A bear market is a very difficult market for exchanges and exchange tokens. Tokens such as KCS, BNB, and others are suffering as well as the market. These tokens have overly flourished in a bull market. They also do tremendously well in a short period of time when the market is right. A bull market usually means more trading volume. With more trading volume, that means people are trading tokens much more through exchanges. BNB offers 50% off trading fees for using BNB on the Binance exchange to pay for fees, thus increasing the demand and price during a bullish market. Even without a bullish market, exchange tokens still hold their price much better than many other tokens.
Bibox, a relatively new exchange, offers a token called BIX. BIX tokens allow for less fees when paying trading fees with the BIX token. With only a rating of 2.2/5 on ICObench, the token sold for $0.17 and is now selling for over $1! In January, the token hit an all time high around $4 shortly after being listed. Needless to say, exchange tokens have massive return potentials and are in high demand, especially during a bull market. The ICO price is still over x5, despite the bearish market right now.
Meet Nebula.Exchange
The Nebula Exchange aims to land on the moon with their new cryptocurrency exchange. The exchange features a platform for projects, traders, and enthusiasts a place to reach for the stars. A centralized exchange that provides a means for new projects to be listed, popular cryptocrruencies to be exchanged, and unique social features for meaningful conversations, advice, and enjoyment!
Trading Platform Features
- Up to 1,000,000 transactions per second. Binance, the number 1 exchange in terms of volume, can handle up to 1.4m transactions per second.
- Charts that come from TradingView, which is becoming standard for many exchanges.
- Limit, Market, and stop losses. Many exchanges, such as KuCoin for example, do not have stop losses and users must pay a bot to do it for them or not use those features at all.
- Exportable Trade and Order History. Very good considering I've had my order history lost on HitBTC personally. It's very difficult to know when to sell when you don't know what price you bought for.
- Other features that can be found in the whitepaper
Social Features
- Eliminates false information, fake news, scammers, shillers, uneducated TA, etc. through review, reputation, and news systems.
- The Review System allows for any community members to make review on listen cryptocurrencies for others to view. Traders can even follow other users and be notified when they make a new review. TA and price targets can be included as well. These targets can be compared to other user's targets and can help with entry/exit prices.
- The Reputation System will reward Reputation Points (RP) when ever a user contributes to the platform. New users start with 0 RP and have the chance to earn RP by receiving followers, thumbs up on reviews, daily log in goals, referrals, and community "thank" feature for when chatting or helping other users.
- Nebula only brings verified news to the platform from verified sources only. Each listed cryptocurrency has access to leaving messages and news straight through the announcements tab on the exchange. Thus, giving traders direct access to the latest news on their cryptocurrencies.
- All users will be able to use P2P messaging and be able to chat in the global chat box.
Nebula Exchange Star Credit (NESC)
The NESC token will be the Nebula Exchange's official token. The user can use NESC to pay for trading fees and receive 50% off. All of these collected from users trading with NESC will be BURNED! The tokens will be unusable and this will decrease the supply over time. This is a new feature that I have not seen in other exchanges that may seriously keep the supply and demand on the rise for NESC.
All listings from new tokens will be affordable, thus increasing the volume on the exchange due to more tokens being able to be traded. All new projects will have to pay in NESC for listings. The funds collected from these listings will be BURNED. Thus, raising the value of NESC. This is NOT something any other exchange is offering as from what I have seen.
Every quarter, fees and profits gathered from other means on the exchange, will be BURNED. Exactly 25% of all the profits gained from the exchange will be used to buy back NESC and burn them. All buy backs will be announced ahead of time.
All token burnings will stop once the amount of NESC is half from what the total amount was originally issued. In other words, the Nebula Team will be ensuring that the demand will be twice as much as the original distribution amount. From my perspective, this technique will ensure success in the short term, which most ICOs fail to do, and definitely continue the success in the long term. It may also give time until a bull market begins.
The exchange is focused on raising the VALUE of NESC, rather than pocketing the funds from trading fees and listings. This is EXCELLENT news for potential NESC holders.
A Stacked Team
The Nebula Exchange team is stacked as well. Read about all of the team members in the Whitepaper. The team is full of success in other fields and have proven to be successful business men in general. They all have great experience in cryptocurrencies and the crypto market in general, as well as other markets. In fact, Vincent Jacques, has been involved with decentralized P2P marketplace called Paypite and Neoplace.
Listings Already Listed
Often times, without execution of a project's plans and without adoption, the ICO normally fails. The price drops like crazy, especially during a bearish market like this one. If you have not, you may want consider reading my article on SPN here. The price dropped to about 50%-70% of the presale price due to the fact that the platform was NOT adopted by users. An exchange can not be adopted by users without listings.
The Nebula Exchange is already up and running. The NESC has not begun the ICO. There are currently 45 tokens listed that can be traded now. View those tokens here.Many popular tokens, such as EOS, POLY, STORJ, and more are currently being traded. There are new tokens as well. This is significant because there are many ICOs that do NOT have a working product.
The team is also working on listing a mobile app on IOS and Android soon. To summarize, the team is definitely performing and can be viewed for yourself.
A Summary of the Project
This is NOT investing advice and I'm not responsible if you decide to participate in the Nebula Exchange Token Sale. Many centralized exchanges have succeeded in the past. Many of these exchanges don't have official tokens, but some do. BNB, KCS, COSS, BIX, and others have brought HUGE returns. For instance, BNB was listed for only $0.12 per token. The Nebula Exchange team is doing everything right and the ICO has not even started yet. The strategy to keep the supply and demand increased through burning tokens is a great strategy that may provide huge returns. The other social aspects are also unique to the Nebula Exchange, which may increase engagement in the exchange, as well as out of it on social media.
Learn more about Nebula Exchange
Website: https://nebula.exchange/
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Instagram: https://www.instagram.com/nebula_exchange/
Facebook: https://www.facebook.com/Nebula.exchange/
Telegram: http://t.me/nebulaexchange
Twitter: https://twitter.com/Nebula_Exchange
BitcoinTalk: https://bitcointalk.org/index.php?topic=3642473.0
Follow me on Twitter: https://twitter.com/crypt0matthew
My BitcoinTalk Username: matthewoz101