Encrybit ICO - Future of Cryptocurrency Exchange Preview Information
There are more than 2,100 cryptocurrencies in the world today. It is certain that the use and adoption of cryptocurrencies will grow. Cryptoexchanges enable cryptocurrency users to be able to trade one cryptocurrency for another.
There are over 200 crypto exchanges in the world today. The statistic of the research looks quite obvious, most of the traders have multiple accounts, and this happens because of trading pairs scarcity and low liquidity, therefore, traders have to sign up on several exchanges. This is a very annoying situation, making the trading experience a real nightmare sometimes!
While competition is good, many traders would want a platform where they can get all their desired features in one place. The desire to create an exchange that achieves this is what gave birth to Encrybit.
Encrybit is an upcoming cryptocurrency exchange which aims to provide desirable features to crypto traders. Some of the features include technical analysis tools, alert on coin movement, social trading, paper trading, profit/loss reports, latest news feature, coin specific chat groups and more.
To raise funds and build a community for the project, Encrybit is launching an ICO and introducing the Encrybit token (ENCX). The ENCX token will be used on the exchange platform to pay trading fees by users, as trading fees will be discounted when they are paid with ENCX tokens. This utility value for the token is expected to drive demand for the token.
As the crypto industry matures, it is necessary to have reliable and convenient platforms where cryptocurrencies can be traded.
Brief Details into the Encrybit ICO
When will the Encrybit exchange be available?
A test launch of the platform is due to take place in Q2 2019. The platform is expected to be fully live by Q3 2019.
When is the ICO?
The presale and private sale are scheduled between October and December 2018. The public sale is expected to take place between January to March 2019.
Is KYC registration necessary for token sale?
Yes, KYC is mandatory for participants of the token sale.
What are the metrics for the ENCX token?
The ENCX token is an ERC-20 ethereum token. It has a total supply of 270 million tokens. 50% of total supply will be available for token sale. The token price at ICO will be $0.2.
What are the soft cap and hard cap for the token sale?
The soft cap is at $5.4 million, while the hard cap is at $32.4 million.
How will the tokens be distributed?
50% will be distributed via the token sale, 11% will be held by Encrybit, 10% will go to the founders, 10% will be allocated to on-going developments, 10% to early investors, 5% to the team, 2% for referrals (and bounty), and 2% for the advisors.
How will the funds from the ICO be spent?
30% of the funds will be spent on the development of the platform, 25% on marketing, 15% on administration and support, 15% on security and audit, 13% on legal and compliance, and 2% will be kept in reserve.
When is the Private sale?
Private sale is taking place on 1st November 2018. Be the part of this revolutionary trading platform. Get whitelisted now at https://encrybit.io
Learn more and stay in touch with Encrybit via the following:
Website: https://encrybit.io/
Whitepaper: https://encrybit.io/pdf/encrybit-wp-v1.pdf
Litepaper: https://encrybit.io/pdf/litepaper.pdf
Telegram: https://t.me/encrybit
Twitter: https://twitter.com/enbofficial
Would like to know the Encrybit Exchange forecast document? Reach out to us at info@encrybit.com for further discussion. We will respond within 24 hours.