Yani Fitriyah: Nebula Exchange

About

Nebula Exchange is a Singapore-based currency exchange cryptocurrency that will offer leveraged trades on cryptocurrency pairs. For now, however, it is still in beta and not operational. However, it seems to have big plans and made some impressive appointments. One major difference is that the Exchange Nebula will offer smaller altcoins that can not afford to appear on the main exchanges, the opportunity to enroll on the platform, for a small fee.

Advantages

Leverage.

The Exchange Nebula will allow users to trade with leverage up to 1:10 through the use of derivatives, which can be appealing to more dedicated merchants and a service similar to many regulated forex brokers offering margin trading on cryptocurrency CFDs. The good thing about Nebula Exchange is that clients can use their accounts both to buy and sell cryptos and for leveraged trades.

Demo.

There is a nice demo of Nebula Exchange’s trading platform, with charts from TradingView, depth of market, order book, etc.

Fiat Trading.

The Nebula Exchange will also offer options to buy and sell cryptocurrency for fiat - EUR and USD, with simple KYC procedures and secure storage options.

Wallet.

Nebula Exchange will also offer a multi-signature wallet, with the option to store, send and receive cryptocurrencies.

Coins.

Although we could not find a definitive list of the coins available for trading on Nebula Exchange, we notice that there will be some more obscure tokens and altcoins that seldom appear on other exchanges, if at all, in addition to the popular ones like Bitcoin, Ether, etc.

Proposals.

In the light of Nebula’s intentions to offer a platform for obscure coins, developers have the option to propose their coin for listing, by filling in a brief form on the site.

Ratings.

Traders will be able to vote and rate the various projects and coins on the exchange, similarly to products ratings in online stores like Amazon. Thus scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects.

The altcoins and projects with high ratings will be rewarded with free advertising on Nebula’s front page.

Security. Nebula promises multi-signature encrypted cold storage of client funds, in order to prevent hacks and thefts.
Mobile apps. In addition to everything else, Nebula promises the launch mobile application for Android and iOS devices that will enable clients to trade on the go. This is still in the works, though.

Nebula Exchange disadvantages

Beta. As we already said Nebula Exchange is still in beta mode and cannot be used for now. It allows sign-up, but it only adds you to a waiting list for a private beta that is yet to be launched.
Timeline. There is no definitive timeline about when Nebula Exchange is planning to launch its full operations, except some vague promises to do so in April 2018, made on its Facebook page. According to previous reports in NewsBTC, the exchange was going to launch in March, but obviously it has been postponed.

Token

The price during the sales period is 40 cents per token (currency name – NESC). You can buy it over the ETH. The project offers a very convenient system of referrals, which can not but rejoice.

How will all tokens be distributed?]

65% share of private sales;

20% share of project team and advisors;

10% was sold in private presale;

5% pool airdrop and bounty.

[How will the collected funds be distributed?]

50% of the collected funds will be spent on the development of the product and operating costs;

15% legal expenses pool;

10% share on marketing and promotion;

25% will be spent on the rapid development of the team.

The Team

Conclusion

Nebula Exchange looks very promising and will have some really nice features, as long as it finally launches its operations. For now it is only making promises and postponing the start.

We find the low fees particularly attractive, as well as the possibility to invest in obscure, but promising crypto projects, which are not listed elsewhere. We also like the leveraged trading option.

What we do not like much is the fact that there is no detailed information about the option to buy and sell cryptos for fiat and the deposit methods, but hopefully this will be clarified once Nebula launches.