neluns2
Target audience and its issues
The key to the effectiveness of any
business model lays in the proper identification of a target audience,
its issue, and a timely solution.
The Neluns target audience is quite
broad. Composed of all current cryptoasset market participants, as well as those
who could receive additional profits on account of entering the market.
However, there exists an array of serious issues with which both parties run
into.
Limited amount of banking
services.
First, it’s worth noting that
currently, there is a very limited amount of banking services in the
cryptocurrency market. In contrast to the traditional market, where thousands
of different banks operaten within the cryptocurrency market, there exist just a
few projects which provide banking services, while their possibilities are
severely limited.If market participants had access to banking services, this
would positively reflect on their profits. For example, long term investors
would be able to deposit their funds and receive a premium, gaining additional
profits with minimal risk levels. Lending services would allow traders and
funds to increase their capital volume.
More so, if private and legal
entities could execute secure cryptocurrency in just a few
clicks, and easily convert them into fiat, this would attract a plethora of new participants to the cryptocurrency market.
clicks, and easily convert them into fiat, this would attract a plethora of new participants to the cryptocurrency market.
Limited selection of financial
instruments
Cryptocurrency market
players have access to a very limited
number of financial instruments. In the
traditional financial market, traders and
various investment funds have access to a
broad pool of derivatives, such as
options, forward and futures contracts, swaps. This allows
them to significantly increase their profits and hedge risks.
The practically full absence of analogous financial instruments limits the possibilities of cryptoasset market participants, as well as scares awaynew “players”, who wants to enter this market.
The practically full absence of analogous financial instruments limits the possibilities of cryptoasset market participants, as well as scares awaynew “players”, who wants to enter this market.
Challenges in working with
cryptocurrency exchanges
Many market participants regularly
take part in trading assets. The majority of which are cryptocurrency traders
and funds. When working with cryptocurrency exchanges, they run into serious
problems.
First of all, far from all
cryptocurrency exchanges, even the largest ones, are capable of handling peak
loads. Exchange operation failures are a regularity, some exchanges limit the
registration of new users.
Secondly, many cryptocurrency exchange users run into issues when withdrawing funds from exchanges. This can be due to withdrawal limits. While at the same time, many users were barred from passing KYC procedures (which is possibly due to deliberate blocking by exchange personnel), which could increase limits.
Secondly, many cryptocurrency exchange users run into issues when withdrawing funds from exchanges. This can be due to withdrawal limits. While at the same time, many users were barred from passing KYC procedures (which is possibly due to deliberate blocking by exchange personnel), which could increase limits.
Lastly, cryptocurrency exchanges
frequently succumb to cyber attacks. Crypto media platforms
frequently report stolen funds from certain
exchanges. For example, in January 2018, hackers withdrew
$500M in NEM from the Coincheck exchange.
Aside from this, many exchanges
experience liquidity issues, as a result, user orders cannot be closed at
appropriate times and prices.
User support services of most
cryptocurrency exchanges function at a subpar level. As a result, users must
wait for their issues to be solved for a considerable amount of time, which can
lead to financial losses.
Problems with performance obligation
guarantees
Another serious issue that arises
during most trades and transaction operations is the absence of
obligation performances by counterparties. As
a result, risks significantly increase. Which is why many
interested individuals, as well as companies, simply reject the idea of
entering the market.
Aside from this, during uncertain
legal boundaries, many market participants run into scams and invest their
funds in fraudulent ICO projects. As a result, the authors of such
projects do not follow their initial
development plans or simply run away stealing
collected funds.
The availability of insured trades
and transactions, as well as the active implementation of escrow ICO investment
protection, would allow to minimize the negative effects of scams, prevent the
loss of market participants, and increase overall trust.
Token Detail
Roadmap
November 2017: Team
Neluns Formulation
December 2017: ICO
preparation
May 2018: Beta testing
of the iOS mobile application
June 2018: Holds a
closed investment round for investment funds and anchor investors
July 2018: Preparation
for the sale of NLS tokens
August 2018: Pre-sale
of NLS tokens, pre-ICO
September 2018: NLS ICO
tokens, mobile app launch (beta version) for iOS and Android
October 2018: Listing
on currency exchange bittrex.com, huobi.com, kraken.com
November 2018: Launch
of the P2P loan platform, launch of the mobile application (alpha version) for
iOS and Android
December 2018: Listing
on hitbtc.com, poloniex.com cryptocurrency exchange, binance.com, bitfinex.com,
okex.com
January 2019: Obtain
licenses for Bank Neluns, launch payment services to convert cryptocurrency and
carry out fund transfers to any part of the world, connecting Bank Neluns to
Swift, starting from Visa, MasterCard, American Express credit cards issued
February 2019: Obtain a
CFTC license and launch the Neluns Exchange - an innovative cryptocurrency
exchange
April 2019: Launch of
the full Neluns ecosystem
April 2020: IPO
(initial public offering) on the New York Stock Exchange (NYSE)
For more information :
Author :
Cut3nggan
0x920B18b9596A996788f8E805B51FC21769543C43
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