KubitX – FIRST TRULY GLOBAL EXCHANGE
Good day! You are tired of reading incomprehensible documents that offer you various incomprehensible services. Then you are at the address. I will bring to your attention an easy-to-use project that will help make your dreams come true. Let’s see what the essence is.
What is KubitX?
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.
KuBitX VISION AND MISSION
The ideation process behind KuBitX was undertaken keeping in mind the broader vision to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem. The technological development that has taken shape since the dawn of the Internet era has been top-down, i.e., from the developed nations towards the developing nations. This has created a gap in the overall development process thus compelling people from the emerging markets following the trail of development rather than being active contributors in shaping the process. KuBitX aims to leverage the emerging technology to move forward in the vision and mission that we have.
The broader areas upon which the vision of KuBitX has a focus upon are:
1. Education about Blockchain technology enhancing adoption by masses – KuBitX
has come up with a unique initiative called Global Channel Ambassadors to enter,
understand and capture local emerging markets. We aim to tackle the socioeconomic
hindrances to adoption. The KuBitX Global Ambassador Initiative will reach the grassroots to drive local adoption.
2. Liquidity improvement – Liquidity is one of the most important pillars of any exchange that exists. Many exchanges today suffer from a liquidity crunch leaving
users stranded with their currencies. To tackle this, we plan to involve market makers to build sustainable volume on the exchange, reducing cost of transactions and simplifying the complete process. To avoid wash trading, we 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.
3. Robust Security – Security is one of the most crucial pillars surrounding a cryptocurrency exchange. We at KuBitX do take the security of the whole platform very seriously. Hereby, we 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. Following are the security measures taken by the team:
- We are storing the password hashes and not the original passwords in our servers.
- All user data is encrypted using the AES-256 before being inserted into the database.
- KuBitX has designed a customized security architecture to ensure encryption
keys are stored very well.
- Secure offline multi-signature cold wallets/vault system.
- Our system is fully GDPR compliant.
- KuBitX has developed a third-party code verification and penetration testing
4. Financial Inclusion – The emerging markets today especially in Africa and Asia
suffer from a large chunk of their population being out of reach of the traditional
banking system. Banks become controllers but here the person becomes the controller because P2P transactions are possible through their phones. The philosophy of the Blockchain era is excluding the third party and use P2P transactions. Africa has large amount of unbanked people hence KuBitX will educate
people how to take advantage of Blockchain philosophy thus enhancing financial
5. Economic development of the emerging markets – On a macro level, the emerging
markets like Africa experience from low GDP rates, high inflation and generally poor economic growth. 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. For instance, Zimbabwe uses a legal tender which is not native to their country thereby creating a negative impact on all aspects of their economy. KuBitX will be creating opportunities for a digital economy thereby allowing each nation to run its own economy and giving it an opportunity to play in the global market.
Our vision is one of collective growth for all market participants, both our customers and the KuBitX ecosystem, thereby contributing our share to the growth of the market itself.
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
Pre-Public Round Bonus – 20%
Public Round Bonus – 10%
Unsold Tokens – All Burned
TOKEN ALLOCATION AND FUNDS DISTRIBUTION
- 2%BOUNTY & AIRDROP
- 3%BOARD ADVISORS
- 16%PUBLIC ROUND
- 20%KUBITX INVESTMENT FUND
- 23%FOUNDERS & CORE TEAM
- 36%PRE-PUBLIC ROUND
- 37.5%R & D
- PROJECT INITIATION
- PROJECT FEASIBILITY STUDY
- PROJECT ENGAGEMENT
- TEAM STRUCTURING
- LEGAL PROCESS FOR INCORPORATION IN MALTA
- WHITEPAPER CREATION (FIRST DRAFT: BUSINESS)
- ANGEL/SEED INVESTOR ENGAGEMENTS
- PROJECT EXECUTION
- LAUNCH OF KUBITX CHANNELS AMBASSADORS (FLAGSHIP COUNTRIES)
- START OF PRE-PUBLIC ROUND OF TGE
- EXCHANGE SOFT (BETA) LAUNCH
- PROJECT EXECUTION (CONTD.)
- PHASE 1: FINANCIAL SERVICES INTEGRATION WITH KUBITX
- END OF PRE-PUBLIC ROUND
- EXCHANGE GO-LIVE
- PUBLIC ROUND OF TGE
- GLOBAL PROMOTIONS
- PROJECT ADD-ONS
- KUBITCHAIN – KUBITX EXCHANGE NOW ON KUBITX BLOCKCHAIN
- PLATFORM REDESIGN
- CONTINUOUS IMPROVEMENT
Kubitx is a global company with a special focus on education, adoption of cryptocurrency and blockchain technology in emerging markets with the flagship continent being Africa. JOIN!
ANN thread: https://bitcointalk.org/index.php?topic=4628365
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