The KuBitX - Review

jakir22 (-1)(1)in #kubitx • 6 years ago

WHO WE ARE

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. 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.

ISSUES REVOLVING AROUND INCLUSION IN THE EMERGING MARKETS

Traditional banks are still struggling to reach the unbanked across Africa. In 2014, a staggering 66% of Sub-Saharan Africans did not have bank accounts. The small size of national markets, a lack of financial literacy, low-income levels, political instability and weak judicial systems have created a constrained African banking system. And banks continue to rely on traditional banking models of branch networks, expensive technology, inadequate systems and a limited talent pool. As per the latest reports issued by the World Bank in August 2017, 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. KuBitX is committed to doing so by having structures in place such as having Country Ambassadors in various African countries who will create awareness as well as educate, they will conduct meet up’s for those activities.

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.

The traditionally unbanked of Africa are devoid of a strong financial footprint but the optimism shown towards cryptocurrency by these people promises a better future financially.

The cryptocurrency market currently has a market capitalization of $342 billion which is expected to rise up to $1 trillion2 by the end of 2018 as per market experts.

This not only shows the overall growth potential that the cryptocurrency market has, but also the role emerging African markets would play in contributing to this growth.

We aim to begin our journey by reaching out to people in the flagship countries of South Africa, Nigeria, Zimbabwe, Kenya, Ghana, Angola and Uganda aiming to reach a market share of 1-10 million users in the first three years of operation.

Achieving such levels of mass adoption, we aim to provide access to financial services to a large section of the African population thus promoting the overall economic growth of the Continent which would thus lead to a better quality of life.

WHAT MAKES US DIFFERENT?

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. We strongly believe that KuBitX has the potential to reach the emerging regions and educate the citizens with little or no access to Blockchain based services and adoption and offer multiple crypto to fiat exchange and paring.

Cryptocurrency is slowly taking over the digital world. With the ever increasing applications, newer technologies and more and more startups wishing to fully make use of the Blockchain network, the worth of digital assets and tokens is slowly increasing both in demand and in value. Exchange platforms are also becoming more of a hit and this signifies the increase of cryptocurrencies’ popularity.

Current exchange platforms are still probably lacking in some aspects, and this is mainly caused by trying to win against the race of who can first create and tell the world of their platform. This creates more loop holes in the overall process making it susceptible to attacks and errors, and such won’t be able to withstand upcoming challenges. Some even remained complicated in nature, making it hard for users to understand the overall process which affects liquidity and transparency of the platform. These are just few of the reasons why an established exchange platform that can offer simplicity and accessibility at its best is what the whole crypto-community needs now.

To attend to such need, the team behind KuBitX is bringing the world a revolutionary exchange platform that was deliberately studied to withstand the test of time and respond to current challenges in existing exchanges to allow its users to experience one real and established exchange platform.

KuBitX is a global exchange platform and is a project resulted from the vigorous study of what current challenges exchange platforms are facing right now. KuBitX aims to provide a combination of simplicity and accessibility to all its users to fully make use of their trading prowess using their trade engine. Their trade engine boasts the capability to process 12 million+ transactions per second at a minimum latency time. This capability will help crypto traders to act fast when doing some exchanges and have more time to focus on what matters most.

The team behind KuBitX is a group of a-line professionals coming from different industries that share the same goal. With significant work experience across different companies such as Dell, Huawei Technologies, PricewaterhouseCoopers (PwC), Google, BP Oil, Amazon Web Services (AWS) and MTN, KuBitX is a project that aims to provide sustainable and progressive solutions to the challenges current exchange platforms are facing right now.
What KuBitX can do

Having been built relationship to various banks and business sectors, KuBitX can provide even more than what traditional banking services could offer.

Users of the KuBitX platform can enjoy seamless fund transfers, payment processing, merchant servicing, remittances, and trading.

KuBitX’s trading platform is directly connected to their financial service providers that will allow users to seamlessly manage their finances and accounts using a single account. And there are many more financial services the KuBitX team will provide in the long run and they are capable of doing so.

Token Sale Details

The KuBitX community will be utilizing the KuBitcoin tokens or KBX tokens for payment processing fees needed in every transaction done within the platform.

You can get yourself whitelisted to be updated with their future features and get yourself updated ahead of others.
Token: KBX
Price: 1 KBX = 0.00011 ETH
Platform: Ethereum
Soft cap: 10,000 ETH
Hard cap: 25,000 ETH
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