Encrybit (ENCX) ICO Review and Rating

What is Encrybit about?

Encrybit the trending cryptocurrency exchange: Based on the reviews we’re getting for Encrybit, 80% find this project to be unique and conceptual for traders. They got a chance to demonstrate Encrybit exchange prototype with more than 500 proficient traders and VC’s with 70% positive responses and many of them are already involved contributing their time and assets in this project.

Encrybit is creating war of competition among traditional exchanges Social Trading, Smart Alert, Crypto Radar, Broad Order Book, Coin Comparison, P/L Report are some of the features which will solve most of the issues we came to know from the surveys in the market. Encrybit has Demo trading which will help users to self-learn and make trading strategies. In a nutshell, the functions and features they’re including are supportive and useful for every type of traders (VC’s, Professional & Beginners).

What are the value drivers behind the token price of ENCX?

The main value drivers behind ENCX token price are the token buyback and burn program which is funded with 10% of total quarterly profit, 50% discount on trading fee by using the ENCX token and 40% of coin listing fee charged in ENCX tokens. All of these drivers positively affect the token price especially in the long-run.

Encrybit ICO Review and Analysis

Review and analysis of Encrybit by ICO analysts:

Strengths

The project has implemented solid token value drivers with token buyback program 10 from quarterly profits and 50% discount fee & 40% coin listing fee paid in the ENCX, which make this ICO a good candidate for long-term investment
The project has established a strong online media presence and community support with 20k Telegram members and 9k Twitter followers
The roadmap of the project is laid out in a way that’s detailed enough and easy to follow, which makes it easy for the investors to understand what the project will deliver in the next few years
MVP demo of the product has been finished, and team has a track record of running successful software companies since 2009

Potential concerns

At the time of the review the project website didn’t include partnership announcements yet

Encrybit ICO Rating: A

Encrybit rating breakdown by ICO analysts - Learn more about the rating and grading here

Rating category	How to evaluate	Rating
Team legitimity	How experienced is the team in terms of blockchain and project industry track records?	4.25
First Impression	What kind of first impression the ICO website and whitepaper gives?	4
Potential of tokenization model	How appealing is the token from both project business and ICO investor's point of view?	3.7
Hard Cap	Is the hard cap of the ICO appealing from investor's point of view?	2.75
Token allocation + Fund allocation	How are the tokens allocated after token generation? How are the funds raised from the ICO going to be distributed in moving forward with the project?	3.5
Professionalism of the available material	How good are the marketing materials of the ICO?	4.35
Realism of the roadmap compared to the team size and budget	The roadmap is divided into 4 tiers according to different amounts of money raised	4.3
Partnership network	Has the ICO announced partnerships, if so how big and credible companies are they?	1
Background of the managing organization	Has the managing organization a successful track record in business?	4.25
Size of social media communities	How big are social media communities, especially Telegram and Twitter following?	4.5
Reviews on other ICO sites and media	Are there other reviews of the ICO available?	4
Is it easy to find the relevant information from the provided materials?	Is it easy to find the relevant information from the provided materials?	4

What is the value proposition of Encrybit?

Encrybit arrived at the point where the market is filled with Blockchain projects and their respective cryptocurrencies, on the top of that there are a vast amount of exchange platforms, which try to exploit this modern gold rush.

But the results are appalling, the most used ones can be counted on one hand and they don’t always provide what the user needs, who’s got more liquidity, lacks in user engagement, who gives better user experience but lack of trading pairs or requires massive deposits in order to register, most of them have also high trading and withdraw fees and that’s not what the user is looking for.

Encrybit and its platform want to solve those issues, trying to give users all the tools they need, all in one single page when you need them and extremely easy to use, no switching tabs and no need of third-party platforms, “All you need, all in one page”.

It doesn’t matter you’re trading for fun or for work, all the trader categories will be given the chance to trade in a more relaxed and engaging way.

The ENCX token

Token symbol: ENCX
Total supply: 270 000 000 (270 million)
Available for public sale: 162 000 000 (162 million)
Total Circulating Supply after sale: 172 000 000 (172 million)

Encrybit ICO Roadmap

Q1 2018

Foundation Establishment Internal Team Formation Planning of Exchange Development Launching of Internal Tools & Services

Q2 2018

Encrybit.io Website Launch Corporate Entity Establishment External Team Building Exchange Feature Prototype LitePaper Published - English, Korean, Russian, French, Malay, Italian ICO and Exchange Marketing Listing of Encrybit in Major Publications Cryptocurrency Exchange Problems Surve

Q3 2018

Community Building Global Promotion and Publication of Encrybit Cryptocurrency Exchange Evaluation Survey Launch of Main ICO Website along with Whitepaper and Prototype Pre-ICO Bounty Programs

Q4 2018

Private Sale Launch ICO Goes Live Round 1 – Pre Sale

Q1 2019

ICO Round 2 – Public Sale Marketing and Promotions of Exchange Exchange legal and compliance process

Q2 2019

Exchange Algorithm and Security Testing Marketing, Promotions & Useful Partnership Programs Coin Listing Registration Starts Private Beta Test Launch

Q3 2019

Exchange Public Test Launch and Bug Fixing Marketing, Promotions & Useful Partnership Programs Encrybit Exchange Live R&D team Setup to Explore Decentralize Exchange on Compatibility and Process

Q4 2019

Marketing, Promotions & useful Partnership programs Multi Chart feature launch Advance Order summary feature launch

Q1 2020

Chat Feature Launch Social Trading Launch Trailing Stop Loss Launch Marketing, Promotions & Useful Partnership Programs Announcement on Decentralized Exchange by R&D Team, Further Steps will be carried out based on the Report.

Q2 2020

Ongoing R&D to provide more Unique Functionality Develop and Launch Features as per the Market Trend Partnership, Promotion, Events, Marketing and whatever it takes to be on top 10 by Q2 2021.