PROBIT: AN EXCEPTIONAL CRYPTOCURRENCY EXCHANGE

emmy92 (42)in #ico • 6 years ago

Blockchain Technology and The Nature Of Cryptocurrency Exchanges Today

Blockchain technology, its benefits, potentials and possibilities can't be overemphasized. Think about it, users within the crypto space can transact with each other on a peer-to-peer basis without any Intermediaries thus reducing unnecessary costs. Owing to the underlying benefits associated with the crypto space, CoinMarketCap has recorded that there are;

About 1500+ coins and tokens,
About 500+ cryptocurrency exchanges.

These have led to a market worth billions of dollars, that is to say in affirmative, that the crypto space has great potentials.
As earlier stated, there are about 500+ cryptocurrency exchanges in existence, these exchanges play a vital role in the crypto space as it connects users with varieties of coins and tokens, how? For example, Mr John might have heard of Ripple, and after due diligence decided to add it to his portfolio, all he needs to do is to visit CoinMarketCap, search Ripple and know the exchange it's trading on (for example ProBit), visit, register and buy.

But, despite all the amazing nature of the cryptocurrency exchanges, there are underlying problems which are yet to be solved, which also has act as a barrier to the growth of the crypto space.
These problems are;

Inefficient technical platform: It is a well-known fact that most times, people decide to cut corners just to arrive at their goal without taking time to put all the necessary tools in place, this can be likened to most cryptocurrency exchanges.
Most exchanges tend to leverage on the services of developers with no prior knowledge of how to duly build an exchange platform which can stand the test of time while accommodating traffic as the platform grows.
Less secured exchange platform: Hacking of cryptocurrency exchanges isn't a new thing nowadays which can be attributed to No. 1 above. When a platform isn't solidly built, it tends to have loopholes which can be leveraged on to hack users.
No efficient and effective customer care executives: As cryptocurrency exchanges are all about money, when users encounter issues they need readily available customer care executives who can attend to them ASAP. As humans are unique, some can endure delays while other can't thus there is need to be a balance to ensure users are comfortable.
Most exchanges today only concentrate on one language, one might ask what will happen to a trader who isn't conversant with that particular language?
The unfriendly user interface of most cryptocurrency exchanges today tends to limit traders or investors, in the same way, lack of device coverage also limits investors, how? Most exchanges work perfectly with PC and not with smartphones, let alone having a mobile app. One might now ask, does it mean you can't access these exchanges on-the-go? Well, Yes, you can't.
Lack of sufficient trading pairs, ICO marketplace, fiat-to-coin features is also part of the issues in current cryptocurrency exchanges.

In a bid to make cryptocurrency exchanging more better, user-friendly, highly secure and efficient lead to the creation of PROBIT.

WHAT IS PROBIT ALL ABOUT?

In simple terms, ProBit aims to be the new face of cryptocurrency exchanges.
ProBit has three main aims and/or objectives, through which it can leverage on to solve the issues in today's exchanges.
ProBit aims to build a cryptocurrency exchange which will be:

Global, thus being easily accessible to all and sundry within the crypto space irrespective of location or geolocation restrictions.
Highly professional, thus standing out from others. This is because, ProBit exchange platform will be efficient, fast, robust, highly liquid while having various trading pairs.
Highly secure, thus making users be sure that their assets are safe.

What Makes ProBit Outstanding?

Owing to the availability of a highly experienced team, ProBit will be a high-performance platform processing more than 1,500,000 transactions per second, thus resulting in an efficient, reliable and trusted cryptocurrency exchange.
In the same way, the team behind ProBit aims to offer users a highly secured crypto exchange where cold storage will be used for the saving of users assets; where users data, private information and wallet is encrypted with an advanced encryption algorithm and where FIDO U2F hardware security keys, as well as Google Authenticator, is supported.
In the current cryptocurrency exchanges, it is tasking for new investors to navigate around while professional traders or investors are given an edge. In a bid to prevent this, ProBit exchange will be user-friendly to both advanced traders and new traders thus offering them the same opportunity to trade efficiently. In addition, ProBit will also add an efficient customizable dashboard thus offering traders their own preferences while Limit trades, Market trades and Stop limit trade will also be supported.
ProBit income or profit will come in form of withdrawal fees, trading fee, listing fee etc, in each case charging very low, thus creating liquidity within its platform. This liquidity is also enhanced by mining.

Furthermore, there will be;
a. Abundant trading pairs (about 150 or more) thus giving traders the opportunity to carry out different types of trades they want.
b. Multilingual support, thus offering the same opportunity to all and sundry, in the same way, there will be 24/7 trading experience as well as customer care executives to assist traders in any issues.
c. ProBit also aims to stand out from the status quo by offering massive device coverage, thereby making it possible for users to access their account from any device platform, be it mobile web client, browser-based clients, Android and iOS platforms.
d. There will also be margin, index and futures trading. ProBit will also support fiat-to-coin as well as ICO marketplace.

PROBIT TOKEN AND TOKEN UTILITY

ProBit token is known as PROB which will be a utility token based on Ethereum blockchain, that is, it is an ERC20 token. PROB will have a maximum supply of 200,000,000 and will be used for payment of fees such as trading fees, listing fees etc.
Token Utility;

There will be trade mining, which will open after the platform launch.
There will be a trading discount which will be paid in PROB.
When users tell their friends and families about ProBit, and they decide to register, they can do so via the user's referral link while the user is paid referral bonuses.
There will also be a buy-back program or repurchase program where 20% of the profit generated within the platform will be used to purchase PROB. This will continue until about 50% of the total supply is purchased. The purchased token will be stored in a cold wallet and will be used in cases of emergency such as hacking etc.

CONCLUSION

ProBit aims to be a unique cryptocurrency exchange where users will experience a whole new level of trading at the same time being assured of the safety of their funds. ProBit will be easily accessible from anywhere in the world and from any device.