An Exchange Platform for Cryptocurrencies - NEBULA EXCHANGE

ammier (35)in #cryptocurrency • 6 years ago (edited)

The disruption of blockchain technology has led to the widespread of cryptocurrency awareness. In the recent years, the cryptocurrency ecosystem has seen major growth with new participants joining the crypto market year on year. The year 2017 was earmarked as a major year in the cryptocurrency market as several conventional laws of market behaviours were defied coupled with the influx of new investors. Also, the market capitalization of the cryptocurrency market increased by 3,363 and the number of digital assets and cryptocurrencies increased by 116.37% and the number of blockchain wallets reached as far as 24million wallets users as at the end of March 2018.

Despite these feats, the cryptocurrency market still seems to be in its infant stage and gaining immense acceptance. Due to this, several blockchain companies launched different cryptocurrency exchanges to cater to the needs of investors who wish to trade their cryptocurrencies and digital assets. Despite this impressive growth, it is discouraging to know that most of the current cryptocurrency exchanges are either; not user-friendly, too complicated and technical, not secured, has poor API protocols, high transaction fees, difficulty in depositing and withdrawing tokens, website loads slowly, and doesn't support security tokens etc.

In addition, the cryptocurrency market is undoubtedly one of the most highly volatile markets. Due to this, new and experienced traders often sought for platforms and social media channels that can help provide services such as trading insights, signals and forecasts. In fact, some professional traders also make use of bots for automatic trading. Even though some of these services are currently available to traders, the key challenge is that there is not a single platform that provides all the services whereby traders can juxtapose set targets made by different experts, and also when they should exit a particular trade. What is currently present is a situation whereby different platforms provide different services and even in some cases, there's duplication of services. This often leaves traders with no choice but to keep accessing several platforms just to get information. In addition to this, most of the platforms do not have the capacity to examine background data feeds and are also not user-friendly, thereby making it difficult for new users.

The cryptocurrency market is in dire need of exchanges that will not only cater to the needs of the investors but also make cryptocurrency trading interesting and appealing to the expanding cryptocurrency industry. Exchanges that will provide easy to use interfaces, mobile solutions, maximum security, amongst others are highly sought. Having studied the cryptocurrency market and identified the current issues, Nebula aims to bridge the gap by providing an easy-to-use, seamless and secure cryptocurrency exchange that caters to the need of cryptocurrency investors.

Nebula aims to provide a distinctive centralized platform that empowers users with all the requisite information, knowledge and tools needed for the successful trading of cryptocurrencies. With the sole aim of becoming the one stop shop for cryptocurrency related trading activities, Nebula aims to also support security tokens because it believes that majority of the security tokens will stand the test of time.

The Nebula platform is built with the most advanced technology and most recent innovation in the digital asset space, in order to provide users with an easy-to-use interface, convenient and a more technologically informative cryptocurrency exchange.

WHAT MAKES NEBULA UNIQUE?

Nebula aims to provide both new and experienced traders with effective and powerful tools to efficiently carry out trading activities. Below are some of the unique features of Nebula:

Security - Nebula aims to utilize several top-notch distinctive protocols to provide a secure trading platform. In order to provide a secure trading environment for traders, some stringent measures have been put in place in order to ensure the safety of funds and digital assets. For example, the Nebula platform will make use of anti-DDoS attack security solutions and will be 2FA enabled upon log on. In addition to the above protocols, it aims to utilize multi-signature hot and cold wallets for the safety of funds and also carry out audit checks on smart contracts periodically.

High-end Performance: The Nebula exchange has been built to meet up with the growing demand of the cryptocurrency ecosystem. Due to the rich experience of the team, they are able to provide a high-end performance platform that can process about 1,000,000 transactions per sec.

In addition, traders will be provided with professional trading charts that enable them to make an informed trading decision. Also, they can concurrently set stop-loss, limits, take-profit levels on their trades and do margin trading.

Information Sharing - One of the major deciding factors in trading is Media because it can either make or mar a trade. Due to this, most traders always have to monitor major social networks for any recent news or announcements, and this activity can be really stressful. In order to address this challenge, Nebula aims to provide a channel solely dedicated for any cryptocurrency related announcement. This will enable traders to swiftly receive tailored and reliable news that has been duly verified.

Nebula aims to utilize several services such as review system, reputation system, news system and P2P messaging and trollbox. These services will enable effective information sharing on the Nebula exchange. For example, users will be able to provide price targets for the community and other users can rate it based on its efficacy. The rates will be publicized thereby making the whole process transparent.

In addition to the above, one of the key distinctive features of the Nebula exchange is the Reputation System, because it makes use of Reputation Points (PR) such that users earn points for every activity performed on the platform. This is done to further incentivize users and drive activities on the platform. For example, users can share trading tips and advice with other users, and the benefitting users can reward the main user with points. It also makes use of a P2P messaging system to enable users easily interact with one another.

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Security and Utility tokens: The Nebula exchange will provide support for security and utility tokens due to the importance attached to them. The provision of support for this category of tokens will give Nebula an edge over its competitors because most cryptocurrency exchanges shy away and do not want to go through the stress associated with conducting rigorous KYC checks to make certain that a particular trader has the necessary rights to trade such tokens.

In addition, most exchanges do not list security tokens on their platform because they must secure and obtain necessary approvals from the concerned regulatory body before they can enable trading of security tokens on their platform. However, Nebula aims to list security tokens on its platform by utilizing some of the funds raised during its Initial Coin Offering to obtain licenses needed to list security tokens, ensure rigorous KYC checks are conducted and also partner with other relevant players in the sphere to ensure that compliance regulations are met and an enabling compliance settlement system is created.

FIAT pairings: One of the major challenges of most cryptocurrency exchanges is liquidity. Most of the current exchanges do not provide features to enable traders to easily convert their cryptocurrencies to fiat. In addition, most of the trading pairs are always against BTC, ETH, or EOS. However, Nebula exchange aims to provide fiat pairings such as USD, KRW, JPY etc.

Listing Standards - This is one big challenge for upcoming and existing cryptocurrency projects, as they find it difficult to list on a good exchange due to the high listing fee being charged by exchanges. However, Nebula aims to bridge this gap by making sure that listing on the Nebula exchange is hurdle free with friendly rates.

User-friendly - This is one very interesting feature of the Nebula exchange. It will provide users with very easy to use interfaces that will enable them to seamlessly navigate across the platform. It also offers users with a web and mobile version, thereby making it easy for anyone to trade at their comfort regardless of wherever they are.

Referral System - Users of the platform will be incentivized and rewarded for inviting new users that have been verified on the platform.

TOKEN
The Nebula Exchange Star Credit(NESC) will be issued in the form of an ERC20 token. It will function as a multi-utility token that will be used to fuel the Mandala platform.

Platform: Ethereum
Ticker: NESC
Soft cap: 500,000 USD
Current token price: 1 NESC = 0.4 USD

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