NEBULA EXCHANGE REVIEW

adebits (11)in #blockchain • 6 years ago

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Crypto exchange or digital currency exchange (DCE) is an online platform that allow traders to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies or tokens. They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform. They are online platforms that act as a middlemen between a seller and buyer of cryptos.

We have many of these exchanges with some having a daily trading volume of more than one billion dollar and the list of exchange continue to increase as there many digital assets looking for secondary market for easy liquidity of their coins or tokens.

We can't deny the fact that most of these exchanges are facing one challenges or the order to the detriment of its users- both traders and project team and these are what Nebula exchange aim to solve with their approach towards the industry.

Nebula exchange is a unique centralized cryptocurrencies exchange platform that combines a state-of -the-art trading platform with news, technical analysis, users review and P2p messaging to provide a one stop community center trading solution. Nebula believe that traders especially new ones, need a lot more than just price and volume information to make decisions and Nebula exchange plans to be the solution. The exchange also have it in its plan to be an exchange that support the trading of security tokens by be in compliance with security token laws in many jurisdictions.

FEW OF THE CHALLENGES FACING FACING CRYPTO TRADING ECOSYSTEM

Unaffordable Listing Fees: On current and leading exchanges such as Bitfinex and Binance, it is often difficult for new projects with a small market cap and shallow order books. This is because large exchanges tend to list digital coins, which have an opportunity to attract more buyers and traders. The result is that digital currency traders rely on exchanges such as OKEx and Huobi for coins with a small market cap.

According to the development team working at the Nebula Exchange, this exchange was built with orphaned projects in mind. These projects have been unable to find an affordable listing. It is going to support digital currencies and blockchain projects abandoned by digital currency trading platforms. Some of the major exchanges have a listing fee that ranges from $50,000 to over $500,000. This is a figure, which small projects cannot afford.

Market Sentiment: Most projects maintain an active presence on multiple social media for constant updates about the development of their project and all these social network atttract a different type of crowd, they are relatively easy for an investor to tap into to gain an insight into market sentiment. Most of these social media followers of a project don't give an unbiased or complete views about it because they may also be protecting their interest either by been an initial investor of the project that want to sell it or a new investor that want to buy into it.

Security: Cryptocurrency market has right from its beginning has been plague with activities of hackers and cybercriminals. There have been a number of high-profile cryptocurrency hacks and heists that have resulted in millions of dollars being stolen. Traders and investors have lost funds and some platforms have ceased to operate. In the aftermath of these hacks, the price of particular cryptocurrencies has dropped considerably.

NEBULAS EXCHANGE SOLUTION

Nebulas will be an exchange for projects that finds it very difficult to get listed on other reputable exchange due to high listing fees. Listing on Nebula will be affordable by most project once they pass other listing requirements.
Nebulas exchange will have a reputable review system which will be publicly available to the community. The community will have access to rate reviews so that traders can easily browse top reviews or look for the newest submissions for hot tips and news.
As we all know that security is one the most important thing a trader will look into before using any exchange, Nebulas exchange will come with a state of the art technology for security of users details and funds. With Nebulas safety of users fund and details is guarantee.
Nebulas exchange will also be robust enough to accommodate high frequenccy traders and simple enough for new traders, the platform will be an inclusive platform for both expert in novice with good users experience features.
Nebulas is working with another project to create a compliance settlements system for trading of security tokens.

NESC TOKEN UTILITY AND BUY-BACK

Users can pay transaction fees in NESC for a 50% discount in the rates. All transaction fees collected in the form of NESC will be burned. Discount is subject to change in the future.
New coin listings will be required to pay in NESC Tokens, creating a steady flow of demand as the platform grow. All NESC Tokens collected for listing fees will be burned.
Every quarter, Nebula Exchange will use 25% of its profits to buy-back NESC tokens and burn them. All buy-backs will be announced beforehand.
All token burning will stop only once we have reached 50mn NESC tokens in distribution.

TOKEN SALE INFORMATION

Funding Rounds, Dates, Qualification for Participation

PRIVATE PRE SALE
Soft Cap: USD 500,000
By invitation from Team and Advisors
Coming Soon
PUBLIC SALE
Hard Cap: USD 20,000,000
Open to public
Dates TBA
Bonus by week of participation