ENCRYBIT - The Future Of Exchange

The idea of cryptocurrency has evolved and transformed over the last decade and in response to this advancement, the market has witnessed the emergence of crypto exchanges pop up all around the world. The global cryptocurrency market started 2018 with a bang, hitting a record high of $700 billion in market capitalization. All signs point toward an increasingly large cryptocurrency exchange market as new crypto traders continue to join exchanges. With over 500 exchanges and growing to trade through, it’s become increasingly valuable to understand the key pieces of news and information which differentiates the sharks from the minnows. Here is the deal ENCRYBIT is revolutionizing cryptocurrency exchange which features enriched trading platform for modern and enchanced trading experience.

ENCRYBIT EXCHANGE PLATFORM

Encrybit is the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges available in the current market. The Encrybit UI/UX promises a trading experience like no other. They are presenting top notch cryptocurrency exchange with a secure, agile and user-friendly interface which aims to simplify and enhance the trading experience and also solve problems like poor user support, indecisive policies, trading reports, fluctuations, high trading and withdrawal fees and many more.

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.

Problems Encrybit Seeks to Solve

Security

This is a major loophole that has been discovered on many exchanges through survey carried out by Encrybit. As at the time of creating this post, over 90% of crypto market trading volumes are on centralized exchanges.

This is surprising considering the fact that most crypto individuals seems to desire decentralized ones, but due to low and poor volumes on decentralized ones, users adopt centralized exchanges which exposes them to the risk of hack but still use it due to the better liquidity they offer.

Poor Liquidity

The crypto assets market is still very volatile, and this leads to a major shift in price during large orders. This is due to the fact that there is a limited amount of liquidity in the crypto market compared to the fiat market.

This is the reason why low level exchanges with 100BTC trading volume face supply/flow crisis. This causes a swing in the market and till now, no exchanges have been able to come out with a solution.

Extreme Crypto Trading Fees

The ENCRYBIT survey revealed that crypto traders were worried about the dealing fees. Most digital asset exchanges ask for a charge of 0.25 percent to 3 percent. On decimalized money exchanges, the need for a fee is small or does n’t exit. These charges are required since centralized digital money exchanges are expensive to operate.

Solution Provided

Security will be the major priority of the Encrybit project. When they conducted survey on some traders, they found out what these traders believe to be a modern first generation crypto assets exchange platforms and the top demand was security.

This made Encrybit to develop a multiple strategy to tackle security loopholes. They are creating a cold storage and multiple system protocol in what they believe will aid their transition into a new generation exchange platform. This multiple tier security will enable them to safeguard user's crypto assets.

Another unique feature of the Encrybit platform is their advanced built in technical analytics that will enrich a high level of TA capabilities. This feature is going to be extended to a large number of assets. Through this, Encrybit will help traders to set up an ideal trading surrounding which will also improve liquidity.

UNIQUE FEATURES

Encrybit is a truly unique exchange that combines all the modern features that no traditional exchange has, making it a unique and advanced trading platform. As I said earlier, the basis for the creation of this exchange formed a deep and large-scale research, as well as a survey of a wide mass of people with direct experience with existing exchanges. The survey identified the most desirable and necessary functions for traders, which should have a full and modern exchange.

These features include:

Smart alert

It is one of the most popular functions, the main task of which is to timely notify the trader about the movement of the exchange rate of coins, informing him by e-mail or by ordinary notification in the application;

Coin comparison

This function is aimed at the analysis of three or more coins, thanks to which the trader will receive a line chart so necessary to compare the current and the strength of the coins;

The book of wide order

It is presented in the form of a book of orders, which contains all the processes necessary to study the best moments to enter the short-term trade. This information will be relevant for many novice traders and will allow them to protect themselves from possible errors;

Social trading

It built in such a way that every trader has the opportunity to evaluate and view all the transactions of another trader, as well as repeat all his actions. This principle will allow not only to follow the strategy of another exchange participant, but also to learn his techniques;

P/L reports

They are aimed at notifying the trader with all the necessary information about his losses and profits. At the same time, it allows a deep analysis of the obtained statistics to further adjust its strategy.

Crypto Rader

Analyze the price movement in certain amount of time with technical indicators to make excellent entries into trades

Advanced Order Summary

Detail descriptions of your current orders, trade positions, portfolio data and ROI in both BTC and USDT values.

News

Instant access to news and social media updates on all the coins on your watchlist.

Chat and Discuss

Join coin specific chat rooms where traders can share their thoughts, screenshots and ideas for any coin. Each coin have its own chat group.

Screenshot and Share

Click photo of the trading screen and share it among social media or third party discussion portal. User can share it with Encrybit chat groups.

Multi-Chart Layout

Traders will be able to view and analyze multiple coins (up to 6) charts in the same window.

Paper Trading

Paper trading will allows traders to trade using dummy money on live data. It will help traders to test their trading strategies and allowing beginners to self educate about trading.

Trailing stop loss

Users will be able to set trailing stop losses on their trades allowing them to automatically adjust stop loss as price action moves higher or lower.

TOKEN AND ICO DETAILS

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.

In total, the founders of Encrybit will release 270 million coins of which 172 million and 800 thousand coins will be available for sale.

The initial cost of which will be $ 0.2 per 1 ENCX.

Token Details

Token Symbol – ENCX

Token type – ERC20 Utility

Total Token Supply – 270,000,000

Token Price – $0.2

Soft cap – 5.4 Million in USD

Hard Cap – 32.4 Million in USD

The distribution of tokens and funds is as follows:

ROADMAP

Q1 2018: Jan, 2018 to March, 2018

Foundation Establishment

Foundation Establishment

Planning of Exchange Development

Launching of Internal Tools & Services

Q2 2018: April, 2018 to June, 2018

Encrybit.io Website Launch

Corporate Entity Establishment

External Team Building

Exchange Feature Prototype

LitePaper Published - English, Korean, Russian, French, Malay, Italian

ICO and Exchange Marketing

Listing of Encrybit in Major Publications

Cryptocurrency Exchange Problems Survey

Q3 2018: July, 2018 to September, 2018

Community Building

Global Promotion and Publication of Encrybit

Cryptocurrency Exchange Evaluation Survey

Launch of Main ICO Website along with Whitepaper and Prototype

Pre-ICO Bounty Programs

Q4 2018: October, 2018 to December, 2018

Private Sale Launch

ICO Goes Live Round 1 – Pre Sale

Q1 2019: Jan, 2019 to March, 2019

ICO Round 2 – Public Sale

Marketing and Promotions of Exchange

Exchange legal and compliance process

TEAM

For more information, please visit the links i have provided below;

WEBSITE: https://encrybit.io

TELEGRAM: https://t.me/encrybit

WHITEPAPER: https://encrybit.io/pdf/encrybit-wp-v1.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=4837693.0

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

TWITTER: https://twitter.com/enbofficial

MEDIUM: https://medium.com/@enbofficial

LINKEDIN: https://www.linkedin.com/company/encrybit/

REDDIT: https://www.reddit.com/user/encrybit

STEEMIT: https://steemit.com/@encrybit

Author: BrainerdPaul

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409