KuBiTX
KuBitX is a centralized cryptocurrency exchange. Building the most advanced and robust Trade engines, one of the most secure, fastest and robust platform today. Founded by a Team of result driven professionals working in the top fortune 500 companies and one of the "big four" consulting firms.
Currently, laying all the foundations and linkages to focus the KuBitX exchange as a vehicle to open up adoption and economic inclusion for the emerging markets.
This game-changing platform will not just be another fee-maker, in fact all trading fees will be paid using our token. We will never charge fees in other cryptocurrencies unless the user doesn't possess our token which will be easy to acquire in our exchange. We are here to provide transparent services to our customers; never compromising the integrity of users' data.
A report issued by the World Bank in August 2017, unleashed that around 2 billion people were unbanked across the world. Cryptocurrency can bridge the gap and play a vital role in the financial inclusion of people who are still unbanked. The global adoption rate of cryptocurrency is still below 3% implying that there is still a lot more room for growth and as more tokens are created, they will need to be listed in Exchanges. So there is still a demand vs. supply gap of cryptocurrency exchanges. The market is ripe for Cryptocurrency as witnessed this past year. Exchanges such as Binance, Bittrex, and many others had to halt registration of new users because they could not handle the ever-increasing traffic with their current infrastructure. More education still needs to be imparted to educate more people.
The current trends clearly state that traditional banks are still struggling to reach the unbanked across Africa. In the year 2014, a report revealed that around 66% of Sub-Saharan Africans did not have bank accounts. The primary reasons of this restrained banking are the small size of national markets, a lack of financial literacy, low-income levels, political instability and weak judicial systems. Also, the problem arises when banks continue to rely on traditional banking models of branch networks, expensive technology, inadequate systems and a limited talent pool.
To resolve these issues, KUBITX has been launched. The current population of Africa as a whole stands at 1.28 Billion1which has a growth rate of 2.52% yearly. This huge market serves as the target market for the Vision and Mission of KuBitX.
KuBitX:
Currently, laying all the foundations and linkages to focus the KuBitX exchange as a vehicle to open up adoption and economic inclusion for the emerging markets.
This game-changing platform will not just be another fee-maker, in fact all trading fees will be paid using our token. We will never charge fees in other cryptocurrencies unless the user doesn't possess our token which will be easy to acquire in our exchange. We are here to provide transparent services to our customers; never compromising the integrity of users' data.
A report issued by the World Bank in August 2017, unleashed that around 2 billion people were unbanked across the world. Cryptocurrency can bridge the gap and play a vital role in the financial inclusion of people who are still unbanked. The global adoption rate of cryptocurrency is still below 3% implying that there is still a lot more room for growth and as more tokens are created, they will need to be listed in Exchanges. So there is still a demand vs. supply gap of cryptocurrency exchanges. The market is ripe for Cryptocurrency as witnessed this past year. Exchanges such as Binance, Bittrex, and many others had to halt registration of new users because they could not handle the ever-increasing traffic with their current infrastructure. More education still needs to be imparted to educate more people.
The current trends clearly state that traditional banks are still struggling to reach the unbanked across Africa. In the year 2014, a report revealed that around 66% of Sub-Saharan Africans did not have bank accounts. The primary reasons of this restrained banking are the small size of national markets, a lack of financial literacy, low-income levels, political instability and weak judicial systems. Also, the problem arises when banks continue to rely on traditional banking models of branch networks, expensive technology, inadequate systems and a limited talent pool.
To resolve these issues, KUBITX has been launched. The current population of Africa as a whole stands at 1.28 Billion1which has a growth rate of 2.52% yearly. This huge market serves as the target market for the Vision and Mission of KuBitX.
KuBitX:
KuBitX shoulders the responsibility to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem. KuBitX aims to leverage the emerging technology to move forward in the vision and mission that they have. KuBitX has been developed not just as a trade engine but an engine for growth and development of the emerging markets assisting in financial inclusion, financial education and Blockchain adoption by the people. The KuBitX Exchange is designed to operate at low latency, high throughput, and maximum uptime. By incorporating geo-replication in its architecture, the exchange is built to be fault tolerant, ensuring that the platform delivers a seamless and uninterrupted trading experience to its users.
Why KuBitX?
They plan to involve market makers to build sustainable volume on the exchange, reducing cost of transactions and simplifying the complete process.
Also, to avoid wash trading, they have Anti Market Manipulation (AMM) tool on the platform. Market surveillance, supervision and compliance are being looked into very carefully. The admin can choose to freeze an account associated with suspicious trading.
KuBitX takes the security of the whole platform very seriously. Hereby, they not only are developing our own exchange system secure but also plan to make users aware of various frauds and hacks going on in the market.
KuBitX has designed a customizable security architecture to ensure encryption keys are stored very well.
KuBitX will educate people how to take advantage of Blockchain philosophy thus enhancing financial inclusion.
KuBitX with extensive strategic partnerships with the private and public sector, have designed an institutional investment plugin on the KuBitX engine to enable a higher volume of crypto trading and traditional capital trading functionalities.
ABOUT TEAM
KuBitX comprises of a bunch of talented and experienced professionals having worked
in Fortune 500 and the “Big Four” consultancy firms in the past. Having gained substantial
insights and expertise in our respective domains, it was natural for us to work in the
development of the emerging markets from where we actually belong. The team has
this innate quality of not only motivating each other constantly but to complement each
other’s work. The go-getter attitude of the team has thus led to overcome all the obstacles
that we have faced till date.
We at KuBitX are driven and committed to our cause of bringing to fruition, the next
breakthrough in the world of crypto trading. Meet our team members:
About Advisors:
KuBitX - ROADMAP
--Q4 2017
. Project Initiation
. Project feasibility study
. Benchmarking
--Q1-Q2 2018
. Project Engagement
.Team Structuring
.Legal processes for incorporation in Malta
. Whitepaper creation first draft (Business)
.Angel/Seed Contribution Engagements
--Q3 2018
. Project Execution
. Launch KuBitX Channels Ambassadors (Flagship countries)
. Prototype
. Start Private Round of TGE
. Exchange Soft Launch
--Q3-Q4 2018
. Project Execution (Contd.)
. Phase 1: Financial Services integration with KuBitX
. End Private Round
. Exchange Go-Live
. Public Round of TGE
.Global Promotions
--Q1-Q4 2019/2020
. Project Add-ons
. KuBitChain
. Phase 2: Financial Services integration with KuBitX
. Continuous Improvement (Operations, Product Enhancements and Community
Feedback for Improvement)
ABOUT TOKEN
KuBitX will issue a fixed supply of 500,000,000 KuBitcoin (KBX) tokens which are based
on the ERC-20 standard. The reasons for choosing ERC-20 tokens are the present familiarity
of the market with this standard plus the stability of Ethereum Blockchain.
Token Name Kubitcoin (KBX)
Token Type :ERC-20
Total Supply :500,000,000
Price 1 ETH = 8,909.09 KuBitcoin(KBX)
Currencies Accepted :ETH
Soft Cap :10,000 ETH
Hard Cap :25,000 ETH
Private Round Bonus :20%
Public Round Bonus: 10%
Unsold Tokens :All Burned
TOKEN ALLOCATION AND FUNDS DISTRIBUTION
TOKEN ALLOCATION
2% BOUNTY & AIRDROP
3% BOARD ADVISORS
16% PUBLIC ROUND
20% KUBITX INVESTMENT FUND
23% FOUNDERS & DEVELOPMENT TEAM
36% PRE-PUBLIC ROUND
FUNDS DISTRIBUTION
5% PARTNERSHIPS
7.5% LEGAL
12.5% OPERATIONS
15% TECHNOLOGY
15% PROMOTION/MARKETING
15% RESERVES
30% LIQUIDITY
Conlusion:
KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed to embrace the idea of “Simplicity” and “Accessibility,” empowering and educating people from all walks of life to embrace the technological revolution of Blockchain and invest in cryptocurrencies. Contained within the KuBitX ecosystem are the KuBitX Trade engines, the secure KuBitX wallets and an advanced Admin dashboard for regulating the activities within the Trade Exchange. By targeting the untapped, high potential demographics for their inclusion in the Cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers. We aim to achieve this by developing a robust trade engine, providing regular banking services through our Financial Service Providers and initiating an Ambassador program to spread awareness and adoption.
The KuBitX team is composed of an extremely talented and experienced bunch of professionals with significant work experience from Fortune 500 companies and “Big Four” consultancy firms that have identified “Inclusion" and “Adoption” as the major pillars of growth for any Cryptocurrency marketplace. As a result of many brainstorming and ideating sessions, the team was able to come up with unique ideas such as an inbuilt Financial Services feature in addition to making the coin listing process convenient in terms of time and cost.
To create a harmonious ecosystem within the exchange, the KuBitcoin (KBX) token will be used for fee payments within the exchange operation and will be also be integrated into the banking processes integrated with the exchange to enable users to get fiat services in a short span of time.
The user-friendly outlook of the exchange will also allow it to promote adoption. Simplifying the process of remittance also provides us with the potential to target a good user base and thus helping in increasing the liquidity of the exchange.
The KuBitX ecosystem is effectively going to be one of the most comprehensive and compliant solutions for traders, partnering with the best trade engine experts having a broad industry experience. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants by fostering greater market liquidity and thereby contributing to its overall growth.
More information:
Web: http://www.kubitx.io/
ANN bitcointalk :https://bitcointalk.org/index.php?topic=4628365
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https://www.facebook.com/kubitx/
Telegram: https://t.me/kubitx_official
Reddit: https://www.reddit.com/r/KubitX/
Author by: thomas_sugiarto
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