KuBitX Review

Advantages of the Project

High scalability; The tokens were originally based on Blockchain Ethereum. We plan to launch our own chain in the near future which will then be very useful in many cases, such as the social, utility, administrative and governance problems most common in developing countries.

Very low cost !: Our platforms present competitive competitive costs that will be even more economical and more convenient when using our token.

Sure: We have made extensive reference points with the current platform, which allows us to take some steps forward, in addition our security team comes from a superior organization.

Ecosystems

As supporters of the peer-payment ecosystem, we believe that the traditional financial system will eventually be partially replaced due to always destructive beliefs, censorship and enlightened communities.

Minimized risks: our strategy of safe storage and multi-signature wallet will minimize the exposure of our merchant. We have combined several strategies to ensure the funds negotiated on our platform.

Business Model

KUBITX's business model consists of revenue streams from market commissions and management fees. This section will explain how the revenue stream and KuBitcoin token (KBX) has been integrated into the system, giving an idea of how KuBitcoin token (KBX) holders will be rewarded.

25% discount for using KuBitcoin tokens (KBX): KuBitcoin tokens (KBX) are easy to use as a payment method for negotiation costs. In addition, users who choose to use KuBitcoin tokens (KBX) as a method of trading commissions will receive a discount of 25% compared to the original commercial rate. If the accounts receivable are NEO, we will calculate the exchange ratio of NEO to KBX at the market price, based on the market price of NEO / BTC and KBX / BTC. Exchange rate NEO / KBX = NEO / BTC [price Market] / (KBX / BTC [market price]). The KuBitX update cycle for the market price is 1 second.

EFFICIENCY AND PERFORMANCE

KuBitX’s market exchange trading platform is a proven fast, high-volume and low-latency exchange engine. This exchange platform will be hosted on high availability IT infrastructure, thus, enabling fault-tolerant architecture with guaranteed 99.995 percent uptime. In order to provide a fault-tolerant architecture, a standby instance setup has been planned with active data replication. This standby instance will start as an active instance, in case the primary exchange goes down due to any reason. Active geo-replication will provide database redundancy and a low-latency platform for the end-users. Geo-targeted load-balanced environment for the trading front-end has also been planned for deployment. A high-level exchange and infrastructure diagram below indicates the planned setup of the platform. KuBitX has come up with a Trade Engine which delivers a speed of 12 Million plus transactions per second with a latency of 40-50 ns.

WHAT MAKES US DIFFERENT?

KuBitX has been developed not just as a trade engine but an engine for growth and development of the emerging markets assisting in financial inclusion, financial education and Blockchain adoption by the people. We strongly believe that KuBitX has the potential to reach the emerging regions and educate the citizens with little or no access to Blockchain based services and adoption and offer multiple crypto to fiat exchange and paring.

Website : http://www.kubitx.io/

EXCHANGE ARCHITECTURE – KuBitX

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.

HOW KUBITX WILL BENEFIT YOU?

· HIGH SCALABILITY

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

· BLOCKCHAIN

Our token is initially based on the Ethereum blockchain. We plan to launch our 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.

· 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%

· 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 organisations.

· ECOSYSTEM

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

· 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.

ABOUT KBX TOKEN

Ticker KBX

Token Type ERC20 (Ethereum)

Decimal 18

Total Supply 500,000,000

Currencies Accepted ETH

Soft Cap 10.000 ETH

Hard Cap 25.000 ETH

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

Website : http://www.kubitx.io/

Whitepaper : https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf

Twitter : https://twitter.com/kubitx