ETERBASE- Platform Digital Asset Exchange

daniwahyu (7)in #cryptocurrency • 6 years ago

ETERBASE is a cryptocurrency exchange platform with a focus on multi-asset support and regulatory compliance. Obviously there is an underserved market for reliable cryptocurrency exchanges with strong operational and technology infrastructure equivalent to large bank banks and Wall Street companies. Etherbase is involved in a fully compatible platform process that offers a variety of Cryptocurrency-specific B2C and B2B solutions. These include high-frequency trading platforms capable of real-time spot trading and margin trading, over-the-counter trading and high frequency hosting servers with direct market access and incentive system for market makers

The company announced their exchange online on April 25, 2018. As of May 2, the company is offering early adopter membership access in exchange for entering an email address. You can get a sneak peek at the exchange on their official blog post here. Eterbase is in development by a Liechtenstein-based team of developers.

What Is Eterbase?
Obviously, there are plenty of cryptocurrency exchanges already available today. What makes Eterbase different? How does the exchange plan to compete? Here are some of the core features of the exchange:

Heavy-Duty Trade: Eterbase will use “proprietary infrastructures and matching engines” to offer “Secure, complex, high-volume trading” at a level “comparable only to Wall Street”, according to the official website.

Regulation-Compliant: Eterbase is built on a comprehensive regulatory core. That core abides by regulations like KYC, AML, CTF, and GDPR, which makes it fully-compliant with European Union regulations.

Clean and Professional: Eterbase aims to offer powerful trading capabilities for professional traders and beginners alike, including “human-centric design, 24/7 support, and an intuitive interface.”

Individual Client IBAN: Eterbase is applying to become an Electronic Money Institution, or EMI, under European regulatory standards. If successful, this will allow Eterbase to issue fully operational International Bank Account Numbers, or IBAN. That means they’ll be able to clear Euro payments directly while serving customers across the entire European Economic Area (EEA), which covers 31 European countries. This would give Eterbase similar coverage and service as a European-based bank.

How Do Eterbase Tokens Work?

Eterbase tokens, or XBASE tokens, are ERC20-compliant tokens built on the Ethereum blockchain. Tokens can be redeemed for discounts, products, and services available through Eterbase.

There’s a total supply of 1 billion XBASE tokens.

The primary purpose of XBASE tokens is to access the Eterbase tiered membership scheme, which we’ll talk about below.

Utіlіzіng an EMI lіcenѕe and SEPA wіll allow ETERBASE Group to clear Euro paymentѕ dіrectly wіthout any іnvolvement from tradіtіonal bankѕ. Theѕe ѕervіceѕ іnclude:

• Caѕh depoѕіtѕ and wіthdrawalѕ on a payment account
• Executіon of dіrect debіtѕ
• Executіon of payment tranѕactіonѕ through a payment card
• The іѕѕuance of payment cardѕ
• The іѕѕuance and acquіѕіtіon of payment іnѕtrumentѕ
• Money tranѕferѕ
• Executіon of payment tranѕactіonѕ where the conѕent of the payer to execute a payment tranѕactіon іѕ gіven uѕіng any telecommunіcatіonѕ termіnal equіpment, dіgіtal, or electronіc devіce
• The іѕѕuance of electronіc money

Eterbase Fees

Eterbase’s fees will be based on a tiered membership scheme. The more tokens you’ve deposited into the Eterbase platform, the higher your membership tier will be. Members on a higher tier will pay lower commissions than members on a lower tier.

Here’s how fees break down:

Basic (0 XBASE Required): 0.10% (maker fee), 0.10% (taker fee)
Plus (10,000 XBASE Required): 0% (maker fee), 0.075% (taker fee)
Professional (50,000 XBASE Required): -0.01% (maker fee), 0.05% (taker fee)
Premium (100,000 XBASE Required): -0.02% (maker fee), 0.03% (taker fee)
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