INTRODUCTION
Cryptocurrency is the formation of cryptography+ currency. A Cryptocurrency is a medium of exchange like the normal Fiat currency such as USD , EURO, YEN...etc, but it’s designed to be exchange digitally( in form of Tokens) through a process made possible by certain principles of Cryptography. The first Cryptocurrency was pioneered in 2008 and years from other forms of digital currencies.
Therefore, since the blockchain industry has been in existence, and improvement over the years has given way for the Ethereum smart contracts, Cryptocurrencies has been embraced by the populace and it has been seen as an asset to humans. Since its seen as an asset, the aim to make and maximize profit on their Cryptocurrency asset.
Cryptocurrency trading is inevitable and it is simply the medium of exchange where you buy and sell Cryptocurrency for another like Bitcoin or alternative coin(Altcoin) for USD and Euro. And since the inception of trading, Some hurdles has gripped the trading ecosystem of Cryptocurrencies. Since then, innovations most significantly Ethereum blockchain have laid the foundation for building further innovations capable of growing borderless economies. The world global financial system in its current mode of operations, is largely centralized, and that applies to Cryptocurrencies. Therefore making Cryptocurrency traders to rely on brokers to trade assets and asset derivatives.
By making serious analysis on the existing trading system which has worked and failed many times, Nebula exchange sees the opportunity of centralizing trading of asset derivatives in a peer-to-peer and secure way over a blockchain network, thereby reducing risk and lost of funds.
However, most of these platforms provide limited information to just the price and daily trading volume cryptocurrencies. But Cryptocurrencies traders needs more than just price and trading volume data statistics in order to make decisions regarding their digital assets . They need information that is not just based on the price and volume of different cryptocurrencies in circulation. It is with this information that asset holders get from these exchange platforms that they use in making their evaluation and analysis and eventually take the decision as to whether they invest in that digital asset at that point in time or in the nearest future.
Moreover, The transit from Bitcoin blockchain technology to Ethereum smart contract blockchain technology has opened a huge flexibility and easy to use for the success of cryptocurrencies, but the competition is much higher at present, it is now a necessity when trading Cryptocurrency assets on exchanges, and this factors brings about bad decision by new and existing customers are:
News (Fundamental Analysis): News is regarded as fundamental analysis in the Cryptocurrency market or forex market in order to be current on the latest digital asset seeking potential buyers, an individual in the Cryptocurrency market must be active and have multiple streams news sources, and despite having multiple sources of news, most sources always favor all kind of tokens, thus, leaving asset holders with filtered and bias news.
Market sentiment: There are many token on exchanges with little information about a token, the complete information about a cryptocurrency is not readily made available to cryptocurrency digital asset holders 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.
Macroeconomic view: In the cryptocurrency ecosystem, experts, enthusiasts, often mislead asset holders due to their loyalty and influence to a digital token company, so as far as this influenceers or news sources makes profit. Asset holders subscribe to many platforms to get information that will help them in making decisions related to trading, and also want to be among the early birds to receive informations and thus, it’s impossible and leaving users with fingerd news, thereby misleading the community members.
Analyst report/ Price tag: we have many numerous analysis and reports from man that cryptocurrency enthusiasts about a token on many social media platforms and Cryptocurrency media outlets. Most of these analysis are basically people opinions who are experts in the field. Thus, since these analysis are coming from popular experts or enthusiasts, digital asset holders easily subscribe to it without even getting to know the analysis and people’s view in the field. Most of these analysis are usually incorrect and records of the events are not been archive and this sources haven’t give opportunity for tokens comparism.
Security Token Ambiguity: The lack of support and bias ambiguity towards security tokens by exchange platforms are one of the major challenge In cryptocurrency trading, and if most of this exchanges can engage in orientating amd re-orientating the cryptocurrency traders, trading of digital asset as a whole will take a new shape.
OVERVIEW OF NEBULA EXCHANGE
Nebula exchange is a centralized exchange platform that deals with cryptocurrency digital asset exchange and aims to blend the cryptocurrency trading platform with updated news which is regarded as fundamental analysis and technical analysis from various cryptocurrency experts for proper review from users for a recreate trading user experience. Nebula exchange platform believes that users/ traders that are just entering into the trading ecosystem needs information beyond the price and volume of cryptocurrencies and it is set to provide them with all the adequate and necessary information needed to make decisions on their digital assets portfolio choice and makes good profit from their respective portfolio holdings.
NEBULA SOLUTIONS
Security: As well are all aware as an individual that safety is paramount and necessary in Cryptocurrency trading in order to protect traders from cyber attacks, malware and hacking of uses assets, Nebulan exchange is developed with the sole aim to ensure protection of digital assets through the following means:
2-factor authentication for login and withdrawal
Ddos protection from cloudfare
Multi signature for hot and cold wallets
World leading consultants to ensure constant safety.
Trading Platform: Nebula exchange has developed simple trading platform for traders which can handle upto 1,000,000 transactions per second with professional charts, limits market, and stop loss order feature, trades history and deployment of Nebula’s multi Sig wallets which can be monitored 24/7 and a 10x margin trading opportunity feature.
Platform for Sharing Information: Nebula exchange will make available unique and genuine news for users across its platform which must undergone review by Nebula exchange before been made available to users to ensure the success of the platform users. In this platform, users can also air their opinions amongst each other using the or multi-language trollbox and P-2-P messaging system.
Affordable Listing : Nebula Exchange aims to promote promising projects which undergone due diligence selection process and ensures the provision of affordable listing fee to provide Nebual exchange community members with the best upcoming projects and this will give project developers opportunities to spend funds on product development rather than listing fees.
Referral System: Nebula exchange made this feature available in order to reward it users who bring in new users to Nebula exchange ecosystem to trade cryptocurrencies digital assets.
Security Token: Nebula exchange is collaborating with other supporters of security token e.g. polymath, in order to work out a compliance settlememt system for security tokens as Nebula ecosystem continues to grow and expands its wing in the trading industry.
NESC TOKEN UTILITY AND BUY-BACK
Nebula exchange users will be able to pay transactions fee with their NESC utility token which gives them upto 50% discount and also give developers opportunity to list and pay for their token listing on Nebula exchange with NESC token which will later be burnt. Nebula exchange will buy back tokens with upto 25% of its profit quarterly and burn them off, but buy back announcement would be made beforehand and all tokens burning will be put to amd end once NESC supply reaches half of its original total supply.
TOKEN ECONOMICS
Token Name= Nebula Exchange Star Credits
Ticker= NESC
Token Type= ERC20
Token Price= $0.40/NESC
Private pre-sale soft-cap= USD 500,000
Public Sale Hard-cap= USD 20,000,000
Upper cap on total tokens Generated= 100,000,000
ROADMAP
THE TEAM
FOR MORE INFORMATION:
Written by: phatpharm20
Authors Bitcointalk Username: phatpharm20
Bitcointalk Profile Link - https://bitcointalk.org/index.php?action=profile;u=2038562
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