WHO
WE ARE
The KuBitX team is
composed of an extremely talented and experienced bunch of professionals with
significant work experience from Fortune 500 companies and “Big Four”
consultancy firms. Having gained substantial insights and expertise in our
respective domains, it was natural for us to work in the development of the
emerging markets from where we actually belong. The team has this innate
quality of not only motivating each other constantly but to complement each
other’s work. The go-getter attitude of the team has thus led to overcome all
the obstacles that we have faced till date.
ISSUES
REVOLVING AROUND INCLUSION IN THE EMERGING MARKETS
Traditional banks are
still struggling to reach the unbanked across Africa. In 2014, a staggering 66%
of Sub-Saharan Africans did not have bank accounts. The small size of national
markets, a lack of financial literacy, low-income levels, political instability
and weak judicial systems have created a constrained African banking system.
And banks continue to rely on traditional banking models of branch networks,
expensive technology, inadequate systems and a limited talent pool. As per the
latest reports issued by the World Bank in August 2017, around 2 billion people
were unbanked across the world.
Cryptocurrency can bridge
the gap and play a vital role in the financial inclusion of people who are
still unbanked. The global adoption rate of cryptocurrency is still below 3%
implying that there is still a lot more room for growth and as more tokens are
created, they will need to be listed in Exchanges. So there is still a demand
vs. supply gap of cryptocurrency exchanges.
The market is ripe for
Cryptocurrency as witnessed this past year. Exchanges such as Binance, Bittrex,
and many others had to halt registration of new users because they could not
handle the ever-increasing traffic with their current infrastructure.
More education still
needs to be imparted to educate more people. KuBitX is committed to doing so by
having structures in place such as having Country Ambassadors in various
African countries who will create awareness as well as educate, they will
conduct meet up’s for those activities.
The current population of
Africa as a whole stands at 1.28 Billion1which has a growth rate of 2.52%
yearly. This huge market serves as the target market for the Vision and Mission
of KuBitX.
The traditionally
unbanked of Africa are devoid of a strong financial footprint but the optimism
shown towards cryptocurrency by these people promises a better future
financially.
The cryptocurrency market
currently has a market capitalization of $342 billion which is expected to rise
up to $1 trillion2 by the end of 2018 as per market experts.
This not only shows the
overall growth potential that the cryptocurrency market has, but also the role
emerging African markets would play in contributing to this growth.
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.
Achieving such levels of
mass adoption, we aim to provide access to financial services to a large
section of the African population thus promoting the overall economic growth of
the Continent which would thus lead to a better quality of life.
WHAT
MAKES US DIFFERENT?
KuBitX has been developed
not just as a trade engine but an engine for growth and development of the
emerging markets assisting in financial inclusion, financial education and
Blockchain adoption by the people. We strongly believe that KuBitX has the
potential to reach the emerging regions and educate the citizens with little or
no access to Blockchain based services and adoption and offer multiple crypto
to fiat exchange and paring.
EXCHANGE
ARCHITECTURE – KuBitX
The KuBitX Exchange is
designed to operate at low latency, high throughput, and maximum uptime. By
incorporating geo-replication in its architecture, the exchange is built to be
fault tolerant, ensuring that the platform delivers a seamless and
uninterrupted trading experience to its users. Below is a high-level
abstraction of the exchange architecture showing how the different systems
within the exchange are connected logically.
KuBitX
- ROADMAP
Q4
2017
• Project Initiation
• Project feasibility
study
• Benchmarking
Q1-Q2
2018
• Project Engagement
• Team Structuring
• Legal processes for
incorporation in Malta
• Whitepaper creation
first draft (Business)
• Angel/Seed Contribution
Engagements
Q3
2018
• Project Execution
• Launch KuBitX Channels
Ambassadors (Flagship countries)
• Prototype
• Start Pre- Public Round
of TGE
• Exchange Soft Launch
Q3-Q4
2018
• Project Execution
(Contd.)
• Phase 1: Financial
Services integration with KuBitX
• End Pre- Public Round
• Exchange Go-Live
• Public Round of TGE
• Global Promotions
Q1-Q4
2019/2020
• Project Add-ons
• KuBitChain
• Phase 2: Financial
Services integration with KuBitX
• Continuous Improvement
(Operations, Product Enhancements and Community Feedback for Improvement)
Ann Thread : https://bitcointalk.org/index.php?topic=4628365
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