The KuBitX - Review

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)

Website : http://www.kubitx.io/

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

Ann Thread : https://bitcointalk.org/index.php?topic=4628365

Profil : https://bitcointalk.org/index.php?action=profile;u=1929863;sa=summary