PROBIT EXCHANGE | Exchange Just Got Better

Yesterday I talked about a new and revolutionary exchange platform, starting the explanations from basics like Blockchain technology and exchanges, and I have a brief explanation about why HiBTC Exchange is revolutionary, today I am here to delve deeper into this Exchange, to show you why it is a force to be reckoned with in the cryptocurrency world and why it would be a good decision to take advantage of what it has to offer in this early stage of development.

It is no secret that cryptocurrency exchanges are the lifeblood of Cryptocurrencies because without them, Cryptocurrencies would have no value at all but thanks to exchanges, the cryptocurrency market is presently enjoying over $130,000,000,000 in revenue according to the CoinMarketCap and this is why I decided to share information about this new exchange I discovered recently because as an experienced trader, I have seen many exchanges and traded in over 50 exchanges but I saw some unique features in this one that makes it stand out, the name of this revolutionary exchange is ProBit Exchange.

Community Model

As the famous economist Adam Smith posited, redistribution of powers brings about faster throughput in a system. Probit is applying this rule in its engagements. First it is moving away from conventional revenue hold used by existing exchanges. Rather, it integrated community model where all participants are equal and have a say in the community.

This model is in line with the platform's goal of providing users with avenue to lend their views. On the other hand, it will feature in effective redistribution of rewards.

Reward Mechanism

Another upside to Probit is its tendency to reward users. There are speculations that the platform issues incentives to users in possession of its token, it is important to note that the major source of reward is through trading mining.

Through a concept known as trade mining, users are offered certain cuts from the token for their participation in trading. Before a user gets to earn, he must have released some funds for his transactions. Known as processing fee, Probit collated total amount paidbby a user as processing fee and teams this up with the value of the PROB. Afterwards, the amount of tokens to be issued as incentive will be calculated.

TRADING ENGINE

This is yet another thumbs up for the platform. Probit Exchange promises to be faster than all-known exchanges. The core downside existing exchanges is their inability to conduct multiple transactions and when they exceed their scale, the platform suffers low throughput.

Hence, Probit is offering users an exchange that can process millions transactions each second. On the other hand, security will be at optimum because the platform has strikes cord with well-known security outfits. Still on security, some tokens are stored in cold wallets pending their use. There are also multi-signatures and firewall to protect the platform.

USER-ORIENTED EXCHANGE

Have you sought for an exchange when your opinion counts? Probit is an exchange that is taking community building to a whole new level and they have proven it severally over the past few months, presently there is a bounty programme that is aimed at attracting new members to the Probit Community and Probit is one exchange that I see that is very active in social media because they believe in transparency and keeping the community members informed.

SECURITY

In other to be effective in life, it is paramount to learn from the mistakes of others from our past and from past experience, we know that cryptocurrency exchanges are very high value targets for hackers because of the high amount of funds that moves through those exchanges on a daily basis and on this note, it is worth mentioning that the brilliant minds behind Probit Exchange knows this very well and that is why they have installed strict measures to ensure that safety of users funds in the platform with the use of cold wallet storage and various other high security measures that is aimed towards giving traders peace of minds because they know that their funds are secure.

TOKEN DETAILS

Ticker: PROB
Platform: Ethereum
Token Standard: ERC-20
Token Supply: 200 million PROB
Hard Cap: $4.5 million
Accepted Currencies: EOS, BTC, XRP, ETH

Conclusion

Probit is perfect solution to crypto exchange downsides. With the platform, users can easily trade and also take active part in governance and also earn a portion of the fees generated in the platform, this is the first exchange to do this kind of thing and frankly it is very needed at a time like this when investors are searching for a way to invest in Cryptocurrencies but do not know how to go about it, this would enable new users of Cryptocurrencies to be able to invest by mining Probit token in the platform and the mining has never been easier. According to the token allocation, a whooping 50% of the total token supply is allocated to the trade mining.

Learn More About Probit with the links below:

WEBSITE | WHITEPAPER | TELEGRAM | MEDIUM | TWITTER | LINKEDIN

Author's Details

Writer: Collinberg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1532780