NEBULA EXCHANGE: Project Review
Introduction
Since the late 2008, when Satochi Nakamoto invented bitcoin as a side-product of the decentralized system called blockchain, many other Cryptocurrencies have been developed and millions of people, governments and some financial institutions have thrown their weight around this golden invention of the 21st century. However, in order to participate fully in Cryptocurrency trading, there arises the need to use a very good Cryptocurrency exchange.
A Cryptocurrency Exchange is akin to a stock market exchange. It is a third-party platform on which you can buy or sell Cryptocurrencies. A Cryptocurrency can only be exchanged to fiat or another Cryptocurrency on an exchange.
There are different types of Cryptocurrency exchange based on the type of services they offer. They can trading platforms, peer-to-peer exchanges or brokers. In choosing an exchange, factors such as security, speed, fees, method of purchase, ease of use, efficient customer service, etc. needs to be considered. One example of a Cryptocurrency exchange that ticks all these important boxes is Nebula Exchange; a platform based in Singapore. The exchange was launched towards the end of February with a new and innovative reputation system.
About Nebula Exchange
According to the development team working at the Nebula Exchange, this exchange was built with small and upcoming projects in mind. Nebula exchange is going to support digital currencies and blockchain projects abandoned by leading digital currency trading platforms. On current and leading exchanges such as Bittrex and Binance, it is quite difficult for digital currencies with a small market caps to thrive. This is because large exchanges tend to list digital coins, which have an opportunity to attract more buyers and traders. Also, some of the major exchanges have a listing fee that ranges between $50,000 and $500,000. One of the main distinctions would be that Nebula Exchange will offer the smaller altcoins that cannot afford to appear on the major exchanges, the opportunity to get listed on its platform, for a small fee.
Other advantages of Nebula exchange includes;
FIAT TRADING
There will also be an option to buy and sell Cryptocurrencies for fiat, majorly EUR and USD, with a simple Know-Your-Customer (KYC) procedure and secure deposit options.
WALLET
Like most popular Cryptocurrency platforms, Nebula Exchange offers a multi-signature wallet, with the option to store, send and receive Cryptocurrencies.
PROPOSALS
In the light of Nebula’s innovative plans to offer a platform for obscure coins, developers have the option to propose their coin for listing, by filling in a brief form on the website for consideration.
RATINGS
Like e-commerce platforms, Traders will be able to vote and rate the various projects and coins on the exchange. Scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings. This will give newcomers and casual traders a more efficient method of choosing the right projects to invest in. Projects with high ratings will be rewarded by being advertised on the front page of the exchange, giving more exposure to traders and investors on the trading platform.
SECURITY
In light of recent security breaches and hacks, such as the theft of over $530 million worth of NEM from Japanese trading platform Coincheck caused by the usage of hot wallets, Nebula implemented a robust multi-signature encrypted cold storage of client funds safely offline, in order to prevent hacks and thefts.
Android & iOS App
In addition to the abovementioned, Nebula promises the launch of mobile application for Android and iOS devices that will enable clients to trade on the go.
Low Fees
The low fees is particularly attractive, as well as the possibility to invest in upcoming, but promising crypto projects, which are not listed elsewhere.
Team
Roadmap
ICO Details
Token symbol: NESC
Token type: ERC20
Total tokens: 100 million tokens
ICO supply (private & public): 75 million tokens
Soft cap: 500,000 USD
Hard cap: 20,000,000 USD
Price: 0.4 USD
Projected sale date: TBA
Conclusion
In lieu of the foregoing, it is clear that Nebula exchange looks very promising and has some really nice features. However, it is a new and growing platform with something different on the cards. Given time, it can address the concerns, requirements, and demands from the Cryptocurrency community.
"Learn more"
Website: https://nebula.exchange
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=3642473.msg36660706#msg36660706
Twitter: https://twitter.com/Nebula_Exchange
Facebook: https://www.facebook.com/Nebula.exchange/
Linkedin: https://www.linkedin.com/company/nebula-exchange/
Telegram: http://t.me/nebulaexchange
Instagram: https://www.instagram.com/nebula_exchange/
"Author"
BTT Username: Miracle24
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1231391;sa=forumProfile