Eterbase is a regulated European exchange cryptocurrency, offering fast and secure trading through a clean user interface. Find out how it works today in our review. The company announced an online exchange on April 25, 2018. As of May 2, the company offers access to membership at the beginning of the reception in exchange for entering an email address. You can get a peep on the stock exchange in your official blog post. Eterbase is developed by the development team in Liechtenstein.
What is Eterbase?
It is obvious that today many exchanges are available cryptocurrencies what distinguishes Eterbase? How does the Exchange plan compete? Here are some of the main features of sharing: Heavy Duty Trading: Eterbase will use “branded infrastructures and appropriate engines” to offer “protected, complex, large volumes of trades” to a level comparable only to Wall Street, “the official website reports.
Regulatory compliance: Eterbase is built on a comprehensive regulatory core. This kernel complies with provisions such as KYC, AML, CTF, and GDPR, making it fully compatible with the rules of the European Union. Clean and Professional: Eterbase strives to offer powerful trading opportunities for professional traders and beginners, including “human-centric design, support 24/7 and intuitive interface”.
Individual client IBAN: Eterbase is applying for the creation of an electronic money institution or EMI in accordance with European regulatory standards. If successful, this will allow eterbase to issue fully valid international bank account numbers or IBAN. This means that they will be able to directly clean up payments in euros, serving customers throughout the European Economic Area (EEA), which covers 31 European countries. This would ensure eterbase similar coverage and service as the European bank.
SEPA and debit cards. Another advantage of obtaining an EMI license is the ability to integrate eterbase with the Unified Payment System (SEPA) system. SEPA is available for 500 million people and 20 million companies in Europe. If the Eterbase EMI application is successful, the platform will be able to accept direct cash deposits and withdrawals in the payment account just like the bank. Eterbase will also be able to issue debit cards and carry out card payments against like a regular bank.
Mobile app: Eterbase plans to launch a mobile app in the future. This mobile app will offer secure, fast, convenient management and management of multiple portfolios on your mobile device. Sub Eterbase will have a subsystem in which you can manage different portfolios and trading strategies on multiple accounts from the same account. You can immediately view the entire value of your portfolio while maintaining unique individual trading strategies. Social trade: The Eterbase Social trading function allows you to monitor and interact with the best traders. The best traders get a commission for everyone who copies their trades.
What are the problems looking for eterbase to solve?
Why do we need an exchange, for example, Eterbase? The company believes that the market can not solve several key problems in the industry, including all the following: Growing market demands: crypto-market explodes with growth but existing cryptocurrencies exchanges are struggling to handle the volume.
Limited technology: Technical documentation ETerbase mentions technological issues such as speed-limited trading APIs, real-time transaction acknowledgments, and pending order updates. These problems make “extremely difficult, if not impossible,” monetization of trading strategies that require simultaneous execution of many transactions customer support: Eterbase claims that most exchanges treat customer service as “Belated thought.” Eterbase will emphasize a “human-centric” customer service model that responds better to customer requests and complaints. No adoption of Fiat: one of the unpleasant things in the exchange of cryptocurrencies is that the platform can be tricky to invest. Not all exchanges accept fixed currencies. Some exchanges accept only a certain type of fiat currency such as USD or GBP.
Exchange Security: Major exchanges are constantly bombarded by hacker attacks. Even the largest stock exchanges are experiencing downtime. These are serious problems for the industry requiring mass adoption.
Trade fees: On average, top exchanges charge a trade fee of 0.1% to 0.2%, increasing friction on the market. Eterbase will actually offer negative trade fees to some users (for example, you will earn money as a market maker at certain membership levels).
Listing requirements: Today’s leading exchanges can make $1 million per listing. This is why many new marker developers are forced to use secondary markets where they face low liquidity and large spreads.
How do eterbase tokens work?
Eterbase, or ETX tokens, are tokens that are compatible with ERC20, built on a block chain Ethereum tokens can be redeemed for discounts, products and services available through eterbase.
There is a total stock of 1 billion ETX tokens.
The main purpose of ETX tokens is to gain access to the Eterbase membership scheme, which we will discuss below. Cost of Eterbase
The eterbase fee will be based on a multilevel membership scheme. The more tokens you pass on the Eterbase platform, the higher your membership level will be. Members at a higher level will pay lower commissions than members at a lower level.
Eterbase seeks to distinguish itself from the competition by running a fully regulated exchange of cryptocurrencies in Europe This exchange will offer corporate level trading opportunities along with a multilevel membership system that significantly Rewards holders of ETX tokens. Eterbase also applies to become an electronic monetary institution (EMI) under EU law, which means that Exchange can accept SEPA transfers and directly interact with European banking systems.
Detail Information :
Website : https://eterbase.com
Whitepaper : https://eterbase.com/whitepaper
Reddit : https://reddit.com/r/eterbase
Linkedin : https://www.linkedin.com/company/28589703
Facebook : https://www.facebook.com/eterbase
My Ethereum Address: