Topic: [ANN]Encrybit–Declares Date of Survey held to improve Existing Crypto Exchange (Read 931 times)

An amazing project whose goal is to create a reliable exchange platform for cryptocurrency.

CONGRATULATIONS for the successful survey! I'm looking forward for more developments of Encrybit project. I know this project will be boom in the future, I believed that, because the project itself has a great potential and leads us to success. Kudos team!

May the results of the survey be valid and be a strong argument as
the feasibility material of the Encrybit project. And WP can come
with actual illustrations of results survey. Thus, Hope the Encrybit
to become a success.

And we are all set with the Survey statistics. We are apt and keen to present it in front of you. Hope you have checked out survey winners and journey as specified in the links above. The winners @phillipgibb, @prast_edy and @cryptopsymon are happy to receive 100, 75 and 50 XRP respectively.

The pieces of information which we were looking for are now with us. It’s pleasure sharing it with you. Just a click away: https://medium.com/@enbofficial/encrybit-revealed-real-time-cyptocurrency-exchange-problems-survey-report-announced-650bba659a6d

Thank you again for expressing your opinions, it helps a lot!

Another important update. We are done with scrutinizing the survey results and have announced the winners. Thank you all once again for your contribution towards this improvisation survey. Check out below link to see the winners:

https://twitter.com/enbofficial/status/994469929335242754

And to catch a glimpse of our survey journey, visit: https://medium.com/@enbofficial/encrybit-thanks-the-survey-participants-for-an-overwhelming-response-stay-updated-15c103dcee45

Stay tuned with us to know the Survey Statistics. Coming soon!

Hi paklungipin,

Thanks for coming back. I respect your curiosity. I and my team are working round the clock to make things as quick as possible. Right now we are working on the survey result which is going to be published soon. The major details about the exchange will be revealed in the whitepaper at a later stage.

Encrybit is totally worth the wait. Stay connected with us on Twitter and Telegram so that you never miss an update from us.

I can not wait to read the idea of improvisation,
planning, foundation, and team from this project.
Hopefully the idea will be revealed in whitepaper later
really get interest from traders and investors.
hopefully soon be done.

Answering your questions one by one:

What you want to do:
As a matter of fact, an exchange platform serves as the base to cryptocurrency trading. The existing exchange platforms do have some cons associated which needs to be overcome for expanding/increasing trust of traders and the newbies who are willing to trade but are feared due to the problems faced. In order to overcome these hurdles, an improved and secure cryptocurrency exchange platform is the necessity of time. A trading platform which is more user-friendly and includes indicators required by professional traders. An interactive UI and better customer support. Formally introducing "Encrybit - The Future of Exchange".

What you have already done:
Our research team has done the analysis and laid out plans for the robust technical architecture of the exchange platform. The marketing team has done the competitive analysis to filter the good and bad qualities of the existing exchange. Based on these and other market facts and experience of the team, whitepaper, prototype and website are in the phase of completion. We have also conducted an online survey to gather trader's opinion on real-time issues faced with existing cryptocurrency exchange and their expectations from future of exchange. We have received an overwhelming response and will be announcing the survey statistics soon. Once the survey part is over, we release the whitepaper, launch prototype and website which will give a better idea about the exchange.

What we need to do to help you
The research team has the facts of what is required for the future of exchange. But it is also equally important to know trader's opinion on how they expect the things to be. We need your feedback regarding the problems faced while using current trading platforms and also other features which they wish to have and are not available right now. Encrybit will organize survey further so that the traders who have missed out the first survey can express their opinion in the upcoming survey.

So, in all Encrybit is an upcoming cryptocurrency exchange platform. Our aim is to provide "People's Exchange" which is in compliance with trader's demand.

The team behind Encrybit is an amalgamation of Cryptocurrency and Blockchain experts who are working dedicatedly to develop the world's finest exchange.

in fact it is not clear what you want to do, what you have already done and what we need to do to help you, as far as I can judge the project is not, and all that is now is the germ that is made thanks to the common opinion?

Thank you so much for such a descriptive appreciation. It's true that there is a tough competition in the crypto market, but we are ready to face it! And the idea of improvisation will help us succeed. A good idea with better planning, foundation and skilled workforce is likely to win hearts of end users. It will be a trading paradise for traders and investors as they will have all the required features at one destination.

Even Encrybit aims to be on the list of best cryptocurrency exchanges. With our hard work and your support, we are likely to achieve our aim at the earliest.

I totally agree with the support issue. The support tickets on other exchanges remain unanswered for multiple days. Improving this aspect, Encrybit will have a dedicated and talented support team to solve client tickets as quickly as possible.

We do have plans for releasing an app based on Android and iOS. Yes, we will have all the indicators available on our exchange included in the app as well. FYI binance do has indicators in horizontal view.

Your concern is pretty genuine. We have a separate department to look for ICO listing. Once the exchange is up and running with our pre-decided coins, the plans for ICO listing will be executed.

Security is a major concern on exchanges as it houses tons of hackable data - users personal information, wallet details, and of course the money. It is now the most vulnerable place for hackers on the Internet. Our research team and security experts have analyzed the threatening situations and have framed resilient security policies to prevent hacking. Here's a glimpse:

• Fully compliant with ISO 27001 (and 27002) Information Security Standards
• Apply CryptoCurrency Security Standard (CCSS)
• A fool-proof security layer by getting security audit of the exchange platform from an external firm
• Micro-withdrawal wallets with multi-layer encryption for better monetary protection
• Storage of remaining funds in cold wallets
• Periodic checks on account and exchange balance
• Withdrawal from whitelisted IPs

Well, maybe planning better than this in future. Currently, not on the roadmap.

Yes, sure. I have been trading on multiple exchanges and the worry for money invested on the exchange troubles a trader the most. I have passed through these inconveniences and will make sure that the same does not happen with the users of Encrybit. Answering your questions, our head office is located in Hong Kong.

Thank you for sharing your opinion. Our team will check on the liability of altcoin and if it passes the test, will then be listed with USDT pair. This check is a must because if the coin is incapable to build up volume and attract potential investors, listing it on the exchange is fruitless.

Pretty good question. The trading UI and functionality on our exchange will stand out from the rest as they will be better and improved than other trading systems. The user engagement model will attract more users as the exchange overcomes issues faced by them at other exchanges.

The field of Exchange is already quite saturated with competitors.
Many exchanges are already successful and popular. Although
have an expensive transaction fee, the cost for listing that
expensive, requires a lot of users (vote), requires
have a certain volume and others.
Likewise, many exchanges that have that requirement
easy and free but have not got a chance to success.

A good idea, if a product starts from intentions leading
to the repair of problems that are often faced by user.
Moreover, already through the results of a positive survey.

Hope this one project product has benefits that it does not
biased. Such aspects of user engagement will get considerate,
considered and valued.
And from a technical point I also read, there will be tools
and indicators which is quite complete for professionals and
casual users.
Its user friendly, very helpful, profitable and most suitable
for crypto condition now.

So, hopefully the target becomes top 10 crypto exchange
The next 2 years will come true. Keep monitoring, while
waiting for future development.

Thank you for the best wishes. It boosts up the moral support of members at Encrybit.