ENCRYBIT: ALL-IN-ONE FEATURE ENRICHED CRYPTOCURRENCY EXCHANGE
INTRODUCTION
Cryptocurrencies are digital monetary units that operate independently of a central bank and is permission-less to use. Its transaction information, usually stored on a general ledger, is open and available for system participants to view. Additionally, cryptocurrencies generally do not appeal to authorities such as central banks, tax authorities, or judicial systems. This means that, generally, these entities cannot influence transactions of participants in the cryptocurrency payment system.
Furthermore, cryptocurrency transfer is irreversible; third-party entities cannot cancel, block, dispute or carry out a transaction unilaterally. Consensus rules and encryption techniques are used to regulate the generation and issuance of cryptocurrencies.
The world of crypto-currencies has difficulties that slows down its development among users without technical knowledge. One of such problems is the lack of a trustworthy and reliable platform for crypto-currency exchange with minimization of losses and with profit distribution between users.
As more technological advancements are uncovered, Encrybit, the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges came on board.
OVERVIEW OF ENCRYBIT
Encrybit is the best All-in-One Feature Enriched cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges and this is because its is moved by passion and not profit
The team knows about the importance of supporting the customers in their issues as compared to other cryptocurrency exchange out there and is committed to providing the best quality support and quick solutions. The management team coming from software/marketing background where successfully served in the global market providing software and eCommerce solutions from over a decade of time.
FIND BELOW A VIDEO PRESENTATION ON ONE OF THE RESEARCH CONDUCTED BY ENCRYBIT
Encrybit surveys corroborated this trend in the users, finding a lot 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; and
***The trading UI is confusing and not user-friendly.
MERGING FEEDBACKS FROM SURVEYS AND SOLUTIONS FROM ENCRYBIT
SECURITY
Encrybit is 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. Our team concluded that major vulnerabilities in successful attacks were found to be in API transportation. Attacking API and Web Service protocols are the simplest ways for hackers to get control of transactions and get in the system. API is utilized for algorithms and third-party trading application where it opens a pool of connections, therefore, less secured is a connection more are the chances of successful attacks.
Encrybit is focusing more on the security aspects, therefore having multiple security advisors and information security experts in the team is a plus. With that Encrybit is getting security architecture services from the best in the industry. Our security expert team make sure to harden the security layers with accurate SDLC methodology. Our security assessment practices include the secure and modularized coding methods, secured server infrastructure, application & server penetration testing, and ethical hacking practices to make sure the correct implementation of security standards.
POOR LIQUIDITY & HIGH TRADING FEES
Lack of liquidity and high fees are the major reasons to push the traders toward having multiple accounts, it's nothing new unfortunately; we know how must be frustrating to wait for the listing of some cryptocurrency and sometimes the impossibility to even trade it due to lack of liquidity; if you add the high fees for transferring those funds through different exchanges, the outcome will definitely reduce the profits you made.
FEATURES OF ENCRYBIT TRADING PLATFORM
SOCIAL TRADING
Social trading will allow traders to follow, share and copy the trading strategy of other traders on the platform.
BROAD ORDER BOOK
Advance version of order books facilitating the process to select best time to enter in trade for short term traders by availing in depth information of orders that is set for buy and sell.
SMART ALERTS
Utilizing smart alerts will allow traders to set notifications on price movements of coins at specific price levels, informing users through email and in-app notifications.
P/L REPORTS
Traders will be able to see profit and loss reports reports in BI(Business Intelligence) format, This will help them to make better trading strategies.
CRYPTO RADAR
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.
COIN COMPARISON
Compare up to three different coins with each other with line chart utilizing Relative Strength Comparison tool.
NEWS
Instant access to news and social media updates on all the coins on your watchlist.
CHAT & 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 & 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.
ENCRYBIT TOKEN SALE AND ICO DETAILS
TOKEN ALLOCATION
50% Token for Sale
2% Referral and Bounty
2% Advisors
11% Encrybit
10% Founders
10% Early Investors
5% Team
10% On-going development Funds
FUND ALLOCATION
30% Development
25% Marketing
15% Administrator and Support
13% Security and Audit
2% Legal
15% Reserve
ROADMAP
Q1 2018- Jan, 2018 to March, 2018
Foundation Establishment
Internal Team Formation
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
Q2 2019- April, 2019 to June, 2019
Exchange Algorithm and Security Testing
Marketing, Promotions & Useful Partnership Programs
Coin Listing Registration Starts
Private Beta Test Launch
Q3 2019- July, 2019 to September, 2019
Exchange Public Test Launch and Bug Fixing
Marketing, Promotions & Useful Partnership Programs
Encrybit Exchange Live
R&D team Setup to Explore Decentralize Exchange on Compatibility and Process
Q4 2019- October, 2019 to December, 2019
Marketing, Promotions & useful Partnership programs
Multi Chart feature launch
Advance Order summary feature launch
Q1 2020- Jan, 2020 to March, 2020
Chat Feature Launch
Social Trading Launch
Trailing Stop Loss Launch
Marketing, Promotions & Useful Partnership Programs
Announcement on Decentralized Exchange by R&D Team, Further Steps will be carried out based on the Report.
Q2 2020- April, 2020 to June, 2020
Ongoing R&D to provide more Unique Functionality
Develop and Launch Features as per the Market Trend
Partnership, Promotion, Events, Marketing and whatever it takes to be on top 10 by Q2 2021.
THE AMAZING TEAM AND ADVISORS
**NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,
You can get more information about these project with huge potential by following the link 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
PUBLISHER
bayo88
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711