What is KuBitX?
KUBITCOIN (“KBX”) tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
KuBitX 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. We aim to achieve this by developing a robust trade engine, providing regular banking services through our Financial Service Providers and initiating an Ambassador program to spread awareness and adoption.
The KuBitX ecosystem is effectively going to be one of the most comprehensive and compliant solutions for traders, partnering with the best trade engine experts having a broad industry experience. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants by fostering greater market liquidity and thereby contributing to its overall growth.
KuBitX VISION AND MISSION
KuBitX aims to leverage the emerging technology to move forward in the vision and mission that we have. Its 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.
Education about Blockchain technology enhancing adoption by masses – KuBitX has come up with a unique initiative called Global Channel Ambassadors to enter, understand and capture local emerging markets.
Liquidity improvement – Liquidity is one of the most important pillars of any exchange that exists. Many exchanges today suffer from a liquidity crunch leaving users stranded with their currencies. To tackle this, we plan to involve market makers to build sustainable volume on the exchange, reducing cost of transactions and simplifying the complete process.
Robust Security – Security is one of the most crucial pillars surrounding a cryptocurrency exchange. We at KuBitX do take the security of the whole platform very seriously.
Financial Inclusion – The emerging markets today especially in Africa and Asia suffer from a large chunk of their population being out of reach of the traditional banking system. Banks become controllers but here the person becomes the controller because P2P transactions are possible through their phones.
Economic development of the emerging markets – On a macro level, the emerging markets like Africa experience from low GDP rates, high inflation and generally poor economic growth.
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)
Token Sale Details
Seed Round: Ongoing. Ends 16 July, 2018.
Pre-Public Round: 16 July – 31 August, 2018Public Round: TBC
Token sale and Token information
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
Pre-Public Round Minimum Contribution: 10ETH
Public Round Minimum contribution: 0.25ETH
Maximum Contribution: No maximum currently
Funds Allocation
Technology: 15%
Promotion: 15%
Liquidity: 30%
Partnerships: 5%
Legal: 7.5%
Operations: 12.5%
Reserves: 15%
Important links of KuBitX
ANN: https://bitcointalk.org/index.php?topic=4628365.0
Website: https://kubitx.io/
Whitepaper: https://www.kubitx.io/wp.pdf
Telegram Community: https://t.me/kubitx_official
Telegram Announcement: https://t.me/kubitx_ann
Twitter: https://twitter.com/kubitx
Linkedin: https://www.linkedin.com/company/kubitx-exchange/
Instagram: https://www.instagram.com/kubitx.exchange/
Medium Blog: https://medium.com/@kubitx
Youtube: https://www.youtube.com/channel/UCm6o0xRXXlrPR0-OqcBwXOA
GitHub: https://github.com/KuBitXExchange
Reddit: https://www.reddit.com/r/KubitX
Facebook: https://www.facebook.com/kubitx/
Bitcointalk: https://bitcointalk.org/index.php?topic=4628365
Author:
Bitcointalk username: toheed2x
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1770501
Telegram: @Sheelamar
Eth Address: 0x3685ff77f8e4deEc9abe29ceA15E33209863d4CD