A BRIEF INTRODUCTION:
Good day ladies and gentle men all over the world, and I also extend my greetings to all my dear readers across the globe. as you all know's, that I always carry you along with any good crypto related project through this wonderful CRYPTOCURRENCY ARENA BLOG.
According to the main purpose or fixed design of this article , I will be presenting you a brief introduction about cryptocurrency.
Millions of new investors began trading cryptocurrencies. Of course, as with any investment vehicle, there are many different trading strategies, so it’s important to identify which one suits you best.
To be successful in the world of cryptocurrency trading you must know the market very well, but above all, you must know yourself. Perhaps this is even more important than knowing the market, and your future in the world of crypto may depend on this level of self-honesty.
Cryptocurrencies receive news coverage on a daily basis recently, and investing in them can be fun, profitable, and rewarding. respectively over the last years as interest investors flock to the digital currency market, and research has comfirm it that over 100,000 new users sign up every day. And this is just the beginning.
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The starting point is familiarizing yourself with the market caps and prices of popular currencies. The cryptocurrency market is highly speculative, so staying up to date with circulating news is critical. Much of the market seems like a gamble at first glance, but you can become an intelligent cryptocurrency investor by learning about each of the tokens and by a particular project that I will be presenting to you in this article.
In reference with the motion of this article, Today, I will be presenting you a particular undisputed project called: ENCRYBIT
WHAT IS ENCRYBIT?
Encrybit is a new cryptocurrency exchange with bells and whistles. The key focus is to be secure, agile and user-friendly. It offers a streamlined experience for crypto investors and traders alike - but does not compromise on features. Encrybit users enjoy market leading tools for research, technical analysis and trading.
Encrybit is a crypto exchange that wants to offer powerful solutions for the crypto trades to utilize. The exchange will solve some of the major issues that plague exchanges with innovative features. Their hope is that the exchange could help crypto exchanges to be accepted by the masses.
On the other hand
Encrybit is a revolutionary cryptocurrency trading platform that enriched, modernised and enhanced trading experience.
Traders always rely on the exchange to analyse coin/token support and resistance level based on its movement history. Encrybit includes 20+ real-time important technical analysis tools that will definitely impress the traders. Encrybit exchange will minimize the use of third party application and software, which is completed creating a connection via API’s, all that resulting in the increment of risks for the end user. Encrybit will add a combination of tech tools, the most popular lagging indicators, leading indicators, averages, trade lines, retracement, extensions and pattern recognizing drawing tools. The Platform will also provide a “screenshot tool” so the user can save and share a specific timeframe whenever it’s desired.
One of the unique features on Encrybit is the social trading function. It allows users to share trades and ideas with the trading community. As a result, they get feedback and discover where their trading plans are viable or not. The order-matching algorithm on Encrybit is able to handle over a million orders. It also features three-tier security to enable it to safeguard the crypto assets.
Another unique feature is a powerful built-in technical analytics that will enable professional level TA capabilities. This feature is going to be able to handle a large and growing number of coins. With the help of the Encrybit custom market overview, it will be possible for users to set up an ideal trading environment. As a result, users will be able to reach extensive market analytics, signals, research, and social feeds.
ABOUT ENCRYBIT
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.
We organized online survey to collect the valuable suggestions from Cryptocurrency Traders regarding the problems faced while using current exchange platforms. The Surveyor wanted to be acquainted with the traders’ demand and expectations from a Cryptocurrency Exchange. As Encrybit aims to provide “Trader’s Exchange” and is dedicatedly committed to fulfilling its obligation. We received 1108 participants.
As a part of our project, we have conducted 'Cryptocurrency Exchange Evaluation Survey' to collect exhaustive details on advanced cryptocurrency trading features, traders’ personal preferences towards trading platforms. That will help us to implement the advanced features and functionality on the 'Traders’ Exchange - Encrybit'. We received 10K plus responses from 161 odd countries - much more than our expectations.
ENCRYBIT KEY FEATURES
- MARKET RESEARCH
Encrybit provides users with extensive market research tools which include data analytics, trading strategies, trade signals, cryptocurrency news, social feeds and real-time coin announcements.
- TRANSPARENT POLICIES
Encrybit developing transparent user policies with regards to the coin listing process, trading fee structure, airdrops and forks, so traders can anticipate how to deal with these events and take action to achieve the most favorable outcome.
- MULTILINGUAL SUPPORT
Encrybit will initially be launched in English but will slowly be adapted to be fully supported by multiple language variants, which will include regional support teams. Immediate plans implements are in place to support Chinese, Japanese, Korean, Russian, French and Italian. New language support will be included depending on the number of users from a particular country.
- MODERN USER INTERFACE
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.
- INTERACTIVE TECH TOOLS
Encrybit is adding popular technical analysis tools for traders to study & analyze market movements and price action accurately on a single platform. Encrybit trading platform will minimize the use of API’s to trade on third party paid platforms.
- SECURITY
Encrybit is including ISO/IEC (International Electrotechnical Commission) 27001:2013 CSS (Cyber security standards) and CCSS (crypto currency security standards) for platform infrastructure. ISO/IEC 27001 specifies a management system to bring information security under management manifest control.
ENCRYBIT ROADMAP
ENCRYBIT ICO & TOKEN OVERVIEW
Uses of funds
Trading platform and development: A substantial amount of fund is allotted for the development of the trading platform as features like social trading that will require highly skilled developers.
Marketing: Marketing requires the second most efforts after development and hence the second largest portion is allocated for marketing of the platform.
Administration and Support: Funds allocated for administration setup of the exchange as well as technical and support teams. Security and Audits: Exchange without proper security and audits is not going to be trusted by any user.
Legal & Compliance: The exchange has to be reviewed from the legal point of view as it is concerned with international standards.
Reserve: These funds will be reserved and allocated as required for uncertain circumstances
In order to develop, launch and grow the exchange, Encrybit is introducing ENCX Token this will provide small & institutional level participants with the access to contribute to this project. ENCX is the utility token utilized for ICO and exchange operations.
Once the Encrybit crypto exchange platform is ready to trade, at least 10% of the net profit will be applied to the buyback of ENCX tokens every quarter. The tokens fetched through buy-back will be destroyed immediately. Encrybit continues the process of buyback and burning until the 50% of total supply is destroyed. Apart from buy-back and burn there are numbers of strategically market ideas in the list for implementation to grow the ENCX valuation in the market.
MY OPINION
In my own perspectives, I can see ENCRYBITas an innovative, incomparable and undisputed project with a great vision and unique ambition to be the most smartest and respective projects in the nearest future all over the globe.
CONCLUSION:
Nowadays a lot of projects are being created in different countries, But not much of them with solid standard and good qualities as ENCRYBIT does.
For more or further details, please! Kindly follow the links below:
WEBSITE: https://encrybit.io
WHITEPAPER: https://encrybit.io/pdf/encrybit-wp-v1.pdf
TELEGRAM: https://t.me/encrybit
FACEBOOK: https://www.facebook.com/encrybitofficial
TWITTER: https://twitter.com/enbofficial
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary
AUTHOR: Sky10net