ENCRYBIT ICO
Wong linglong3REVOLUTIONARY CRYPTOCURRENCY EXCHANGE
FEATURE ENRICHED TRADING PLATFORM FOR MODERN AND ENHANCED TRADING EXPERIENCE
WHAT IS ENCRYBIT?
Research based modern cryptocurrency exchange with an attractive UI and is fully equipped with a plethora of advanced features.
MARKET RESEARCH
Encrybit provides users with extensive market research tools which include data analytics, trading strategies, trade signals, cryptocurrency news, social feeds and real-time coin announcements.
TRANSPARENT POLICIES
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.
MULTILINGUAL SUPPORT
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.
MODERN USER INTERFACE
Encrybit is the first cryptocurrency exchange with a modern trading platform that sets it apart from the traditional style of exchanges available in the current market. The Encrybit UI/UX promises a trading experience like no other.
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.
SECURITY
Encrybit is including ISO/IEC (International Electrotechnical Commission) 27001:2013 CSS (Cyber security standards) and CCSS (crypto currency security standards) for platform infrastructure. ISO/IEC 27001 specifies a management system to bring information security under management manifest control.
MARKET RESEARCH AND ANALYSIS
Encrybit R&D team is well organized to analyze cryptocurrency market and traders emotions about the cryptocurrency exchanges. To develop traders based exchange its important to point the traders challenges and expectation from the trading platform. Encrybit found the best way to identify the traders emotions and that was surveys. One of the most top successful surveys of cryptocurrency community.
SURVEY 1 - CRYPTOCURRENCY EXCHANGE PROBLEMS AND CHALLENGES
We had organized online survey to collect the valuable suggestions from Cryptocurrency Traders regarding the problems faced while using current exchange platforms. The Surveyor wanted to be acquainted with the traders’ demand and expectations from a Cryptocurrency Exchange. As Encrybit aims to provide “Trader’s Exchange” and is dedicatedly committed to fulfilling its obligation. We received 1108 participants.
SURVEY 2 - CRYPTOCURRENCY EXCHANGE EVALUATION SURVEY 2018 GLOBAL ANALYSIS & INSIGHTS
As a part of our project, we have conducted 'Cryptocurrency Exchange Evaluation Survey' to collect exhaustive details on advanced cryptocurrency trading features, traders’ personal preferences towards trading platforms. That will help us to implement the advanced features and functionality on the 'Traders’ Exchange - Encrybit'. We received 10K plus responses from 161 odd countries - much more than our expectations! Please review survey timeline and insights.
40% TRADERS ARE CONCERNED ABOUT SECURITY
37% HIGH TRADING FEES
36% LACK OF LIQUIDITY
33% SUPPORT IS NIGHTMARE
22% LACK OF CRYPTO PAIRS
21% CONCERNED ABOUT USER INTERFACE
18% CONCERNED ABOUT HIGH WITHDRAWAL FEE
GLIMPSE OF ENCRYBIT TRADING PLATFORM
Encrybit Exchange Platform’s Enticing Features
SOCIAL TRADING
Social trading will allow traders to follow, share and copy the trading strategy of other traders on the platform.
BROAD ORDER BOOK
Advance version of order books facilitating the process to select best time to enter in trade for short term traders by availing in depth information of orders that is set for buy and sell.
SMART ALERTS
Utilizing smart alerts will allow traders to set notifications on price movements of coins at specific price levels, informing users through email and in-app notifications.
P/L REPORTS
Traders will be able to see profit and loss reports reports in BI(Business Intelligence) format, This will help them to make better trading strategies.
CRYPTO RADAR
Analyze the price movement in certain amount of time with technical indicators to make excellent entries into trades.
ADVANCED ORDER SUMMARY
Detail descriptions of your current orders, trade positions, portfolio data and ROI in both BTC and USDT values.
COIN COMPARISON
Compare up to three different coins with each other with line chart utilizing Relative Strength Comparison tool.
NEWS
Instant access to news and social media updates on all the coins on your watchlist.
CHAT & DISCUSS
Join coin specific chat rooms where traders can share their thoughts, screenshots and ideas for any coin. Each coin have its own chat group.
SCREENSHOT & SHARE
Click photo of the trading screen and share it among social media or third party discussion portal. User can share it with Encrybit chat groups.
MULTI-CHART LAYOUT
Traders will be able to view and analyze multiple coins (up to 6) charts in the same window.
PAPER TRADING
Paper trading will allows traders to trade using dummy money on live data. It will help traders to test their trading strategies and allowing beginners to self educate about trading.
TRAILING STOP LOSS
Users will be able to set trailing stop losses on their trades allowing them to automatically adjust stop loss as price action moves higher or lower.
ENCRYBIT TOKEN - ENCX INTRODUCTION
The ENCX token administrate the operations of the Encrybit Ecosystem. Don't miss the opportunity to be the first crowd to to contribute in ENCX token sale.
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.
We’ll be utilizing 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.
TOKEN & FUND ALLOCATION
Encrybit team is passionate about the project and here is how the token allocation will work and funds will be invested in different sectors for Encrybit exchange formation.
TOKEN ALLOCATION
50% Token for Sale
2% Referral and Bounty
2% Advisors
11% Encrybit
10% Founders
10% Early Investors
5% Team
10% On-going development Funds
FUND ALLOCATION
30% Development
25% Marketing
15% Administrator and Support
13% Security and Audit
2% Legal
15% Reserve
ROADMAP
Q1 2018- Jan, 2018 to March, 2018
Foundation Establishment
Internal Team Formation
Planning of Exchange Development
Launching of Internal Tools & Services
Q2 2018- April, 2018 to June, 2018
Encrybit.io Website Launch
Corporate Entity Establishment
External Team Building
Exchange Feature Prototype
LitePaper Published - English, Korean, Russian, French, Malay, Italian
ICO and Exchange Marketing
Listing of Encrybit in Major Publications
Cryptocurrency Exchange Problems Survey
Q3 2018- July, 2018 to September, 2018
Community Building
Global Promotion and Publication of Encrybit
Cryptocurrency Exchange Evaluation Survey
Launch of Main ICO Website along with Whitepaper and Prototype
Pre-ICO Bounty Programs
Q4 2018- October, 2018 to December, 2018
Private Sale Launch
ICO Goes Live Round 1 – Pre Sale
Q1 2019- Jan, 2019 to March, 2019
ICO Round 2 – Public Sale
Marketing and Promotions of Exchange
Exchange legal and compliance process
Q2 2019- April, 2019 to June, 2019
Exchange Algorithm and Security Testing
Marketing, Promotions & Useful Partnership Programs
Coin Listing Registration Starts
Private Beta Test Launch
Q3 2019- July, 2019 to September, 2019
Exchange Public Test Launch and Bug Fixing
Marketing, Promotions & Useful Partnership Programs
Encrybit Exchange Live
R&D team Setup to Explore Decentralize Exchange on Compatibility and Process
Q4 2019- October, 2019 to December, 2019
Marketing, Promotions & useful Partnership programs
Multi Chart feature launch
Advance Order summary feature launch
Q1 2020- Jan, 2020 to March, 2020
Chat Feature Launch
Social Trading Launch
Trailing Stop Loss Launch
Marketing, Promotions & Useful Partnership Programs
Announcement on Decentralized Exchange by R&D Team, Further Steps will be carried out based on the Report.
Q2 2020- April, 2020 to June, 2020
Ongoing R&D to provide more Unique Functionality
Develop and Launch Features as per the Market Trend
Partnership, Promotion, Events, Marketing and whatever it takes to be on top 10 by Q2 2021.
For more information, please follow the links below:
Website | https://encrybit.io/
Whitepaper | https://encrybit.io/pdf/encrybit-wp-v1.pdf
Litepaper | https://encrybit.io/pdf/litepaper.pdf
Telegram | https://t.me/encrybit
Twitter | https://twitter.com/enbofficial
Facebook | https://www.facebook.com/encrybitofficial/
1st Bounty Program | https://bitcointalk.org/index.php?topic=5036614
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Yours sincerely
Good luck on the target
Thank you
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1229230
ETH Address: 0x29AF24D027E5A0A74427A2A4D5dDFe09803D5F93