PRELIMINARY

Since the invention of cryptocurrency (blockchain technology) numerous digital assets have been created undermining the current bear market, there are literally thousands of new digital assets. With the emergence of cryptocurrencies, there is always a problem of what exchange to get listed. Problems faced by developers of these new projects are mainly received from cryptocurrency exchanges, before listing developers have to pay extortionate fees before their proposal is taken into consideration but the funny thing here is with these excessive charges listing is not guaranteed, they also do not refund fees once paid even if the project doesn’t get listed. There are problems of inadequate liquidity, excessive deposit and withdrawal fees, time consuming trade execution, delays for order book to update, users of these exchanges do not receive a good customer experience (users will have to wait for weeks before getting the needed solution to their problems and in most cases they don’t.), cases of fraud, hacks and loss of deposited funds are being reported on a daily basis.

Some exchanges that require the KYC (know your customer.) and AML (anti money laundering) procedures waste precious time of their customers, sometimes these checks takes up to a year, speaking from personal experience, there was an exchange I signed up on some time ago that needed me to do KYC before I could trade, it took them over 8 months for them to verify my account partially (I couldn’t only trade some digital assets, and my withdrawal limit was 0.5 btc) for me to be able to trade a token I bought which was time consuming, frustrating, and the most painful experience was the loss of my profit because of the current bear trend, I lost both my profit and capital waiting on them. Exchanges do not pay state of the art security companies to run checks for them to avoid been hacked which leads to users losing their funds, a good number of exchanges also absconded with the funds of users. I could go on and on because there are numerous complexities but to mention a few lapses crypto lovers go through which when put into thorough consideration might lead to loss of interest in buying or selling cryptocurrencies.

INTRODUCING ENCRYBIT EXCHANGE

ENCRYBIT has a management with over a decade expertise in the software business with developing and promoting virtual merchandise, they possess the highest knowledge and are well versed with what users want and they have the needed resources to make them available. ENCRYBIT is a new age exchange with a vast range of functionalities which are all user friendly (easy to use) to both masters and newbies in the crypto space. The core purpose of this innovation is to curb (exterminate.) current complexities traders and investors come across on a daily basis when trading and to introduce a new era where traders can experience an enjoyable, engaging and profitable trade. ENCRYBIT exchange offers users high-level security which ensures safety of deposited funds, a broad band of technical analysis tools, instant information when a user encounters profit or loss, smart alerts, fast customer care response with adequate solutions, broad order book, transparent policies, demo trading, good market research and update news amongst other functionalities.

ENCRYBIT exchange is a state of the art cryptocurrency exchange determined to provide its users with top liquidity, high-end security from the leading security companies to ensure ENCRYBIT doesn’t encounter any security breach, hacking attempt, unauthorized access into the servers and protections of users funds. ENCRYPT has taken precaution to harden security layers with accurate SDLC methodology. They have also modularized coding methods, secured server infrastructure, application and server testing, and ethical hacking practices to ensure the adequate implementation of security protocols. Instant order book update, cheap transaction charges, zero deposit charge, minimal withdraw fee, timely customer care response with feasible solutions to problems customers might face, a transparent network where project developers will meet a management and get listed after all requirement has been met without any hassle, a fair listing price. Users will have various options of cryptocurrency pairs to choose from unlike traditional cryptocurrency exchanges.

FUNCTIONALITIES OF ENCRYBIT

★ DEMO TRADING: This feature is essential for newbies because most of the don’t know when to enter or exit a trade, newbies in the crypto see cryptocurrency trading as a high Return On Investments and they do not understand the monetary risk that’s accompanied with what they’re doing. Demo trading will help them learn about trading and in no time they will be masters.

★ INTELLIGENT PROFIT/LOSS REPORT: Users will be able to view their profit or loss report from their account dashboard; the report will give them extensive analysis on the executed trade and will help them detect and take a good position for future trades.

★ CRYPTO RADAR: This provides users the opportunity to search any token or coin based on their decrease or increase in value along with technical analysis indicators like RSI, ADX, MACD, EMA & SMA.DEMO TRADING:

ENCRYBIT EXCHANGE TOKEN (ENCX)

ENCX is the acronym of ENCRYBIT token, ENCX is an erc-20 compliant token created on the Ethereum smart contract (blockchain) which will act as the driving force (fuel) of ENCRYBIT network. This utility token will be used as the standard mode of payment when transacting on the exchange, traders and investors on the platform will enjoy discounted transaction fees when they carry out transactions with the use of ENCX. To preserve and increase the value or demand of ENCX, ENCRYBIT will use 10% of the net profit to buy back and burn ENCX every quarter until a minimum of 50% of maximum supply is destroyed and ENCRYBIT management also have numerous tactical operations to preserve the market value of ENCX.

TOKEN INFORMATION

TOKEN NAME: ENCRYBIT TOKEN
TICKER: ENCX
TOKEN TYPE: UTILITY
NETWORK: ERC-20 COMPATIBLE (ETHEREUM)
TOTAL SUPPLY: 270,000,000
ENCX PRICE PER 1: $0.2c
SOFT CAP: 5.4 MILLION USD
HARD CAP: 32.4 MILLION USD
ACCEPTED CRYPTOCURRENCY: BITCOIN & ETHEREUM

TOKEN ALLOCATION

ADVISORY BOARD: 2%
REFERRAL & BOUNTY:2%
TEAM: 5%
FOUNDERS: 10%
EARLY INVESTORS: 10%
ON GOING DEVELOPMENT FUNDS: 10%
ENCRYBIT: 11%
TOKEN FOR SALE: 50%

FUND ALLOCATION

LEGAL:2%
SECURITY & AUDIT: 13%
RESERVE: 15%
ADMINISTRATOR & SUPPORT: 15%
MARKETING: 25%
DEVELOPMENT: 30%

ICO REVIEWS

★ TRACK ICO ★ FIND ICO ★ ICO EXPERT ★ CRYPTOTOTEM ★ ICO BIRDS ★ ICO PULSE

ROADMAP

TEAM

ADVISORY BOARD

CONTACT INFORMATION FOR NEW & UPDATES

★ WEBSITE
★ WHITEPAPER
★ LITEPAPER
★ TELEGRAM
★ TWITTER
★ FACEBOOK
★ YOUTUBE
★ LINKEDIN
★ REDDIT
★ STEEMIT
★ MEDIUM

ARTICLE PUBLISHED BY TIVERE AKPORODE

★ BITCOINTALK PROFILE: TIVERE