KUBITX PROJECT REVIEW

Greetings to my followers, as you are all aware, I’m interested in adoption of BLOCKCHAIN technology and digital-currency with very good potentials, and during this new article, I would like to speak about the KUBITX projects. As a number of you've known, investing in any digital-currency project required solid background check to see the potential, quality of the project, the team behind the project, the important use of the project and its applications within the real crypto-currency world. I’m positive you must have heard a lot about DECENTRALIZATION, BLOCKCHAIN, CRYPTO-CURRENCIES, ETHEREUM, BITCOIN, ICOs…but KUBITX is exclusive and outstanding among all.
If we observed very well how society has evolved, from local societies we have moved to an entirely different society due to the introduction of Blockchain technology and the internet.
KUBITX project details and many more is what I will be discussing below. Take some time and skim all the lines while not missing any single one and discovered the distinctiveness of this great platform.

KUBITX is one of the most advanced and robust crypto-currency 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 crypto-currencies. 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 Crypto-currency market, KUBITX goal is to become one of the most diverse crypto-currency marketplaces for buyers and sellers. KUBITX aim to achieve this by developing a robust trade engine, providing regular banking services through the Financial Service Providers and initiating an Ambassador program to spread awareness and adoption.

Some of the challenges that led KUBITX to launching of new exchange includes

1. Lack of a mature ecosystem - lack of regulations on the way trades operate on the exchange often allows “whales” to manipulate the prices of certain currencies which is against the interests of other traders. Despite the crypto-currency space growing rapidly and currently having a market cap of about $300 billion the trading ecosystem is still premature. There are several exchanges which suffer from serious liquidity concerns and many charge high trade fees which are very expensive to many people around the globe.

2. Friction in dealing with fiat currencies – Often getting liquidity in fiat currencies against crypto assets is a hassle and leaves currency holders at the mercy of market volatility which often can lead to people losing out on money due to delayed processing either by the exchange or the banks.

3. Lack of good customer support –Traders often complain of bad user experience due to the non-responsive customer support provided by many exchanges. Often it is either the lack of management staff to handle the requests or a lack of will which leads to a poor customer support. KUBITX identified that most of the ex-changes do not spend enough on customer support.

4. Security issues – the crypto-currency space is often being bombarded by hackers who try to use the vulnerabilities present in the exchanges to their benefit. Many exchanges in the past have suffered cyber-attacks which have led to losses in the order of billions of dollars. Often, not following the industry standards and neglecting the basic rules of cyber security allow for such attacks to happen. Thus, exchanges do have a huge responsibility on their shoulders to protect the hard earned money of their customers.

5. Lack of awareness and education among the masses leading to a low adoption rate – Due to a lack of education and knowledge about the Blockchain and crypto-currency space, people are reluctant to be a part of the crypto-currency ecosystem which has led to the market being dominated by a select group of traders who are able to manipulate the market at will. This fluctuation and volatility further lowers the rate of adoption of crypto-currency trading.

KUBITX has considered making an amendment to the previous exchanges by considering the following features below

• Processing Speeds – The previous exchanges have a low processing speed of 1.4m transactions per second. KUBITX will start with transaction speeds of 12M + (million) per second with an aim to upgrade to even higher transactions per second milestones. This would be achieved by using GOLANG with the advanced architectural design.

• Fiat deposit and withdrawal – Though crypto-currencies are emerging as a means of exchange and store of value, fiat currencies still have a large share of domination as a medium of exchange. Thus, KUBITX with extended partnerships with payment services providers will assist users in fiat deposits and withdrawals.

• Customer Support – KUBITX is being built keeping the community and users at the center. Thus, KUBITX aim to offer 24hr online customer support to be at the service of its users consistently. A customer support hub will be set up using the Global Channel Team to support tailored customer engagement. KUBITX also plans a sizeable amount of its fund allocation towards strengthening its customer support

• Ease of use – Not only KUBITX is working hard to develop a user-friendly web inter-face for its users, KUBITX training platform will offer a seamless integration of the user with the overall framework of the exchange and its functionality. The training will consist of Beginner, Intermediate and Professional levels to allow a vast section of users to participate.

• Multi-Lingual – Being global in KUBITX outlook, KUBITX aims to offer its services in 5 different languages to enable a large set of users to get benefits out of its services thus removing the barrier of language which often hinders the integration of people on a web platform.

The use of an AMBASSADOR has been adopted by the KUBITX project to help with the engagement of people in multiple ways, e.g. via information events in cities & large towns. Furthermore, Ambassadors will connect with local influencers and people involved in government and regulation

The Ambassadors will help KUBITX accelerate crossing the chasm in their respective regions, helping KUBITX to be adopted much faster, and thereby reducing the budget for advertising in these regions.

The Ambassadors being incountry will help KUBITX gain a better understanding of how it can drive the adoption of KUBITX and the inherent values it will bring across the Socio-Economic sphere of each country in the emerging countries.

KUBITX 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.

Another features adopted by KUBITX project is the introduction of FINANCIAL SERVICES. KUBITX strategic partnerships with banks and payment providers will help to create a full-service financial institution with crypto-currency integration. This entity will provide all of the traditional banking services and more such as Funds transfer (wire and peer-to-peer), Payment processing, Merchant servicing, Remittances, Bill payment and Trade Financing

TOKEN DETAILS
This is an erc20 token that will be used in the KUBITX platform to make payment for all transaction initiated in the platform, it will as well be used as an incentives for holders and users in the platform

Token Name => KUBITCOIN
Token type => erc20
Token total supply => 500,000,000
Token price => 1 ETH = 8,909.09 KuBitcoin(KBX)
Accepted payment method => ETH
Soft-cap => 10,000 ETH
Hard-cap => 25,000 ETH
Pre-Public Round Bonus => 20%
Public Round Bonus => 10%

Token Distribution

16% Allocated to public sales
23% Allocated to founders and development team
3% Allocated to advisors and partners
20% Allocated to KUBITX investment fund
36% Allocated to private sales
25% Allocated to bounty

Fund Distribution

15% Allocated to technology
15% Allocated to promotion
30% Allocated to liquidity
5% Allocated to partnership
7.5% Allocated to Legal
12.5% Allocated to Operations
15% Allocated to reserve

TEAM

PARTNERS

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
• 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)

USEFUL LINKS
Website => http://www.kubitx.io/

Whitepaper => https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf

Twitter => https://twitter.com/kubitx

Facebook => https://www.facebook.com/kubitx/

Medium => https://www.facebook.com/kubitx/

Telegram => https://t.me/kubitx_official

Reddit => https://www.reddit.com/r/KubitX/

Bitcointalk thread => https://bitcointalk.org/index.php?topic=4632164

Bitcointalk User Profile => https://bitcointalk.org/index.php?action=profile;u=1328480

Bitcointalk Username => Lekatoo

Writer => Lekato