able to absorb astronomically immense orders without leading to a major vicissitude in the prices of cryptography. This is because there is inhibited liquidity in this market compared to the fiduciary market. Diminutive exchanges with a trading volume of about 1000 BTCs face supply quandaries. This customarily leads to a price increase of about 10% above the mundane price.
Most traders conventionally buy coins and secure them. When this transpires, it often causes sharp price swings as the markets are flooded by buying or selling orders at once. There is no facile solution to this quandary.
High trading rates
The survey revealed that traders were apprehensive about trading rates. Most scholarships ask for a rate of 0.25% to 3%. In decentralized grants, the fee requisite is minute or non-existent. This rate is compulsory, since centralized exchanges are extravagant to operate.
Encrybit aims to be the first of an incipient generation of crypto-currency exchanges, providing:
• Optimized and simplified trading platform with a facile and captivating utilizer interface;
• A broad spectrum of technical analysis implements;
• Perspicacious alerts;
• Profit and loss report;
• Multiple order history levels;
• Multilingual support;
• Perspicacious gregarious negotiation;
• Negotiation rewards;
• Market research and news updates;
• Broad order book;
• Transparent policies;
• Demonstration negotiation;
• Multilayer security;
• Dedicated customer representation.
Token Encrybit (ENCX)
Encrybit is engendering a utility token for your platform. The main utilization of the token is for the negotiation rate of the exchange of encryption. The negotiation fee is discounted if the payment is in ENCX tokens. This will boost demand for the token.
The ENCX is an ERC-20 token with a total tokens supply of 270M. The symbolic price at ICO will be $ 0.2. The pre-sale is expected to occur afore the terminus of 2018 and the public sale is scheduled for the first quarter of 2019. The soft value for ICO is US $ 5.4 million, while the hard ceiling is US $ 32.4 million.
• ENCX can be habituated to charge a 50% discount on the negotiation fee.
• 40% of the coin listing fee will be charged to the ENCX.
• Each quarter, Encrybit will utilize its 10% of the total profit to repurchase the ENCX of the current offer. The recording process will take effect immediately after the prosperous repurchase every quarter.
Token: ENCX
Total Token Supply: 270,000,000
Token Price: $0.2
Soft cap: $5.4 Million
Hard Cap: $32.4 Million
Headquarters: Hong Kong
You can have more details information about EncryBit and her ongoing ICO to enable the team raise fund to actualized the dreams of this innovative project through the social network platforms below.
Website: https://encrybit.io/
Whitepaper: https://encrybit.io/pdf/encrybit-wp-v1.pdf
Litepaper: https://encrybit.io/pdf/litepaper.pdf
Telegrama: https://t.me/encrybit
Twitter: https://twitter.com/enbofficial
Authored By: https://bitcointalk.org/index.php?action=profile;u=1165678