KuBitX - Exchange Features & Architecture
Introduction:
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.
Exchange Features and Architecture:
Architecture
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. Below is a high-level abstraction of the exchange architecture showing how the different systems within the exchange are connected logically
Benefits of buying Tokens KuBitX:
- 25 % discount on using the KuBitcoin (KBX) token — KuBitcoin (KBX) tokens
have the utility of acting as a method of payment for the trading fee. Plus, the users
opting to use KuBitcoin (KBX) tokens as a method of payment of the trading
fee will get a discount of 25% compared to the original trading charges.
If the trade receivable is NEO, we will calculate it by the exchange ratio of NEO
to KBX at the market price, which is based on the market price of NEO / BTC and
KBX / BTC. Exchange ratio of NEO/KBX = NEO/BTC [market price] / (KBX/BTC
[market price]). KuBitX update cycle for the market price is 1 second
Suppose user needs to buy 1 Bitcoin
Quantity 1
Spot rate $10,000
Actual Trading fee $5(0.05%)
Discounted Trading fee $3.75(0.0375%) - Payment processing fee — KuBitX will offer direct withdrawal to the bank account
of a user requesting liquidity in fiat by enabling them to exchange KuBitcoin
(KBX) tokens for Fiat on the levy of a Payment Processing fee of 2.5%
Features:
ADVANCED APIS AND FINANCIAL INTEGRATION
KuBitX’s advanced APIs promise to give the users a hassle-free trading experience. It will allow them to get connected to FIX, Rest, Binary, WebSocket, and third-party custom APIs. This architectural design will also enable integration with banking, payment gateways, and settlement
EFFICIENCY AND PERFORMANCE
KuBitX’s market exchange trading platform is a proven fast, high-volume and low-latency exchange engine. This exchange platform will be hosted on high availability IT infrastructure, thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime. In order to provide a fault-tolerant architecture, a standby instance setup has been planned with active data replication.
SECURITY MEASURES
KuBitX has identified and reviewed the industry best practices in terms of security measures and designed our platform to include top-level security features to safeguard both the client’s funds and trading operations from hostile penetration attempts.
MONITORING AND CONTROL
Processes play a major role in delivering business values. KuBitX will ensure highest level uptime and availability of IT infrastructure by applying IT-industry’s best processes
KuBitX Token Distribution:
KuBitX Funds Aloction:
Roadmap:
Team:
TEAM:
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
Grant Gulovsen
Legal Advisor, Americas
Richard Gardner
Trade and Exchange Advisor. CEO Modulus Global
Domenic Thomas
CEO, FSP Division
Dr. Jonathan De Giovanni
Legal Advisor, Malta
Leo Fiadzinu
Blockchain & Trade Advisor
Dr. Raj Ravindran
Capital Markets and Financial Advisor
Jack Zhou
Online Engagement Advisor
Ugo Nduaguba
TGE Advisor
Alakanani Itireleng
Blockchain Awareness Advisor
For more information please visit Project by this links :
WEB: http://www.kubitx.io/
TWITTER: https://twitter.com/kubitx
FACEBOOK: https://web.facebook.com/kubitx/?_rdc=1&_rdr
TELEGRAM: https://t.me/kubitx_official
WHITEPAPER: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Created by:
Username bitcointalk : totoprayogo
Link profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1736270
Ethereum Wallet Address : 0xbbaf4608d26483e6457b245a860db590340f89a2