The view held by lots of crypto traders is that the absence of exchanges will not only threaten existence of cryptographic currencies but will send everything about it crashing like a pack of cards. The notion was fueled following negligence on the part of real-world platforms in accepting these currencies in transactions. Hence, the last-mile being crypto exchanges were formulated; allowing trade of these coins.
As the number of these exchanges rise, there is continued exposure of loopholes in the system. The opening created necessitated the invention of Encrybit; an exchange that prides itself as one-stop solution to a decentralized trading.
What is Encrybit?
In some quarters, there are speculations that hundreds of cryptographic exchanges are in existence. The likes of Binance are formidable force in the crypto sphere. Though Encrybit is another exchange in the offing, there exist improved features to what is obtainable in others. Haven taken time to study the system, it is needless to say there will be failure here. Rather, there is set to be outright success in exchanging value over this exchange.
This calls to mind the issue faced by most amateur traders. Most times, buoyed by enthusiasm of cashing out on the system, traders are often disappointed and resort to other means to scale transactions. This is in addition to the confusing user interface and charts that end up making the process jittery for would-be traders.
Taking cognizance of these downsides, Encrybit plans to overhaul the system by solving critical points in the crypto exchange and making in-roads to other areas that will help it attain the list of 10 viable exchanges by 2021.
REDUCED FEES
Results from online survey conducted by the team revealed that high transaction costs were part of reasons why traders stay away from these exchanges. In pursuance of resolve to fix the issue, Encrybit offers 50% cut on fees when its token is used for payment.
This also extends to keeping transaction fees marginal. Also, costs will now be determined by a trader's mining fee and not generalized. Thus, day traders who are aggrieved of losing many funds to withdrawal fees can now have some savings in their kitty.
ENHANCING USER EXPERIENCE
Low fees alone cannot attract a customer to a business. The professional conduct of the staff will see such customer spending thrice just to have hospitable transactions. This is what Encrybit has in stock for traders - enhanced user interface.
The UI will feature missing links in previous exchanges such as social trading and TA indicators. Not to be left out is the progress report that allows you determine how profitable your transaction is going.
EXCELLENT ORDER MATCHING ALGORITHM
What becomes of exchanges that promise to match millions of transactions every second but end up with a few hundred? The end point is desertion by traders. Encrybit takes this into account; realizing that high throughputs are possible if the infrastructure is buoyant.
For this reason, it makes use of the efficient Amazon Web Service (AWS) infrastructure for its hosting. The front-end interface is programmed with the nodes Required JS and JS. For the back-end infrastructure, the Python, Java and C++ programming languages will be used.
ALERT SYSTEM
As many are rendering complaints on volatile nature of crypto coins, the issue was basically because they're not in the know of the right time to trade. It won't be bad idea being abreast of what the market entails.
Encrybit has an alert system that provisions real-time notifications through its web platform, as email or get the notification as text message. With this, traders can easily schedule reminders that will trigger alerts to their predestined channels; helping them move to withdraw or throw in funds for their trades.
Conclusively, the world is already moving at fast pace and the blockchain and internet are in stiff competition to outshine the other. The crypto exchange posited by Encrybit has modern features that not only has needed improvements but also has tendency to make cryptographic trading worth the energy invested.
Token Distribution
Token Sales Information
Ticker: ENC
Platform: Ethereum
Token Type: Utility Token
Token Standard: ERC-20
Token Supply: 270 million
Exchange Rate: 1 ENCX= $0.2 USD
Soft Cap: $5.4 million USD
Hard Cap: $32.4 million USD
For more information about Encrybit, kindly visit:
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
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350