KUBITX - The Crypto-Exchange For Emerging Markets

Kubitx is a decentralized blockchain platform which is committed to the growth and promotion of crypto currency platforms by adding new features as well as modifying the existing ones. It is a platform which would help masses understand the concepts of crypto currency, their benefits and usability. It is designed to provide a user- friendly experience to its users. It would provide faster customer services and would look into the user's matter of concern in a much diligent and convenient way. It helps its users to keep a real time track on the valuation of their asset and provide features for easy trading. The financial transactions made on this platform would be highly secure, as they would have the support of multiple signatures in a smart contract.

KuBitX is a digital currency trading centered. Build the most modern exchange engine and strong security level, one of the safest, fastest, and powerful platforms today. And has a professional team driven by work on the fortune of 500 companies and one of the "big four" consulting companies. Kubitx Excange performs, sets out all the basics and relationships to focus KuBitX's exchange as a vehicle to open adoption and inclusion economies for emerging markets. Moreover, all trading fees will be paid using the KBX token. Kubitx will never charge other crypto currencies unless the user does not have our tokens that will be easily obtained in their exchange.

KuBitX is here to provide transparent service to our customers; never compromising the integrity of user data.

It is currently using Etherium based currencies and later on would roll out its own currency, which would again add to the convenience of the users. They would provide almost all the financial services with the help of linked crypto currency like transferring funds, merchant processing, trading, and several others. They would help the users to keep track of their assets along with the crypto currency of other platforms. They would take all the measures needed to educate and involve people into this platform.

MISSION

They aim to offer a one-stop platform for our users. Many countries and citizens have been left behind in this new revolution called blockchain we will connect those dots and offer an excellent service using the top global organizations best practice.

VISION

The idealization 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.

FEATURES OF KUBITX PLATFORM

KuBitX has designed customized security architecture to ensure encryption keys are stored very well and Secure offline multi-signature cold wallets/vault system.

KuBitX will educate people how to take advantage of Blockchain philosophy thus enhancing financial institution.

KubitX will be creating opportunities thus developing the economy of the emerging market.

Advanced Platform

KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed in a very user-friendly manner to enable people from all regions and backgrounds get a stronghold of the ideas revolving around the Blockchain and the cryptocurrency space.

Secured Wallets

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.

For Buyers and Sellers

By targeting even the remotest people for their inclusion in the cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers worldwide.

Education

Emerging markets need more awareness on cryptocurrencies. KuBitX education focus will drive more literacy levels in emerging markets with on the ground seminars and workshops. Currently in Africa, only 4% of the continent is engaged in Crypto. KuBitX focuses on heavy education campaigns that will infiltrate emerging markets. There are 10 big emerging markets and economies in the world.

Language Diversification

KuBitX has identified that language barriers becomes issue for customer support, as a result - poor customer support ratings happen. At KuBitX, our global channel ambassador program will ensure that we have local dialect presence in each country so that customer support experience can be heightened and turn around time can be faster for responses.

Faster Transactions per Second (TPS) Speed

KuBitX competes with global rivals with current exchanges doing about 1.4 million transactions per second. KuBitX is built to trasact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.

The KuBitX Exchange is designed to operate at low latency, high throughput, and maximum uptime. This is done by integrating some features like;

KuBitX’s advanced APIs to allow integration with banking and other payment methods.
High Efficiency and performance by providing a standby instance Set-Up and active Geo-Replication to deliver at a speed of 12 Million plus transactions per second with a latency of 40-50 ns.

KUBITX EXCHANGE ARCHITECTURE

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.

SECURITY MEASURES

The KuBitX Exchange have put in some Security Measures like;

Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS).
Third-party security line by line code audit.
Blacklist feature in token contract is implemented in case of theft or hack.
Insurance of online/hot wallets.
Up to 3-Factor Authentication.
Multi-Firewall Protection.
DDoS prevention.
OWASP Top 10 Compliant.
Extended Validation SSL Certificate.

UNIQUENESS OF KUBITX EXCHANGE ECOSYSTEM

The KUBITX ecosystem comprises of the KubitX trade engines, the secure Kubitx wallets and an advanced Admin dashboard for regulating the trade activities within the exchange, providing regular baking services through the financial service providers and also creating an ambassador program to help create awareness and adoption. The kubitX aim to is to make sure that people engage in cryptocurrencies and embrace blockchain technology.

Economic integration: The integration of the local economy into the global economy is essential in this day since it will make the economy much more stable. Even though there are several risks of integrating one country economy to the global scale, the benefit will certainly outweigh the risk since there are so many benefits that can be acquired when a country chooses to do so. The linkage of the economy will be in the form of crypto exchange and fiat currencies transfer that will cover a massive part of the world. That is very important for the local economy to grow since the locals can benefit by utilizing the apps and the tech that can certainly bring more positive impact for the people.
Fast rate exchange: As one of the most important thing for the cryptocurencies world is their ability to be exchanged with all forms of fiat currencies. This is pleasant for all investors that wish their money to be converted to the token, hoping that their token value will grow in the meantime. But there is one difficult issue for this features, which is the slow rate of exchange, and the fees that have been inflicted on the user by the platform. Up to now, there is not a single standard that can formalize the exchange of token to fiat currencies, and therefore the value of a token will generally be dictated by the platform itself. The fees that have been applied by the exchange platform is also rather high and therefore making the token holder grumbling as their token worth is no longer valuable and benefit the holder.
Simple and easy to use: The most satisfying things about this apps are that the user interface, as well as the thorough services that are included in the services are very simple and easy to be used. Even the most inexperienced user will automatically understand how to conduct a transaction such as to buy a certain token, or to sell it, or to exchange it to the other fiat currencies. There are also large variations of token that you can purchase and exchange by utilizing this platform, making this platform very versatile and useful for all the cryptocurrencies player.
Customer support and multilingual: The most important thing for services that want to be spread out and covers a massive part of the world is the customer services and the features of multilingual. There are a lot of languages that are being used by many people besides English, such as the Russian, Chinese, Arabic and so forth. Fortunately the platform does these languages along with the other languages, as this platform employs about 5 languages in it. The customer services, whom will interact with you and the other user will also be able to speak those languages so that you can speak with them in your respective language. The platform has huge mission and vision, which is to encompass a large swath of the world, and therefore they need be able to grasp the market by expanding their services and integrating their services to the rest of the world. This is one step ahead of introducing the cryptocurrency to the rest of the world, and to make the token as one of the most influential money, along with the fiat currencies.
Fiat deposit and withdrawal: KuBitX with extended partnerships with payment services providers will assist users in fiat deposits and withdrawals.

BENEFITS OF KUBITX

High Scalability

The platform is highly scalable, ready to accept new features to improve our users trading experience.

Secure

They have made an extensive benchmarking with the current platforms, which allowed them to take few steps ahead, plus their security team comes from top organisations.

Blockchain

The token is initially based on the Ethereum blockchain. They plan to launch their own chain in the near future which will then be very useful to many cases such as the most common social, utility, administration, and governance problems in developing countries.

Ecosystem

As strong believers in peer to peer payment ecosystems, they believe that traditional financial systems will eventually be replaced partly due to continuous broken trust, censorship and a growing enlightenment of the populace.

Low Fees

The fees are the lowest around, it is even lower when you choose to use our native token the KBX for fees payment. Trading fee on KuBitX exchange is 0.05%, however, the users opting to use KuBitcoin(KBX) tokens as a method of payment of trading fee will get a discount of 25% compared to the original trading charges.

Trading fee = 0.05%

Trading fee using KBX token= 0.0375%

Minimized Risks

The multi-signature wallet and cold storage strategy will minimize the exposure of our trader’s funds. We have combined various strategies to secure the funds traded on our platform.

KUBITX TOKEN

KubitX will be issuing a fixed supply of 500,000,000 Kubitcoin (KBX) tokens which are based on the ERC-20 standard. KuBitcoin (KBX) token is a utility token which can be used as a method of payment for the trading fee. The token can also be used for payment of incentives and rewards within the platform. The KBX token will be used to pay trading fees on the KuBitX platform.

Token Details

Token Name: KuBitcoin
Token Symbol: KBX
Token Type: ERC20 (Ethereum)
Decimal: 18
Total Supply: 500,000,000
Currencies Accepted: ETH
Token Price: 1 ETH = 8,909.09 KuBitcoin (KBX)
Soft Cap: 10,000 ETH
Hard Cap: 25,000 ETH

Bonuses

Pre-Public Round Bonus: 20%
Public Round Bonus: 10%

Unsold Tokens: All Burned

TGE Details:

Seed Round: Ends July 16, 2018.
Pre-Public Round: 16 July - 31 August, 2018
Public Round: TBC

Token Allocation

ROAD MAP

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)

TEAM