Encrybit is considering all aspects, problems and expectations to provide a better trading experience and be enhanced by the innovative and revolutionary concept of modern trade. That’s why we say Encrybit is what Traders imagine because they involve their emotions here with Encrybit to complete what they are looking to solve.
Encrybit is a crypto exchange that wants to offer a powerful solution for crypto trading to use. The exchange will solve some major problems that disrupt the exchange with innovative features.
This trade exchange requires key elements to manage and maintain its operations, therefore, Encrybit introduces its own token, ENCX. this will be used to regulate exchange operations with many uses in various tasks and costs. ENCX will also determine the exchange revenue model with trade, coin lists and various other activities.
We will have three important activities to increase requests for ENCX tokens.
- ENCX can be used to get a 50% discount on trade fees, which will definitely provide assistance to traders from the high trade fees imposed by other exchanges. The initial cost of Encrybit trading is very minimal, namely 0.1% and after using ENCX for trading costs , it will be 0.05% per trade and that is quite amazing for traders.
- Every quarter, Encrybit will use 10% of its total profits to repurchase ENCX tokens from the supply in circulation. The combustion process will take action immediately after a successful repurchase every quarter. 40% of the cost of recording coins will be charged in ENCX.
- Encrybit will launch a product and do more activities that will involve the use of ENCX tokens.
This is a revolutionary trading platform with the ability to attract the attention of the public, traders and investors from all over the world.
One of the unique features in Encrybit is the function of social trading. This allows users to share trade and ideas with the trading community. As a result, they get feedback and find where their trading plan is feasible or not. Encrybit’s order-matching algorithm can handle more than one million orders. It also has three-level security to enable it to protect crypto assets.
Token details
Ticker ENCX
Token type ERC20
Accepted Currencies ETH
Bonus Program
Private Sale — 30% discount
Pre-Sale — 15% discount
Public Sale — 5% discount
Token distribution
50% — Token Sale
2% — Referral & Bounty
2% — Advisors
11% — Encrybit
10% — Founders
10% — Early Contributors
5% — Team
10% — Ongoing Development Funds
Funds allocation
30% — Development
25% — Marketing
15% — Administrator and Support
13% — Security and Audit
2% — Legal
15% — Reserve
Token Sale
ICO start date 07 Jan 2019
ICO end date 28 Feb 2019
ICO token supply 135,000,000
Soft cap 5,400,000 USD (fiat)
Hard cap size 32,400,000 USD (fiat)
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 of 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.
We believe the team always plays a leading role in achieving success and we are committed to the same
If you want to know more about encrybit.io, Below are some useful links where you can find more pieces of information
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
Author
Forum Username : H.askan
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=2148490
wallet address 0x41aCdEd432e5C11B3d533AD6E1E63583A697Ae0B
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