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INTRODUCTION
Approximately 2 billion people worldwide are unbanked – do not have bank accounts – and yet cash transaction represent about 95% of all transactions in some countries. The World Bank estimates that a third of these 2 billion unbanked people are from Sub-Saharan Africa. It is however pertinent to note that a large number of these unbanked people posses smart phones, which provide them with a means to keep a digital wallet and store currencies.
Since the rate of adoption of the Cryptocurrency worldwide is still less than 3%, there is still a lot more room for growth. Cryptocurrency has received much attention globally in recent times and is the perfect way to bring financial services to everyone regardless of location or income. cryptocurrencies offers solution to people who do not have access to good local banks .
Sub-Saharan Africa despite its challenges has a huge market with great potentials. KuBitX aims to educate and create awareness of the cryptocurrencies by having structures such as country ambassadors in various African countries and also provide access to financial services to a large section of the African population, thus improving the quality of living.
WHAT IS KUBITX
KuBitX is a cryptocurrency trading platform designed in a user friendly manner to aid people from all regions and backgrounds embrace the idea of simplicity and accessibility of the blockchain technology and invest in cryptocurrencies. KuBitX goal is to become the most diversified cryptocurrency market for buyers and sellers by targeting even the most remote people for inclusion into the cryptocurrency market.
PROBLEMS KUBITX AIMS TO SOLVE
KuBitX was created to combat the crucial short comings present in the Cryptocurrency exchange system with the conviction that the Cryptocurrency ecosystem has a lot more to offer. The following are some of the major problems that caught the attention of the founders and prompted them to come up with the solution – KuBitX.
Lack of mature ecosystem: despite the rapid growth of the cryptocurrency with a market cap of around $300 billion, the market is still relatively immature. The lack of regulations on trading operations has allowed whales – individuals with large cryptocurrency holdings – to manipulate prices of some cryptocurrencies thereby affecting other traders negatively.
Friction in dealing with fiat currencies: exchanging cryptocurrencies for fiat currencies has become a persistent issue with limited solutions that has led to delays thereby causing the market to be unprofitable for traders.
Customer service standard: poor customer service has led to a myriad of complaints from many less-than-pleased customers that patronize most exchange platforms.
Security: from inception, the cryptocurrency market has been besieged by the activities of hackers and cybercriminals who take advantage of the vulnerabilities present in these exchanges.
Lack of awareness and education about the blockchain and cryptocurrency market
KuBitX aims to provide sustainable and progressive solutions to these problems through thorough and diligent effort.
KUBITX AND THE CURRENT CRYPTOCURRENCY EXCHANGE SYSTEM
With thorough market research KuBitX has gained ample insight of how the cryptocurrency exchange ecosystem works. Taking into account the unique selling points of the top 5 exchanges, KuBitX has visualized and improved on the following aspects:
KuBitX aims to carry out over 12 million transactions per second surpassing the average processing speed of 1.4 million transactions per second by other exchanges.
To assist users with deposits and withdrawals of fiat currencies, KuBitX will partner with payment services providers
A 24-hours customer support service will be provided for users through a customer support hub, the Global Channel, to support customer engagement.
The KuBitX platform will be simple and easy to use, such that even the most inexperienced users will understand how to conduct transactions on the platform.
To enable more users benefit from the services rendered by KuBitX, the services will be offered in 5 major languages.
TOKENOMICS
Token name. : Kubitcoin (KBV)
Token type : ERC-20
Total supply : 500,000,000
Price : 1 ETH = 8,909.09 KBX
Currency accepted : ETH
Soft cap : 10000 ETH
Hard cap : 25,000 ETH
Pre public round bonus 20%
Public round bonus 10%
Unsold tokens : All burned
CONCLUSION
KuBitX plans to take advantage of the hugely untapped potentials in the African market to introduce cryptocurrency trading, while providing traditional financial services at the same time. The platform is fast, easy to use, multi lingual and secure which makes it very reliable and adoptable for all users on the trading sphere.
For more information about Kubitx project, kindly visit any of these essential links
Official site - https://kubitx.io/
ANN THREAD - https://bitcointalk.org/index.php?topic=4628365
WhitePaper - https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf
Twitter - https://twitter.com/kubitx
Facebook - https://www.facebook.com/kubitx/
Telegram - https://t.me/kubitx_official
Author
Username: Emmy2nelly
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=2303956
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