A Sneak Preview of ENCRYBIT Project

xqanxxx (43)in #encrybit • 6 years ago

Introduction

I believe as active crypto enthusiasts we’ve had personal experiences with certain exchange platforms. If I may ask, how was the experience? Was is awesome or challenging? We have witnessed new exchanges enter the crypto market trying to fix the defects in existing platforms or to improve them. This is a strong indication for the need of a modern and problem-solving oriented exchange platform and the results of the online surveys conducted by #Encrybit also confirmed that.

Encrybit embarks on an adventure to develop a revolutionary exchange platform that will support and harness most traders operations and enhance a good user experience.

Problem Space

There are numerous issues traders face when trading on existing exchanges and even with the top and renowned trading platforms. To name few, the issue of a high trading fee has been persistent in most exchanges. Day traders to be specific are the sect that suffers most from the relatively high fees charged by existing exchanges. There are also high charges when a trader wants to withdraw his or her funds.

Newly launched exchanges are mostly characterized by poor customer services and I believe as a serious business one aspect of your organization you should pay much attention to is the customer service as they are the ones that directly get in touch with the consumers and knows what consumers needs are. There was an instance where ICO participants of a project had to move their tokens to an exchange to trade once trading is opened. Many people had issues with deposit and for several weeks simple issues like this weren’t resolved due to lack of communication from the side of the exchange.

Low volume and liquid is another problem suffered by decentralized exchange and some centralized exchange. Being in such situations are sometimes frustrating and annoying. A trader is required to wait several days for his order to get filled, by then there will have been a significant change in the market.

Other crucial issues may include security-related issues with regards to centralized exchange, fewer trading pairs, complex UI of most trading platform, inadequate trading features and several others.

Solution Model

Having a team of experts, experience, an usual foresight and being backed by M-Connect Solutions (A reputable Software development agency established in the year 2009), #Encrybit seek to build a user-centered platform that considers the basic needs and wants of the average trader.

As security being a priority due to what has happened in the past, the team is making it a point to provide a much-secured environment for all users that interact with the system. Multiple security controls will be deployed to help achieve maximum security on the exchange platform. Traders can confidently utilize the platform without any fear.

The Encrybit token (ENCX) is an Ethereum based token that conforms to the ERC-20 standard. Most of the token’s use cases will be visible in the encrybit’s eco-system. To address the issue exorbitant fees, traders can make use of the ENCX tokens to receive a 50% discount on trading fees. This in addition to the 40% listing fee that ought to be paid in ENCX tokens and the quarterly buying back ENCX from circulating supply will drive the token utility and there make it valuable.

The team also plans to enrich their platform with cutting-edge feature (Broad order book, social trading, Full suite of professional charting tools, P/L reporting, smart alert, news, coin comparison etc.) and improved and multilingual customer services that will significantly yield a better user experience.

We have less than a week to the end of private sale. Contributors can enjoy up 40% bonus during this period. Be part of the revolutionary cryptocurrency exchange today by visiting Encrybit at Website or Telegram
You also download the whitepaper to learn more about encrybit Whitepaper