Encrybit

REVOLUTIONARY CRYPTOCURRENCY EXCHANGE

WHAT IS ENCRYBIT?

Encrybit is a new cryptocurrency exchange with bells and whistles. The key focus is to be secure, agile and user-friendly. It offers a streamlined experience for crypto investors and traders alike - but does not compromise on features. Encrybit users enjoy market leading tools for research, technical analysis and trading. 

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. Please review survey timeline and insights.

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.

ENCRYBIT SOLUTION

VISION

• To be a Top 10 cryptocurrency exchange by 2021.
• To attract customers and maintain engagement with well-planned promotions, activities, giveaways.
• To have fair and transparent policies for the benefit and respect of our customers.
• To have integrity, honesty and to do good. 

FEATURES

• Full suite of professional charting tools
• Interactive trading (from charts)
• Social trading, including copy trading and blogs.
• Broad order book (L1, L2)
• Profit & loss reporting tool implementing BI (business intelligence) format reporting to help customers manage their investments.
• Coin screener, News feeds, Smart alerts, more

SECURITY

• Multi-layer firewall manageable from multiple locations.
• Multiple datacenters for redundancy.
• Watchdog algorithm to monitor exchange activity and shut off attacks. 

CUSTOMER SERVICE

• Multilingual Support
• We believe that amazing customer service is what makes a business shine.
• Customer issues actioned as a priority.
• Streamlined support with defined timescales.

TEAM

• A professional software development team that has been providing solutions to large companies since 2009.
• In-house expertise with architecture, coding, infrastructure to deliver high performance and optimum results in a high volatility market.

FEES

• All fees will be kept marginal and low.
• An introductory zero-fee period to attract new customers.
• 50% discount if fees paid using the Encrybit token.

ENCRYBIT TOKEN (ENCX)

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 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 Click Link Bellow:

• 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

Author: Yuni comel

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1350925