KuBitX: Cryptocurrency Trading for Everyone
The recent cryptocurrency boom has certainly taken the entire world by storm. People in the developed countries have been rushing to purchase their own section of the blockchain. However, its rise to popularity has been so abrupt that it has left people in their wake and has chugged on with a number of problems.
The problems include security issues, with the blockchain highly susceptible to receiving attention from hackers. Moreover, there seems to be lack of proper customer support throughout the cryptocurrency market, with customers often being frustrated at the lack of interaction with the companies they buy from. More troubling problems include a lack of proper trading ecosystem.
The introduction of cryptocurrency has been so abrupt, the channels required for smooth and efficient trading were not developed. Moreover, cryptocurrency constantly sees friction in dealing with fiat currencies, with exchanges being a hassle. Amongst this all, cryptocurrency has found it hard to take root amongst the masses, with the majority of people all over the world remaining ambivalent to it.
This is where KuBitX comes in.
What is KuBitX
KuBitX is a company consisting of individuals with years of working experience in some of the world’s biggest and most prestigious corporations. Many of our employees have sent years working in the “big four” consultancy firms, along with other top corporations. Now, we are all coming together to provide a service that helps the places we come from. We aim to utilize the knowledge we have accrued from the top businesses of the world in order to empower our own countries and other developing regions with an incomparable cryptocurrency service.
How KuBitX Has Changed the Cryptocurrency Ecosystem
KuBitX is very new to the blockchain, but due to our well planned out policy and the strength of our employees, we have been able to bring the following innovations to the cryptocurrency industry:
All normal cryptocurrency exchange services offer transaction speeds of up to 1.4 million transactions per second. On a blockchain where a large number of people are looking for transactions at any moment, this speed happens to impede them. KuBitX has already started offering speeds of 12 million+ transactions per second to ensure nothing impedes a customer.
No matter how popular cryptocurrency might become, fiat currency will keep its worth. Indeed, most exchanges in cryptocurrency do involve fiat currency, which ends up causing problems at times for both customer and service. In an unprecedented move, KuBitX has partnered with fiat currency exchanges to ensure that you face no problem in any exchange whatsoever.
Unlike most other cryptocurrency exchange services, KuBitX brings its customers a 24/7 online support service that ensures that customers receive the very best care and support.
Ease of Use
Beyond working on improving the user interface on our platforms and applications, we try to have our customers immerse themselves in how the platforms functions. We provide a wide range of functions in a number of different languages. Offering up to five different languages, we offer a multi-lingual service to be used by people everywhere, compatible with both iOS and Android.
The Issues that Emerging Markets Face
A reason why cryptocurrency has found it hard to take a foothold in emerging markets is because of the lack of a traditional banking sector in those areas. More than 2 billion people all around the world were unbanked in 2017 according to the World Bank. In sub-Saharan Africa, 66% of all individuals have never utilized a banking service. In places where banking itself is a nascent concept, the idea of cryptocurrency cannot take a foothold. However, these emerging markets are exactly the places KuBitX aims to facilitate and empower with its efficient and innovative service.
KuBitX’s Vision and Mission
Aiming to empower sections of the world that lack it, KuBitX has a distinct vision and mission that is based on our ideals. They involve:
We aim to inform more people about the flexibility and ease of access that cryptocurrency provides. We aim to educate developing countries and emerging markets about its benefits and spread the knowledge of its uses as far as we can.
Liquidity is a necessity in about any single business or service. In cryptocurrency, it needs to play a bigger role in order to provide security to the people investing in it. KuBitX aims to provide innovative liquidity services and make them a staple for cryptocurrency.
Security is one of cryptocurrency’s weakest aspects. It is something that deters many people from doing business using cryptocurrency. KuBitX aims to ensure that your investments and your money is protected by only the best security systems in the world and kept safe from all hackers.
Cryptocurrency is all about removing the third man and making business flow P2P. Although the third man still exists in transactions, KuBitX wants to remove it altogether and deliver on that promise quickly.
Ours is a company that aims to aid the emerging markets it is going to work in. With our efficient and unique service, we aim to develop those emerging markets economically.
What Makes KuBitX Different
To fulfill our vision, we have brought together unique ideas. The first one is that of an Ambassador that will travel to different areas and engage the people there to relay the importance of our service through talks, events, and many more activities. Secondly, with our strategic partnerships with banks and other traditional financial institutes, we aim to enable each and every person to be able to exchange money, transact money, and utilize it at high speeds without anything interfering with their plans.
The Business Model of KuBitX
KuBitX offers customers the following business models:
- 25 % discount on using the KuBitcoin (KBX) token, with the token acting as a method of payment for the trading fee.
- Payment Processing Fee – offering direct withdrawal from a bank account and enabling people to exchange with Fiat currency, with a 2.5% processing fee.
- Project Initiation
- Project Feasibility Study
|Q1 – Q2 2018
- Project Engagement
- Team Structuring
- Legal Process For Incorporation In Malta
- Whitepaper Creation (First Draft: Business)
- Angel/Seed Investor Engagements
- Project Execution
- Launch of Kubitx Channels Ambassadors (Flagship Countries)
- Start of Private Round of TGE
- Exchange Soft (Beta) Launch
|Q3 – Q4 2018
- Project Execution (Contd.)
- Phase 1: Financial Services Integration with Kubitx
- End of Private Round
- Exchange Go-Live
- Public Round of TGE
- Global Promotions
|Q1 – Q4 2019/2020
- Project Add-Ons
- KubitChain – Kubitx Exchange now on Kubitx Blockchain
- Platform Redesign
- Continuous Improvement
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