Al Muhaimin: KubitX Aims To Offer A One-Stop Platform For Our Users.

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KuBitX is one of the most advanced and powerful cryptocurrency trading platforms designed in a very user-friendly way to enable people from all regions and backgrounds to get a fortress of ideas revolving around the Blockchain and cryptocurrency space. Built to transact at 12 million transactions per second. Avoid crashing into exchanges, creating more to trade at faster speeds.

KubitX Concept

KubitX aims to offer a one-stop platform for our users. Many countries and citizens have been left behind in a new revolution called blockchain, we will connect these points and offer the best services using top global best practice organizations.Platforms that change this game not only become other cost makers, even all trading fees will be paid using our tokens. We will never charge fees in other crypto currencies unless the user does not have our tokens that will be easily obtained in our exchange. We are here to provide transparent service to our customers; never sacrifice user data integrity. 

KuBitX is a centralized cryptocurrency exchange. Build the most sophisticated and powerful trading engine, one of the safest, fastest and strongest platforms today. Founded by a team of results-driven professionals working in top fortune 500 companies and one of the "big four" consulting companies.

KuBitX Business Model

The KuBitX business model consists of revenue streams coming from commissions on market trading and management fee. This section will detail how the revenue stream and KuBitcoin (KBX) tokens have been integrated into the system, giving an idea as to how the KuBitcoin (KBX) token holders will be rewarded.

25 % discount on using the KuBitcoin (KBX) token – KuBitcoin (KBX) tokens have the utility of acting as a method of payment for the trading fee. Plus, the users opting to use KuBitcoin (KBX) tokens as a method of payment of the trading fee will get a discount of 25% compared to the original trading charges.

Payment processing fee - KuBitX will offer direct withdrawal to the bank account of a user requesting liquidity in fiat by enabling them to exchange KuBitcoin (KBX) tokens for Fiat on the levy of a Payment Processing fee of 2.5%.

Vision and Mission

Our 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.

The ideation 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. KuBitX aims to leverage the emerging technology to move forward in the vision and mission that we have.

Problem

Due to some crucial shortcomings in the present Cryptocurrency exchange ecosystem, they came up with the idea to create a new cryptocurrency exchange. Some of the shortcomings are:

Lack of a mature ecosystem, Lack of regulations on the way trades operate on the exchange often allows “whales” to manipulate the prices of certain currencies which is against the interests of other traders. Despite the cryptocurrency space growing rapidly and currently having a market cap of about $300 billion the trad-ing ecosystem is still premature. There are several exchanges which suffer from serious liquidity concerns and many charge high trade fees which are very expensive to many people around the globe.
Friction in dealing with fiat currencies, Often getting liquidity in fiat currencies against crypto assets is a hassle and leaves currency holders at the mercy of market volatility which often can lead to people losing out on money due to delayed processing either by the exchange or the banks.
Lack of good customer support, Traders often complain of bad user experience due to the non-responsive customer support provided by many exchanges. Often it is either the lack of management staff to handle the requests or a lack of will which leads to a poor customer support. We identified that most of the exchanges do not spend enough on customer support.
Security issues, The cryptocurrency space is often being bombarded by hackers who try to use the vulnerabilities present in the exchanges to their benefit. Many exchanges in the past have suffered cyber attacks which has led to losses in the order of billions of dollars. Often, not following the industry standards and neglecting the basic rules of cyber security allow for such attacks to happen. Thus exchanges do have a huge responsibility on their shoulders to protect the hard earned money of their customers.
Lack of awareness and education among the masses leading to a low adoption rate, Due to a lack of education and knowledge about the Blockchain and cryptocurrency space, people are reluctant to be a part of the cryptocurrency ecosystem which has led to the market being dominated by a select group of traders who are able to manipulate the market at will. This fluctuation and volatility further lowers the rate of adoption of cryptocurrency trading.

Solution

They came up with an idea that they can provide sustainable and progressive solutions to the above stated problems through comprehensive planning and diligent work and to educate, enable and engage people from emerging markets in the cryptocurrency ecosystem.

KuBitX Features

The secure KuBitX wallet system and dashboard, which is very easy to use and will meet all your needs and questions.
Trading fees are as low as 0.025% and can be paid using KuBitX tokens, which are easily converted into crypto currency as well as Fiat money.
24/7 customer support system supported by a very capable team.
The user-friendly web interface is very easy to use and will provide proper training even for beginners about functionality and ecosystem frameworks.
A global network offering services in five different languages.
KuBitX will soon launch its mobile app that can be used on Android and iOS.
A highly scalable platform with emerging new features developed to enhance the user experience.

Some of the Key Security Features Include

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

Advantages of KuBitX

High Scalability, Our platform is highly scalable, ready to accept new features to improve our users trading experience.
Secure, We have made an extensive benchmarking with the current platforms, which allowed us to take few steps ahead, plus our security team comes from top organizations.
Low Fees, Our 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 Risk, Our 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.

Token and ICO 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

Pre-Public Round Bonus: 20%

Public Round Bonus: 10%

Unsold Tokens: All Burned

TGE Details

Seed Round: Ongoing. Ends July 16, 2018.

Pre-Public Round: 16 July - 31 August, 2018

The KBX token will be used to pay trading fees on the KuBitX platform.

How KuBitX Different From Other Exchanges?

Fiat deposit and withdrawal : Though cryptocurrencies are emerging as a means of exchange and store of value, fiat currencies still have a large share of domination as a medium of exchange. Thus, KuBitX with extended partnerships with payment services providers will assist users in fiat deposits and withdrawals.
Customer Support : KuBitX is being built keeping the community and users at the center. Thus, kubitx aim to offer 24hr online customer support to be at the service of their users consistently. A customer support hub to be set up using the Global Channel Team to support tailored customer engagement. KuBitX also plans a sizeable amount of its fund allocation towards strengthening its customer support
Processing Speeds : The above exchanges have an average processing speed of 1.4m transactions per second. KuBitX will start with transaction speeds of 12M + (million) per second with an aim to upgrade to even higher transactions per second milestones. This would be achieved by using Golang with the advanced architectural design
Ease of use : Not only kubitx are working hard to develop a user-friendly web interface for kubitx users, kubitx training platform will offer a seamless integration of the user with the overall framework of the exchange and its functionality. The training will consist of Beginner, Intermediate and Professional levels to allow a vast section of users to participate