KuBitX - Exchange Blockchained
Ever since the Blockchain was introduced with the introduction of Cryptocurrencies such as Bitcoin, it has gone on to power various different and varied projects. It is also being used actively in various different fields and many are converting to the Blockchain platform.
This shows the prowess and the flexibility of Blockchain. It also brings about a lot of advancements over the platforms that we currently use. The concept of Blockchain is too simple that it's a wonder that we've not come up with this much earlier. It involves, just as the name suggests, storing all the details of the transactions and operations performed by everyone on the network on blocks, with each new operation and transaction linked to the previous one, forming a kind of chain. So, the name Blockchain was coined to it.
This makes it a lot more secure, owing to the fact that the user can use it if and only if all the users of the network have the whole updated Blockchain with them, or that is how Bitcoin, the first cryptocurrency that was powered using it, worked. It was also transparent owing to the fact that anyone with the authorisation could view the details of transactions or operations that are stored on the Blockchain.
It is also decentralised due to the fact that it requires users to work and perform tasks that usually required a middleman in the traditional space. This means that the power of say and authority does not lie in the hands of group of entities, individuals or companies. Instead, it lies in the hands of the users.
All this changes the way we look at the workings of the things that we take for granted in the world. It also changes the way we look at the way businesses, industries and companies are formed and function.
With this sudden increase in the use and implementation of Blockchain, everyone is now a lot more aware of this and would like to get a piece of action. They are jumping aboard the cryptocurrency space, hoping to gain huge profits and this has been the trending subject of sorts for the past couple of years.
This is powered by the Exchanges that were either previously established or were established during the cryptocurrency boom. They are all centrally owned by either companies or corporations that are backing them. This means that they have the power of say in the way that anything occurs over the Exchange. It also means anything could happen behind the scenes and there is no guarantee that your assets that are stored on it will be secure.
KuBitX Platform
They plan on solving the above mentioned problems by creating a new Cryptocurrency and Fiat Exchange Platform based on Blockchain. This solves most of the above mentioned problems. Since, the Exchange Platform is based on Blockchain, it brings along all the best features and advancements that it offers over current methodologies.
It means that this platform is decentralised, with the power of say lying in the hands of the users and not in the hands of the corporations or individuals that own it. It also means that your assets on the site are more secure. It is also transparent and much more flexible than current exchanges.
ICO & Team
They plan on powering their platform by introducing the KuBitX (KBX) Token which is based on Ethereum's ERC-20 Token standards. Their Private Sale is currently in progress and they plan on holding their ICO Pre-Sale on 16 July. It requires for you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO.
The Founders and rest of the team has adequate experience in Software Development, Accounting, Blockchain, HR, Marketing, Community Management and Design respectively. Most of the Core Team members have previous working experience at Google, Huawei, Dell and Amazon Web Services respectively. The advisory board consists of renowned and experienced Analysts, Advisors, Investors, Entrepreneurs who also bring along their expertise in fields of Cryptocurrency Industry, Trading, Marketing, Legal, Business Development, Blockchain, Investments and Finance.
Conclusion
They have are doing something that should've been the first that should be powered by the very thing that it promotes, Blockchain. They have a really strong and capable team with great advisory board backing them up. The fact that they all have previous working experience at large scale reputed companies lend it a much higher credibility.
They plan on launching their Platform before the Token Sale end and that shows that they are totally committed to it. Though they face a lot of competition from existing players, they can surely make an impact if they deliver on their promises and stick to their plans.
Website - http://www.kubitx.io/
Whitepaper - https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Telegram - https://t.me/kubitx_official
ANN - https://bitcointalk.org/index.php?topic=4628365.0
Published by - smithjones
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1936039