KuBitX — FIRST TRULY GLOBAL EXCHANGE

tusharmali99 (25)in #ico • 6 years ago

KuBitX is one of the most advanced and robust cryptocurrency 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 cryptocurrencies. 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 Cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers. We aim to achieve this by developing a robust trade engine, providing regular banking services through our Financial Service Providers and initiating an Ambassador program to spread awareness and adoption.

The KuBitX team is composed of an extremely talented and experienced bunch of professionals with significant work experience from Fortune 500 companies and “Big Four” consultancy firms that have identified “Inclusion" and “Adoption” as the major pillars of growth for any Cryptocurrency marketplace. As a result of many brainstorming and ideating sessions, the team was able to come up with unique ideas such as an inbuilt Financial Services feature in addition to making the coin listing process convenient in terms of time and cost.

KuBitX Introductory Video:

To create a harmonious ecosystem within the exchange, the KuBitcoin (KBX) token will be used for fee payments within the exchange operation and will be also be integrated into the banking processes integrated with the exchange to enable users to get fiat services in a short span of time.

The user-friendly outlook of the exchange will also allow it to promote adoption. Simplifying the process of remittance also provides us with the potential to target a good user base and thus helping in increasing the liquidity of the exchange.

The KuBitX ecosystem is effectively going to be one of the most comprehensive and compliant solutions for traders, partnering with the best trade engine experts having a broad industry experience. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants by fostering greater market liquidity and thereby contributing to its overall growth.

THE PRESENT CRYPTOCURRENCY EXCHANGE ECOSYSTEM:

KuBitX being a new entrant in the market has taken into account the unique selling points of the big 5 above and has ideated and improved on the following aspects of the exchange ecosystem:

Processing Speeds – The above exchanges have an average 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 cryptocurrencies 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, we aim to offer 24hr online customer support to be at the service of our users consistently. A customer support hub to 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 we are working hard to develop a user-friendly web interface for our users, our 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 our outlook, we aim to offer our services in 5 languages to enable a large set of users to get benefits out of our services thus removing the barrier of language which often hinders the integration of people on a web platform.

TOKENOMICS

KuBitX will issue a fixed supply of 500,000,000 KuBitcoin (KBX) tokens which are based on the ERC-20 standard. The reasons for choosing ERC-20 tokens are the present familiarity of the market with this standard plus the stability of Ethereum Blockchain.

15% of team tokens will be released after three months from the end of public round of TGE, 85% of team tokens will be locked for 2 years after which there will be gradual release of the tokens over a period of another 2 years.