KuBitX – The Present Cryptocurrency Exchange Ecosystem

hylonhex (7)in #banking • 6 years ago (edited)

Blockchain technology is gaining in popularity today and is developing very fast. The growth of cryptography in the past year and a large hype around all this gave birth to many cryptoexchange exchanges. However, some of them had their disadvantages, for example, there were cases where exchanges hacked and hacked users. And also an awkward interface that frightened many users. KuBitX is going to fix these disadvantages.

KuBitX is a crypto-currency trading platform designed to reach the idea of "simplicity" and "accessibility", expanding capabilities, and training people from all walks of life in order to embrace Blockchain's technological revolution and invest in cryptography. KuBitX ecosystems include KuBitX Trade mechanisms, KuBitX wallets, and an admin control panel for managing Trade Exchange activities.

KuBitX's goal is to become one of the most diverse crypto-market markets for buyers and sellers. They seek to do this by developing a robust trade mechanism, providing regular banking services through their financial service providers, and initiating an ambassador's program to disseminate information and acceptance.

KuBitX was developed not only as a trading tool but also as an engine for the growth and development of emerging markets, the project aims at promoting financial education and the adoption of Blockchain by humans. The team seeks to provide access to financial services for a large part of the African population, thereby contributing to the overall economic growth of the continent, which will thus improve the quality of life of people in Africa.

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.

KubitX Concept

KubitX aims to offer a one-stop platform for our users. Many countries and citizens have been left behind in a new revolution called blockchain, we will connect these points and offer the best services using top global best practice organizations.Platforms that change this game not only become other cost makers, even all trading fees will be paid using our tokens. We will never charge fees in other crypto currencies unless the user does not have our tokens that will be easily obtained in our exchange. We are here to provide transparent service to our customers; never sacrifice user data integrity.

KuBitX is a centralized cryptocurrency exchange. Build the most sophisticated and powerful trading engine, one of the safest, fastest and strongest platforms today. Founded by a team of results-driven professionals working in top fortune 500 companies and one of the "big four" consulting companies

# Vision and Mission Our vision is one of collective growth for all market participants, both our customers and the KuBitX ecosystem, thereby contributing our share to the growth of the market itself.

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 we have.

How KuBitX Will Benefit You ?

HIGH SCALABILITY
Our platform is highly scalable, ready to accept new features to improve our users trading experience.
SECURE
We have made an extensive benchmarking with the current platforms, which allowed us to take few steps ahead, plus our security team comes from top organisation
BLOCKCHAIN
Our token is initially based on the Ethereum blockchain. We plan to launch our own chain in the near future which will then be very useful to many cases such as the most common social, utility, administration, and governance problems in developing countries.
ECOSYSTEM
As strong believers in peer to peer payment ecosystems, we believe that traditional financial systems will eventually be replaced partly due to continuous broken trust, censorship and a growing enlightenment of the populace.
LOW FEES
Our fees are the lowest around, it is even lower when you choose to use our native token the KBX for fees payment. Trading fee on KuBitX exchange is 0.05%, however, the users opting to use KuBitcoin(KBX) tokens as a method of payment of trading fee will get a discount of 25% compared to the original trading charges.
1. Trading fee = 0.05%
2. Trading fee using KBX token= 0.0375%
MINIMIZED RISK
Our multi-signature wallet and cold storage strategy will minimize the exposure of our trader’s funds. We have combined various strategies to secure the funds traded on our platform.

#Some of the Key Security Features Include

Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS).
Third-party security line by line code audit.
Insurance of online/hot wallets.
Up to 3-Factor Authentication.
Multi-Firewall Protection.
DDoS prevention.
OWASP Top 10 Compliant.
Extended Validation SSL Certificate.

How KuBitX Different From Other Exchanges

Fiat deposit and withdrawal : Though cryptocurrencies are emerging as a means of exchange and store of value, fiat currencies still have a large share of domination as a medium of exchange. Thus, KuBitX with extended partnerships with payment services providers will assist users in fiat deposits and withdrawals.
Customer Support : KuBitX is being built keeping the community and users at the center. Thus, kubitx aim to offer 24hr online customer support to be at the service of their users consistently. A customer support hub to be set up using the Global Channel Team to support tailored customer engagement. KuBitX also plans a sizeable amount of its fund allocation towards strengthening its customer support
Processing Speeds : The above exchanges have an average processing speed of 1.4m transactions per second. KuBitX will start with transaction speeds of 12M + (million) per second with an aim to upgrade to even higher transactions per second milestones. This would be achieved by using Golang with the advanced architectural design
Ease of use : Not only kubitx are working hard to develop a user-friendly web interface for kubitx users, kubitx training platform will offer a seamless integration of the user with the overall framework of the exchange and its functionality. The training will consist of Beginner, Intermediate and Professional levels to allow a vast section of users to participate

KutBitX Exchange Architecture

Tokens Details

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 ROUND DETAILS