KuBitX ICO is believed to be an interesting option for investors to consider especially now that early investors are being rewarded with 20% bonus.
There seem to be so much interest in the KuBitX project, so let us look at it more closely.
KuBitX is one of the most advanced and robust cryptocurrency trading platform 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.
According to KuBitX Founders, the idea of creating KuBitX platform is born out of necessity to address the shortcomings in the present cryptocurrency Exchange ecosystem. Major shortcomings identified include lack of regulations, difficulties in getting liquidity in fiat against crypto assets, lack of good customer support, poor security measures and lack of awareness and education among the masses which lead to low adoption.
HOW KUBITX INTEND TO SOLVE THE PROBLEMS.
According to their whitepaper, the existing problems of regulation and liquidity would be solved by involving market makers to build sustainable volume on exchange, reducing cost of transactions and simplifying the complete process. In order to avoid 'wash trading', measures such as Anti market manipulation(AMM) tools, market surveillance, supervision and compliance, are put in place and considered top priority.
Educating the emerging market especially Africa and Asia are taken very serious by KuBitX. They have developed a program called Global Channel Ambassadors with aim of tackling socio- economic hindrances to crypto adoption.
KuBitX robust security measures include storage of password hashes instead of original passwords, data of users are encrypted using AES-256 before inserting into KuBitX database, a designed architecture to ensure encryption keys are well stored, an offline multi signature cold wallet/vault system and lots more.
As part of KuBitX solution, a financial inclusion campaign is targeted at the emerging market especially Africa and Asia to bridge the gap between the banked and unbanked by linking their cryptocurrency trading account directly with their financial service account. According to their whitepaper, financial services like funds transfer (wire and peer to peer), payment processing, merchant servicing, Remittances, bill payment and trade financing would be integrated with cryptocurrency and used on KuBitX platform.
Emerging markets will not be left out!
Looking at the solution offered by KuBitX, one would probably agree that there is a real need for developing this project which of course is a green flag to some investors. The fast growing crypto space need a diverse and efficient Exchange to trade as well as converting fiat to crypto and that is what KuBitX plan to offer.
It is believed that any project solving no real needs or problems will certainly turn worthless or even as scam.
The KuBitX community is another factor to consider because investors attach great importance to how viable a community operates. KuBitX community operates social handles such as telegram, Facebook, Twitter etc.
Their telegram handle where most direct interactions between project team and investors occur has got over 3.6k members at this early stage of presale, their Facebook handle has got 2.9k followers while their Twitter handle has got 3.069k followers with new investors joining each handle on daily basis.
Ratings is another factor mostly considered by investors to determined whether project will succeed or not. It is mostly believed that huge hype around a project is a sign that more investors will be reached and if all of them participate, then more funds would be raised which will aid to a large extent in ensuring success for the project. KuBitX ICO has been hyped with great positive ratings from experts across blockchain and cryptocurrency as well as Fintech industry, this might also serve as green flag to some investors.
Majority of investors also consider the project team as top priority. KuBitX team is headed by Eric Annan as co- founder and CEO alongside other members and Advisors. Their information can be accessed on official website.
This project also compare very favourably with their competitors.
More information about KuBitX project and the ICO can be accessed via the links below.
Source/official links
Website: http://www.kubitx.io/
Ann thread: https://bitcointalk.org/index.php?topic=4628365
Telegram: https://t.me/kubitx_official
Whitepaper: https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Written by Rossey: https://bitcointalk.org/index.php?action=profile;u=2040218
Your post is very informative,
Thanks for sharing.
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