KuBitX - Cryptocurrency Exchange & Trading Platform

About KuBitX

KuBitX is a centralized cryptocurrency exchange. Building the most advanced and robust Trade engines, one of the most secure, fastest and robust platform today. Founded by a Team of result driven professionals working in the top fortune 500 companies and one of the "big four" consulting firms.
Currently, laying all the foundations and linkages to focus the KuBitX exchange as a vehicle to open up adoption and economic inclusion for the emerging markets.

This game-changing platform will not just be another fee-maker, in fact all trading fees will be paid using our token. We will never charge fees in other cryptocurrencies unless the user doesn't possess our token which will be easy to acquire in our exchange. We are here to provide transparent services to our customers; never compromising the integrity of users' data.

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.

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.
  If the trade receivable is NEO, we will calculate it by the exchange ratio of NEO to KBX at the market price, which is based on the market price of NEO / BTC and KBX / BTC. Exchange ratio of NEO/KBX = NEO/BTC [market price] / (KBX/BTC [market price]). KuBitX update cycle for the market price is 1 second

Suppose user needs to buy 1 Bitcoin

Quantity 1
Spot rate $10,000
Actual Trading fee $5(0.05%)
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%.

KBX Token

The KBX token will be used to pay trading fees on the KuBitX platform and any further use specified in the KuBitX White Paper will be implemented in stages.

Token allocation

2% BOUNTY & AIRDROP
3% BANK ADVISORY
16% PUBLIC ROTARY
20% KUBITX INVESTMENT FUND
23% ESTABLISHMENT & DEVELOPMENT
36% PRE-PUBLIC ROUND

5% PARTNERSHIP
7.5% LEGAL
12.5% OPERATION
15% TECHNOLOGY
15% PROMOTION / MARKETING
BACKUP 15%
LIQUIDITY 30%

Details of TOKEN

Token KBX
Platform Ethereum
Type ERC20
PreICO price 1 KBX = 0.00011 ETH
Price in ICO 1 KBX = 0.00011 ETH

BONUS
20% during the private round.
Tokens for sale 260,000,000

Investment info

Min. investment 0.25 ETH
Accepting ETH

Distributed in ICO 63%
Soft cap 10,000 ETH
Hard cap 25,000 ETH

Roadmaps

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 Private Round of TGE
• Exchange Soft Launch

Q3-Q4 2018

• Project Execution (Contd.)
• Phase 1: Financial Services integration with KuBitX
• End Private 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

Advisors

To find more relevant details of the KubitX project please you follow some resources for the following references:

WEBSITE : https://www.kubitx.io/
WHITEPAPER : https://www.kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
TWITTER : https://twitter.com/kubitx
FACEBOOK : https://www.facebook.com/kubitx/
MEDIUM : https://medium.com/@kubitx
YOUTUBE : https://www.youtube.com/channel/UCm6o0xRXXlrPR0-OqcBwXOA
TELEGRAM : https://t.me/kubitx_official
REDDIT : https://www.reddit.com/r/KubitX/
ANN THREAD : https://bitcointalk.org/index.php?topic=4628365

Author By:

Forum Username : olitaptapan
Forum Profile link : https://bitcointalk.org/index.php?action=profile;u=1566451
wallet address : 0x4832C1D8352841b26577695dEc7B741187D5d1fA