I believe most of us crypto enthusiasts are aware of the complexities and rigidity associated with the use of current exchanges from lack of market information to difficult user interface. Well, the exciting news is that KuBitX a crypto exchange brings redefinition into crypto exchanges.
OVERVIEW
The crypto market over the years and also in recent times has recorded huge growth and success, with a current market capitalization of $342 billion which is still expected to rise up to $1 trillion by the year ending 2018 bases on reports on market experts.
Even with all these reports crypto currencies are still far from being widely adopted by the growing populace. This is because most of the current exchanges we have do not provide simplicity and accessibility in the services rendered to their users which as a result have discouraged the increased adoption of crypto currencies by users.
The solution to this is that, a crypto exchange platform that provides simplicity thereby giving more access to users’ needs to be put in place which will in turn increase mass adoption of crypto currencies.
This need gave rise to KuBitX.
What is KuBitX?
KuBitX, a crypto exchange is a one of the most robust and advanced crypto currency platforms with the mission of redefining crypto exchanges by bringing simplicity and accessibility to its platform thereby encouraging increased adoption of crypto currencies.
PROBLEMS ASSOCIATED WITH CURRENT TRADING PLATFORMS
The current crypto exchanges are characterized with the following problems, some of which includes:
Lack of mature ecosystem, these trading platforms lacks regulation pertaining to the way trade operate on the exchange. Traders’ characterized as “whales” are allowed to manipulate and control the prices of certain crypto currencies which is detrimental to other traders on the platform.
Friction in dealing with Fiat currencies, the crypto market is very volatile in nature as the price of a currency this minute might either increase or decrease in the other. Current trading platforms tend to experience difficulties in getting liquidity in Fiat currencies which often lead to people losing money due to delayed processing in the face of market volatility.
Lack of good customer support, customer support provided by these platforms is non-responsive which makes traders complain of bad user experience. For instance when a trader complains to the platform regarding difficulty of a particular trade, he/she gets late or no response from the system.
High transaction fees, most of these exchanges charge a very high transaction fee in executing a trade transaction. Most times a great portion of user portfolio is used as part of the transaction fee which as a result discouraged user adoption.
SOLUTION
Through the use of its strategies the KuBitX exchanges provides the following solution, which include:
Fiat deposit and withdrawal, although crypto currencies are emerging means of exchange, Fiat still has a dominant share as a medium of exchange. KuBitX plans to partner with payment service providers thereby assisting users with Fiat deposit and withdrawals.
Processing Speeds, current exchanges have an average processing speed of 1.4 million transactions per second, while KuBitX seeks to start with a transaction speed of 12 million per second with a plan for further upgrade to higher transactions which would be made possible by Golang and an advanced architectural design.
Customer Support, KuBitX aims to put the community and users are the center by offering 24/7 online customer support thereby meeting users’ need at all times, based on this a customer support hub will be set up by the Global Channel Team. KuBitX also plans to allocate a great portion of funds to improve its customer support.
Ease of use, the KuBitX exchange seeks to provide a user friendly web interface for users and a training that will provide a seamless integration of the user with the functionality and framework of the exchange. The training involves Beginner, Intermediate and Professional levels.
Final Thought
KuBitX brings redefinition to the way crypto exchanges operate thereby providing a simple and accessible exchange to users and in turn increasing crypto currency adoption. I will urge you to be part of the KuBitX project by joining the ICO which is presently ongoing. Enjoy a pleasurable trading experience by being part of KuBitX project.
For more information about the KuBitX project,token and ICO, click on the links below:
