Do you plan to publish your code on your GitHub profile? I can see that that you created a profile but have only one repository which is not used for real commits. Do you plan to publish some of the source code?
Exchange codes are not usually published, but our Token contract code is public and can be verified |
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What will be main use cases for Everest,for what you expect Everest to be used most of the times?
EverID is developing a unique platform that will create a digital identification standard powered by blockchain that does not need personal devices to function. An ecosystem consisting of digital wallets, IDs and document management solutions will be created to empower people to access commodities, such as banking products, with ease, and security. EverID will use biometric data to allow anyone to join a platform without having to use any special devices, allowing everyone to benefit from digital identification! Thank you for the explanation! You plan to go for android or iOS version first? That is to be decided by the core team |
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Hello everyone ! It's only take 5 minutes to inform the community, your coin will have the opportunity to list on " Aiodex" and registered members will be free of trading fee in the first year. That is wonderful thing. I hope you will inform to your community vote -> https://aiodex.com/vote/ThinkCoin-> https://discord.gg/RvhvdZqThank you so much for your concern, we will take it forward. |
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Do you plan to add Tether to your exchange?
Yes, BTC/ETH/USDT/KBX pairs will be added on the KuBitX exchange. |
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How about unsold token ? and do you have any policy on using the profit to buy back your coin when its listed?
Yes, we actually do have a policy for this! The company can re-acquire and burn all 56 million tokens originally issued. To expound on that further, the company will, after $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of it’s quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole election. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens. However, the company, at its sole discretion, can re-acquire and burn all 56 million tokens originally issued. Seriously? Can re-acquire ALL the tokens? Wouldn't this be impossible as the token price grows while the supply decreases? Or have i missed out something? Yes , you just read it right. CryptoSouk can re-acquire and burn all 56 million tokens originally issued. |
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How about unsold token ? and do you have any policy on using the profit to buy back your coin when its listed?
Yes, we actually do have a policy for this! The company can re-acquire and burn all 56 million tokens originally issued. To expound on that further, the company will, after $1,000,000.00 in initial profit as calculated under standard IFRS rules, use 20% of it’s quarterly profit from the previous quarter to acquire and burn SOUK tokens from the market in the current quarter. The company has the right to purchase tokens before the $1 million milestone and can, at its option, acquire more than the required 20% in any given quarter at its sole election. The company will continue to acquire SOUK tokens until there are less than 5.6 million outstanding tokens. However, the company, at its sole discretion, can re-acquire and burn all 56 million tokens originally issued. |
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Can you tell us a bit more about the fees structure?Withdrawals, trading fees...
Those are at the moment not to be released, however, holding KubitX tokens can get you a reduction in fees. When does the team plan to share that details with users?It is an important info in deciding whether to register on the exchange or not. First of all, our first version of the platform will have to be up and running, Which will happen in the next 1-2 weeks. Keep an eye out |
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Hi,
I can see that this idea has a lot of good partners loke forbes and soke other rebutable companies. May we know what are your next plans in building a larger community for this plan?
I'm afraid that we're unable to make our marketing strategy public Can you please extrapolate and explain why is that? Our marketing strategy is tied in the most part by our go to market strategy If we publish that, we risk that all the work that has been done thus far, to be just handed out to someone else. However, we belive in strong product development and functionality - which will set us to the path that we aim to take on forward |
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Greetings,
An interesting idea, just wonder how do you differentiate from other existing payment systems and how would you ensure that there will be a big enough adoption of your system in order to make it sustainable in the long run?
Everest utilizes biometric identity and an immutable ledger that allows the seamless exchange of value between governments, banks, NGOs, insurance companies, hospitals, and other organizations. It reduces fraud and leakage. It makes identity verification at scale more cost-effective than ever before. Users receive social and economic benefits from their digital identity. No device is needed to access these benefits. An inclusive and secure identity means seamless value transfer and access to global economic services such as banking, credit, and insurance. Cash Transfer: 100% validation of money sent to biometrically verified users. Remittance: easy, cost-effective way for banks to offer money transfer services. Micro-finance: full solution to lend money to the billions of people and SMEs. Micro-insurance: collect documents, biometrically sign contracts to serve billions of users with or without devices. Medical records: manage documents hosted in the cloud or device, track healthcare for all. Land: combine titles, GPS coordinates, and identities to bank and secure land. ID verification: verify identities for value exchange with integrated KYC/AML will government officials recognize it as official? do you have an agreement with them? I'm afraid we're unable to answer that question, this early in the development of our project. More information will be announced as the core team sees fit |
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Greetings,
An interesting idea, just wonder how do you differentiate from other existing payment systems and how would you ensure that there will be a big enough adoption of your system in order to make it sustainable in the long run?
Everest utilizes biometric identity and an immutable ledger that allows the seamless exchange of value between governments, banks, NGOs, insurance companies, hospitals, and other organizations. It reduces fraud and leakage. It makes identity verification at scale more cost-effective than ever before. Users receive social and economic benefits from their digital identity. No device is needed to access these benefits. An inclusive and secure identity means seamless value transfer and access to global economic services such as banking, credit, and insurance. Cash Transfer: 100% validation of money sent to biometrically verified users. Remittance: easy, cost-effective way for banks to offer money transfer services. Micro-finance: full solution to lend money to the billions of people and SMEs. Micro-insurance: collect documents, biometrically sign contracts to serve billions of users with or without devices. Medical records: manage documents hosted in the cloud or device, track healthcare for all. Land: combine titles, GPS coordinates, and identities to bank and secure land. ID verification: verify identities for value exchange with integrated KYC/AML |
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Hi,
I can see that this idea has a lot of good partners loke forbes and soke other rebutable companies. May we know what are your next plans in building a larger community for this plan?
I'm afraid that we're unable to make our marketing strategy public How much funds has been allocated to marketing though? You can see the allocation for each part of our project on our website |
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Do you plan to offer the service worldwide from Day #1 or do you have some region in mind to start with ?
We will start with emerging markets, worldwide expantion to follow |
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I would believe that they do not hold any specific restrictions for participation in investments. I think anyone who passes their KYC will be able to trade. Maybe the team can comment?
Any country restrictions will be announced in due time |
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Can you tell us a bit more about the fees structure?Withdrawals, trading fees...
Those are at the moment not to be released, however, holding KubitX tokens can get you a reduction in fees. |
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Hi,
I can see that this idea has a lot of good partners loke forbes and soke other rebutable companies. May we know what are your next plans in building a larger community for this plan?
I'm afraid that we're unable to make our marketing strategy public |
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Greetings, Is KYC needed in order to join the sale? When does the ICO campaign start? Do you have a bounty program? Waiting for your answers. Thank you so much
Yes, KYC needed for both bounty and investors. BTW we have no public sale, now Private sale on going you can subscribe in our website to participate in private sale. Hi.for how long is your presale going on,and what is the bonus available at the moment? Presale duration is 08/13/18 - 10/12/18 and max bonus is 30 % |
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Well thought project! For how long it's been in development when exactly you started working on KubitX?
We started at 2017. You can check this out in the roadmap in our website What is the price of 1 KBX token,and is it pegged to ETH,or maybe fixed USD price?
KBX is pegged to ETH 1 ETH = 8,909.09 Kubitcoin(KBX) |
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I like the idea of the project, because it has several functions in it. tell me, how do you advertise or will you be in the near future?
Marketing will be taken care of. However, we can't publish our marketing plan due to obvious reasons |
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Which currencies are accepted during the sale?
As of now, ETH If anything else will be added, we will let you guys know |
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Cryptosouk is dedicated to making digital currency trading accessible, fast and truly safe. This platform also focuses on the needs of novice traders, professional traders and digital currency experts.
Thank you so much for the kind words. |
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