INTRODUCTION

The introduction of bitcoin led to the many cryptocurrencies, the main idea behind cryptocurrency is to secure and anonymous way to transfer currency from one person to another. To further develop this anonymity, Satoshi Nakamoto developed a digital ledger of bitcoins transactions called Blockchain. However, the influx of people into the market has made an astronomical rise of cryptocurrencies like Bitcoin and Ethereum, hence made cryptocurrency market popular.

Trading cryptocurrencies has been another challenges which many are yet to understand. Many always get scared due to the risk involved in trading cryptocurrency. Moreso, many of the current exchanges are not making trading easy for traditional investors to come and participate in trading activities. So many exchanges spring up day by day yet with all sorts of challenges. Problems like insecurity for investors’ fund, market manipulation, lack of liquidity and little or no awareness.

REVERSAL OF CRYPTOCURRENCY EXCHANGE ECOSYSTEM

Security: This is the biggest threat to cryptocurrency exchanges, many times exchanges face security issues as a result of hackers who sends Trojans and malicious links to exchanges which leads to many investors fund been stolen.

Manipulation: The lack of regulation on the way trades are being operated on exchange give room for market manipulation of prices, this is common in many exchanges and it is the major challenges faced by exchanges. These manipulations are done by whales; they pump and dump coins for their own benefit.

Lack of liquidity: This is also a challenges to exchanges, due to lack of liquidity, sometimes orders are not been quickly placed due to low supply and demand of some coins thereby leaving traders to wait for required buyer/seller to come on the exchange.

Poor customer support: This has to do with ineffective customer support. Many users always complain of poor user experience due to the non-responsive customer support provided by many exchanges. This is caused by lack of efficient and effective management staff to handle loads of request.

SOLUTION TO AFOREMENTIONED CHALLENGES

To provide the lasting solution to the aforementioned problem, KUBITX was created to proffer solutions by creating the most advanced and large cryptocurrency trading platforms designed to make trading easier and accessible to users while educating people of different field of professions and businesses around the world to key into blockchain technology and invest in cryptocurrencies.

WHAT MAKES KUBITX TO STAND OUT

Processing Speeds: With the use of Golang and the advanced architectural design, Kubitx aims to start with transaction speeds of 12m+ (million) per second with an aim to upgrade to even higher transactions per second milestones, compared to other exchanges of 1.4m average speed processing.

Fiat deposit and withdrawal: KuBitX with extended partnerships with payment services providers will assist users in fiat deposits and withdrawals.

Customer Support: KubitX exchange ecosystem aims to offer 24hr online customer support to help users resolve issues. Kubitx also plans an amount of its fund allocation towards strengthening its customer support.

Ease of use: The kubitX exchange will be user friendly; the exchange will also offer a seamless integration of the user with the overall framework of the exchange and its functionality. New beginners will be able to participate and trade within the exchange.

Multi-Lingual: The kubitX exchange will offer 5 different languages which will help users to benefit from the services offered by kubitX.

With the innovation of the KubitX Global Channel Ambassador, it will help educate people about Blockchain technology and thereby enhancing adoption by masses

With the innovation of the Anti Market Manipulation (AMM) tool on the KubitX platform, liquidity will be improved and the cost of transaction will also be reduced.

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 therefore enhancing financial institution.

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

KBX 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.

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

ICO

PRE-PUBLIC ROUND

MINIMUM ENTRY => 25 ETH

PRICE PER KBX => 0.0001122 ETH

BONUS =>20%

PUBLIC ROUND

MINIMUM ENTRY=> 0.25 ETH

PRICE PER KBX =>TBC

BONUS =>TBC

Token Distribution

For Private Sale : 36%

For Founder and Dev Team : 23%

For KuBitX Investment Fund : 20%

For Public Sale : 16%

For Advisor and Partners : 3%

For Bounty : 2%

Funds Allocation

Funds Allocation KuBitX

Liquidity : 30%

Technology : 15%

Promotion : 15%

Operation : 12.5%

Legal : 7.5%

Partnerships : 5%

ROADMAP

MEET WITH TEAM

PARTNER

CONCLUSION

Kubitx exchange will be making trading faster, easier, and more secured, no doubt it will also help in educating people on the benefit of investing in cryptocurrencies which will leads to improvement and adoption of blockchain technology.

For more information on project, please kindly visit the below website: