The Kubo project has been undertaken with the intention of bringing block chain’s inherent benefits to the retail market and micro-payment arena, serving as a bridge between the vendors who are looking to emerging technologies to boost their growth in client base and sales and the yet inaccessible method of integrating block chain into existing business services.
The project focuses on small and medium-sized enterprises, which are an integral part of the global economy and the development of which directly affects the financial well-being of people.
Now projects on blockchain are pioneers in the ever-growing cryptocurrency market. Accordingly, those projects that are fixed in this market will have an undeniable advantage over the others.
The Kubo team surveyed and gathered feedback from various crypto projects and community members to craft the best methods to implement various use cases and build a transparent and fundamentally sound project. Thus on Oct.1,2018, the Kubo Coin project was started to make a difference and set a standard with various use cases and a promise to keep the original community from Kubos and all new investors/supporters that the project will recruit at the forefront of all developments and adoptions within the digital asset ecosystem.
Kubo Coin’s primary focus will be on building an ecosystem for retailers and vendors, with the goal of giving them a seamless, instantaneous and inexpensive payment alternative to fiat transactions. A secondary focus on being a native currency for two exchanges owned and operated by the Kubo team to allow for quicker paths of liquidity and increase the number of potential clients for the vendor ecosystem as the exchanges develop and attract traders.
The ecosystem will be developed for the Asian and African markets. This is an extremely important condition, since most of the projects are concentrated in Europe and the USA. Consequently, this project has much less competitors and more chances to gain a foothold in the market.
Kubo’s payments system will be powered by the Ethereum network.
Kubo will focus on developing a strong ecosystem of retailers and vendors who can support each other in what will be basically a digital marketplace where the two entities can form relationships with each other and discover new business opportunities.
To maximize the reach and effect of this ecosystem, the KuboCoin project partnered with the block chain solution company Aeryus that will be providing Kubo the software and hardware to on ramp merchants across all physical locations and online commerce while providing an easy to set up and run point of sale system similar to Square. Kubo will also boast the added bonus of digital mobile wallets that substituted not only as typical debit cards but as a payment pathway for Kubo investors through the Aeryus One App and Kubo’s mobile exchange App (TCX Hub Mobile).
Merchants can set and run a business and enjoy the low fees (1.75% compare to 3-7%) associated with using Kubo as their primary payment option on the Aeryus chain payment platform while also still being able to operate with fiat.
The use cases of a retail ecosystem, two native exchanges, ATM integration, debit cards, point of sale system, mobile payment system and escrow platform gives Kubo an edge over other projects that are simply working towards creating a payment mechanism for consumers and vendors only. It is important to note that all the use cases for Kubo to become not only a valid payment option but a project and brand that can bring stakeholders together and create systems that make the process approachable for all and competitive against the current competition in emerging market.
Kubo token economy:
• Maximum supply: 100 Billion
• Circulating supply: 73,999,776,599
• Pre-Mine: 21,000,000,000
• ERC-20 Token
KuboCoin is not the first such project in the crypto market and its success will largely depend on how well the project succeeds in attracting new users (developing a quality marketing plan) and retaining them (excellent support, high security, speed of transactions).
https://kubocoin.org/
http://kubocoin.org/document/MasterKuboWPFile.pdf
Any investments ALWAYS bear risks, so when deciding to do it, ALWAYS rely on your Money Management and the risk that you can take!