An Exchange Platform for Bitcoin, Ethereum, and Altcoins
For most digital currency investors, the centralized cryptocurrency exchange is one of the most important vehicles for transacting. Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common means that investors use to buy and sell cryptocurrency holdings. Nebula Exchange is a blockchain-based crypto exchange platform combined with social network. The service provides high-level security from cyber attacks and 2-step authentication for users. The platform can register about 1 million operations per second and provides 24/7 monitoring. The project utilizes review and reputation systems so participants can write comments and receive consultations from experts P2P message boxes are available for all users.
Nebula Exchange will allow for users to trade with up to 1:10 leverage through the use of derivatives, which can be quite attractive for more dedicated traders and is a service similar to that of many regulated forex brokers who offer margin trading on cryptocurrency CFDs. The nice thing about Nebula Exchange is that a client can use their account both for buying and selling cryptos and for leveraged trading. This exchange was built with orphaned projects in mind. These projects have been unable to find an affordable listing. It is going to support digital currencies and blockchain projects abandoned by digital currency trading platforms. Some of the major exchanges have a listing fee that ranges from $50,000 to over $500,000. This is a figure, which small projects cannot afford. Nebula exchange is the only cryptocurrency exchange that focus on community-based aspect where people can grow wise by sharing crypto-knowledge. Listing a new coin on this innovative platform is fairly simple. The proposer of the new coin has to fill a form which asks for the information of the proposer and the coin to be listed. The details of the coin such as if the token is ERC20 or ERC223, whether it is security or utility token, does it have a whitepaper, etc. Once the details are provided, the nebula team send an email with tentative cost which are then finalized after mutual agreement.
Nebula Exchange will also offer the option to buy and sell cryptocurrencies for fiat – EUR and USD, and Q4 it will pair JPY and KRW. With a simple KYC procedure and secure deposit options. The Nebula fee is just a 0.1 percent fee and a small taker fee combined with affordable listing fees. The Nebula exchange is eyeing to take over the niche market of projects that have been orphaned due to lack of funding in the last two years.
Nebula Exchange will also offer a multi-signature wallet, with the option to store, send and receive cryptocurrencies. Traders will be able to vote and rate the various projects and coins on the exchange, similarly to products ratings in online stores like Amazon. Thus scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects.The altcoins and projects with high ratings will be rewarded with free advertising on Nebula’s front page.
Nebula promises multi-signature encrypted cold storage of client funds, in order to prevent hacks and thefts. In light of recent hacks of crypto exchanges with some hacks leads to the loss of over $500 million, Nebula has some very tough security measures in place. It has implemented a multi-signature system, which will ensure that the funds from users are operated. They also operate a cold storage wallet, which stores funds offline. In addition to everything else, Nebula promises the launch mobile application for Android and iOS devices that will enable clients to trade on the go. This is still in the works, though.
Nebula token (NESC) is based on Ethereum ERC-20 technology and smart contracts. Coins are used as a reward for participants and as a payment on the service. Soft cap is $500 000, hard cap – $20 million. Tokens are distributed the following manner: 65% – crowd sales, 20% – team/advisors, 10% – pre-sales, 5% – airdrop and bounty.
- Users can pay transaction fees in NESC for a 50% discount
in the rates. All transaction fees collected in the form of NESC
will be burned. Discount is subject to change in the future.
- New coin listings will be required to pay in NESC Tokens,
creating a steady flow of demand as we grow. All NESC Tokens collected for listing fees will be burned.
- Every quarter, Nebula Exchange will use 25% of its profits
to buy-back NESC tokens and burn them. All buy-backs will
be announced beforehand.
- All token burning will stop only once we have reached 50mn NESC tokens in distribution.
Nebula Exchange looks very promising and will have some really nice features, and its finally launches its operations. For more information please visit links below :
ICO page : https://nebula.exchange/ico