NEBULA: A RE-DEFINED CRYPTO TRADING EXPERIENCE

elvisdika1 (34)in #blockchain • 6 years ago (edited)

INTRODUCTION:
Crypto trading is currently regarded as one of the most promising business a person should go into as it is flourishing and as such draws the attention of many investors from both the private and public sectors. The business which has thrived in time past and is still thriving has made way for several individuals to be self-employed. Individuals can comfortably rely on cryptocurrency trading/ investment and even live above average. The business also grants employees who wish to have an additional source of income to partake in the business without disrupting their work as they get an extra source of income. The business has also attracted platforms whose primary function is to provide information to investors to aid the trading process.
However, most of these platforms provide information limited to just price and volume cryptocurrencies. But investors need more than just price and volume data to take their stand and make decisions regarding investment. They need information that is not just based on the price and volume of different cryptocurrencies in circulation. It is with this information that investors get from these exchange companies that they use in making their evaluation and analysis and eventually take the decision as to whether they invest in that cryptocurrency at that moment or later in the future.
However, the complete information about a cryptocurrency is not readily made available to investors due to many reasons. Most companies that have a token in any currency are usually present in multiple platforms where investors go to get information. Their presence on these platforms attracts different kinds of customers that seek to invest in a cryptocurrency with the information they get but they fail to get the information they need. What these investors receive is the opinion of investors who have already invested in the token and as such, the opinion will be biased because it seeks only the growth of that token. The opinion of other investors that are yet to invest in the token or that did not invest in the token will not be heard.
Also, aside from the fact that investors join many platforms to get information that will help them in making decisions that relate to trading, they also want to be among the first to receive the information. However, it is impossible to maintain a presence in multiple platforms and still be among the early birds to get information. What happens is that crypto media and individuals who see this news first pick it up the news and share it with other people. Before the news gets to investors, they are then filtered and biased.
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Furthermore, we see various analysis and reports from so many people about a token in many social media platforms as well as crypto media. Most of these analyses are usually opinions of people who are supposed experts in the field. Since these analyses are from popular experts, investors easily buy them without even getting to know the analysis or opinion of others in the field. Most of these analyses are usually incorrect but because records of previous reports made by these supposed experts are not kept on social media, they are not questioned.
Finally, we can see that security tokens are barely supported by exchange companies. If most of these exchange companies support and educate investors alike, the progress of crypto trade will take a new dimension.
These points listed above are the problems faced by the crypto trading and if appropriate measures are taken to solve them, then it will attract more investors and its efficiency increased.
INTRODUCTING TO NEBULA EXCHANGE
Nebula exchange is a centralized exchange platform that deals on cryptocurrency exchange and tends to blend the crypto trading platform with updated news, technical analyses from various experts and review from users for a refined trading experience. We believe that users that are just coming into the trade need information beyond the price and volume of cryptocurrencies and we are set to provide them with all the necessary information required to make concrete decisions on investment on cryptocurrencies and appreciate the trade while making huge profits on their investments.

Comparing centralized and decentralized systems of operation, we have decided to operate on the centralized platform based on a few advantages. While centralized systems have a dedicated team, a decentralized system is without name or team, hence nobody is held responsible in event of a loss on investment as a result of wrong analysis or information provided. Also, that the value of certain cryptocurrencies tends to reduce upon sales in the decentralized system but remains the same or even appreciate in the centralized system. In addition, centralized systems have measures to track a user, an example is the KYC (know your customer) whereby the details of every user is available but is absent in decentralized systems. This enables users to build trust and can take on very high transactions knowing that security measures have been put in place for their safety. Since we want users entering into the trade to have a superb trading experience, we provide them with a team that provides scrutinized data and analyses from trusted and expert traders so that the loss they incur will be reduced to the barest minimum. We also want users to get maximum value for their investment such that the fear of losing some value of assets upon sales is eliminated. With a dedicated and committed team, we stand to provide users with an experience that is beyond trading while guaranteeing security, minimum loss as well as maximized profit on investments.
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The Nebula exchange platform has a team with high professional data. Our team also has long and rich experience cutting across many fields such as business and investment, security management, engineering, IT and computing us an advantage in the industry.
Nebula has put several strategies in place to tackle the various problems faced by users in crypto trading and guarantee a refined trading experience. Some of these strategies include the use of passwords and 2FA (two-factor Authentication) during logins and withdrawals to tackle the security issues; a very large and strong platform capable of registering as many as a million transactions per second and also a platform for sharing information. A review system will also be made available where users can rate reviews on a particular currency on a 5-star grade. Highly-rated reviews will be made top so that new investors can search for top reviews and follow them to get updates on a particular currency. In this way, they will not fall for scam since highly-rated reviews will possess a high level of authenticity. A reputation system will also be available such that the opinion of users will be rewarded. As the user logs in, invites a new user or receives commendation from other user, points are awarded to him. Users can also be rewarded for their contributions to the community making it easy to identify respected members on the platform and also check the history of their previous opinions/prediction. Considering the difficulty in getting updated and accurate news, Nebula will create a platform such that only news tested and found to be accurate is allowed into the platform so as not to mislead intending investors. A platform where the opinion of other users in the community will be heard will be made available whereby users can interact on a one-on-one basis via our peer-to-peer messaging system or as well interact with the wider community in the multi-language troll-box

Nebula exchange also aims at becoming the first exchange to support security tokens on their platform this means settlement in a settlement in traditional equity and crypto markets.