THE HISTORICAL BACKGROUND OF KUBITX.
There was an idea to create a cryptocurrency exchange platform and the founders found out that there were available shortcomings with the present cryptocurrency exchange ecosystem, which made the founders develop a strong belief that the exchange ecosystem should have to offer.
The following are the issues which caught the founder’s attention.
• The absence of a mature ecosystem.
• Available friction with the dealings of fiat currencies.
• The absence of a good customer support.
• The presence of security issues.
• The absence of awareness and education between the masses which has led to a low adoption rate.
ABOUT KUBITX.
The team is composed of professionals who are highly talented and experienced, they as well have a good work experience from fortune 500 companies and big four consultancy firms.
The team have a great quality of motivating as well as consulting each other’s work. This attitude of go-getter has helped them to overcome the obstacles faced until the present date.
ANALYZING THE CRYPTOCURRENCY EXCHANGE ECOSYSTEM.
KuBitX which happens to be a new entrant in the cryptocurrency market has taken into consideration the unique selling points of the big 5 and above, it has been able to improve on the ecosystem exchange and the aspect with which it has improved includes:
• The aspect of speed processing.
• The aspect of fiat deposit and withdrawal.
• The aspect of customer support.
• The ease of use.
• Operating a multi-lingual system.
THE VISION AND MISSION OF KUBITX.
The under-taken of KuBitx was done bearing in mind the very big vision which includes to educate, to enable as well as engage people from the emerging markets in the cryptocurrency ecosystem.
The vision of KuBitX will focus on the following areas:
• To educate about the blockchain technology, which will enhance adoption by masses.
• The improvement of liquidity.
• A robust security.
• Including the financial system.
• Economic development of the upcoming markets.
THE FEATURES THAT MAKES KUBITX DIFFERENT.
• The presence of KuBitX ambassadors: The value of ambassadors include:
They will engage people in different ways.
The ambassadors will help with the acceleration of crossing chasm in their various regions.
The ambassadors will help the founders to gain a better understanding of how the adoption of KuBitX could be driven and the inherent values it will produce all-round the Socio-Economic sphere of every country in the upcoming countries.
• An improved financial service, which will include the following terms of operation:
The transfer of funds.
The processing of payments.
The servicing of merchants.
The presence of remittances.
The presence of bill payments.
The presence of trade financing.
The Business Model of KuBitX.
The business model consists of revenue streams which come from commissions on market trading and management fees.
• There will be a discount of 25% upon making use of KuBitcoin (KBX) token.
• The system will offer a direct withdrawal system to the user’s bank account upon request by users.
KUBITX TOKENOMICS.
KuBitX will issue a fixed supply of 500,000,000 KuBitcoin (KBX) token which is based on the standard of ERC-20. The reason for choosing ERC-20 tokens is due to the present familiarity of the market with the standard plus with the stability of the Ethereum Blockchain.
The Token Name is Kubitcoin (KBX).
The Token type is ERC-20.
The total supply is 500,000,000.
The price 1 ETH =8,909.09 KuBitcoin (KBX)
The only accepted currency is ETH.
The soft cap will have 10,000 ETH.
The hard cap will have 25,000 ETH.
The private round bonus will have 20%.
The public round bonus will have 10%.
Every token left unsold will be burned.
DISTRIBUTION OF TOKENS.
A percentage of 15% from the team token will be released after three months after the end of the public round of TGE, 85% of the team token will then be locked for a period of two years which will then be released gradually over a period of another 2 years.
The bounty program will have 2%.
The private sale will have 36.00%.
KuBitX investment will have 20.00%
16.00% will be for public sale.
The founders and development team will have 23.00%.
3.00% will be for advisors and partners.
ALLOCATION OF FUNDS.
15.0% will be for technology.
15.0% will be for promotion.
15.0% will go for reserve.
12.5% will be for operations.
7.5% will be for legal use.
5.0% will be for partnerships.
30.0% will be for liquidity.
THE EXCHANGE FEATURES OF KUBITX.
• The presence of advanced APIS and financial integration.
• The presence of efficiency and performance.
• The presence of security measures.
• The availability of monitoring and control.
KUBITX’S ROADMAP.
By Q4 2017, the project was initiated, there was a feasibility study on the project and there was also a benchmarking.
By Q1-Q2 2018, there was an engagement of project, the structuring of the team, legal processes for the incorporation of Malta, the first draft creation of whitepaper, the angel/seed contributions engagement.
By Q3 2018, the project was executed, there was a launch of KuBitX channels ambassadors, the availability of a prototype, and the start of a private round of TGE, there was also an exchange of soft launch.
By Q3-Q4 2018.
The project execution continues.
The first phase will be for the integration of financial services with KuBitx.
There will be an end of a private sale.
There will be an exchange of Go-Live.
A public round of TGE.
Availability of global promotions.
By Q1-Q4 2019/2020.
The project Add-ons, the KuBitChain.
The second phase will have the integration of financial services with KuBitx.
Continuous improvement.
SOURCE
Website
Whitepaper
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Authored by: geeboy88
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