ABOUT ETERBASE
ETERBASE is a cryptocurrency exchange platform with a focus on multi-asset support and regulatory compliance. Eterbase is is the world’s first regulation-compliant Europe-based cryptocurrency exchange that offering fast, secure trading across a clean UI.
ETERBASE is building a fully-compliant trading platform not only for experienced traders and big time investors, but for beginners as well. ETERBASE is engaged in the process of building a robust and fully compliant platform that offers a broad range of B2C and B2B cryptocurrency-specialized solutions. These include a high-frequency trading platform capable of real-time spot trading and margin trading, over-the-counter trading, and high frequency server hosting with a direct-market access and incentive system for market makers.
With an Electronic Money Institution license, ETERBASE will fully integrate with the Single Euro Payments Area (SEPA) system, which serves over 500 million people and 20 million businesses across Europe. The EMI license allows direct cash deposits and withdrawals on a payment account, just like a bank.
ETERBASE aims to address several key problems in the cryptocurrency exchange, including:
Growing Market Requirements: The crypto market is exploding with growth, but existing cryptocurrency exchanges struggle to handle the volume.
Limited Technology: Eterbase’s whitepaper mentions technological problems like rate-limited trading APIs, non-real-time transaction confirmations, and delayed order book updates. These issues make it “exceptionally challenging, if not impossible, to monetize trading strategies that require the simultaneous execution of many trades.”
Client Support: Eterbase claims most exchanges treat customer service as “an afterthought.” Eterbase will emphasize a “human-centric” customer service model that better responds to customer requests and complaints.
Lack of Fiat Acceptance: One annoying thing about cryptocurrency exchanges is that it can be hard to deposit money into the platform. Not all exchanges accept fiat currencies. Some exchanges only accept a particular type of fiat currency – like the USD or GBP. Eterbase wants to register as an EU-regulated bank, which would allow it to accept SEPA payments and other traditional payments from Europe-based bank accounts.
Exchange Security: Major exchanges are constantly bombarded with hacking attacks. Even the largest exchanges experience downtime. These are serious issues for an industry seeking mass adoption.
Trading Fees: The average top exchanges charge trading fees of 0.1% to 0.2%, increasing friction in the marketplace. Eterbase will actually offer negative trading fees to some users (you’ll earn money as a market maker on certain membership tiers, for example).
Listing Requirements: Today’s leading exchanges can command $1 million as a listing fee. That’s why many new token developers are forced to use secondary markets where they face low liquidity and large spreads.
ETERBASE EXCHANGE PLATFORM FEATURES
Here are some of the core features of ETERBASE exchange platform:
Heavy-Duty Trade: Eterbase will use “proprietary infrastructures and matching engines” to offer “Secure, complex, high-volume trading” at a level “comparable only to Wall Street”, according to the official website.
Regulation-Compliant: Eterbase is built on a comprehensive regulatory core. That core abides by regulations like KYC, AML, CTF, and GDPR, which makes it fully-compliant with European Union regulations.
Clean and Professional: Eterbase aims to offer powerful trading capabilities for professional traders and beginners alike, including “human-centric design, 24/7 support, and an intuitive interface.”
Individual Client IBAN: Eterbase is applying to become an Electronic Money Institution, or EMI, under European regulatory standards. If successful, this will allow Eterbase to issue fully operational International Bank Account Numbers, or IBAN. That means they’ll be able to clear Euro payments directly while serving customers across the entire European Economic Area (EEA), which covers 31 European countries. This would give Eterbase similar coverage and service as a European-based bank.
SEPA & Debit Cards: Another advantage of getting an EMI license is the ability to integrate Eterbase with the Single Euro Payments Area (SEPA) system. SEPA is accessible to 500 million people and 20 million businesses across Europe. If Eterbase’s EMI application is successful, then the platform will be able to accept direct cash deposits and withdrawals on a payment account – just like a bank. Eterbase will also be able to issue debit cards and execute card payments – against, just like a normal bank.
Mobile App: Eterbase plans to launch a mobile app in the future. That mobile app will offer secure, fast, user-friendly trading and multiple portfolio management on your mobile device.
Sub-Accounts: Eterbase will have a sub-account system where you can manage different portfolios and trading strategies across multiple accounts from within your single account. You can view your entire portfolio’s value at a glance while still implementing unique individual trading strategies.
Social Trading: Eterbase’s social trading feature lets you follow and interact with top traders. Top traders receive commission for everyone copying their trades.
ETERBASE TOKEN: XBASE
Eterbase tokens, or XBASE tokens, are ERC20-compliant tokens built on the Ethereum blockchain. Tokens can be redeemed for discounts, products, and services available through Eterbase. There’s a total supply of 1 billion XBASE tokens. The primary purpose of XBASE tokens is to access the Eterbase tiered membership scheme.
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.
For more information about ETERBASE, please visit the following links:
Website : https://eterbase.com
Whitepaper : https://eterbase.com/whitepaper/
ETERBASE Social Accounts
Telegram : https://t.me/eterbase
Reddit : https://reddit.com/r/eterbase
Linkedin : https://www.linkedin.com/company/28589703/
Facebook : https://www.facebook.com/eterbase
Author: Binar Bumi
Bitcointalk Username : binar234
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2053245
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