ProBit – The Real-Time Crypto Exchange

in #blockchain6 years ago (edited)

The proliferation of crypto exchanges has taken new dimensions as tons of such platforms are springing up. Perhaps the icy nature of crypto trades is force that propels their invention. There are now numerous copycats with each of these exchanges dotting only few features.

In the development of every cryptographic exchange, the core motive should be enhancing user experience with vision of increasing their profitability. The reverse is the case as the interface (UI) of some exchanges is not easy to decipher. For amateurs joining the crypto community, such is a great put-off because they cannot comprehend the graphs and charts that dot trades.

Amidst this turbulence, the touted real-time and futuristic exchange, ProBit had been developed. The platform is expected to hedge current issues and in the stead, speed up transactions.

Hope for Fiat-to-Coin Exchange

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ProBit is specifically targeted at making crypto trades faster. The motive is making amateurs professionals in the field of trade. At the core of the underlying technology are three distinct features.

The first is globalization. At the moment, conversions of cryptocurrencies to fiat counterparts are not easy to come by. Apart from Ripple’s XRP and Bitcoin’s pair with the USD and USDT, there seems no glimmer of hope for a crypto-to-fiat exchange and vice versa.

If you’ve been looking for this in other exchanges, it is time to port your digital assets to ProBit. There is opening for global operations which will see romance of crypto coins to fiat currencies. This move makes exchange better and lays foundation for adoption of crypto coins as global currency.
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The exchange is targeting a global digital asset exchange and had set the ball rolling with its Coin-to-Coin (C2C) exchange that will become model for further integrations in major financial markets.

Professionalism

The world is finance is taking better shape with fame garnered by cryptocurrencies. As the global financial sphere shifts attention to crypto coins, it became pertinent to breed professionals in the industry. To this end, ProBit leads the foray with enablement of faster trades. The matching engine is touted to complete 1.5 million transactions every second.

The efficient trading engine matches transactions and opens the pathway to robust trading experience. Risks will be on their lows as traders have ready tools to make right trade decisions. ProBit is glad to bear the light of a futuristic crypto exchange.

Customer Service

In addition to the promised faster transactions speed, the exchange also has customer support for multiple languages. Traders that have issued can lay complaints in their native language and be sure of getting efficient customer service.

Security is Paramount

In the light of hacks on some exchanges, traders are always at alert of possible threats to their wallets. With ProBit, you can go to bed with two eyes shut. Security features abound with the aim of securing assets and wallets.
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First, 95% of every user’s asset will be stored in a cold wallet. This had been proven better way to secure assets against loss and theft. The storage will be outside the ambient of the exchange.

In the event of suspicious activity, a session will be timed out and a login will be required to gai access. Software-based two factor authentications (2FA) like the Google Authenticator is enabled on the exchange. The hardware key makes hacks impossible because a hacker hast to provide the key before gaining access.

Finally, data is manned by strong encryption algorithm. In addition, private keys and wallet information are continuously encrypted.

Impressive Interface

To make up for lapses in traditional user interface (UI), ProBit had customized its UI in a way that will be readable. The built-in modular dashboard is customizable; creating room for a trader to customize his dashboard’s layout to his preference.

Multiple Trading Pairs

The exchange supports five (5) coins as base currencies. These are: EOS, Bitcoin (ETH), Tether (USDT), Ethereum (ETH) and BoriBit Token (PROB). A total of 150 cryptographic currencies are supported and hundreds of trading pairs will be released during the launch. The intention was to vary trading options for traders.
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Trading options are quite impressive and are not limited to limit trades and stop limit trades.

Mobility

Leaf was borrowed from exchanges that have mobile applications. In the light of this, ProBit will have mobile application which will operational in Android and iOS devices. For mobile browsers, Edge, Chrome and Safari are supported.

The ProBit Token

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PROB is the native currency of the exchange and is primarily for payment purposes. It can be acquired during the ICO and used for in-exchange payments such as listing and trading fees. The utility token is also extended to voting rights for new token listing and early access to new features introduced on the exchange.

Token Allocation

Token Sales: 10%
Reserve: 20%
Trade Mining: 50%
Team: 20%

Token Specifications

Ticker: PROB
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 200 million PROB
Hard Cap: $4.5 million
Accepted Currencies: EOS, BTC, XRP, ETH

Conclusion

The discrepancy in crypto exchanges is not much as they tend to copy one another. ProBit towers in this regard with propositions to reinvent crypto exchanges. By working on faster transactions, global access and making security paramount, there is no gainsaying the fact that it will be adopted sooner than expected.

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Author's Details

Writer: Collinberg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1532780

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