Encrybit surveys corroborated the trend of buying and selling cryptocurrency in the users, finding a lot of things that people expect from trading platforms but often being left disappointed, causing them to look for third-party software to provide for these expectations instead. Encrybit is preparing to solve almost all the major issues of existing cryptocurrency exchanges, which push the traders to use this third-party software. The main reasons why people choose third-party charting platforms are:
- TA tools are not enough to make a proper analysis;
- The chart is not clear and most of the times too small;
- The trading UI is confusing and not user-friendly.
The project knows really well the traders’ pains, the need of keeping multiple accounts open and remember all those usernames and passwords, getting annoyed just to acquire the cryptocurrency you like; the discomfort while using those charts with just few TA tools, consequently switching between different tabs or paying for a third-party charting platform, using the APIs and trading from there. Does it feel right for a trader, especially a novice, going through all of that? Encrybit is going to relieve you from these questions, you can stop wasting your time looking for different exchanges and opening multiple accounts in case you want to trade a wider range of cryptocurrencies.
- ENCRYBIT THE RESEARCH BASED CRYPTOCURRENCY EXCHANGE
Encrybit made history moments creating massive surveys in cryptocurrency market with 12k+ responses from traders among 167 countries. Encrybit exchange is thought of traders where they are merging their demands in reality developing the secured and featured enriched trading platform that does not want to compromise the emotions of traders. Our research in cryptocurrency universe reveals that 40% cryptocurrency crowd is in insecure about the security of platform due to recent and past attacks and losses they faced. 36% still not able to figure out which exchange they prefer to trade on due to liquidity issues and its nightmare for them to transfer their assets from one to another exchange with heavy withdrawal fee. Customer support always plays vital role for successful business but though it’s found very less with cryptocurrency exchange where 37% traders in our surveys said that it’s taking way long to get query resolved on some of the exchanges and most of their queries are still remain unanswered after weeks and months.
- Encrybit is creating war of competition among traditional exchanges
Social Trading, Smart Alert, Crypto Radar, Broad Order Book, Coin Comparison, P/L Report are some of the features which will solve most of the issues it came to know from the surveys in the market. And yes, Demo trading which will help users to self-learn and make trading strategies. In a nutshell, the functions and features we’re including are supportive and useful for every type of traders (VC’s, Professional & Beginners).
ENCRYBIT IS ALL SET TO SERVE THE MODERN EXCHNAGE PLATFORM TO CRYPTO UNIVERSE
Encrybit provides users with extensive market research tools which include data analytics, trading strategies, trade signals, cryptocurrency news, social feeds and real-time coin announcement
MODERN USER INTERFACE
Encrybit is the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of traditional exchanges available in the current market. The Encrybit UI/UX promises a trading experience like no other.
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.
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.
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.
Encrybit is including ISO/IEC (International Electrotechnical Commission) 27001:2013 CSS (Cyber security standards) and CCSS (cryptocurrency security standards) for platform infrastructure. ISO/IEC 27001 specifies a management system to bring information security under management manifest control.
Encrybit R&D team is well organized to analyze cryptocurrency market and traders emotions about the cryptocurrency exchanges. To develop traders based exchange it’s important to point the trader’s challenges and expectation from the trading platform. Encrybit found the best way to identify the trader’s emotions and that was surveys. One of the most top successful surveys of cryptocurrency community.
SURVEY 1 - CRYPTOCURRENCY EXCHANGE PROBLEMS AND CHALLENGES
This survey was organized to collect the valuable suggestions from traders regarding the problems they are facing while trading their assets on trading platforms. With response of over 1100+ participants Encrybit is considering the traders thoughts to create future of cryptocurrency exchange. Survey timeline and insights.
SURVEY 2 - CRYPTOCURRENCY EXCHANGE EVALUATION SURVEY 2018 GLOBAL ANALYSIS & INSIGHTS
Cryptocurrency Exchange Evaluation Survey was conducted among traders to collect exhaustive details on advanced trading features, personal preferences and expectation from exchanges. With massive response of 11k+ traders around the globe from 167 countries, Encrybit will be the first cryptocurrency exchange that will change the way of trading because it’s all based on the thought of traders survey timeline and insights.
Encrybit aims to be the first of a new generation of cryptocurrency exchanges by providing:
- Optimized and simplified trading platform with an easy and attractive user interface;
- A broad spectrum of technical analysis tools;
- Smart alerts;
- Profit and loss reporting;
- Multiple levels of order history;
- Multilingual support;
- Smart social trading;
- Trading rewards;
- Market research and news updates;
- Broad order book;
- Transparent policies;
- Demo trading;
- Multi-tier security;
- Dedicated customer representation.
ENCRYBIT TOKEN - ENCX INTRODUCTION
The ENCX token administrate the operations of the Encrybit Ecosystem.
ENCX is the key element of the Encrybit ecosystem, It will be utilized to administrate the exchange operations with multiple uses in various tasks and fees. ENCX will also determine the exchange revenue model with trading, coin listing, and various other activities.
The project is going to utilize three important activities for increasing ENCX token demand:
- One can utilize ENCX to encash a 50% discount on the trading fee.
- 40% of coin listing fee will be charged in ENCX.
- Every quarter Encrybit will utilize its 10% of total profit to buy back the ENCX from circulating supply. Burn process will be in action immediately after successful buyback every quarter.
- There will be more activities and products Encrybit will launch which will be available for community utilizing ENCX.
- Total supply is 270,000,000, circulating supply after the sale will be 172,800,000 and per ENCX price is $0.2. 60% of total supply is available for sale during Private, Pre and Public ICO.
General Project Details
- Name - Encrybit
- Company - Incrybit Limited
- Website - https://encrybit.io
- Email - [email protected]
- Category – Cryptocurrency
- Ticker – ENCX
- Platform – Ethereum