INTRODUCTION

There is growing popularity of cryptocurrency and this has necessitated the need to consider the business of cryptocurrency exchanges with a bid to bringing innovations that will further encourage mass adoption. There are two types of cryptocurrency exchanges in existence – centralized and decentralized exchanges- and each of them has their pros and cons. For instance, decentralized exchanges have higher protection against security breaches and makes for anonymity of users, however, fiat to cryptocurrency pair trading, liquidity measures and KYC requirements for protection against regulation that are lacking in decentralized exchanges make centralized exchanges best suited for the future we crave for in cryptocurrency. Unfortunately, the present crop of centralized exchanges is not completely free from problems and limitations and this leaves room for more innovations. Consequently, Nebula exchange is stepping in as remedy to the lapses inherent in cryptocurrency exchanges. We shall explore some of the problems of cryptocurrency exchanges and detail how Nebula exchange plans to solve them.PROBLEM OF CRYPTOCURRENCY EXCHANGE.

1. Security: This is the biggest problem facing many centralized cryptocurrency exchanges. The year 2014 witnessed the first major hack of a cryptocurrency exchange in which MtGox lost 850,000 BTC. In the same year too Cryptsy and Mintpal lost 13,000 BTC and 3,894 BTC respectively. This trend has continued in successive years and just this 2018 alone we have seen over four hacks of cryptocurrency exchanges such as Coincheck in January in which 530,000,000NEM was stolen, Bitgrail in Febraury in which 17,000,000 NANO was stolen, Coinsecure in April in which 438 BTC was stolen and Coinrail in June in which over $40,000,000 worth of various coins was stolen. This shows the role security plays in cryptocurrency exchanges. More information about these security breaches can be found in the link: https://rados.io/list-of-documented-exchange-hacks/
2. Complex and Unfriendly User Interface (UI): The user interface is another important factor of consideration in a cryptocurrency exchange that will meet the needs of our time. The user interface of many cryptocurrency exchanges is complex for newcomers and totally tedious to use even by expert traders because of lack of flexibility and features that will make trading fun.
3. Lack of good Communication Channel: The issue of communication in business can never be overemphasized. Take for instance, news about new coin pairs, coin listing or price action is normally broadcasted in social media such as Twitter or Facebook of present cryptocurrency exchanges as there is no provision for such within many cryptocurrency exchange platforms. This do not work efficiently and are most time miscommunicated by users who share them to friends and colleagues based of their individual sentiments and not truly as they are.
4. High Trading fees and Outrageous Listing Conditions: Most exchanges charge exorbitant amount of money to list tokens. This impacts on the project negatively as the money meant to be used for project development is spent in securing exchanges for the token. Furthermore, most exchanges charges traders outrageously for using the exchanges and this merely reduce the exchange to an exploitation avenue and further frustrate the success of most projects.
5. Security Token Ambiguity: If cryptocurrency is to succeed in mainstream adoption then the concept of security token, which allow regulation and institutional investor to come in, should be taken seriously. Unfortunately, most cryptocurrency exchanges are avoiding security tokens and also discouraging its emergence through their activities.

THE NEBULA EXCHANGE SOLUTION

The Nebula project comes to address of the major shortcomings of present cryptocurrency exchanges. We will solve this problems through our product design and our operational procedures. The steps and measures taken to realize this are highlighted below:

1. Security: Various security measures are put in place to protect the systems. Some of the measures include: DDoS protection from cloudflare, password combined with two-factor authentication for both login and withdrawal, combination of multi signature of both hot and cold wallet, Audit of all smart contracts (which most exchanges never do and this was what led to the hacking of Coincheck this year) and Security Audit and Penetration Testing by leading security consultants. Hackers are constantly developing new and sophisticated malwares and any slight loopholes in the coding could cause havoc in the system. MtGox was hacked in 2014 by failing to imbibe a testing policy. They literarily threw an untested code to the public and this boomeranged on them. Therefore, security is given top priority at Nebula exchange.
2. Innovative Trading Platform with a Simple but Powerful User Interface: The There are many innovations that make Nebula exchange unique and interesting for both inexperience and professional traders. Nebula exchange has the ability to register over a million transactions per seconds. This is unprecedented. Other interesting features include limit and market execution orders with stop loss capability, leverage with margin trading, professional charts licensed from TradingView, Muilti Signature wallet with 24/7 monitoring. These features will make trading in Nebula exchange flexible, fast and fun for all categories of traders.
3. Information Sharing and Effective Communication Channel: At Nebula exchange, there will be an active community forum within this system where users can interact on a real-time situation and where information regarding price action and other key developments will be announced. Users will not be exposed to unnecessary media hype of any coin neither will there be incidence of pump and dump as is prevalent in many exchanges. Any new development will be communicated and discussed in the forum and users will be able to interact, share their sentiments and bias. In other words, Nebula makes it possible for users to get the real story from market situation and not from some media hype aimed at deceiving gullible people.
4. Affordable Listing Conditions and Low Trading Fees: At Nebula exchange, things will be totally different. The listing requirements are affordable and traders will enjoy minimal trading fees. Our major consideration will be on the projects passing our due diligence audit and any project that passes will be listed at affordable price. This is a way of supporting good projects. Nebula exchange have already partnered with over 40 projects for listing at exchange launch.
5. Security Token: One of the core mission of Nebula exchange is to facilitate mainstream adoption of cryptocurrency by creating a platform through which institutional investors can come in. This is also in line with the stipulations of security tokens, hence our resolve to use considerable amount of the funds that will be raised in the ICO to secure the necessary licenses needed to list security tokens. Nevertheless, Nebula exchange is working closely with projects such as Polymath that is creating a platform for the creation and issuance of security tokens.

COMMUNITY DEVELOPMENT INNITIATIVES OF THE NEBULA PLATFORM

The success of every cryptocurrency exchange depends largely on the community. Nebula exchange, being conscious of this fact, have integrated programs and systems that will reward the community as well as give users a sense of belonging. Notable among the incentives is the referral program in which users get up to 50% of the transaction fees of the people referred for a year when they sign up at the exchange through their code. There is also the reputation system in which every user will start with zero reputation point and this will increase base on the activities of the users. Such activities include, regular login to the platform, making post and comments on the live chat and assisting new members with information and advice and finally, reliable market analysis. Top rated members will be rewarded with emojis and this will add more fun to trading. There will be further innovations that will add more fun to the platform as time progresses.NEBULA EXCHANGE 

 Nebula Exchange Platform Uses

• A solid trading platform that accommodates skilled traders and additionally accommodates fresher's
• Safety may be a priority. so major advanced safety initiatives are previously in situ.
• one in all the Nebula-Exchange, consumers, will have easy access to data. This comes within the form of a liable review system, price system and news system so on. Being tuned in to the huge fee required on the exchange to list ideas, Nebula-Exchange plans to list promising concept at an especially reduced rate!
• Also, consumers and community members who bring in recent ones are going to be prized on the Nebula-ExchangeIn the form of cyber frauds, security becomes a high priority on every dealer's mind and justifiedly thus. At Nebula Exchange, ideal steps are taken to the interval to create positive that the funds of its customers ar firmly unbroken and guarded. Below ar some of the measures taken:• password joint with 2-factor verification for login also as withdrawals.
• DDOS attacks protection
• mixing of heaps of signings, cols and hot wallets are going to be applied to create positive that buyers fund keep accessible and secure.
• Penetration testing and security audit, by the leading security advisorsThe Nebula Exchange makes chat boxes for its customers, wherever they'll access and keep their individual texts via the P2P ( Peer To Peer) messaging ecosystem.
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TOKEN GENERATION EVENT

The Nebula exchange will be powered by a utility token: Nebula Exchange Star Credit (NESC) with a 100 million upper cap on total token generated. This is an ERC-20 compliant token that will be used as incentive for using the Nebula exchange. The price of the token during the ICO that will be announced in a later date is USD 0.40 per token. The target of the public sale is to raise maximum cap of USD 20 million meanwhile a minimum cap of USD 500,000 is targeted at the private sale. 

 At present, private sale is ongoing and there is good bonus attached. The total token supply and the date of the public sale will be announced in later date. Information on this will be made available in the Telegram group and other media outlets. 

 Advantages of the Nebula-Exchange project

• fiat trading: the software engineer of Nebula-Exchange promise to form conditions for the deal of paper currency. At the similar time, the deposit choices are pretty secure, and therefore the KYC method is simplified.
• Leverage: Nebula-Exchange can let users trade with quite 1:10 leverage. In differently, the project offers a large vary of choices for traders WHO grew up within the FOREX market. The account in worldwide exchange. Customers will use one purse for loads of stock, as well as a upset towards funds.
• Demo: the cluster provides associate degree inclusive demonstration arrange within which we are able to observe the lists from dealing read and far additional.
• Numismatics: the last list of cash with that the Nebula-Exchange comes can collaborate is remaining strange (according to the site, they're at least 52). There’s already data that loads of coins are avail with the exchange, that is incredibly true avail on different exchanges. This, surely, characterize the arrange from the best side.
• Purse: Nebula-Exchange comes supply a wallet with the aptitude to form several signatures. The wallet can embrace the whole functions typical for such technical school.
• Mobile App: this year the team of Nebula-Exchange can launch mobile apps. Users are capable to fully trade on the Nebula-Exchange even sitting anywhere!
• Ratings: each bargainer will take contribute within the choice associate degreed supply an assessment of the actual arrange. in line with the project representatives, it’ll be same to the assessment tools from Amazon, thus entire types of a trickster, plans while not content, can have a weak rating, which will facilitate stares and even consultants traders within the Globe of Virtual cash to form bound verdicts regarding this or that arrange.
• Security: the most very important a part of the Nebula-Exchange is that the prime level of security. The platform can involve strange encrypted cold storage; users are shielded from thefts and burglaries.
It’s additionally far-famed that plans with the highest rating Nebula-Exchange can advertise for free on its front pages. 

THE TEAM

Nebula Exchange is made up of a strong team with adequate trading experience. The team is led by Vincent Jacques, a successful investor and businessman. He was a strategic Advisor at BCG for 2 years. As a student, he developed a virtual trading platform. CEO, Vincent Jaques quoted “We are quickly gaining attention as the only exchange that is focused on the community aspect, the perfect place to share knowledge and learn from the rest of us.”

TOKEN SALE INFORMATION

Token Type:- ERC20

Token Name

Nebula Exchange Star Credits

Token Ticker:- NESC

Token Price:-USD 0.40

PRIVATE PRE SALE

Soft Cap: USD 500,00

PUBLIC SALE

Hard Cap: USD 20,000,00

Excluded Countries:- United States

Conclusion

 Having gone through the details of this project, from the product design to projected timeline, everything seems solid for this exchange to hit the top. At the website is the facility layout with a wonderful user interface that reflects all that is stated here. A close look at the team lead by Vincent Jacques who is an investment banker and founder of multimillion dollar company (Planorama). With this wealth of knowledge, am confident Nebula exchange is in good hands. Therefore, an investment in this project is a wise decision. 

Following more information;  
 

 • Official Website: https://nebula.exchange/
• Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
• ANN thread: https://bitcointalk.org/index.php?topic=4583209
• FACEBOOK: https://www.facebook.com/Nebula.exchange/
• TELEGRAM: http://t.me/nebulaexchange
• TWITTER: https://twitter.com/Nebula_Exchange
 

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