The creation of the first cryptographic currency called Bitcoin has brought to the world a lot of changes with endless benefits, they have called it the cryptographic revolution, the platform which is supported by Blockchain has given much confidence for its security and transparency.
This has brought about great changes in financial terms, its rapid growth has made it evolve in many aspects, in this case I will talk to you about the exchange houses or exchanges, which are kryptonite exchange ecosystems.
In this analysis, I would like to point out that, despite the exponential growth of this market, exchange rates have been affected, which are currently suffering from some deficiencies.
The 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.
It is because of all these problems that the founders of Kubitx have decided to give solutions.
KuBitX is one of the most advanced and robust cryptocurrency trading platforms, designed in a very easy to use way, allowing people from all regions and backgrounds to benefit from the ideas that revolve around Blockchain and cryptocurrency space. It is designed to perform transactions at 12 million transactions per second. Bag drops are prevented and more are created to operate at higher speeds.
Insured wallets
In the KuBitX ecosystem we find KuBitX trading engines, KuBitX security purses and the advanced administration panel for the control of stock exchange activities.
For buyers and sellers
By focusing even on people who are furthest away for inclusion in the cryptocurrency market, we aim to become one of the most diverse cryptocurrency markets for buyers and sellers worldwide.
Education
In emerging markets, a better understanding of cryptocurrencies is essential. With KubitX's educational approach, literacy levels in emerging markets will be increased through field seminars and workshops. Currently in Africa, only 4% of the continent is dedicated to Crypto. KubitX focuses on intensive education campaigns that will infiltrate emerging markets. There are 10 major emerging markets and economies in the world.
Linguistic Diversification
KubitX has discovered that language barriers are becoming a problem for customer support. At KubitX, the presence in each country of our new global channel ambassador program will ensure that we have a local presence in each country so that the customer support experience can be increased and the response time is faster.
Faster transaction speed per second (TPS)
KubitX is in competition with its global competitors, with the stock exchanges in operation carrying out around 1.4 million transactions per second. KubitX has been built to perform 12 million transactions per second. Prevent shifting from locking, creating more to operate at higher speeds.
Advantages
High Scalability
This platform is scalable and ready to accept new features that will enhance our users' business experience.
Insurance With the current platforms, extensive benchmarking has been carried out, which has allowed us to take some steps forward, while our security team comes from the best organizations.
Blockchain
Initially, this token is based on the Ethereum block chain. We intend to launch our own chain in the near future, which will be very useful in many cases, such as the social, utilitarian, administrative and governance problems most frequently encountered in developing countries.
Ecosystem
As fervent believers in peer-paying ecosystems, we understand that, in the long run, traditional financial systems will be replaced in large part because of the continuing breakdown of trust, censorship and the growing enlightenment of the population.
Low rates
The rates are the lowest on the market, it's even lower when you choose to use our native KBX token as your payment method. The trading commission on the KuBitX exchange is 0.05%, however, users who choose to use KuBitcoin tokens (KBX) as a form of payment for the trading commission will benefit from a 25% discount compared to the original trading commissions.
Trading fee = 0.05%.
Trading commission with KBX token = 0.0375%.
Minimized risk
We have a portfolio of multiple firms and a cold storage strategy that will minimize the exposure of our operators' funds. In this regard, we have combined several strategies to secure the funds traded on our platform.
Conclusion
It will offer a unique platform for our users. We regret that many countries are falling behind and do not see that the Blockchain revolution has changed the world, we will connect the dots and offer excellent service using the best practices of major global organizations.
About the Token
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Token
KBX
PreICO Price
1 KBX = 0.00011 ETH
Price
1 KBX = 0.00011 ETH
Bonus
Available
MVP/Prototype
Available
Platform
Ethereum
Accepting
ETH
Minimum investment
0.25 ETH
Soft cap
10,000 ETH
Hard cap
25,000 ETH
Country
Malta
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
Milestones
Q4 2017
Project Initiation:
Project feasibility study;
Benchmarking.
Q1-Q2 2018
Project Engagement:
We building our Team;
Legal process for incorporation in Malta;
Whtepaper creation first draft (Business);
Angel/Seed Investor Engagements;
Token creation;
Community building.
Q3 2018
Project Execution:
Platform design & development;
Whitepaper updates second draft (Technical add-on);
