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KuBitX is one of the most advanced and robust cryptocurrency trading platforms designed to embrace the idea of “Simplicity” and “Accessibility,” empowering and educating people from all walks of life to embrace the technological revolution of Blockchain and invest in cryptocurrencies. 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 the untapped, high potential demographics for their inclusion in the Cryptocurrency market, our goal is to become one of the most diverse cryptocurrency marketplaces for buyers and sellers. We aim to achieve this by developing a robust trade engine, providing regular banking services through our Financial Service Providers and initiating an Ambassador program to spread awareness and adoption.

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 that have identified “Inclusion" and “Adoption” as the major pillars of growth for any Cryptocurrency marketplace. As a result of many brainstorming and ideating sessions, the team was able to come up with unique ideas such as an inbuilt Financial Services feature in addition to making the coin listing process convenient in terms of time and cost.

To create a harmonious ecosystem within the exchange, the KuBitcoin (KBX) token will be used for fee payments within the exchange operation and will be also be integrated into the banking processes integrated with the exchange to enable users to get fiat services in a short span of time.

The user-friendly outlook of the exchange will also allow it to promote adoption. Simplifying the process of remittance also provides us with the potential to target a good user base and thus helping in increasing the liquidity of the exchange.

The KuBitX ecosystem is effectively going to be one of the most comprehensive and compliant solutions for traders, partnering with the best trade engine experts having a broad industry experience. Our platform will redefine how exchanges operate and by attracting more traders via our various product offerings, we will expand the pool of participants by fostering greater market liquidity and thereby contributing to its overall growth.

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.

HOW KUBITX WILL BENEFIT YOU?
·        HIGH SCALABILITY
Our platform is highly scalable, ready to accept new features to improve our users trading experience.

·        BLOCKCHAIN
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.

·        LOW FEES
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%


·        SECURE
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.

·        ECOSYSTEM
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.

·        MINIMIZED RISK
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.




Cryptocurrencies are highly encrypted currencies independent from banks, but despite the positive idea behind them, they’ve started to fall into disrepute in recent years.

Blockchain, the system on which the different cryptocurrencies are based, offers unique advantages in terms of IT security and transparency. Blockchainbased applications give people back a sense of inviolability and full control over their digital identity in the World Wide Web For instance, innovative currencies give everybody in the world the opportunity to open their own account, independent of origin, gender, or religion. Furthermore, these revolutionary currencies offer enormous security during transactions via the multi-factor authentication process used by blockchain technology. Economically, blockchain and the cryptocurrencies based on it have experienced a spectacular upturn in recent years, to say nothing their future prospects and practicality.

Cryptocurrencies are becoming a popular toy for many speculators, some of which have generated horrendous profits. This rapid growth and the associated disconnect between slowly increasing intrinsic value and enormous explosions in price have created various problems for cryptocurrency. The different pros and cons of this market worth billions are explained in more detail below.

Reviews with an absolute demand for authenticity
This basic requirement is fulfilled by the RTO two-way verification of every review. On the basis of significant reviews, mutual trust is therefore ensured between the company and the customers.

A user-friendly app for a network that can be used worldwide
The easy-to-use design of the app and underlying algorithm enable users to create reviews with significant content more easily than ever before. This is explained further down in the fifth chapter.
Global partner companies and multiple language options enable worldwide use and promote the diversity of the Rateonium community.

Encryption and anonymity in the system
In terms of the protection of personal data, these are the most important components. Measures taken in access control, entry control, and controlled data exchange help to establish a state-of-the-art security standard.

High daily rating motion
Due to this being the first directly incentive-based rating system, “daily rating motion” (explained later) is greatly increased.
Everyday use: The wide range of already-verified cooperation partners and the scaled inclusion of additional companies in the system guarantees that Rateonium can offer a large number of different rewards within an extremely short space of time. Each user will find individually tailored awards in the Rateonium system all over the world. In addition, the user can see other customer reviews at the respective location or in accordance with search criteria.

Currency exchange on trading platforms
It goes against the Rateonium ideology to see blockchain-based applications become objects of speculation. However, because the incentive to participate is so prevalent, it also provides an opportunity to trade. This is one of Rateonium’s unique characteristics. Due to the exchange process that turns generated Rateonium tokens into tradable Ratec tokens, users can go to financial trade centres and exchange tokens generated by reviews for other currency.

The System in Detail
The customer, Chris, is on a business trip. In the evening, he plans to go to an upscale restaurant with his colleagues. He opens the Rateonium app on his iPhone to find out which restaurants will meet his expectations. The app offers Chris the best restaurants within his desired radius, according to customer reviews. He decides to go to a restaurant that is 500 metres away to dine with his colleagues.

He and his friends are very happy with the dishes they are served. After Chris payed the service and verified this with his Rateonium card, he has the opportunity to document his experience at the restaurant in the form of a review, which is anonymised and made available to the worldwide Rateonium network.

The number of Rateonium tokens is based on the purchase price of the respective product or service. So for purchasing a product worth €5, Chris receives 50 Rateonium tokens.

In order to establish a sense of proportion between expensive and less expensive products, and to protect smaller companies from being discredited, there is an upper limit of 1000 RTO. Furthermore, rewards can only be redeemed once at the same business within a set time frame.

The frequency of ratings that can be submitted for the same company is also limited. This enables Rateonium to guarantee that no users are able to redeem a disproportionately large amount of rewards at one company and thus harm the business.

In order to protect the identity of the user, the review is only uploaded some time after it is submitted, according to a random algorithm. As a result, the company cannot see which users have submitted which reviews, though tokens are distributed immediately after the rating is verified. As this can take between one and twelve hours, the underlying Blockchain transaction has no time limit. After the rating goes through, the RTO tokens are automatically generated by the Rateonium system and then automatically sent to be paid out.





The basic Principle
The basic idea behind the Rateonium system is to create an internal cryptocurrency that registered users receive by submitting a review about a company. This currency is exchanged for rewards from participating companies. Thus, the user can redeem rewards just by doing everyday things at no additional cost or effort. The intrinsic motivation to submit reviews, the “daily rating motion”, is continually upheld by the incentive of quickly accessible rewards.

These rewards vary from company to company and can be customised. The quantity of the Rateonium tokens exchanged is based on the size of the reward. Rateonium verifies the quality of the reviews before the tokens are activated in the app.

Contracting partner companies are included in the Rateonium network via a subscription system.

The basic monthly fee is based on the number of branches integrated into the system and the revenue generated per branch. With the wide range of cooperation partners that have already been confirmed in addition to other interested parties, Rateonium can use the exact subscription fees to develop long-term system plans for the companies and generate an internal profit. 

For online shops, the subscription fee is based on an appraisal of the company’s economic strength, which varies according to the number and size of the regions served.

System
Rateonium offers a complete rating system tailored to all customer groups, thus connecting customers to companies in a way never seen before. For this purpose, various requirements were explored during development and used to determine the content of the system. The accurate implementation of these requirements means that both companies and future users are offered a perfected rating system that will be able to meet any subsequent needs.

Reviews with an absolute demand for authenticity
This basic requirement is fulfilled by the RTO two-way verification of every review. On the basis of significant reviews, mutual trust is therefore ensured between the company and the customers.

A user-friendly app for a network that can be used worldwide
The easy-to-use design of the app and underlying algorithm enable users to create reviews with significant content more easily than ever before. This is explained further down in the fifth chapter.
Global partner companies and multiple language options enable worldwide use and promote the diversity of the Rateonium community.

Encryption and anonymity in the system
In terms of the protection of personal data, these are the most important components. Measures taken in access control, entry control, and controlled data exchange help to establish a state-of-the-art security standard.

High daily rating motion
Due to this being the first directly incentive-based rating system, “daily rating motion” (explained later) is greatly increased.
Everyday use: The wide range of already-verified cooperation partners and the scaled inclusion of additional companies in the system guarantees that Rateonium can offer a large number of different rewards within an extremely short space of time. Each user will find individually tailored awards in the Rateonium system all over the world. In addition, the user can see other customer reviews at the respective location or in accordance with search criteria.

Currency exchange on trading platforms
It goes against the Rateonium ideology to see blockchain-based applications become objects of speculation. However, because the incentive to participate is so prevalent, it also provides an opportunity to trade. This is one of Rateonium’s unique characteristics. Due to the exchange process that turns generated Rateonium tokens into tradable Ratec tokens, users can go to financial trade centres and exchange tokens generated by reviews for other currency.

Rateonium’s core Business
As technology experts and blockchain idealists, we view many relevant developments in the world of cryptocurrency with scepticism. One of these developments is that many companies only integrate a cryptocurrency in their existing business environment in order to generate fresh capital via an initial coin offering.

Oftentimes, this is not absolutely necessary for the implementation of specific business ideas. Rateonium, by contrast, is a directly blockchain-based system consisting of a rewards-for-ratings concept. Therefore, it is important for us to consider the Rateonium tokens to be a core part of our business. Website : https://rateonium.com/

Our objective is to revolutionise recommendation marketing on a global scale in a way that is sustainable, fair, transparent, and anonymous. However, an essential component of the way we understand ourselves is the fact that Rateonium only works with the interaction of users. The system cannot be altered or abused using financial resources. 

Even large corporations, who could otherwise weaken their competition by purchasing large quantities of Rateonium tokens, are completely deprived of this opportunity by the subscription system. However, we understand the appeal of exchanging these innovative currencies for other currencies, which is why we’ve made it possible to exchange Rateonium for Ratec. This means that each participant in the system has the opportunity to generate tradeable cryptocurrency by writing reviews. On the basis of this unique combination, all users are able to use Rateonium the way they prefer.


The basic Principle
The basic idea behind the Rateonium system is to create an internal cryptocurrency that registered users receive by submitting a review about a company. This currency is exchanged for rewards from participating companies. Thus, the user can redeem rewards just by doing everyday things at no additional cost or effort. The intrinsic motivation to submit reviews, the “daily rating motion”, is continually upheld by the incentive of quickly accessible rewards.

These rewards vary from company to company and can be customised. The quantity of the Rateonium tokens exchanged is based on the size of the reward. Rateonium verifies the quality of the reviews before the tokens are activated in the app.

Contracting partner companies are included in the Rateonium network via a subscription system.

The basic monthly fee is based on the number of branches integrated into the system and the revenue generated per branch. With the wide range of cooperation partners that have already been confirmed in addition to other interested parties, Rateonium can use the exact subscription fees to develop long-term system plans for the companies and generate an internal profit. 

For online shops, the subscription fee is based on an appraisal of the company’s economic strength, which varies according to the number and size of the regions served.

Reviews with an absolute demand for authenticity
This basic requirement is fulfilled by the RTO two-way verification of every review. On the basis of significant reviews, mutual trust is therefore ensured between the company and the customers.

A user-friendly app for a network that can be used worldwide
The easy-to-use design of the app and underlying algorithm enable users to create reviews with significant content more easily than ever before. This is explained further down in the fifth chapter.
Global partner companies and multiple language options enable worldwide use and promote the diversity of the Rateonium community.

Encryption and anonymity in the system
In terms of the protection of personal data, these are the most important components. Measures taken in access control, entry control, and controlled data exchange help to establish a state-of-the-art security standard.


ICO TIMELINE
                                            Website : https://rateonium.com/
High daily rating motion
Due to this being the first directly incentive-based rating system, “daily rating motion” (explained later) is greatly increased.
Everyday use: The wide range of already-verified cooperation partners and the scaled inclusion of additional companies in the system guarantees that Rateonium can offer a large number of different rewards within an extremely short space of time. Each user will find individually tailored awards in the Rateonium system all over the world. In addition, the user can see other customer reviews at the respective location or in accordance with search criteria.

Currency exchange on trading platforms
It goes against the Rateonium ideology to see blockchain-based applications become objects of speculation. However, because the incentive to participate is so prevalent, it also provides an opportunity to trade. This is one of Rateonium’s unique characteristics. Due to the exchange process that turns generated Rateonium tokens into tradable Ratec tokens, users can go to financial trade centres and exchange tokens generated by reviews for other currency.



Rateonium’s core Business
As technology experts and blockchain idealists, we view many relevant developments in the world of cryptocurrency with scepticism. One of these developments is that many companies only integrate a cryptocurrency in their existing business environment in order to generate fresh capital via an initial coin offering.

Oftentimes, this is not absolutely necessary for the implementation of specific business ideas. Rateonium, by contrast, is a directly blockchain-based system consisting of a rewards-for-ratings concept. Therefore, it is important for us to consider the Rateonium tokens to be a core part of our business.

Our objective is to revolutionise recommendation marketing on a global scale in a way that is sustainable, fair, transparent, and anonymous. However, an essential component of the way we understand ourselves is the fact that Rateonium only works with the interaction of users. The system cannot be altered or abused using financial resources. 

Even large corporations, who could otherwise weaken their competition by purchasing large quantities of Rateonium tokens, are completely deprived of this opportunity by the subscription system. However, we understand the appeal of exchanging these innovative currencies for other currencies, which is why we’ve made it possible to exchange Rateonium for Ratec. This means that each participant in the system has the opportunity to generate tradeable cryptocurrency by writing reviews. On the basis of this unique combination, all users are able to use Rateonium the way they prefer

Weaknesses of rating platforms–Rateonium’s solution
As already mentioned, reviews have always played a crucial role in how people interact with one another and how economic systems work. The establishment of a potential company-client relationship is greatly influenced by the publication of experiences of previous customers. For thousands of years, the oral recounting of first-hand experiences in relation to services provided by local businesses have dominated companies’ reputations. 

With the development of the Internet, the options for rating processes have also been transformed. The influence of qualified ratings continues to grow in all industries. These days, effective marketing of customer experiences is central to the marketing strategies of modern companies.

Depending on the specific industry and objectives, suitable ranking in visible rating hierarchies is of considerable importance for companies. How much consumer experiences currently influence markets and companies is made clear by looking at the following aspects. Media presentations of ratings and their widespread availability is causing classic competitive advantages such as local connections and local marketing to become obsolete.

Moreover, in addition to optimised customer acquisition and long-term consumer retention, satisfactory reviews enable companies to benefit from individual aspects of internal quality management.

Positive reviews by consumers in specific target groups can turn companies into “trusted companies” (a designation for companies with above-average consumer ratings).

APPLICATION

Benefits for Token Sale participants
Each participant in the Token Sale is offered the following benefits:
Due to the exchange system described above, the owners of Ratec tokens have earlier access to the Rateonium system.
The first participants in the system will benefit from special starting rewards, which will be offered by the companies in the first phase of the system.

Each participant in the Token Sale can decide whether to trade the Ratec tokens they acquire on the major cryptocurrency markets or exchange them for Rateonium tokens and obtain rewards for them.
If a participant deposits some or all of his/her tokens in the trading platforms, they are very likely to profit from changes in the exchange rate caused by the hype surrounding the Rateonium system, which is expected be generated by the later expansion of the business.

The Rateonium card is provided to every participant in the Token Sale free of charge. For any additional users, the card can be purchased for a onetime fee.
It costs €20 and is sent out exclusively in combination with various specials. In addition to the financing described in the next chapter, there are other reasons for holding the Token Sale.
The ICO is intended to generate a network of customers and partner companies for the system, sufficient for the overall concept to work. With the inclusion of numerous partners such as store chains, delivery services, vehicle rental companies, and restaurants, this entrepreneurial functionality has already been ensured in the early development phase for Rateonium. Networks often face the problem of too few suppliers or parties interested in acquiring the product by the time the system is launched.  The Token Sale event makes it possible to integrate a six figures worth of users directly into the system, ensuring a very appealing number of potential new customers for companies.




THE CORE OF THE COMPANY
OUR MISSION IS A WORLDWIDE BLOCKCHAIN BASED RATING PLATFORM. CUSTOMERS WILL BE ENABLED TO LIVE FREE FROM MARKETING MANIPULATION AND GET FAIRLY REWARDED FOR SHARING THEIR QUALITATIVE OPINION. IN OUR WHITEPAPER YOU WILL GET TO KNOW EVERY PART OF THE RATEONIUM MOVEMENT. WE WILL TELL YOU EVERYTHING ABOUT US, FROM THE SYSTEM OVER TECHNICAL BACKGROUNDS, LEGAL INFORMATION TO OUR TEAM QUALIFICATIONS AND PERSONALITIES.

System
Rateonium offers a complete rating system tailored to all customer groups, thus connecting customers to companies in a way never seen before. For this purpose, various requirements were explored during development and used to determine the content of the system. The accurate implementation of these requirements means that both companies and future users are offered a perfected rating system that will be able to meet any subsequent needs.

Reviews with an absolute demand for authenticity
This basic requirement is fulfilled by the RTO two-way verification of every review. On the basis of significant reviews, mutual trust is therefore ensured between the company and the customers.

A user-friendly app for a network that can be used worldwide
The easy-to-use design of the app and underlying algorithm enable users to create reviews with significant content more easily than ever before. This is explained further down in the fifth chapter.
Global partner companies and multiple language options enable worldwide use and promote the diversity of the Rateonium community.

Encryption and anonymity in the system
In terms of the protection of personal data, these are the most important components. Measures taken in access control, entry control, and controlled data exchange help to establish a state-of-the-art security standard.

Continuous, consistent customer acquisition
Partners can assume, going by high user numbers, that new customers are being made aware of their companies via the company presentation in the Rateonium app in a scalable manner.

Participation via subscription system
In order to prevent market distortion, small companies are given the opportunity to level with corporate groups in terms of number of reviews and presence in the network. Therefore, larger companies can only subscribe to Rateonium by branch location, and not as the whole company. The only exception is purely online services.

ICO TIMELINE : Website : https://rateonium.com/


Added value for companies generated by verified reviews
The immense advantage for companies of generating a variety of verified customer reviews is readily apparent. It goes along with aspects of internal quality management. By implementing an innovative experience management system with more reviews, one can ensure an excellent advantage over competing companies.

The company’s presence in the Rateonium system with the integrated listing of customer reviews offers the opportunity to approach new customers, by specific target groups, as a “trusted company”. The opportunity to offer users rewards they want also increases the effectiveness of this client acquisition method.

For customers, the positive experience of receiving free rewards increases the probability that they will form an emotion-based, long-term relationship with the company. Rateonium is thus able to change customer relations in the long run, setting new global standards.Rateonium is a platform that is leading the way in communication between customers and companies. In order to prevent a lack of practicality caused by fluctuating exchange rates, the Rateonium token network has the two different tokens, which have already touched upon.

These two tokens are the Rateonium token and the Ratec token. The latter will be sold during the Token Sale events and can be traded on major trading platforms. The Rateonium token can only be used to redeem rewards and cannot be traded.

The interface between the two tokens is a specially developed exchange system that enables users to exchange them in a user-friendly manner. However, the exchange system ensures that the Rateonium system currency cannot be exposed to any exchange rate fluctuations. This interface enables a never seen before security. This ensures that the Rateonium currency is insulated from centres of speculative trade and the resulting fluctuation in cryptocurrency exchange rates.


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