ProBit: The Coin-2-Coin Exchange Seeking to Reinvent the Cryptocurrency Exchange Business

iphyy (32)in #ico • 6 years ago (edited)

The pitiful reality is, the history of cryptocurrency exchanges has been problematic, best case scenario. The very first exchange, MTGox started life as a site for Enchantment: The Gathering game enthusiasts to trade cards. It transformed into a Bitcoin trading site, and for some time it dominated the Bitcoin market before imploding in spectacular form. That event likely contributed to the long crypto-winter of 2014– 2016. After that debacle, there followed a series of hacks, exit tricks, and legal activities that plagued and eventually 'disappeared' numerous exchanges. The majority of this fair underscores both the trouble and importance of security.

Even professional, regulated, and well-funded exchanges have had their problems. Coinbase and their GDX platform spectacularly buckled under the pressure of new demand amid the run-up to 20,000 dollars toward the end of 2017. Their platform wasn't initially designed for that sort of volume, and scaling up can be hard.

This means however crypto-infrastructure has progressed by leaps-and-limits over the most recent couple of years in terms of both security and convenience, there is as yet an enormous open door for upstarts to come in and improve on what has already been assembled. ProBit, a new exchange currently jump starting out of South Korea, is seeking to do only that.

The ProBit Advantage

First movers often have an advantage of low competition which means they can expand quickly — it additionally means that they can make the most evident mistakes. MySpace and Friendster were great platforms that looked well-positioned, that got completely overtaken by upstarts that learned from the principal movers' mistakes.

ProBit Security

ProBit is finding a way to make sure that reserves entrusted with them are safe. Above all else, 95 percent of all coins will be stored in offline cool wallets with no connection to the internet. Along these lines, even if the site was to be hacked, there would be no chance to get for the hackers to redirect more than a small amount of the assets.

Further, customers' data and all private keys will be encrypted with multiple passes of the strongest encryption reasonable. Even were a hacker able to get customer data files, they would have no real way to access the information inside.

At long last, ProBit enables users to use hardware security keys — USB dongles that you need to connect to the computer when affirming an exchange. No hacker will be able to manipulate any customer's record on the off chance that they don't have that hardware key. For users who would prefer not to use that sort of key, 2FA, for example, Google Authenticator is likewise a choice.

ProBit Trading

This is a real purpose of pride for the people at ProBit. They have designed a trading engine that can handle up to 1.5 million trades per second. When the next Bull Run happens, they are ready, willing, and able to make sure your trade goes through when and how you need.

At first, ProBit will be a coin-to-coin exchange, however fiat currency pairs might be added later. As a coin-to-coin exchange, however, they brag an impressive 157 listed coins — perfect for the trader hoping to capture some benefit off the rise and fall of altcoins, large and little. Traders will likewise be able to lead market, limit, stop, and stop-limit orders. More features like edge trading and futures are planned.

ProBit Reward and Lottery

From November 5– 30, ProBit will be running a Reward and Lottery to encourage people to locally available.

EOS and Universe 9 Lottery

Each day for the lottery period, Probit will be rewarding ten users with 10 EOS coins.

Each week, they are granting one very fortunate user with a Universe 9 phone.

Tickets are awarded for the accompanying activities:

Referral: 10 tickets

Join the Telegram gathering: 10 tickets

Pursue on Facebook or Twitter: 10 tickets

Tickets don't expire all through the lottery period, and users can win the same number of times as their number comes up!

Abundance Program

ProBit is likewise offering a generous reward of 40,000 USDT to be distributed to those who promote the service via web-based networking media. Extra focuses can be earned by:

Getting friends to join the Telegram gathering

Connecting presents on Twitter or Facebook

Creating star ProBit content for personal sites and real platforms like Medium, Steemit, YouTube, etc.

ProBit Coin (PROB)

ProBit likewise has their very own utility token for use on the platform. Use of the token will entitle the holder to a number of benefits:

Limits on trading fees

Casting a ballot rights for posting of new tokens

Early access to new platform features

PROBs can be purchased or mined. Amid the mining period, they are automatically generated amid trades at the rate of 80% of the trade fee at the current market value of the coin.

Before the Trade Mining phase, there is a Pre-Sale period where members can purchase PROB at a 10% reward.

End

At this moment the whole of the crypto-sphere is under intense development. To those looking in from the outside, it seems like we are as yet trapped in the market droop after the huge increase toward the end of 2017, yet on the off chance that you are focusing on all the building going on, it is really clear that the whole market is poised for a huge breakout.