Tuesday, October 2, 2018

Neluns Introduces Its Ecosystem as a Complete Financial Services Solution for the Cryptocurrency Market

The crypto and the traditional financial markets are quite segregated for a participant attempting to cross over or move their capital from one market to the other. The segregation is a result of large transaction costs, time and money. These costs sometimes lead to the eradication of profits, and in some cases lead to losses, which restricts investors from participating in the market.
Furthermore, Market participants are always searching for ways to diversify their funds, along with rebalancing them to reach an ideal allocation of assets that fits their risk appetite. Given the lack of connection between crypto and the traditional markets, participants are either unable to move funds between different markets in a reasonable timespan or are restricted by the costs associated to do so.
The current crossover mechanism is also inefficient in terms of availability and transparency as it is only available 5 days a week and execution can take from hours to days depending on different factors, such as liquidity, day of execution, time of execution throughout the day, type of order and size of trade.

Why Neluns

Neluns offers users a broad pool of traditional banking services, aimed at quelling the financial needs of personal and corporate goals. While at the same time, they make available operations with fiat money and cryptocurrencies. Multicurrency IBAN accounts and wallets will allow their clients to execute exchange operations in just a few clicks.

Neluns goal

Create a gateway connecting the cryptocurrency market with the traditional financial market by creating an innovative financial ecosystem, and open access to cryptocurrencies for a broad range of individuals.

The Neluns ecosystem Components

The Neluns ecosystem components consist of three elements:
  1. Neluns Bank – A new generation bank, presenting all key fiat banking services with cryptocurrencies.
  2. Neluns Exchange – An Innovative cryptocurrency exchange, making secure and fast cryptocurrency trade operations of any scale available.
  3. Neluns Insurance – Insurance company, allowing to protect any transactions and trades executed by ecosystem users.

1. Neluns Bank

The first element of the ecosystem is the Neluns Bank.
  • Which is a licensed commercial bank, officially registered in accordance with all regulatory requirements.
  • The Neluns Bank presents a broad spectrum of services for physical and legal entities. While all operations are available in fiat and in cryptocurrencies.
  • During the first stage, Neluns Bank will carry out activities combining classical banking and banking on the Blockchain. In the future, Neluns Bank, together with its partners, will transition to its own Blockchain for international settlement purposes.
  • The utilization of leading technologies allows us to create financial products, access to which will be available around the clock from any part of the world.

2. Neluns Exchange

The second element of the ecosystem is the Neluns Exchange.
  • The Neluns Exchange strive to become a global cryptocurrency exchange and establish itself as the foundation for a new and complex banking architecture, which does not suffer from the shortcomings of the existing system. They are creating an innovative solution, eliminating the drawbacks of existing cryptocurrency exchanges.
  • Instead of creating just another exchange, Neluns decided to use the “Bank guarantee” approach. Neluns Exchange user assets are fully legal and insured, they are not affected by unforeseen circumstances, faced by many existing cryptocurrency exchanges.
  • Neluns Exchange is an element of the Neluns financial ecosystem and is closely linked to the Neluns Bank. Exchange operations are executed in accordance with all legal norms and the trades are entirely legal. Investors assets are always connected to IBAN in the Neluns Bank and are legally protected.
  • The Neluns Exchange will receive a license from the U.S Commodity Futures Trading Commission (CFTC) in order to act as a clearing center for derivatives, based on the Bitcoin, Ethereum, and other cryptocurrencies.

3. Neluns Insurance

The third element of the ecosystem is the Neluns Insurance.
  • A separate element of the Neluns financial ecosystem, is the insurance company Neluns Insurance. On demand of the bank and cryptocurrency exchange users, it will carry out insurance coverage for financial risks, tied to trades and transactions.
  • Ecosystem users will have access to full and partial risk insurance.
    • Full insurance.
    Provides insurance coverage in full when an insured event occurs.
    • Partial insurance.
    Limits insurance coverage as certain insurance amounts, as well as the system of specific insured event occurrence conditions.

Finally

The use of the “Bank guarantee” principle allows us to create a quality, new cryptocurrency exchange. The combination of this principle with the use of innovative technology creates the best conditions for cryptocurrency traders and funds.
The Neluns mobile application for iOS and Androids make banking and exchange operations accessible at any time from any part of the world. While at the same time, around the clock support services will quickly resolve users issues.


Author of the article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅My Ethereum Address: 0xA009D96EFB69bC8e328d43c4d18dd9B6d7422BC8

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