INTRODUCTION
Cryptocurrency is bringing revolutionary innovation to the world of transactions, and creating a hub for like-minded, digital assets enthusiasts. There are various cryptocurrency exchange platforms that support both fiat and digital assets transactions, using the blockchain technology. The creation of the ERC20 and Mosaic Token Standards provide a means for any asset owner to register and tokenize their assets, and record the balance and transfer of any portion of that asset through a distributed public ledger on the blockchain. Highly liquid digital currencies, including BTC and ETH, are gaining acceptance as a method of payment in lieu of fiat currencies.
Although cryptocurrencies have gained huge acceptance in the recent past, this technology is still perceived by a lot of people as just an 'investment medium', rather than a full payment medium and an improved means for day to day transactions. Also, some of the existing platforms are marred by various limitations, ranging from slow transaction speed, to difficulty in buying/selling their assets, to issues of account authentication, account security, etc. This has given birth to the need for an improved, more flexible, secure and robust platform, with a gaming changing cryptocurrency of it's own, the Nebula Exchange Star Credits (NESC).
I will like to mention that the Nebula team did proper research on the pros and cons of existing exchanges, before enacting and adopting the ideology of coming up with Nebula Exchange . A comparative analysis of centralized and decentralized exchanges include, but not limited to the following :
• Centralized exchanges are vast and encompasses all possible tokens and coins, unlike decentralized exchanges limited to some particular tokens like ERC-20 tokens using Ethereum blockchain (ETHERDELTA, FORKDELTA, IDEX), NEP-5 tokens using NEO blockchain (SWITCHEO), and tokens built on Waves blockchain (Waves Platform).
• Centralized exchanges usually have faster trading speed when compared to decentralized exchanges.
• FIAT pairs are common with centralized exchanges unlike decentralized exchanges.
• Decentralized exchanges are more secure, especially when using a web3 browser, when compared to centralized exchanges.
• Exchange staff can manipulate trades on centralized exchanges which is not the case with decentralized exchanges.
• The requirement of KYC for high volume trading on centralized exchanges and compulsory before making withdrawal for some is a limitation, unlike decentralized exchanges which do not require any form of KYC.
• Centralized exchange with a good team can enhance user experience with advanced features which is not often the case with decentralized exchanges which always have the basic features.
• There is higher liquidity on centralized exchanges as opposed to no liquidity on decentralized exchanges.
After proper study and consideration by the Nebula team members, they decided to adopt centralized exchange in order to provide more advance features and also to proffer a more robust support to users.
WHAT MAKES NEBULA EXCHANGE UNIQUE AND DIFFERENT FROM OTHERS?
One of the major features of Nebula is that it’s super secure. Before trading on any exchange, I usually look at the security because I’ve been a victim of an exchange hack as aforementioned, once bitten twice shy. The rate of cyber attacks and phishing activities on exchanges is alarming nowadays. Traders or users can be rest assured their funds are safe on Nebula exchange because some major security steps have been taken including : penetration testing and security audit by top notch security consultants, Multi Signature combination of hot and cold wallets, proper smart contract audit, password plus 2FA authentication before login and DDOS protection using cloudfare technology.
Traders will have a seamless experience while using the trading platform. Speed of transaction will be at its peak, registering about a million transactions every second. Trading view professional charts will be available to assist traders in taking trading decisions. Limit order, market and stop loss orders will be available to reduce loss during a major dip. Trade and order history can be exported for record keeping or documentation purpose. Margin trading will be possible up to 10x leverage and multi signature wallet will be integrated, running all round the clock. Traders can access the trading platform at every time of the day.
One of the most amazing features integrated on Nebula exchange is information sharing feature which include news system, reputation system, peer-to-peer messaging and troll box, and reputation. Most traders usually get buy calls from popular paid figures with social presence, and also from rumors on social media. Most times these buy calls get traders “burnt”. I remember buying a token after getting signal from a pump group, and my funds went down by 150% after the pump and dump. Most times, making trading decisions is not very easy especially for new traders. It will impress you to know that, Nebula exchange curbs this problem of buying due to fake pump rumors a great deal with the legit information sharing feature. All users are allowed to write 5-star reviews for any cryptocurrency on Nebula platform and can also provide TA charts and price targets. The reviews will be rated by the entire community, placing the best reviews at the top. Users can easily follow top reviews and also new hot reviews. This will help traders get reliable ratings for cryptocurrency hence assisting them in deciding whether to buy in or not, reducing pump and dump scam. The reputation system will grade user accounts based on reputation points. New accounts will have zero reputation point and will get reputation points based on their contribution to Nebula community. For instance, referring new users or getting likes from reviews will earn reputation points. Users reputation point will be displayed on their reviews, hence its easy to know reputable Nebula community contributors. Newbies to crypto trading will benefit a whole lot from this activities, and also contributors will benefit since a THANK feature is integrated to support contributors. The news system of Nebula exchange is remarkable, considering the fact that trustworthy cryptocurrency information will be broadcasted in the announcement channel. The news system will ensure timely updates on credible cryptocurrency news or articles. Multi-language Peer-to-peer messaging troll box will be available for conversation among traders , sharing views and opinions.
As earlier stated, Nebula will list security tokens which is seldom the case with many existing exchanges. Many might be wondering what security tokens are, security tokens can be easily defined as a company’s digitized equity. Digitized equity can be likened to stocks end holders can benefit from company dividends. Nebula exchange will ensure compliance with regulations with regards trading such security tokens, for instance KYC (know Your customer) and AML requirements.
FIAT (local currency) pairings will be available. Traders from all round the globe can use local currency to trade cryptocurrency. Embedding these functionality entails overcoming some challenges but Nebula has a great vision and superb plans to expand their presence worldwide and add FIAT pairs, example JPY and KRW. Nebula will abide with the regulations enforced with regards these functionalities.
Many centralized exchanges demand huge some of money before listing a cryptocurrency. This is common with the top rated exchanges. Coupled with the gigantic listing fees, delay in listing is another issue. Cryptocurrency projects which pass Nebula due diligence process will easily be listed with reduced listing fees. This will aid team members of projects to channel more of their funds generated from ICO to project development rather than paying exorbitant amounts for listing. This is a major breakthrough by Nebula, considering the fact that Nebula exchange promises to be among the top exchanges.
Everyone likes rewards after contribution to a system, and Nebula exchange is not an exception of platforms rewarding contributors. Nebula referral system reward users who bring in new members to join the community using their unique referral code. Fifty percent of transaction fees of those referred to the system will be credited to the referrer’s account as their reward for contributing to the system. Anyone can refer unlimited number of new members to grow the community, although Nebula exchange reserved the right to make proper changes in future in order not to cause any harm to the system when need be.
TOKEN INFORMATION
NESC token is the token of Nebula exchange which will be used for transaction fees and paying for listing. Users who use NESC as transaction fees will get 50 percent discount on fees. Check token details below:
TOKEN NAME: Nebula Exchange Star Credits
Token Ticker : NESC
Token type : ERC20
Token price : $0.4
Private pre-sale soft cap: $500,000
Public sale hard cap: $20 million
Upper cap on total tokens generated: 100 million
TEAM
FOR MORE INFORMATION ABOUT NEBULA.EXCHANGE KINDLY VISIT THE FOLLOWING CHANNELS:
Website : https://nebula.exchange
Whitepaper : https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4583209
ICO link: https://nebula.exchange/ico/
Facebook : https://www.facebook.com/Nebula.exchange/
Telegram: https://t.me/nebulaexchange
LinkedIn : https://www.linkedin.com/company/nebula-exchange/
Twitter : https://twitter.com/nebula_exchange
Frequently asked questions : https://nebula.exchange/faq/
Author Information:
Bitcointalk Username: seblbj
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022050;sa=summary