Encrybit-The Cryptocurrency Exchange

PRESENTATION

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Encrybit, a "results-oriented" company and therefore the team already made its vast research for security concerns, considering the past few incidents where exchanges had attacks causing platform users heavy losses.

The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.

There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”

With that being said, Encrybit R&D team is well organized to analyze cryptocurrency market and traders emotions about the cryptocurrency exchanges. To develop traders based exchange its important to point the traders challenges and expectation from the trading platform. Encrybit found the best way to identify the traders emotions and that was surveys. One of the most top successful surveys of cryptocurrency community.

Encrybit exchange is the first research-based company, that has carried out so many research's and succesful surveys among over 12k cryptocurrency traders in over 167 countries. Encrybit exchange is on a mission to provide users with a simple, reliable and low-cost service to use, buy, sell, and trade various crypto assets, from range of countries. Encrybit token known as ENCX will be the utility token of the Encrybit platform.

Encrybit exchnage makes available to its users with extensive market research tools which include data analytics, trading strategies, trade signals, cryptocurrency news and so many others you can think of. Encrybit surveys corroborated this trend in the users, finding alot of things that people expect from trading platforms but often being left disappointed, causing them to look for third-party software to provide for these expectations instead. Encrybit is preparing to solve almost all the major issues of existing cryptocurrency exchanges, which push the traders to use this third-party software. The main reasons why people choose third-party charting platforms are:

TA tools are not enough to make a proper analysis;

The chart is not clear and most of the times too small;

The trading UI is confusing and not user-friendly.

Here are some of the problems facing the crypto exchanges of today.

High Trading Fees: Popular exchanges can charge between 0.5% to 3% in fees.

Security: So many Exchanges do not have a strong security to protect users assets.

Poor User Interface: There are so many crypto exchanges that has a poor User-interface which makes it difficult for users to Navigate through the platform.

SOLUTIONS ENCRYBIT EXCHANGE OFFERS

High Security: Encrybit exchange offers users with top notch security, and uses ISO/IEC (International Electrotechnical Commission) 27001:2013 CSS (Cyber security standards) and CCSS (cryptocurrency security standards) for platform infrastructure. ISO/IEC 27001 specifies a management system to bring information security under management manifest control.

Modern User Interface: Encrybit exchange has a well designed User interface that makes the trading experience enjoyable and convenient for Traders. The Encrybit UI/UX promises a trading experience like no other.

Multilingual Support: Unlike so many other traditional cryptocurrency exchanges, the Encrybit exchange will support so many languages such as Chinese, Japanese, Korean, Russian, French and Italian. New language support will be included depending on the number of users from a particular country. The Default Language of the Encrybit exchange will be English.

Transparency: The Encrybit exchange will make every operationcarried out on the platform transparent to every user, such as coin listing process, trading fee structure, airdrops and Bounties.

Withdrawal Fees: Encrybit exchange makes it possible for traders to pay 50% less if you pay your fees with the ENCX Tokens.

FEATURES OF ENCRYBIT EXCHANGE

DEMO TRADING:

This feature will allow users to trade on the Encrybit platform with virtual currencies, giving them the opportunity to practise different trading startegies and also explore the platform

STOP LOSS:

This feature makes it possible for users to set trailing stop losses on their trades

MULTI-CHART LAYOUT:

This feature makes it possible for traders to monitor different trading pairs on the same window. No need for minimization.

SCREENSHOT AND SHARE:

With this feature you can screenshot your current trading window

CHAT AND DISCUSS:

This feature allows traders to chat and discuss about trades and strategies

PROFIT AND LOSS REPORTS:

Traders will be able to see the profit and loss reports presented in Business format.

SMART ALERTS:

This feature allows traders to set notifications on price changes.

TOKEN DETAILS

Token Symbol: ENCX

Token Type: Utility

Platform: Ethereum (ERC-20)

Total Supply: 200,000,000 ENCX

Circulating Supply: 172,800,000 ENCX

Token Price: $0.2 USD

Soft Cap: $5,400,000 USD

Hard Cap: $32,400,000 USD

Accepting: ETH, BTC

PRIVATE SALE DETAILS

Token Available for Private Sale: 27,000,000 ENXC

Private sale Ends: DEC- 03 - 2018

Accepting: BTC , ETH

TOKEN ALLOCATION

50% of Tokens for sale

2% Referrals and Bounties

2% Advisor

11% Encrybit

10% Founder

10% of Initial Investors

5% Team

10% of ongoing development funds

FUND ALLOCATION

30% Development

25% marketing

15% Administrator and Support

13% Security and Audit

2% legal

15% reserve

ROADMAP 

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.

The ENCX coin intends to become the main element of the entire Encrybit system. The use of ENCX will allow to carry out a huge number of actions related primarily to the collection of commissions and all exchange processes. 

For more information, please visit;

website: https://encrybit.io/

facebook: https://www.facebook.com/encrybitofficial/

Telegram: https://t.me/encrybit

Twitter: https://twitter.com/enbofficial

white paper: https://encrybit.io/pdf/encrybit-wp-v1.pdf

AUTHOR

nelsonjohn

BITCOINTALK PROFILE

https://bitcointalk.org/index.php?action=profile;u=2387325