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Encrybit claims to provide a completely safe trading platformEncrybit
Security is one of the most important issues in the blockchain world with almost, not a day around without learning hacks and / or fraudulent schemes that have literally destroyed the market. With most of the currencies now falling more than 90% from last year's historical highs, the investor faces a difficult situation.
We have reached Yogesh Trivedi which is COO of Encrybit which claims to be a tailor-made platform for traders that combines transparent solutions with effective features. & nbsp; & nbsp;
"We based the Encrybit platform on research based on research, which means we interviewed cryptocurrency traders to see what was missing in the cryptographic space.After feedback from over 12,000 users in 167 countries, we decided that our role in the cryptocurrency is to provide a platform for traders where we work constantly to develop their thoughts and their expectations in reality. "
Security is an important aspect of any successful business in today's world and is a priority for every self-respecting trading platform. Yogesh has revealed that their security consultants have many years of experience in creating secure protocols for web and mobile applications.
"We aim to create robust security measures at the application, user and system level".
Most people in cryptographic space have heard of DDOS attacks as it is a common factor in most successful attacks in the past. Yet, is it really the DDOS that is the common link? No. There are many other security protocols that need to be considered to prevent unwanted attacks and Yogesh claims that Encrybit is facing more than 35 of these vulnerable protocols.
At what point is the project: do you intend to issue a token? What kind of symbol will it be and how will you get funding for this?
"With a great response from private institutions and investors in private sale, we will begin the pre-sale of Encrybit on December 15, 2018. We are issuing a service token called ENCX. This will not only be to raise capital during the sale, but also to administer the exchange transaction and define a revenue model for Encrybit, "adds Yogesh.
Yogesh he admits that the cryptography market has had a very difficult year. The prices of the coins fell with panic and people thought it was the beginning of the end.
"But did we expect to reach the $ 20,000 Bitcoin prices in 2017? No, but it was almost there.You can not control for all the variables, it's impossible. & Now the market is maturing and opening the way for a new era of the cryptocurrency market where only quality projects will stand the test of time ". & Nbsp;
Yogesh insists that his team is working hard and 24 hours a day to safeguard the benefits of the investor in the current market situation. Furthermore, it states that Encrybit is introducing the "Investor Shield Program" which presumably will guarantee the related benefits for investors.
"The concerns of low market investments are no longer a problem because we are making sure that your investments are safe.We make sure that the investor returns up to 5 times from the ENCX price purchased using ETH O BTC. & Nbsp; , with that being said, someone who buys 50 ETHs today where the ETH price is at $ 100 will receive 25,000 ENCX tokens and will be frozen as a minimum amount even if the ETH prices will drop from the amount that was purchased.If the ETH price or BTC increases, we will evaluate the main purchase of ETH prices at 5 times from the purchase date So after 5 months of purchase at the time of the ENCX distribution, if the ETH prices rose to $ 400, then we will calculate the total distribution by multiplying the ETH value at $ 400 and the final amount will be 100K token ENCX, "explains Yogesh.
Have you talked to financial institutions about token sales? Have there been positive feedback in this regard?
"Based on the reviews we are getting for Encrybit, 87% believe this project is unique and promising for traders.We had the opportunity to demonstrate the Encrybit exchange prototype with over 500 experienced traders and VCs with the 70% of positive answers and many of them are already involved and now they are contributing their time and resources in this project.The reviews of the Encrybit project are now high in the market and have been ranked in 90% of the first ICO ads as a platform of research ".
What do you think are the main challenges concerning blockchain and crypto today?
"Well, the blockchain has not yet been fully explored because it's still an innovative technology, but it's already entertaining some of the biggest transactions for the financial and supply chain industries – IBM is fully involved and even Microsoft is, along with a few companies well known to explore how best to use this new technology, but the discussion on Blockchain always ends with a big question mark at the end ".
Yogesh lists the biggest challenges for Blockchain as follows:
Scalability and low speeds & nbsp; in transactions with a higher network transport rate.
The test method of work requires a lot of computational power to solve complex logic. It ends up being too difficult to reach a consensus.
On the other hand, if we take Bitcoin as Blockchain, the biggest concern is criminal activities because its transactions are not traceable and totally anonymous and people take advantage of it.
Furthermore, if we group the blockchain with cryptocurrency, & nbsp; most of the community is afraid of scams and is hacked, which can easily cause huge losses.
And what will be the main challenges / opportunities in space in 2019?
"I think 2019 will be a crucial year for the cryptocurrency in which this sector will see control and regulation by SEC, SFC and other regulatory agencies in different countries and regions – 2019 will witness the power of the community where only quality projects will make the cut.There is a lot of competition and those that will emerge victoriously have to adapt quickly and have easily accessible use cases for a quick adoption.For us, 2019 will be a crucial year in which the market will see the launch of its trading platform in the fourth quarter, I am quite optimistic and I hope that its security features and its concept of merchant will create a niche for Encrybit in the cryptocurrency universe, "concludes Yogesh.
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Encrybit claims to provide a completely safe trading platformEncrybit
Security is one of the most important issues in the blockchain world with almost, not a day around without learning hacks and / or fraudulent schemes that have literally destroyed the market. With most of the currencies now falling more than 90% from last year's historical highs, the investor faces a difficult situation.
We have reached Yogesh Trivedi which is COO of Encrybit which claims to be a tailor-made platform for merchants combining transparent solutions with effective features.
"We based the Encrybit platform on research based on research, which means we interviewed cryptocurrency traders to see what was missing in the cryptographic space.After feedback from over 12,000 users in 167 countries, we decided that our role in the cryptocurrency is to provide a platform for traders where we work constantly to develop their thoughts and their expectations in reality. "
Security is an important aspect of any successful business in today's world and is a priority for every self-respecting trading platform. Yogesh has revealed that their security consultants have many years of experience in creating secure protocols for web and mobile applications.
"We aim to create robust security measures at the application, user and system level".
Most people in cryptographic space have heard of DDOS attacks as it is a common factor in most successful attacks in the past. Yet, is it really the DDOS that is the common link? No. There are many other security protocols that need to be considered to prevent unwanted attacks and Yogesh claims that Encrybit is facing more than 35 of these vulnerable protocols.
At what point is the project: do you intend to issue a token? What kind of symbol will it be and how will you get funding for this?
"With a great response from private institutions and investors in private sale, we will begin the pre-sale of Encrybit on December 15, 2018. We are issuing a service token called ENCX. This will not only be to raise capital during the sale, but also to administer the exchange transaction and define a revenue model for Encrybit, "adds Yogesh.
Yogesh he admits that the cryptography market has had a very difficult year. The prices of the coins fell with panic and people thought it was the beginning of the end.
"But did we expect to reach the $ 20,000 Bitcoin prices in 2017? No, but it was almost there, you can not control for all the variables, it's impossible, now the market is maturing and giving way to a new era in the market cryptocurrencies where only quality projects will overcome the test of time ".
Yogesh insists that his team is working hard and 24 hours a day to safeguard the benefits of the investor in the current market situation. Furthermore, it states that Encrybit is introducing the "Investor Shield Program" which presumably will guarantee the related benefits for investors.
"The concerns of low market investments are no longer a problem because we are making sure that your investments are safe.We make sure that the investor returns up to 5 times from the ENCX price purchased using ETH O BTC. said, someone who buys 50 ETHs today where the ETH price is at $ 100 will receive 25,000 ENCX tokens and will be frozen as a minimum amount even if the ETH prices will drop from the amount that was purchased.If the price of ETH or BTC increases , we will evaluate the main purchase of ETH prices at 5 times from the purchase date.Then, after 5 months of purchase at the time of the ENCX distribution, if the ETH prices rose to $ 400, then we will calculate the total distribution by multiplying the ETH value at $ 400 and the final amount will be 100K token ENCX, "explains Yogesh.
Have you talked to financial institutions about token sales? Have there been positive feedback in this regard?
"Based on the reviews we are getting for Encrybit, 87% believe this project is unique and promising for traders.We had the opportunity to demonstrate the Encrybit exchange prototype with over 500 experienced traders and VCs with the 70% of positive answers and many of them are already involved and now they are contributing their time and resources in this project.The reviews of the Encrybit project are now high in the market and have been ranked in 90% of the first ICO ads as a platform of research ".
What do you think are the main challenges concerning blockchain and crypto today?
"Well, the blockchain has not yet been fully explored because it's still an innovative technology, but it's already entertaining some of the biggest transactions for the financial and supply chain industries – IBM is fully involved and even Microsoft is, along with a few companies well known to explore how best to use this new technology, but the discussion on Blockchain always ends with a big question mark at the end ".
Yogesh lists the biggest challenges for Blockchain as follows:
The scalability and the low speed in transactions with the increase in the tariff for transport in the network.
The test method of work requires a lot of computational power to solve complex logic. It ends up being too difficult to reach a consensus.
On the other hand, if we take Bitcoin as Blockchain, the biggest concern is criminal activities because its transactions are not traceable and totally anonymous and people take advantage of it.
Moreover, if we group blockchain with cryptocurrency, most of the community is afraid of scams and is hacked, which can easily cause huge losses.
And what will be the main challenges / opportunities in space in 2019?
"I think 2019 will be a crucial year for the cryptocurrency in which this sector will see control and regulation by SEC, SFC and other regulatory agencies in different countries and regions – 2019 will witness the power of the community where only quality projects will make the cut.There is a lot of competition and those that will emerge victoriously have to adapt quickly and have easily accessible use cases for a quick adoption.For us, 2019 will be a crucial year in which the market will see the launch of its trading platform in the fourth quarter, I am quite optimistic and I hope that its security features and its concept of merchant will create a niche for Encrybit in the cryptocurrency universe, "concludes Yogesh.
