The world has come a long way with the security of fiat currency; from saving money in pots, holes and various hidden places in the home to trusting their little bits and pieces of gold with goldsmiths and finally depositing their money in banks. The change in storing money has been huge up till this moment. However, despite how crazy and ridiculous it seems, there are still several people who don’t store their money with the banks because of reasons ranging from fear of liquidation of banks to simply not trusting the banking system. With the introduction of digital money, cryptocurrency, a lot of problems concerning financial institutions
KuBitX is a cryptocurrency trading platform aimed at targeting the vast number of internet users who aren’t yet involved in the cryptocurrency world. They intend to do this through their trading platform which is tailor suited to the cryptocurrency layman and is simple, user friendly and easily navigatable. The belief is that the simple layout of their platform will encourage internet users to venture into the world of cryptocurrency thereby propelling cryptocurrency towards being adopted as the world’s first decentralized currency.
KubitX is an ecosystem that includes the KubitX Trade Engine, the KubitX wallet and a dashboard embedded in the account of every profile on the KubitX trading platform.
KubitX is taking a new approach that none other exchange has ever taken. Remember the Blade movie, where the protagonist had a certain quality; he took the strengths and dropped the weaknesses of both the humans and vampires thereby becoming stronger than both vamps and humans. Well that’s what KubitX intends to implement in a nutshell. It’s studied the strengths of the top cryptocurrency exchanges and what attracts people to them. With the combination of these strengths, KubitX are positive of creeping and finally mass adoption when they launch. These strengths include insane transactions speeds (an average of 12 million transactions per second); higher than that of top crypto exchanges, a super-simple interface, and a multi lingual service for users from different countries.
In the wider sense of it, KubitX has a vision of a world; one where cryptocurrency is heavily adopted and used by a significant part of the world’s total 7 billion population, one in which security and hacking issues of online exchanges become a thing of the past and people can fully trust cryptocurrency as a replacement for fiat currency and can safely trade and secure their cryptos on exchanges, a world where economies of developing countries (countries where the level of the unbanked is high) is grown to a considerable level because of the singular elimination of inflation by cryptocurrency.
KubitX will have its own token, the KubitCoin (KBX). KBX will have a total supply of 500,000,000. The token is ERC20 compliant. All tokens not sold during the ICO will be burnt. The only currency accepted for the ICO is ETH. The soft cap to be reached is 10,000 ETH and the hard cap to be reached is 25,000 ETH. Team tokens will be locked for a long period of time to ensure maximum dedication and commitment from team members as KubitX develops.
To get more information about KubitX, visit the links below
ANN Thread: https://bitcointalk.org/index.php?topic=4628365
Author Username: DJHaywire
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035