Review KuBitX

fowmol333 (25)in #ico • 6 years ago

EXCHANGE ARCHITECTURE - Website : http://www.kubitx.io/

The KuBitX Exchange is designed to operate at low latency, high throughput, and maximum uptime. By incorporating geo-replication in its architecture, the exchange is built to be fault tolerant, ensuring that the platform delivers a seamless and uninterrupted trading experience to its users. Below is a high-level abstraction of the exchange architecture showing how the different systems within the exchange are connected logically.

ADVANCED APIS AND FINANCIAL INTEGRATION

KuBitX’s advanced APIs promise to give the users a hassle-free trading experience. It will allow them to get connected to FIX, Rest, Binary, WebSocket, and third-party custom APIs. This architectural design will also enable integration with banking, payment gateways, and settlement.

EFFICIENCY AND PERFORMANCE

KuBitX’s market exchange trading platform is a proven fast, high-volume and low-latency exchange engine. This exchange platform will be hosted on high availability IT infrastructure, thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime. In order to provide a fault-tolerant architecture, a standby instance setup has been planned with active data replication. This standby instance will start as an active instance, in case the primary exchange goes down due to any reason. Active geo-replication will provide database redundancy and a low-latency platform for the end-users. Geo-targeted load-balanced environment for the trading front-end has also been planned for deployment. A high-level exchange and infrastructure diagram below indicates the planned setup of the platform. KuBitX has come up with a Trade Engine which delivers a speed of 12 Million plus transactions per second with a latency of 40-50 ns.

ROADMAP - Website : http://www.kubitx.io/

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)

ABOUT KBX TOKEN

Ticker KBX

Token Type ERC20 (Ethereum)

Decimal 18

Total Supply 500,000,000

Currencies Accepted ETH

Soft Cap 10.000 ETH

Hard Cap 25.000 ETH

TGE Details Seed Round: Ongoing. Ends 16 July, 2018.
Pre-Public Round: 16 July - 31 August, 2018
Public Round: TBC

WHAT MAKES US DIFFERENT?

KuBitX has been developed not just as a trade engine but an engine for growth and development of the emerging markets assisting in financial inclusion, financial education and Blockchain adoption by the people. We strongly believe that KuBitX has the potential to reach the emerging regions and educate the citizens with little or no access to Blockchain based services and adoption and offer multiple crypto to fiat exchange and paring.

ADVANCED PLATFORM

KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed in a very user-friendly manner to enable people from all regions and backgrounds get a stronghold of the ideas revolving around the Blockchain and the cryptocurrency space. It is built to transact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.

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.

EDUCATION

Emerging markets need more awareness on cryptocurrencies. KuBitX education focus will drive more literacy levels in emerging markets with on the ground seminars and workshops. Currently in Africa, only 4% of the continent is engaged in Crypto. KuBitX focuses on heavy education campaigns that will infiltrate emerging markets. There are 10 big emerging markets and economies in the world.

LANGUAGE DIVERSIFICATION

KuBitX has identified that language barriers becomes issue for customer support, as a result - poor customer support ratings happen. At KuBitX, our global channel ambassador program will ensure that we have local dialect presence in each country so that customer support experience can be heightened and turn around time can be faster for responses.

FASTER TRANSACTIONS PER SECOND (TPS) SPEED

KuBitX competes with global rivals with current exchanges doing about 1.4 million transactions per second. KuBitX is built to trasact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.