ENCRYBIT - TOKEN AND ICO REVIEW

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A trading exchange needs a key element to manage and maintain its operations; therefore, Encrybit, a revolutionary trading platform with the ability to fetch the attention of the community, traders, and investors from around the globe came on board.

Encrybit is introducing its own token “ENCX”. 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.

Furthermore Encrybit token (ENCX token) is a utility token, and its purpose is to serve the cryptocurrency trading community with best possible features and solutions. The ENCX token is the heart of Encrybit ecosystem and is designed with a unique concept to increase its value among other cryptocurrencies.

THE IMPORTANT ACTIVITIES FOR INCREASING THE DEMAND OF ENCX TOKEN.

ENCX can be utilized to get a 50% discount on trading fee, which will surely provide relief to the traders from high trading fees being charged by other exchanges. Encrybit’s initial trading fee is very minimal, which is 0.1% and after utilizing ENCX for a trading fee, it will be 0.05% per trade and that is simply awesome for traders.
Every quarter, Encrybit will utilize 10% of its total profit to buy back the ENCX tokens from circulating supply. Burn process will be in action immediately after successful buyback every quarter.
40% of coin listing fee will be charged in ENCX.
Encrybit will launch products and conduct more activities, which will involve the utilization of ENCX tokens.

The total supply is Two hundred and seventy million. (270,000,000), circulating supply after the sale will be 172,800,000 and rate of ENCX is $0.2. 60% of the total supply is available for sale during Private, Pre and Public ICO.

TOKEN DETAILS