KubitX
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.
The KuBitX business model consists of revenue streams coming from commissions on market trading and management fee. This section will detail how the revenue streamand KuBitcoin (KBX) tokens have been integrated into the system, giving an idea as tohow the KuBitcoin (KBX) token holders will be rewarded.
- 25 % discount on using the KuBitcoin (KBX) token – KuBitcoin (KBX) tokens have the utility of acting as a method of payment for the trading fee. Plus, the usersopting to use KuBitcoin (KBX) tokens as a method of payment of the trading fee will get a discount of 25% compared to the original trading charges. If the trade receivable is NEO, we will calculate it by the exchange ratio of NEO to KBX at the market price, which is based on the market price of NEO / BTC and KBX / BTC. Exchange ratio of NEO/KBX = NEO/BTC [market price] / (KBX/BTC [market price]). KuBitX update cycle for the market price is 1 second Suppose user needs to buy 1 Bitcoin.
| Quantity | 1 |
|---|---|
| Spot rate | $10,000 |
| Actual Trading fee | $5(0.05%) |
| Discounted Trading fee | $3.75(0.0375%) |
- Payment processing fee - KuBitX will offer direct withdrawal to the bank account of a user requesting liquidity in fiat by enabling them to exchange KuBitcoin (KBX) tokens for Fiat on the levy of a Payment Processing fee of 2.5%.
Bitcointalk Username : nhochime
Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=1066439