KUBITX - Centralized Currency Trading Currency
Recently , we all know that The trading of cryptocurrency is extremely profitable and because of the trending crypto gold fever and also because they take very less time and are very secure but decentralization adds one more perk to it and that is trust. Trustworthy platforms incentivize the people to participate more and more in the crypto trade. But there are three security flaws involved with the current crypto currency framework :
• The user experience and interfaces provided by the existing platform are totally unfriendly and somewhat confusing. This raises the need to have a relook on the implementation strategy by considering feedback from users and the crypto currency platform.
• The customer service they provide is of poor quality, with delayed service and late follow-up.
• The amount of crypto currency currently available in the market is too high for the layman to uniquely understand it and use it as a secondary difficult task.
So, to support the crypto exchanges, a very fascinating platform, KuBitX has been established. The platform situated in Malta aims at building an innovative and decentralized platform for facilitating the crypto exchanges for the settled crypto holders and also the amateur businessmen. The platform is a very easy to use, user-friendly and very secure trading engine platform
About KuBitX.
KuBitX is a digital currency trading centered. Build the most modern exchange engine and strong security level, one of the safest, fastest, and powerful platforms today. The project was conceived and started in Q4 2017 with a team of all round professionals from Dell, Huawei Technologies, PricewaterhouseCoopers (PwC), Google, BP Oil, Amazon Web Services (AWS), MTN etc who have proven track records in their respective fields - a professional team driven by work on the fortune of 500 companies and one of the "big four" consulting companies. Kubitx Excange performs, sets out all the basics and relationships to focus KuBitX's exchange as a vehicle to open adoption and inclusion economies for emerging markets. Moreover, all trading fees will be paid using the KBX token. Kubitx will never charge other crypto currencies unless the user does not have our tokens that will be easily obtained in our exchange.
• SECURED WALLETS : 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.
• FOR BUYERS AND SELLERS : By targeting even the remotest people for their inclusion in the cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers worldwide.
Advantages of the KuBitX platform:
1. High speed : Our platform is very scalable, ready to accept new features to improve the experience of our users.
2. Blocking : Our token is initially based on the Ethereum block chain. We plan to start our own chain in the near future, which then will be very useful for many cases, such as the most common problems of social, communal, administrative and managerial activities in developing countries.
3. Low fees. : Our platform brings competitive flat trading fees, which will even be cheaper and more convenient using our tokens.
4. Safety : We conducted extensive benchmarking with the current platforms, which allowed us to take several steps forward, plus our security team came from the best organizations.
5. Ecosystems : As adherents to the peer to peer payment ecosystem, we believe that the traditional financial system will eventually be replaced in part because of continuously damaged trust, censorship and enlightened society.
6. Risk Minimized : Our multi-signature wallet and cold storage strategy will minimize our trader’s funds exposure. We have combined various strategies to secure funds traded on our platform.
KBX Token
The KBX token will be used to pay trading fees on the KuBitX platform and any further use specified in the KuBitX White Book will be implemented in stages.
• Token Name : Kubitcoin, (KBX).
• Token Type : ERC-20
• Total Supply : 500,000,000
• Price 1 ETH = 8,909.09 KuBitcoin (KBX).
• Currencies Accepted : ETH.
• Soft Cap : 10,000 ETH.
• Hard Cap : 25,000 ETH.
• Private Round Bonus : 20%.
• Public Round Bonus : 10%.
• Unsold Tokens All : Burned.
Distribution of Tokens and Fund Allocations.
Token Allocation :
• Bounty and Airdrop : 2%.
• Board Advisor : 3%.
• General Round : 16%.
• KuBitX Investment Fund : 20%.
• Founder and Developer Team : 23%.
• Pre-Public Round : 36%.
Fund Distribution :
• Partnership : 5%.
• Law : 7.5%.
• Operation : 12.5%.
• Technology : 15%.
• Promotion / Marketing : 15%.
• Reserve : 15%.
• Liquidity : 30%.
ROADMAP
Q4 2017
PROJECT INITIATION
PROJECT FEASIBILITY STUDY
BENCHMARKING
Q1-Q2 2018
PROJECT ENGAGEMENT
TEAM STRUCTURING
LEGAL PROCESS FOR INCORPORATION IN MALTA
WHITEPAPER CREATION (FIRST DRAFT: BUSINESS)
ANGEL/SEED INVESTOR ENGAGEMENTS
Q3 2018
PROJECT EXECUTION
LAUNCH OF KUBITX CHANNELS AMBASSADORS (FLAGSHIP COUNTRIES)
PROTOTYPE
START OF PRE-PUBLIC ROUND OF TGE
EXCHANGE SOFT (BETA) LAUNCH
Q3-Q4 2018
PROJECT EXECUTION (CONTD.)
PHASE 1: FINANCIAL SERVICES INTEGRATION WITH KUBITX
END OF PRE-PUBLIC ROUND
EXCHANGE GO-LIVE
PUBLIC ROUND OF TGE
GLOBAL PROMOTIONS
Q1-Q4 2019/2020
PROJECT ADD-ONS
KUBITCHAIN - KUBITX EXCHANGE NOW ON KUBITX BLOCKCHAIN
PLATFORM REDESIGN
CONTINUOUS IMPROVEMENT
Conclusions
KuBitX's idea of making better platforms based on the existing model is frightfully appealing. The cryptocurrency race has already made people worry about the future, but the time now is to bring secure solutions in the market. This platform has the convenience to organize and use facilities that will make it very easy for us to go. This is a promising design and has a strong working model as well.
For more information:
ANN bitcointalk : https://bitcointalk.org/index.php?topic=4628365
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https://www.facebook.com/kubitx/
Telegram: https://t.me/kubitx_official
Reddit: https://www.reddit.com/r/KubitX/
Author: JonyAce
Username bitcointalk: JonyAce
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1886490
ETH address : 0x95295a487AC1Ca8516c6ddb055C0361D504ea43e