KuBitx An Engine for Growth and Development of Emerging Markets.
Hello friends and lovers of the interchange
Prior to the launch of Bitcoin, there were already some digital cash technologies with centralized issuer based on the ecash protocols of David Chaum2 and Stefan Brands. Adam Back had developed hashcash, a working test system for spam control. The first proposals for the creation of digital scarcity based on cryptomes appeared with Wei Dai3's b-money and Nick Szabo's gold bit, Hal Finney developed reusable working tests (RPOW) using hashcash as the working test algorithm. The bit gold proposal defined a market-based inflation control mechanism. Nick Szabo, in turn, also researched other areas to achieve that goal, such as a Byzantine fault-tolerant asset register for storing and transferring work-test daisy-chained solutions.
KuBitx was developed not only as a trading tool, but also as an engine for growth and development in emerging markets, the project aims to promote financial literacy and people's adoption of Blockchain. The team strives to provide access to financial services to a large part of the African population, thus contributing to the overall economic growth of the continent, which will improve the quality of life of people in Africa.
Benefits
High Scalability
Our platform is highly scalable, ready to accept new features to enhance our users' business experience.
Insurance
We have conducted a comprehensive benchmarking exercise with the current platforms, which allowed us to take some steps forward, and our security team comes from the major organizations.
Blockchain
Our token is initially based on the Ethereum block chain. We plan to launch our own chain in the near future, which will then be very useful for many cases, such as the most common social, utility, administrative and governance problems in developing countries.
Ecosystem
As strong believers in peer-paying ecosystems, we believe that traditional financial systems will eventually be replaced in part because of continued broken trust, censorship and growing public enlightenment.
Low Fees
Our rates are the lowest, even the lowest when you choose to use our native KBX token for fee payment. The trading fee on the KuBitX exchange is 0.05%, however, users who choose to use KuBitcoin tokens (KBX) as their method of payment for the merchant commission will receive a 25% discount compared to the original merchant fees.
Negotiating commission = 0.05% -Negotiating commission = 0.05%.
- Trading commission with Token KBX = 0.0375%
Minimized Risk
Our secure storage and multi-signature wallet strategy will minimize the exposure of our operator's funds. We have combined several strategies to secure the funds traded on our platform.
Problems
One of the flaws that is worrying investors is that they allow the "whales" to manipulate prices in some currencies, which leads to many losses to all those investors, also some stock exchanges suffer serious liquidity problems, some charge high expensive trade commissions.
Switching from kryptonite to fiat currency puts currency holders at the mercy of market volatility, which can often lead to people losing money as a result of delayed processing by both the stock market and banks.
Traders often complain about the poor user experience as a result of the lack of response from the customer support provided by many exchanges.
Hackers often take advantage of the cryptocurrency space and try to use the vulnerabilities of exchanges to their advantage. The cyber-attacks that have taken place in the past in many pockets have resulted in losses in the order of billions of dollars.
In the absence of education and knowledge about Blockchain and cryptocurrency space, people are reluctant to be part of the cryptocurrency ecosystem, which has led to the market being dominated by a select group of traders who are able to manipulate the market at will. These changes and volatility further reduce the adoption rate of cryptocurrency trading.
Solutions
Deposit and withdrawal of Fiat: although cryptomonedas are emerging as a means of exchange and deposit of value, fiduciary currencies still have a large part of the domination as a means of exchange. Therefore, KuBitX with extended partnerships with payment service providers will assist users in fixed deposits and withdrawals.
Customer service: KuBitX is being created keeping the community and users at the center. Therefore, kubitx aims to provide 24-hour online customer service to consistently serve its users. A customer support center that will be set up using the Global Channel Team to support your personalized customer engagement. KuBitX also plans a considerable amount of its funding allocation to strengthen its customer service.
Processing speeds: The above exchanges have an average processing speed of 1.4 million transactions per second. KuBitX will start with transaction speeds of over 12 million (millions) per second with the goal of upgrading to even higher transactions per second. This would be achieved through the use of Golang with advanced architectural design
Ease of use: not only is kubitx working hard to develop an easy-to-use web interface for kubitx users, the kubitx training platform will offer seamless user integration with the overall framework of the exchange and its functionality. Training will consist of Beginner, Intermediate and Professional levels to allow a large number of users to participate.
The KuBitX ecosystem will, in fact, be one of the most complete and compliant solutions for operators, partnering with the best trade engine experts with extensive experience in the industry. The kubitx platform will redefine how exchanges work and attract more operators through various product offerings. Kubitx will expand the pool of participants by promoting greater liquidity in the market and thus contributing to its overall growth.
Objective
Our goal is to provide a unique platform for our users. Many countries and citizens have fallen behind in this new revolution called blockchain. We will connect those points and provide excellent service using best practices from the best global organizations.
Route Map
Q4 2017
Initiation of the project:
Feasibility study of the project;
Benchmarking.
Q1-Q2 2018
Commitment to the project:
We build our team;
Legal process for the incorporation of companies in Malta;
First draft of white paper creation (Business);
Angel/Seed's Commitments to Investors;
Creation of Token;
Building communities.
Q3 2018
Project Execution:
Design and development of platforms;
The White Paper updates the second draft (Technical Complement);
Complete technical designs with Partners;
Launch of KuBitX Channel Ambassadors (flagship countries);
Complete prototype;
End of investments in seeds;
Start the Private Round;
Establishment of the operations team;
Exchange Testing and Launch of Soft Launch.
Q3-Q4 2018
Project Execution (Cont.):
End of the Private Round;
Exchange Go-Live;
Token Generation Event (TGE);
Global Promotions (Hackatones, Launch of Block Chain Incubators in 5 emblematic countries);
Reward programs;
Complete operations begin.
Q1-Q4 2019/2020
Project complements:
KuBitChain- KuBitX Exchange now in the KuBitX block chain;
Phase 1: Integration of the Financial Services Platform with KuBitX;
Platform redesign;
Continuous Improvement.
Token
KBX token
Price PreICO1 KBX = 0.00011 ETH
Price1 KBX = 0.00011 ETH
Available Bonus
MVP/PrototypeAvailable
PlatformEthereum
AcceptingETH
Minimum investment0,25 ETH
Soft cap10,000 ETH
Hard cap25,000 ETH
Country Malta
Whitelist/KYCKYC and Whitelist
Restricted areas USA, China
Team
Important Links
Author
User: criptosistemas
Profile: bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1425520
Wallet: 0x10aF61e98fB8264d9dc653a32D60319591B303bf
E-mail: [email protected]
Telegram: criptosistemas
KuBitX is one of the most advanced and robust kryptonite trading platforms, designed in an easy-to-use way so that people from all regions and backgrounds have a bastion of ideas revolving around the Blockchain and the kryptonite space.
Nice seems great project !!
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