ETERBASE Token Review



INVEST NOW at https://www.eterbase.com/

 Introduction

 Market Opportunity
Funds raised through sales of cryptocurrency tokens increased from 5.6M USD in January of 2017 to 987M USD in July of 2017. This activity is expected to exceed 200B USD in 2020 [1]. New global social and economic developments have rapidly changed digital asset market demands [2]. Although significant progress has been made since the early days of Bitcoin, the first wave of cryptocurrency exchanges has become synonymous with non-transparent leadership, performance hiccups, and strategic failings [3]. Throughout 2017 and 2018, all major exchanges have experienced usability issues, and some were even forced to suspend trading and new user account registrations temporarily [4].

 Industry challenges
Within this section, we address some of the major challenges concerning the operation of a cryptocurrency exchange and provide a concept for a set of best practices with the purpose of ensuring a consistent trading experience on our platform

 Market requirements
Overall, existing infrastructure hasn't kept up with growth. Existing cryptocurrency exchanges are unable to handle modern cryptocurrency trading demands. With the advancement of blockchain technology, more people are migrating from a fiat-based monetary system to blockchain-based financial systems

 Technology
Due to rate-limited trading APIs, non-real-time transaction confirmations, and delayed order book updates, it is currently exceptionally challenging, if not impossible, to monetize trading strategies that require the simultaneous execution of many trades (e.g., algorithmic trading, scalping, market making) [6].

 Client support
For most exchanges, customer service is an afterthought. Their customer service model is focused on resolving issues instead of serving users. Response times are painfully slow, and some exchanges don’t respond to written or telephone inquiries at all [7]. Kraken, for example, is one of the leading exchanges, and when the demand for identity verification is high, it takes around 30 days to complete the KYC process required for Tier 4 verification [8]. The ETERBASE customer support system will employ a human-centric customer service model to ensure that every incoming request, whether it is sales inquiries from prospective customers or support queries from existing clients, is efficiently managed and responded to. Studies show that exchange customer response time is a key when it comes to trader satisfaction.

 Fiat
Due to the lack of a formal framework and high barrier to entry, most cryptocurrency exchanges lack fiat support. It's often necessary to first move BTC into a mainstream exchange with better liquidity and that supports BTC-to-fiat trading, and then make a fiat deposit or withdrawal via SEPA/Wire Transfer. As a part of ETERBASE’s market entry strategy, we aim to launch multiple fiat-to-crypto and cryptoto-fiat trading pairs right off the start; including CHF, EUR, USD. Although Tether would be much less expensive to implement and maintain, we believe that relying solely on a 3rd party implementation of a stable-coin might cause compliance complications.

 Trading volume
On May 27th, 2017, Coinbase, a leading exchange platform, claimed that unprecedented high trading volume caused the system to halt and led to a significant plummet in bitcoin’s value. One of the biggest cryptocurrency exchanges, Kraken, was recently down for more than two days, causing clients to panic [9]. Established exchanges clearly suffer from usability problems. Some users are losing confidence in first-wave exchanges and are hesitant to make large deposits, which depletes liquidity on both sides [10]

 Asset security
Asset security is a major concern. Digital asset trading platforms hold large amounts of cryptocur rency deposits, making them unavoidably the target of hackers. On February 24th, 2014, Mt. Gox, a bitcoin exchange, was breached and lost 650K bitcoin, which is currently worth 2.6B USD, while in August 2016, Bitfinex, one of the world’s top 10 cryptocurrency exchanges, was hacked and lost 120K bitcoin, which is currently valued at more than 480M USD [11]. Furthermore, most cryptocurrency exchanges are unable to guarantee their adoption of full-reserve banking (or, 100% reserve banking), a system in which financial institutions must keep the entire amounts of depositors’ funds in cash and available for immediate withdrawal.

 Trading fees
TraXion envisions an international philanthropic system bolstered by truthfulness, accountability and transparency. Safeguards must be put in place to ensure aid money is not wasted, or worse, stolen by corrupt officials tasked to distribute it, as is often the case.

 Listing requirements
We aim to provide a pragmatic environment for the listing and ongoing supervision of a wide range of blockchain-based assets. Despite the growing number of alternative coins and newly issued tokens, there is a significant lack of exchanges that provide support for more than 100 tradable assets. Initial listing fees and annual fees on our platform will vary according to the asset type rather than the market capitalization. Based on feedback we have received, the most inconvenient factor for newly formed coin and token communities is high listing fees. We intend to strengthen the whole ecosystem by opening additional space for promising coins and tokens that are having trouble getting listed on major exchanges.

 Exchange Platform

 Features and functions
Central to any exchange venue is a trading platform, typically a central limit order book on which counterparties’ orders are matched. Market fragmentation in the cryptocurrency space and in creased market complexity impose a set of peculiar operational challenges.

 Trading interface
The ETERBASE exchange environment features an intuitive trading interface for placing buy/sell orders and a native set of technical analysis tools. The interface system is designed to be highly functional and aesthetically appealing

 Sub-accounts
To provide a high level of manageability across a range of digital assets for professional and institutional traders, ETERBASE will implement a system to manage multiple sub-accounts. The latest information about portfolio performance and current prices across your sub-accounts can be conveniently accessed through the main account home screen.

 Social Trading
Social trading creates a uniquely engaging trading experience by allowing the possibility of follow ing and interacting with top traders and market leaders. This creates an opportunity for successful traders to monetize their knowledge of market events by earning XBASE rewards for providing signals and commentaries.

Technical Architecture
Overview
Our exchange aims to facilitate a global low-latency trading experience by using a redundant and horizontally scalable architecture for the account management system. Each trading pair is deployed on a dedicated instance of an order matching engine to ensure high order processing and exceptionally low latency for all users. 

 The main features of the platform architecture are:
• Proprietary low-level, high-speed, and low-latency matching engine as a core of the exchange architecture. 

• Market data distribution via internal high-speed and low-latency publisher/subscriber model with final delivery through websockets. 

• Persistent order and user data storage in auto-rebalanced sharded databases for optimum performance and availability.

 • Four-layer root-spine-leaf architecture with autoscaling leaf nodes. 

• Real-time market data and order management combined with asynchronous post-processing.

 • CORE systems utilizing curated low-latency network hardware equipment that can cope with hundreds of millions of orders per second across trading pairs while maintaining < 10ms latency for order response. 

• Direct market access for professional high-frequency traders - exclusive access will guarantee a physically close location to our infrastructure and proximity to ETERBASE matching engines. 

• Advanced control services layer to secure fund movements (orders and withdrawals) and continual system consistency checks. 

• Utilization of custom HSM and Shamir's Secret Sharing Scheme for private key and wallet management. 

• Industrial recovery solution to minimize dependency on one physical datacenter.

ETERBASE Membership
Membership token
ETERBASE membership is based on our ERC20-compliant token, XBASE, which represents different levels of access to the ETERBASE exchange platform. Membership tokens can be redeemed for discounts, products, and services available through the exchange. Although XBASE tokens might be tradable, they are not an investment, currency, security, commodity, a swap on a currency, or any other kind of financial instrument. The only possible utility is at the sole discretion of ETERBASE AG and the tiered membership program, which can be changed or terminated at any time at the discretion of ETERBASE AG. ETERBASE AG will utilize any direct or indirect proceeds or benefits from donations, contributions, exchange, or trading of XBASE at its sole discretion.
Membership features
The main tool to incentivize trading will be a tiered membership scheme based on the amount of XBASE tokens deposited on the ETERBASE platform.

 Fee structure
Minimizing commissions and trading fees can have a significant impact over the course of trader’s career. Our fees will be scaled competitively against other major exchanges and regularly updated to reflect changes in market demand. It is possible to reduce trading fees using XBASE membership tokens.

Market maker program
As part of our market maker incentive scheme, we will work to create a suitable environment for market makers and high-volume traders. Market makers have a positive effect on the creation of liquidity and supply other traders with relevant price signals

 Direct market access
Our DMA server hosting package provides a convenient option to rent a trading server near our core exchange infrastructure, giving you an edge over traders without DMA.

 Masternode hosting
Traders will receive the full benefits from their masternode without sacrificing the convenience of instantly transferring their coins in and out of the exchange. A service fee will be applied for the maintenance of the masternode and/or proof-of-stake assets. The size of the service fee will be determined by the user’s current membership status.
So join now and invest at https://www.eterbase.com/


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My Bitcointalk account : jagadlangit

My ETH address : 0xA2BFa48A6AfEFaBF498B6541f609E6cef4700D91
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