Introduction
Kubitx is a Cryptocurrency trading platform is designed to provide more simplicity and accessibility which is educating the people globally about the Blockchain Technology and investing in cryptocurrency. They are providing the secure Kubitx wallets and an advanced Admin dashboard for regulating the activities under the Trade Exchange. The aim is to providing trade engine ecosystem with a regular banking services and initiating an Ambassador program to create awareness. Kubitx token (KBX) is being used for fee payments under the exchange process and will also be integrating into the banking processes to enable users to get fiat services in a short span of time.
Problem
There are many shortcomings in the present Cryptocurrency exchange ecosystem. They are –
Lack of mature ecosystem – There are many regulations on the trading way where exchange of crypto to fiat is not an easy task. Several exchanges in the market are facing liquidity problem with having high trading fees which are very expensive to many people globally.
Friction in dealing with fiat currencies – People are getting liquidity in fiat currencies against crypto assets and create more volatility which leads to losing money due to delay process by the exchange or the banks.
Security Issues – Many cryptocurrency spaces are bombarded by hackers who are using user’s data for their benefits. Many cyberattacks leads to losses in billions of dollars.
Lack of good customer support – Many a time traders complaint about getting bad user experience response because of non-responsive customer support provided by many exchanges. This is happened because of lack of management staff to handle the request which leads to a poor customer support.
Lack of awareness and education – There is still lack of education and knowledge about the Blockchain technology and cryptocurrency market. This will lead to lower rate of adoption of cryptocurrency trading.
Solution
Kubitx is come up with the solution for the above problems by creating a blockchain based cryptocurrency trading platform where they are educating, enabling and engaging people from emerging markets in the cryptocurrency ecosystem.
Educating the people – Kubitx has come up with their unique idea of Global Channel Ambassadors to enter, understand and capture local emerging markets.
Liquidity improvement – This is the most important part of any exchanges ecosystem. They are reducing the cost of transactions and simplifying the complete trading process with the help of blockchain.
Security improvement – Here, Kubitx is developing their own exchange system to secure and make users aware about various frauds and hacking going into the market. In this they are storing the password hashes and all the user data is encrypted. Their system is fully GDPR (General Data Protection Regulation) compliant.
Financial Inclusion – Through the blockchain, they are removing third-party involvement from any kind of financial transaction process. They are providing users have full control over their p2p transactions simply through their phones.
The Team
Eric Annan – CEO & Co-Founder – He’s a Serial Entrepreneur and Blockchain Educator. He’s a certified Bitcoin expert. Previously worked with Huawei Technologies as a Lead Technical Account Manager. He also found DIgitalkudi.com which was a cryptocurrency trading platform in Nigeria and Ghana.
Peihan You – CSO – He’s having expertise in Digital Service and Marketing. Having 12 years of global experience in Marketing, Project Management, and Digital Service. Previously worked with Huawei Technologies. He completed his MBA from the University of Liverpool and Executive Education from the Harvard Business School.
Victor Akoma-Philips – COO – He’s a Blockchain Consultant, Evangelist and having 18 years of experience in Project Management, ICT Consulting with Dell, Cisco, MTN and Huawei. He did MBA in Finance.
Token Matrix
Token – KBX
Total Supply – 500 Million KBX
Price – 1 ETH = 8909 KBX
Soft Cap – 10000 ETH
Hard Cap – 25000 ETH
Public Pre-Sale – 16th July to 31st August 2018
Crowd Sale – TBA
Social Media Reach
Facebook – 1785+ Followers – https://www.facebook.com/kubitx/
Twitter – 2100+ Followers – https://twitter.com/kubitx
Telegram – 2510+ Members – https://t.me/kubitx_official
Verdict
The Social Media hype is good, and they are very much active on their Telegram Group.
The Website and Whitepaper both explained in detail and easy to understand.
There are 14 core members in an executive team who are having expertise in Marketing, Finance, Digital Marketing, Cloud Computing, Software & Development, Project Management, Cyber Security, IT and Blockchain Technology. Some of them are previously worked with such reputed companies – Huawei, Dell, Cisco, MTN etc.
They have 7 advisors on board who are having expertise in Ecommerce, Financial & Capital Market, Banking, Law, Software Development and Blockchain Technology. Some of them are a CEO and Founder of their respective company.
The Roadmap is provided with their informative milestones till 2020. Currently, MVP is in Internal Acceptance Testing (IAT) Stage and will be releasing soon.
They have partnered with Modulus Global, Localau, WDM International, TGE Launch Media and UMS Conferences.
For Detailed Information
Website – https://www.kubitx.io/
Whitepaper – https://www.kubitx.io/wp.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=4628365
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392