KubitX is a global hybrid digital asset exchange with focus on the emerging markets. Its built to be a one stop platform for the users. Many countries and citizens have been left behind in the blockchain revolution especially from Africa and hence we decided to make Africa as our first roll-out continent. We are hybrid as we plan to leverage on the technology behind the Blockchain to solve prevalent problems within Africa around payments (local and international), Trade Financing and Remittances. The KuBitX Ecosystem will support digital currency to fiat handshake to get transactions done using the TRANSPARENCY, SPEED, SECURITY AND IMMUTABILITY of the underlying technology.
KuBitX is one of the most advanced and robust digital currency trading platforms designed in a very user-friendly manner to enable people from all regions and backgrounds get a stronghold of the ideas revolving around the Blockchain and the digital currency space. It is built to transact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.
Contained within the KuBitX ecosystem are the KuBitX Trade engines, the secure KuBitX wallets, and an advanced Admin dashboard for regulating the activities within the Trade Exchange.
By targeting even the remotest people for their inclusion in the digital currency market, our goal is to become one of the most diverse digital currency marketplaces for buyers and sellers worldwide.
Emerging markets need more awareness on digital currencies. KuBitX education focus will drive more literacy levels in emerging markets with on the ground seminars and workshops. Currently in Africa, only 4% of the continent is engaged in Digital currencies. KuBitX focuses on heavy education campaigns that will infiltrate emerging markets. There are 10 big emerging markets and economies in the world.
KuBitX has identified that language barriers becomes issue for customer support, as a result - poor customer support ratings happen. At KuBitX, our global channel ambassador program will ensure that we have local dialect presence in each country so that customer support experience can be heightened and turn around time can be faster for responses.
KuBitX competes with global rivals with current exchanges doing about 1.4 million transactions per second. KuBitX is built to trasact at 12 million transactions per second. Avoiding exchange crashing, creating more to trade at faster speed.
Our platform is highly scalable, ready to accept new features to improve our users trading experience.
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.
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.
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.
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%
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.
Entrepreneur/Blockchain Educator. Blockchain/digital currency Advocate and Educator. Founder of Digitalkudi.com digital currency trading platform in Nigeria and Ghana. Former Lead Technical Account Manager at Huawei Technologies
Amadeu Alexandre is an IT professional and blockchain evangelist with cross-industry experience which spans over 9 years with main focus in Information Technology and Oil & Gas having both offshore and onshore experience in multicultural environment. He is also an active digital currency trader and the co-founder of AngoBit, the first Angolan B2B trading platform. He currently works with British Petroleum in Angola and is an active member of the Angolan digital currency Community.
Blockchain consultant and entrepreneur. 18+ years experience in managing multi-million dollars programs and ICT consulting experience with DELL, EMC, VCE, Cisco, MTN, and Huawei. Master of Business Administration (MBA) Finance. Successfully delivered one of the first SIM Registration solution for one of the largest telecoms Company- MTN with over 60 Million subscribers. Led Data Center Build for Uganda Revenue Authorities - URA and other Global Projects in the Americas.
Technology Consultant at PwC. Over 8 years experience in Audit and taxation. Works with PwC as Technology Consultant for 8 years where he built a number of internal business tools and facilitated the adoption of new technologies to improve work efficiency. He led the team that designed and developed the tax system ency-clopedia for one Africa’s largest countries. He is a technology enthusiast and an active digital currency trader.
Thomas is a Co-Founder, ICO Investor and a Blockchain Advisor. He holds an M.Sc. in Information Technology and a First Degree in Electrical and Electronics Engineering. He is a Blockchain Enthusiast and a digital currency Investor. An alumnus of Lagos Business School where he studied Strategy; Mastering Blue Ocean Strategy. He holds a Telecoms Mini-MBA from Informa Telecoms and Technology Academy, United Kingdom. With about 15 years of extensive experience in the Telecommunication and Information Technology industries both in Nigeria and abroad, he is a strong believer in the power of Blockchain and the frictions it resolves worldwide. Among other businesses, he is the Chief Operating Officer of LIFTIX LLC; a Blockchain StartUp based in Lagos, Nigeria, owners of the VITR Identity Verification Network (VTK). Thomas is a Member, Board of Directors at International Decentralized Association of digital currency and Blockchain - IDACB and Country Manager, European Chamber of Distributed Ledger Technologies and Digital currencies - EUCC.
Blockchain and Digital Assets enthusiast. An experienced Community Manager. Have managed extremely successful token sales across diverse regions. 13 years Project management experiences across various organizations including ABB and Nairda. Founder and CEO of AGES limited in Nigeria.
With over 8 years experience in advanced Cyber Security and currently an Information Security consultant, Blockchain enthusiast and Tech-head. Currently leads a Team to deliver and manage complex defense security projects in one of the largest Telecom provider in Africa.
Entrepreneur and early digital currency adopter and advocate. digital currency trader/miner, ICO advisor and Blockchain consultant. Founder of CryptoTraders Za Pty Ltd, a leading digital currency training provider in South Africa. She majored in Finance and Economics at the University of Cape Town and holds an honours degree in Financial Analysis and Portfolio Management. She has worked at a top South African bank and as a Business Process Analyst for a large FMCG organisation.
Digital Service and Marketing Expert. Blockchain enthusiast. Over 12 year’s global experience in marketing, project management and digital service. Former lead of Huawei Technologies Digital Services. Successfully designed and implemented some of the most innovative and successful digital services across Africa, Middle East and Asia. Equipped with an MBA from the University of Liverpool and Executive Education from the Harvard Business School.
Grant is an Illinois-licensed attorney with over 15 years' experience in entertainment, employment, contract, corporate and intellectual property law. LinkedIn He started investing in Bitcoin in 2013, and is currently a Member of International Blockchain Consulting Group's Blockchain Leadership Team. He regularly advises ICOs about U.S. securities laws and has drafted/contributed to several whitepapers. He also co-founded Antipodal Talent 美中人才, which is a talent management agency for Chinese Internet celebrities.
Founder of Peak Technology which owns one of the biggest overseas Chinese online community in Australia and NZ with over 600,000 members and over 80,000 daily active users. Jack has rich experience in community management, internet technology. Back up with over 4 years experience with IBM and Siemens and a masters degree from the University of Wollongong in Australia. Jack will help us taking KubitX to a new heights.
Alakanani Itireleng is the founder of a blockchain hub in Botswana called Satoshicentre (satoshicentre.tech). She founded the centre where she currently works with developers to try bring the understanding of Bitcoin and the Blockchain technology, and thereby getting the developers in Botswana involved in this technology by working to bring solutions to the problems that are faced by Africans in every day life. The centre is currently building a croWdfunding platform on the blockchain for startups in Africa. What started only as a passion and love for Bitcoin turned into a lifestyle of adopting the blockchain technology as one of the technologies that if used well can be of great importance to the problems we face in africa from from vote rigging to land registration. She is also a well known bitcoin evagelists who since 2013 has been involved in teaching people in her country about bitcoin and blockchain, and has spoken about bitcoin and blockchain in various tech conferences.
Ugo Nduaguba is a seasoned ICO investor and advisor. He is a co-founder of Cryptocollective - a company that specializes in ICO advising and Masternodes. Ugo is also part of the "Diary of a Made man" series, which is a blockchain based show that shows the in and outs of key decision making within the blockchain industry. A former financial analyst and options trader, Ugo brings a strong financial acumen to the digital currency industry with an emphasis on token metrics and profitability.
How can I get the KBX token?
You can get the KBX token during the Private or the Crowd contribution rounds, stay tuned on our website and social media channels.
Where can I store the KBX token?
The KBX token is an ERC-20 compatible token hence, it can be stored either on our platform or any other ERC-20 compatible wallet where you have control of the private keys.
Is KBX a security token?
No, KBX is a utility token used as the native token for the KuBitX ecosystem.
What will be the primary use of KBX token?
The KBX token will primarily be used to pay the trading fees in the KuBitX platform and further use cases stated in our whitepaper will be implemented gradually.
Why did you choose Ethereum blockchain?
The Ethereum blockchain is very flexible compared to other smart contract platforms plus it offers good usability for new users to interact with ERC-20 compatible tokens
Is your smart contract ready?
Yes, it is ready, and the code is available on GitHub.
How secure is your smart contract?
Our smart contract is as secure as any other common smart contract developed by a team of very experienced professionals and audited by third-party industry leaders.
Is KBX going to be trading on other exchanges?
Yes, in the long term we will list the KBX on other platforms.
When can tokens become tradeable on exchanges?
Tokens will be tradeable from September 2018. Precise dates will be announced
Do you plan to create your chain?
Yes, KuBitChain will be our multi-use blockchain in the near future.
Why did you decide to create an exchange?
We decided to create an exchange because exchanges will be the principal impetus for the transformation and significant change the Blockchain technology seeks to accomplish. It is anticipated that in the following 10 years all the sectors will have their own tokens hence the demand on exchange to give Transparent, Smart, Fast, Secure, Reliable and most straightforward methods for drawing in the group will be high, subsequently our choice to be early adopters and push for mass appropriation with our one of a kind brand of giving mass adoption through education on the most proficient method to trade utilizing our platform.
What makes KuBitX exchange different from other exchanges?
The distinction will be our human way to deal with the business. We will in addition to other things give, transparency to exchanging, the speed of transaction, security, responsive client support and a really worldwide trade regardless of your geographic area. First Digital Assets Exchange with an in-built Financial Services Provision. First Digital Assets Exchange with a unique product to drive education and adoption for the emerging markets. Trade Exchange will be ready on or before the crowd contribution round of TGE
Why Should I trust KuBitX exchange?
The founders and team of KuBitX, have had the opportunity of working with fortune 500 companies and excelled, the same values that kept us in those companies are what we have put together to build this long-term exchange to bring confidence, transparency, trust, security, education for our users to get real-time value by trading digital currency and as emphasized time and again our value strongly remains Transparency. We also believe you will play a role in ensuring that we remain relevant in the industry by helping us with feedback and suggestions to offer cutting-edge products.
What security measure are you going to put in place to secure traders funds?
KuBitX has identified and reviewed the industry best practices regarding security measures and designed our platform to include top-level security features to safeguard both the client’s funds and trading operations from hostile penetration attempts.
Some of the key security features include:
- Secure cold storage with cold wallet management digital currency Security Standard (CCSS)
- Third-party security line by line code audit by the NCC group
- Insurance of online/hot wallets
- Up to 3-Factor Authentication
- Multi-Firewall Protection
- DDoS prevention
- OWASP Top 10 Compliant
- Extended Validation SSL Certificate
Do I need KYC/AML approval to trade on KuBitX exchange?
Yes KYC/AML approval shall be required for users of the exchange.
When will the exchange go live?
The exchange is planned to be launched as follows
Exchange Beta Launch: - August 6th, 2018
Main Exchange Launch: - September 10th, 2018
What financial services will KuBitX provide?
Our strategic partnerships with banks and payment providers are helping us to create a full-service financial institution with digital currency integration. This entity will provide all of the traditional banking services and more:
- Funds transfer (wire and peer-to-peer)
- Payment processing
- Merchant servicing
- Debit cards
- Bill payment
- Debit cards
- Issuing credit
Are there additional services KuBitX will provide?
Additional service offerings:
- Track and spend digital currencies in a single account.
- To connect their account with any existing digital currency trading platform.
- Securely recover their account if the private keys are lost.
Users will have the ability to link their digital currency trading accounts directly with their financial services account. This creates a comprehensive account equipped to interact seamlessly with the emerging digital currency economy.
How many coins will be listed on KuBitX?
KuBitX will have a seamless listing procedure and will list as many coins as possible, the details of this will be made known at a later stage as coin listings are not announced until a deal is signed with the coin owner.
Is there any regional restriction for trading on KuBitX exchange?
We have decided to restrict members from USA and China from registering on our exchange due to the uncertain regulatory landscape within these countries. This restriction may change in the future, and we will be announcing if anything changes. To ensure that there is compliance to this restriction, we are carrying out full KYC and AML for all users.
What are the trading fees on KuBitX exchange?
Trading fee on KuBitX exchange is 0.05%. However, the users opting to use KBX tokens as a method of payment of the 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%
Is KuBitX exchange going to be regulated?
Yes, once we go live, we will work towards that to become a compliant organisation.
Is your exchange going to be successful?
Giving the markets, we are targeting and the features of our exchange, we strongly believe that our exchange will be successful as we are creating a system that will bring about mass education and mass adoption of digital currency in the emerging markets
What about the Team?
KuBitX team is a multi-diverse team with one purpose of collaboration and partnership to bring to the world, the fastest, transparent all-inclusive exchange. An All-Star team from global fortune 500 companies ranging from E-Commerce, IT, Infrastructure, Oil & Gas. (Google, Amazon, Dell, PWC, Huawei etc). A significant part of founders and team members are based out of Africa which is viewed as the most significant asset given that African continent is unexplored, untouched and unexploited as far as Blockchain innovation is a concern.
At the moment the KBX team has 15+ team members and once we go live we will still hiring and retain the best industry talents.
Where Is KuBitX registered and why?
The organization is incorporated in Malta. However, most of the founding members are Africans and others from various parts of the globe with strong professional background and influential organizational abilities with fortune 500 companies and big 4s. The motivation behind Malta, the Blockchain Technology which is the underlying technology of digital currency is still new, and most African countries have not initiated or instituted legal framework to do businesses on Blockchain work with clear order to shield the users, funding partners and stakeholders. In order not to sit tight for a long time, the team had to seek for the most conducive clime to domicile the company where we will be compliant with the law of commitment. Malta turned into the decision because of the clear lawful system controlling setting up of Blockchain base organizations. We will work comprehensively with extensive education to enable Africans decision makers to comprehend and get the required administrative structure for smooth operations of this unique business model.
How secure is KuBitX?
KuBitX has carefully tailored the recruitment process for the core team to ensure they bring the best practices used on top world companies to provide the platform operates at the highest security level possible.
Why are you focusing on emerging markets?
Because the people from these markets have been left behind in digital currency revolution and we strongly believe if those people get empowered and involved in the digital finance they can contribute to the world economy.
In which countries are you going to focus your educational programs?
We aim to begin our journey by reaching out to people in the flagship countries of South Africa, Nigeria, Zimbabwe, Kenya, Ghana, Angola and Uganda aiming to reach a market share of 1-10 million users in the first three years of operation. KuBitX has come up with a unique initiative called Global Channel Ambassadors to enter, understand and capture local emerging markets. We aim to tackle the socio-economic hindrances to adoption. The KuBitX Global Ambassador Initiative will reach the grassroots to drive local adoption.
Are you going to have a live support desk where customers could call for onboarding and trading issues?
We understand how important customer service is to you and our business. We are working to provide support to answer your questions 24 hours a day, 7 days a week. Yes and we are going to have call centers or center of excellence in different hubs across the globe
Can I withdraw from the exchange directly to my bank account?
Yes, KuBitX will offer payment processing services to allow direct digital currency to fiat conversion.
When will the TGE take place?
The TGE will be in different rounds as follows:
Seed Round: Ongoing, ends 25th July, 2018
Pre-Public Round: July 1st – August 23rd, 2018
Public Round: September 20th - October 31st, 2018
The public round of the TGE will take place after the initial release of the exchange went live.
Are there regions that are restricted from participating in the TGE?
We have decided to restrict members from USA and China from contributing to our TGE due to the uncertain regulatory landscape within these countries. To ensure that there is compliance to this restriction, we are carrying out full KYC and AML for all our contributors.
Is Whitelisting required for participation in TGE?
There will be whitelisting for the Public Round of the TGE
What are the soft and hard caps for the TGE?
Soft Cap is 10,000 ETH
Hard Cap is 25,000 ETH
Determination of the soft and hard caps is a result of our planning and budgeting process. Our soft cap is the minimum amount we will realise to continue the development of the project readjusting the roadmap to ensure that the project is still successful.
Reaching the hard cap will enable us to deliver on the roadmap completely.
When will the tokens from TGE be distributed?
The tokens will be distributed within 30 days from the end of the Public Round or the TGE.
What currency will be accepted during TGE?
Bitcoin and Ethereum will be accepted.
What happens if the soft cap is not reached?
Soft cap is already reached from the seed and Pre-Public round. However, if the hard cap of the public round is not reached, the project will still go on as we will have the product ready and the Pre-Public Round completed by this time.
What happens to tokens that are not allocated?
All non-allocated tokens will be burned forever.
Do you have Bounty Campaign?
Indeed we have a bounty campaign which will be announced as we progress and decide to make it public.
Are you going to have airdrop for the community?
Indeed we will have Airdrop to our community. The airdrop will be in three stages at different dates, the date of the airdrop will be announced in our community.
KuBitX team is eagerly waiting to see you as a project’s part.Dashboard