The world is exploding with the industrial revolution 4.0, blockchain technology is slowly changing people's lives. However, there are many countries and citizens left behind in this technological revolution, so KuBitX was born to connect those dots and offer an excellent service using the top global organisations best practice.
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.
The ideation process behind KuBitX was undertaken keeping in mind the broader vision to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem. The technological development that has taken shape since the dawn of the Internet era has been top-down, i.e., from the developed nations towards the developing nations. This has created a gap in the overall development process thus compelling people from the emerging markets following the trail of development rather than being active contributors in shaping the process. KuBitX aims to leverage the emerging technology to move forward in the vision and mission that they have.
The broader areas upon which the vision of KuBitX has a focus upon are:
Education about Blockchain technology enhancing adoption by masses – KuBitX has come up with a unique initiative called Global Channel Ambassadors to enter, understand and capture local emerging markets. They aim to tackle the socioeconomic hindrances to adoption. The KuBitX Global Ambassador Initiative will
reach the grassroots to drive local adoption.
Liquidity improvement – Liquidity is one of the most important pillars of any exchange that exists. Many exchanges today suffer from a liquidity crunch leaving users stranded with their currencies. To tackle this, they plan to involve market makers to build sustainable volume on the exchange, reducing cost of transactions and simplifying the complete process. To avoid wash trading, they have Anti Market Manipulation (AMM) tool on the platform. Market surveillance, supervision and compliance are being looked into very carefully. The admin can choose to freeze an account associated with suspicious trading.
Robust Security – Security is one of the most crucial pillars surrounding a cryptocurrency exchange. They at KuBitX do take the security of the whole platform very seriously. Hereby, they not only are developing their own exchange system secure but also plan to make users aware of various frauds and hacks going on in the market. Following are the security measures taken by the team:
• KuBitX are storing the password hashes and not the original passwords in their servers.
• All user data is encrypted using the AES-256 before being inserted into the database.
• KuBitX has designed a customized security architecture to ensure encryption keys are stored very well.
• Secure offline multi-signature cold wallets/vault system.
• Their system is fully GDPR compliant.
• KuBitX has developed a third-party code verification and penetration testing functionality.
Financial Inclusion – The emerging markets today especially in Africa and Asia suffer from a large chunk of their population being out of reach of the traditional banking system. Banks become controllers but here the person becomes the controller because P2P transactions are possible through their phones. The philosophy of the Blockchain era is excluding the third party and use P2P transactions. Africa has large amount of unbanked people hence KuBitX will educate people how to take advantage of Blockchain philosophy thus enhancing financial inclusion.
Economic development of the emerging markets – On a macro level, the emerging markets like Africa experience from low GDP rates, high inflation and generally poor economic growth. KuBitX with extensive strategic partnerships with the private and public sector, have designed an institutional investment plugin on the KuBitX engine to enable a higher volume of crypto trading and traditional capital trading functionalities. For instance, Zimbabwe uses a legal tender which is not native to their country thereby creating a negative impact on all aspects of their economy. KuBitX will be creating opportunities for a digital economy thereby allowing each nation to run its own economy and giving it an opportunity to play in the global market.
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.
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
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.
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.
These are wonderful people, I believe they will develop a successful project!
Looking at what the KuBitX project is doing, I think you should be involved in this project! Invest your money wisely. It's your decision!
You can find out more about the project at:
Website: https://kubitx.io/
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter: https://twitter.com/kubitx
Facebook: https: //www.facebook .com / kubitx /
Телеграмма: https://t.me/kubitx_official
Reddit: https://www.reddit.com/r/KubitX/
Bitcointalk Username: symwofl125
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2092094
