KuBitX is a cryptocurrency exchange aiming to satisfy banking needs in most emerging markets through strategic partnerships with significant banks. The project was launched in Q4 2017 by a team of professionals with extensive work experience in companies such as Dell, Huawei Technologies, PricewaterhouseCoopers (PwC), Google, BP Oil, Amazon Web Services (AWS), MTN, etc. The project is about 80% complete, while its MVP trade engine can handle over 12 million transactions per second. The engine is equipped with strong compliance architecture tools to ensure top-level security.
What Is KuBitX?
Advanced Platform - This is one of the most robust and advanced crypto trading platforms currently in use around the globe. It has been designed in a simple and user-friendly manner to ensure that people from across the world can use it with ease. It aims to ensure that all citizens get to enjoy the power held by blockchain technology regardless of where they come from.
Secured Wallets - The Kubitx ecosystem comprises of a number of things. They include the highly advanced, and super-efficient admin dashboard, the Kubitx wallets, and its trade engines. The admin dashboard is primarily used for regulating the activities taking place in the platform.
For Buyers And Sellers - By targeting people from across the world, Kubitx hopes to become a diverse crypto marketplace that can be used by buyers and sellers from all parts of the world. All people will be included, even those currently residing in very remote locations.
The KuBitX Concept
Kubitx’s aim is to provide a one-stop platform for all its users. The developers understand that many countries and citizens around the world have been left out of the blockchain revolution. They, therefore, hope that they can be able to connect all these dots to provide a top of the line solution based on best practice already in use by global organizations.
Features
- Trading fees will be paid using the KuBitX token.
- KuBitX token can be converted into fiat money or cryptocurrencies.
- New coin listing processes will be assessed by the platform in less than 24 hours.
- To guarantee users funds, 70% of the platform assets will be in a cold storage wallet.
- Trading fees (0.025%) 8 times cheaper than the current exchanges (around 0.2%).
- A professional team that has worked in the top Fortune 500 companies and one of the “big four” consulting firm.
KuBitX KBX Token ICO Details
KBX is the native token for KuBitX, that is open and transparent to the public. It is an ERC-20 token and can be used to pay for trading fees in the KuBitX platform. Through their extended partnerships with payment service providers, they can help users with fiat deposits and withdrawals.
KBX holders can store it on both KuBitX platform or other wallets that are ERC-20 compatible. KuBitX will issue a fixed supply of 500,000,000 KBX. 36% will be allocated for the pre-public round which will start on July 16. 1 ETH will be equivalent to 8, 909.09 KBX.
They have a rather high soft cap of 10,000 ETH. Tokens will be tradable on September 2018, but they have yet to announce the exact date on their website.
Following the first public round token launch, 15% of the team tokens will be released, and the remaining 85% will be released gradually in 2 years.
Ticker: KBX
Token type: Ethereum (ERC20)
Decimal:18
Total Supply:500,000,000
Currencies accepted: ETH
Soft Cap: 10,000 ETH
Hard Cap: 25,000 ETH
Token Distribution
Private sale = 36%.
Founders and Development Team = 23%.
Investment fund = 20%.
ICO = 16%.
Advisors and Partners = 3%.
Bounty = 2%.
The Amazing Team
The team behind KuBitX is made up of experienced professionals from Big Four consultancy firms, and Fortune 500 companies like Dell, Huawei Technologies, PricewaterhouseCoopers, Google, BP Oil, Amazon Web Services, MTN etc.
Their set of skills and talents gives them substantial insight and expertise in their respective domain. KuBitX what to build their visions by using trust as a foundation. Their whitepaper certainly lived-up to their promise and presented complete details to help people get to know their team.
Conclusions
Crypto exchange platforms have become one of the main tools in the blockchain industry to trade Bitcoins, altcoins and tokens in an easy and simple way. A few of the current platforms are available only in some countries due to government regulations, which precludes many traders around the globe. Additionally, the growth capacity of the current exchanges has collapsed due to a large number of new users and some of these platforms have stopped their registration process because of the high volume of new users. Platforms such as KuBitX will be necessary to cover the high demand of users where the current platforms do not offer their services.
For more information, please visit the link below:
Author: safazara
Website : http://www.kubitx.io/
Whitepaper : https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Facebook : https://www.facebook.com/kubitx/
Twitter : https://www.facebook.com/kubitx/
Telegram: https://t.me/kubitx_official
Ann Tread : https://bitcointalk.org/index.php?topic=4632164
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1783327