KuBitX : The Most Diverse Crptocurrency marketplaces

Image result for KuBitXKuBitX is one of the most advanced and robust cryptocurrency trading platforms designed to embrace the idea of “Simplicity” and “Accessibility,” empowering and educating people from all walks of life to embrace the technological revolution of Blockchain and invest in cryptocurrencies. 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. By targeting the untapped, high potential demographics for their inclusion in the Cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers.

HOW THE IDEA OF KuBitX CAME TO LIFE

The idea to create a new cryptocurrency exchange came up when the founders identified some crucial shortcomings in the present Cryptocurrency exchange ecosystem.
Following are the biggest gaps which caught our attention:
  1. Lack of a mature ecosystem
  2. Friction in dealing with fiat currencies
  3. Lack of good customer support
  4. Security issues
  5. Lack of awareness and education among the masses leading to a low adoption rate Thus, we got motivated by the idea that we can provide sustainable and progressive solutions to the above-stated problems through comprehensive planning and diligent work.

The Present Cryptocurrency Exchange Ecosystem

Undertaking thorough and diligent market research has led us to gain substantial insights into the present working architecture of the Cryptocurrency exchange ecosystem.
The Market share by 24-hour trading volume is as follows

WHAT MAKES KuBitX DIFFERENT?

KuBitX has been developed not just as a trade engine but an engine for growth and development of the emerging markets assisting in financial inclusion, financial education and Blockchain adoption by the people. We strongly believe that KuBitX has the potential to reach the emerging regions and educate the citizens with little or no access to Blockchain based services and adoption and offer multiple crypto to fiat exchange and paring
  1. KUBITX AMBASSADORS – THE VALUE PROPOSITION
  2. FINANCIAL SERVICES

  • Funds transfer (wire and peer-to-peer)
  • Payment processing
  • Merchant servicing
  • Remittances
  • Bill payment
  • Trade Financing

The KuBitX digital currency trading platform will be directly integrated with its financial services providers, allowing users a seamless experience when managing their accounts and buying/selling digital currencies and tokens.
Developers can design and build their applications knowing they will have no problem opening a financial services account for their business. Merchant processing will be available allowing them to convert digital and fiat currencies into any payment form they desire.

TOKENOMICS

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.
  • Token Name → Kubitcoin (KBX)
  • Token Type → ERC-20
  • Total Supply → 500,000,000
  • Price 1 ETH → 8,909.09 KuBitcoin(KBX)
  • Currencies Accepted → ETH
  • Soft Cap → 10,000 ETH
  • Hard Cap → 25,000 ETH
  • Pre-Public Round Bonus → 20%
  • Public Round Bonus → 10%
  • Unsold Tokens → All Burned

BitX BUSINESS MODEL

The KuBitX business model consists of revenue streams coming from commissions on market trading and management fee. This section will detail how the revenue stream and KuBitcoin (KBX) tokens have been integrated into the system, giving an idea as to how the KuBitcoin (KBX) token holders will be rewarded.
  • 25 % discount on using the KuBitcoin (KBX) token – KuBitcoin (KBX) tokens have the utility of acting as a method of payment for the trading fee. Plus, the users opting to use KuBitcoin (KBX) tokens as a method of payment of the trading fee will get a discount of 25% compared to the original trading charges. 
Suppose user needs to buy 1 Bitcoin
  1. Quantity 1
  2. Spot rate $10,000
  3. Actual Trading fee $5(0.05%)
  4. Discounted Trading fee $3.75(0.0375%)

  •  Payment processing fee - KuBitX will offer direct withdrawal to the bank account of a user requesting liquidity in fiat by enabling them to exchange KuBitcoin (KBX) tokens for Fiat on the levy of a Payment Processing fee of 2.5%

FUNDS ALLOCATION

TOKEN DISTRIBUTION



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.

KuBitX - ROADMAP

Q4 2017
  • Project Initiation
  • Project feasibility study
  • Benchmarking

Q1-Q2 2018
  • Project Engagement
  • Team Structuring
  • Legal processes for incorporation in Malta
  • Whitepaper creation first draft (Business)
  • Angel/Seed Contribution Engagements

Q3 2018
  • Project Execution
  • Launch KuBitX Channels Ambassadors (Flagship countries)
  • Prototype
  • Start Pre- Public Round of TGE
  • Exchange Soft Launch

Q3-Q4 2018
  • Project Execution (Contd.)
  • Phase 1: Financial Services integration with KuBitX
  • End Pre- Public Round
  • Exchange Go-Live
  • Public Round of TGE
  • Global Promotions

Q1-Q4 2019/2020
  • Project Add-ons
  • KuBitChain
  • Phase 2: Financial Services integration with KuBitX
  • Continuous Improvement (Operations, Product Enhancements and Community Feedback for Improvement)

TEAM



FOR MORE INFORMATION



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