KUBITX: Token Generation Event (T.G.E), Allocation and Distribution.

carliyke (49)in #ico • 6 years ago

KUBITX Token Metrics
As an all-round digital asset trading exchange platform, the Kubitx Platform is designed with its main focus being to delve into the emerging and under-explored cryptocurrency market sphere taking into detailed consideration the negligence of developing countries in this race for technological and financial dominance at heart, And as such a group of blockchain enthusiasts and professionals in both marketing and consultancy industry as well as cyber-security experts came together with a unified vision to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem, highlighting the pertinence of mainstream adoption and inclusion as the growth benchmark of any cryptocurrency platform whatsoever.

TOKENOMICS
The Kubitx Team has scheduled to run it's token generation events in three phases; The Seed Round, The Pre-Public Round and The Public Round, with a total fixed supply of 500,000,000 Kubitcoin (Kbx) Ethereum-Request for Comment (ERC-20) compatible tokens. The first phase of this token generation event which is the Seed Round is already in full completion stage, The Pre-public Round which was scheduled to span through a month (from 16 July - 31 August, 2018) was concluded a few months back. However the Public round is on-going as it spans through the 20th of November down to the 19th of December, 2018, selling at just $0.034 USD with a minimum entry buy of 0.25 ETH (approximately $53 USD) once purchased at the rate the investor automatically becomes eligible to a 10% bonus . Notwithstanding the tokens are already available for trading on exchanges.

TOKEN ALLOCATION AND DISTRIBUTION
Token allocation and distribution stands to play a major role in any cryptocurrency start-up as a wrong toekn allocation and distribution mechanism could become detrimental to the project's long term existence. Hence the Kubitx team has decided to allocate 2% of the total tokens to bounty and airdrop, 3% to it's board advisors, 16% for it's public/ crowd sale and 36% alloted for the pre-public round, 20% of the token would be reserved as the project's investment fund for future platform developments, 23% would be alloted to it's team as 15% of the Team's alloted toens would be released after three months from the end of public round of the T.G.E, locking 85% for a period of 2 years and strategically releasing and distributing these tokens within the span of the next 2 years afterwards.

In addition 5% of this token generated would be distributed in accordance to the various stakeholders involved with this promising projects in the under-listed format;

5% --------------------------- The Project Partners
7.5% ------------------------- Legal Advisors
15% -------------------------- Operations and Logistics
37.5% ----------------------- R & D
15% ------------------------- Promotions & Marketing
20% ------------------------- Liquidity

THE ROADMAP
The project initiation and development officially kick-started within the last quarter of 2017, during which the project's feasibility study as well ad benchmarking with other projects began. Withing the first and second quarter of 2018 further administrative measures where set in place that witnessed the project engagement, team structuring as well as legal procedures in order to be inducted into Malta. Also the project's whitepaper was drafted during this period with the Angel/Seed contribution engagements. By the third quarter of 2018 the project has already being initiated in full force whence the project's Ambassadors channels were launched in various flagship countries, development of a working prototype and the commencement of the Pre-Public token generation event as well ad the launch of the alpha version of the exchange. In furtherance Financial services integration into the platform was included, the pre-public sale round eventually came to an end paving way for the public round to take hold and also the exchange fully went live along with massive promotions. These occurences all took place within the last quarter of 2018 and by 2019 through 2020 the platform is proposed to experience significant improvements in terms of feature Add-ons, a second phase of the the financial services integration with the platform as well as an overall continuous improvements in the aspects of operations, product enhancements, community feedbacks for further improvements and the development of the KuBitChain.