Introduction :
Cryptocurrencies exchanges are the widest platform to buy and sell coins and although exchanges constantly evolve and improve, there are challenges ahead and problems to solve. :
Price Manipulation By far the biggest issue in the cryptocurrency market is the excessive volatility. The prices of cryptocurrencies on exchange platforms rise and fall dramatically over a short period of time.
Pump and dump ICO schemes continue to be a problem for the market due to the lack of regulation. During the ICO, the entrepreneurs behind the token speculate massively on the coin, driving the prices up and getting investors attracted
Lack of Price Uniformity Price charting is an essential part of asset/commodity trading. It is often necessary to develop price charts in order to carry out investment analysis and develop trading strategies
Transaction Delays The cryptocurrency market is plagued with a litany of delays across almost every type of transaction.
As I mentioned, to solve the issue we need this kind of thing as Better Cryptocurrency trading. KuBitX offers a solution for those seeking to invest in cryptographic markets. Here's how the trader can help funders automatically deal and manage their funds.
The KuBitX Exchange is designed to operate at low latency, high throughput, and maximum uptime. By incorporating geo-replication in its architecture, the exchange is built to be fault tolerant, ensuring that the platform delivers a seamless and uninterrupted trading experience to its users. Below is a high-level abstraction of the exchange architecture showing how the different systems within the exchange are connected logically.
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.
Advantages of Project :
• KuBitX will provide users with an exchange platform with the fastest transaction rate per seconds
• KuBitX will partner with some payment service providers to give its users the option and ability to deposit or withdraw fiat currency.
• KuBitX exchange will be a user-friendly and easy to use platform with a training section for users at all levels to have better understanding of the exchange and its functionalities.
• KuBitX exchange will be a highly secure platform with lots of inbuilt security measures or features to shield KuBitX ecosystem from hackers’ threat and antics.
• Through the KuBitX Global Ambassador Initiative, awareness and knowledge on Blockchain technology and cryptocurrency will be extended and imparted to all, even to those at the grassroots level, which will help to drive local adoption.
• Users of KuBitX platform will also enjoy 24/7 online customer support and 5 different language options.
Token and ICO 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
One key element that endears this project to me is the fact that 23% of the tokens which will serve as remuneration for the founders will be locked in a long times. This will ensure that the tokens doesn’t get dumped on the market as we see it happen with other projects.
You can get the KBX token during the Private or the Crowd contribution rounds, stay tuned on our website and social media channels. The KBX token is an ERC-20 compatible token hence, it can be stored either on our platform or any other ERC-20 compatible wallet where you have control of the private keys. The KBX token will primarily be used to pay the trading fees in the KuBitX platform and further use cases stated in our whitepaper will be implemented gradually.
Road Map
This project has a very clear and unambiguous road map. So far, it has been religiously followed with various deliverables actualized. This shows a very serious team and there is likelihood of them beating their deadlines.
Partners
ICO rantings
For a project to be widely adopted, there has to be positive ratings from reputable ICO ratings companies across the crypto space. KuBitX has enjoyed a favorable rating from these companies, thus building investors’ confidence and belief in the project.
KuBitX highly appreciated by many experts and ICO review sites:
From the author:
The idea of creating a platform that would act as an intermediary between project developers and would guarantee the reliability of investments is quite good, especially given the huge number of scams. It is clear that Africa has a largely untapped market. KuBitX has chosen to right that wrong, by educating, increasing awareness and driving adoption of cryptocurrencies in these emerging markets.
Taking into account the fact of the constant growth of ICO popularity, KuBitX platform can become one of the best in 2018.
Website : http://www.kubitx.io/
Ann Thread : https://bitcointalk.org/index.php?topic=4628365
Whitepaper : https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter : https://twitter.com/kubitx
Facebook : https://www.facebook.com/kubitx/
Telegram : https://t.me/kubitx_official
AUTHOR : Henry7
Profile : https://bitcointalk.org/index.php?action=profile;u=1627817