KuBitX: THE NEW ERA OF CRYPTOCURRENCY MARKET

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Today cryptocurrencies have become a global phenomenon known to most people. No doubt it has helped bridge the gap and helped played a vital role in the financial inclusion of people who are still unbanked. While still somehow geeky and not understood by most people,, banks, governments and many companies are aware of its importance. In the world today, more than 1,000 cryptocurrency has emerged. Exchanges are still staying stills, with no expansions and developments in cryptocurrency exchange world. There are various problems posed in the digital currency world today which kuBitX has taken upon her to solve giving everyone trading in the system safe and happy. These problems include lack of a mature ecosystem whereby trades on exchange systems in the prices of certain currencies are often manipulated which is of no interest to other traders. Lack of customer support is also a problem whereby proper managements and resolving of queries, answering of questions, good user experience, responsive customer support and enquiries are lacking in most platforms, these leads to discouragements within buyers and exchangers. While that can be said to be a problem, the issue of security cannot be left out as it’s a big problem today in the world of cryptocurrencies, whereby hackers has bombarded. Many exchanges in the past have suffered a cyber attack which has led to losses. People are reluctant to be part of the cryptocurrency world which has led to market being dominated by a select group of traders who are able to manipulate the market at will due to lack of education and knowledge. The difficulty in dealing with fiant currencies as a problem cannot be left unsaid as it often leads people to lose money due to delayed processing either by the exchange or the banks, this happens when liquidity in fiant currencies against crypto assets is a hassle, leaving currency holders at the mercy of market volatility. However, most of the problems can be solved or worked out, and with the introduction of kuBitX it’s certainly a step in the right direction.

KuBitX is 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. It was only natural for the team to work in the development of the emerging markets from where it actually belongs motivated by the idea of providing progressive and sustainable solutions to problems encountered in the public through diligent work. its one of the most advanced and robust cryptocurrency trading platforms designed in a very user-friendly manner to enable people from all regions and backgrounds get a stronghold of the ideas revolving around the blockchain and cryptocurrency space with a secured wallets and an advanced admin dashboard for regulating the activities within the trade exchange creating a suitable market for buyers and sellers by targeting even the remotest people for their inclusion in the cryptocurrency market. It also provides awareness and education to drive more literacy levels in emerging markets with on the ground seminars and workshops with language diversification and speed in transactions eliminating the slow means of transfer. The goal is to enable the seemingly ordinary or day to day people and businesses from small to large to use the features of KuBitX for exchanging money from fiat into crypto or to make cheaper international payments

 

UNIQUE VISIONS OF KuBitX
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• The vision of KuBitX is one of collective growth for all market participants, both our customers and the KubitX ecosystem, thereby contributing her share to the growth of the market itself.
• KuBitX with its unique initiative called Global Channel Ambassadors to encounter, understand and capture local emerging markets aims to tackle the socio-economic hindrances to adoption which will help reach the grassroots to drive local adoption. Aimed to educate and enhance masses about blockchain technology.
• To provide a robust security which KuBitX takes very seriously so as to make users aware of various frauds and hacks going on in the market and the measures which are already taken to prevent such attacks.
• To build sustainable volume on the exchanges by involving market markers reducing costs of transactions and simplifying the complete process. To avoid wash trading by creating an Anti Market Manipulation (AMM) tool on the platform with market surveillance, supervision and compliance being looked into carefully
• To create opportunities for digital economy thereby allowing each nation to run its economy, giving opportunity to play in the global market and design an institutional investment plug-in on KuBitX engine to enable a higher volume of crypto trading and traditional capital trading functionalities
• Giving the people and masses to financial wealth acquisition by educating people how to take advantage of blockchain philosophy thus enhancing financial inclusion. This will help the disposition of banks from being the controllers to the imposition of people where one can be able to control the market because P2P transactions are possible through their phones.

 

PARTNERS OF KuBitX
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UNIQUE BENEFITS OF KuBitX
• High scalability which is ready to accept new features to improve users trading experiences
• It has an extensive bench making security platforms, always taking few steps ahead
• A strong ecosystem which encourages peer-to-peer payment so as to solidify trust which the traditional financial system has broken
• Our multi-signature wallet and cold storage strategy will minimize the exposure of our traders funds combining various strategies to secure the funds traded on our platforms.
• With low fees, one can be able to transact with others. It’s lower when user choose to use KBX native token for fees payment. Trading fee on KuBitX exchange is 0.05%, however, the users opting to use KuBitcoin (KBX) tokens as a method of payment of trading fee will get a discount of 25% compared to the original trading charges.

 

TOKEN DETAILS OF KuBitX
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: 5000, 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 DISTRIBUTION OF KuBitX
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Public sale: 16%
Fiunders and development team: 23%
Advisors/partners: 3%
Bounty: 2%
Private sale: 36%
kuBitX investment: 20%

15% of team tokens will be released after three months from the end of public round of
TGE, 85% of team tokens will be locked for 2 years after which there will be gradual re-lease of the tokens over a period of another 2 years.

 

TOKEN ALLOCATION OF KuBitX
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Technology: 15%
Promotion: 15%
Reserves: 15%
Operations: 12.5%
Legal: 7.5%
Partnerships: 5%
Liquidity: 30%

 

KuBitX ROADMAP
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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 Pre- Public Round of TGE
• • Exchange Soft Launch

Q3-Q4 2018
• • Project Execution (Contd.)
• • Phase 1: Financial Services integration with KuBitX
• • End Pre- Public 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

 

KuBitX TEAM MEMBERS
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Eric Annan: Co-Founder & CEO
Peihan You: Chief Strategy Officer
Victor Akoma-Philips: Co-Founder, Chief Operating Officer
Juliana Mwangi: Chief Financial Officer
Amadeu Alexandre Filipe: Co-Founder, Lead IT Operations
Victor Olorunfemi: Lead Product and Trade Development, Trade Support
Subramanian Venkatesan: Lead, DApp, Smart Contract Developer
Ayokunle Ajayi : Lead, Exchange and Cyber Security
Ebuka Ezewuzie: Lead Front End/UI/X Development, System Engineering
Obi Ezenwugo: Lead, Community Management
Binod Nirvan: Chief Token Strategist and Smart Contract professional
Shireen Ramjoo: Chief Marketing Officer
Charles Meruwoma: Lead Infrastructure and Capacity management
Friday Enemali: Lead, Investor Relations, Global Channel Ambassador
Zulekha Cara: Lead, Global Channel Initiatives

KuBitX is a secured platform offering financial services which includes funds transfer(wire and peer-to-peer), payment processing, merchant servicing, Remittances, Bill payment, Trade financing, track and spend digital currencies in a single account, connecting ones account with any existing digital currency trading platform. Users have the ability to link their cryptocurrency trading accounts directly with their financial services account which creates a comprehensive account equipped to interact seamlessly with the emerging digital currency economy. Also is the availability given to merchant processing allowing them to convert digital and fiat currencies into payments form they desire. KuBitX is a must have for everyone who seeks wealth in the crypto world today. Its benefits can’t be measured and its compared to known. To be part of this awesome platform, for more enquiries and information, please visit us in the links below. Lets enjoy an easy life together.

Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Website: http://www.kubitx.io/
Facebook: https://www.facebook.com/kubitx/
Twitter: https://twitter.com/kubitx
Reddit: https://www.reddit.com/r/KubitX/
Medium: https://www.facebook.com/kubitx/
Telegram: https://t.me/kubitx_official

 

Written by: Ogtejiri
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1790132
Wallet address: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6

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