Question regarding the support. Support will be available 24/7, right?
On which channels? Chat only or will it also be possible to make a call because sometimes it is easier to explain verbally than to write long messages?
24/7 support is provided through our Telegram Community. You can always join us through this link: https://t.me/kubitx_official  Should you wish to get in contact via phone, please join first through the provided link then we'll go on from there. Thanks! |
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Who do you consider to be your main competition?
Stellar Lumens, SelfKey, OmiseGo, Ripple, and Sovrin EVEREST has many competitors and relatively strong competitors. What strengths will the project take to win this competition? 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." All this implies that Everest will have to have a deal with some bank right? I wanted to get back to this one : Micro-insurance: collect documents, biometrically sign contracts to serve billions of users with or without devices How do you plan to service people without the devices? It 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. But you would need some kind of device in order to confirm your biometric identity... so you would still need a device, right? In order to access all the benefits, no device is needed. |
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I wonder how the community reacted to the initial name change?
Everest is more than just user ID verification, and wants the name to reflect this. There seems to be a general understanding and positive feedback from the community about the approach. What is the amount of tokens prepared for the bounty pool?
There are 7,000,000 IDs reserved for the Bounty campaign Hey. Tell us please what structure of bonuses do you have for investors and is there anyway?
The seed round had a 50% discount (2M raised), then in a tiered structure there will be a 30%, 20% and 15% discount for the pre sale which is open for participants. The tier structure discount depends on the time of investment and how much has been raised so far. 20M is the goal to be met during these sale rounds. You can sign up for the pre sale at the bottom of the website https://everest.org  Is the minimum investment for each round the same? We're unable to comment on other rounds, at this point, however, when the time is right, we'll announce. When does the next round actually start? We will announce that with due time for pretty much eveyone to be prepared for it Should we expect that here or on telegram? Both |
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I wonder how the community reacted to the initial name change?
Everest is more than just user ID verification, and wants the name to reflect this. There seems to be a general understanding and positive feedback from the community about the approach. What is the amount of tokens prepared for the bounty pool?
There are 7,000,000 IDs reserved for the Bounty campaign Hey. Tell us please what structure of bonuses do you have for investors and is there anyway?
The seed round had a 50% discount (2M raised), then in a tiered structure there will be a 30%, 20% and 15% discount for the pre sale which is open for participants. The tier structure discount depends on the time of investment and how much has been raised so far. 20M is the goal to be met during these sale rounds. You can sign up for the pre sale at the bottom of the website https://everest.org Is the minimum investment for each round the same? We're unable to comment on other rounds, at this point, however, when the time is right, we'll announce. When does the next round actually start? We will announce that with due time for pretty much eveyone to be prepared for it |
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Who do you consider to be your main competition?
Stellar Lumens, SelfKey, OmiseGo, Ripple, and Sovrin EVEREST has many competitors and relatively strong competitors. What strengths will the project take to win this competition? 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." All this implies that Everest will have to have a deal with some bank right? I wanted to get back to this one : Micro-insurance: collect documents, biometrically sign contracts to serve billions of users with or without devices How do you plan to service people without the devices? It 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. |
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Whats the minimum amount needed to invest in order to join the sale?
The minimum to join our Pre-Public TGE round is 10 ETH Will the minimum be the same for the public round too? We're unable to confirm that, at this stage, however, we'll make the proper announcement when the time is right |
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Can you tell us more about token distribution plan?I mean how much for sale,team,marketing advisors etc,and when you plan to distribute the tokens?
Based on their official website, the answer of your question: Private round: 36% Founder and Development: 23% Investment Fund: 20% Public round: 16% Board advisors: 3% Bounty and airdrop: 2% For more information, you can visit >> https://www.kubitx.io/For what exactly will funds allocated to investment fund be used?What kind of investments? The distribution model can be seen on our website ( https://kubitx.io/ ) - you just have to scroll down just a bit down of the above the fold |
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I wonder how the community reacted to the initial name change?
Everest is more than just user ID verification, and wants the name to reflect this. There seems to be a general understanding and positive feedback from the community about the approach. What is the amount of tokens prepared for the bounty pool?
There are 7,000,000 IDs reserved for the Bounty campaign Hey. Tell us please what structure of bonuses do you have for investors and is there anyway?
The seed round had a 50% discount (2M raised), then in a tiered structure there will be a 30%, 20% and 15% discount for the pre sale which is open for participants. The tier structure discount depends on the time of investment and how much has been raised so far. 20M is the goal to be met during these sale rounds. You can sign up for the pre sale at the bottom of the website https://everest.org Is the minimum investment for each round the same? We're unable to comment on other rounds, at this point, however, when the time is right, we'll announce. |
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Who do you consider to be your main competition?
Stellar Lumens, SelfKey, OmiseGo, Ripple, and Sovrin EVEREST has many competitors and relatively strong competitors. What strengths will the project take to win this competition? 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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Whats the minimum amount needed to invest in order to join the sale?
The minimum to join our Pre-Public TGE round is 10 ETH |
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Who do you consider to be your main competition?
That's a hard question to answer, especially since we're currently looking to serve emerging markets and then expands, but if you were to look just in the exchange picture, the answer would be pretty obvious |
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Who do you consider to be your main competition?
Stellar Lumens, SelfKey, OmiseGo, Ripple, and Sovrin |
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I wonder how the community reacted to the initial name change?
Everest is more than just user ID verification, and wants the name to reflect this. There seems to be a general understanding and positive feedback from the community about the approach. What is the amount of tokens prepared for the bounty pool?
There are 7,000,000 IDs reserved for the Bounty campaign Hey. Tell us please what structure of bonuses do you have for investors and is there anyway?
The seed round had a 50% discount (2M raised), then in a tiered structure there will be a 30%, 20% and 15% discount for the pre sale which is open for participants. The tier structure discount depends on the time of investment and how much has been raised so far. 20M is the goal to be met during these sale rounds. You can sign up for the pre sale at the bottom of the website https://everest.org In connection with what so suddenly there was a rebranding? p.s. No offense, but when I see the name Everest I have direct associations with the program to track the status of the PC While our name has changed, our goals, mission, and vision remain constant. We needed a brand that fully encompassed the monumental potential/scope of our platform. The EverID brand will continue to exist under the Everest umbrella representing the identity platform component of our solution. So basically not to just have it associated with the ID part of the project, but to look beyond to other features, right? Yes, While Identity is a huge aspect of our platform as it plays an integral part in all other functionality, the actual APIs and DApps are a much bigger deal. |
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I wonder how the community reacted to the initial name change?
Everest is more than just user ID verification, and wants the name to reflect this. There seems to be a general understanding and positive feedback from the community about the approach. What is the amount of tokens prepared for the bounty pool?
There are 7,000,000 IDs reserved for the Bounty campaign Hey. Tell us please what structure of bonuses do you have for investors and is there anyway?
The seed round had a 50% discount (2M raised), then in a tiered structure there will be a 30%, 20% and 15% discount for the pre sale which is open for participants. The tier structure discount depends on the time of investment and how much has been raised so far. 20M is the goal to be met during these sale rounds. You can sign up for the pre sale at the bottom of the website https://everest.org In connection with what so suddenly there was a rebranding? p.s. No offense, but when I see the name Everest I have direct associations with the program to track the status of the PC While our name has changed, our goals, mission, and vision remain constant. We needed a brand that fully encompassed the monumental potential/scope of our platform. The EverID brand will continue to exist under the Everest umbrella representing the identity platform component of our solution. |
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Initially, in the conditions of the bounty of the company it was not said that its participants will need to pass KYC?
As far as I gathered that is correct, then they decided it was. In the beginning they also apparently would have released bonus tokens at the same time and now have a delay on those, and delayed distribution 5 times(?). It seems they aren't great at sticking to their word. Since we began the bounty campaign the legal situation has changed, in order to comply with new laws we've been made to conduct a KYC on bounty participants. The good news is our team handled the process swiftly - we're now just a few loose ends away from being able to mint all tokens. I'd read a tweet that is now deleted that distribution would be at the end of August, was it deleted because another delay has occured? Or was it deleted because it said tco raised $8m USD and a blog post claims the ico has sold out and the books are being built? Thanks. I have no official announcement on whether it Will be delayed or not kindly stay tuned for more announcements 😊 |
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Will KubitX require us to verify our identity to be able to trade and make withdrawals on the exchange?
Yes, it will be required. That will be required for everyone, or only if you want to withdraw big amounts? It has been said necessary to verify identity when making a withdrawal. So no matter how big or small the funds are withdrawn, if it has been said "MUST" then everything must be verified automatically. All user data is encrypted using the AES-256 before being inserted into the database. KuBitX has designed a customized security architecture to ensure encryption keys are stored very well. Secure offline multi-signature cold wallets/vault system. KubitX system is fully GDPR compliant so its all good GDPR only applies to the European union right? Correct |
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Hello! I represents SIMEX exchange ($100.000.000 24h volume). We can list your token cheap and fast. Is it interesting for you?
Thanks for your offer! Please, send your information at info@thinkcoin.io, the core Team will contact you if they are interested. Thanks! Best Regards, MaZeeCM |
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What is the amount of tokens prepared for the bounty pool?
The token distribution can be seen in our whitepaper |
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I see that pre-public round of token sale ongoing now. What discount now in compare with ICO and when ICO starts? Price plegged to ETH or USD?
Currently 20% bonus and we accept ETH but for USD you have to contact us by telegram or email I mean that ETH price is changing, so price is fixed in ETH or USD for token sale? And when start and end of token sale? The TGE will be in different rounds as follows; Seed Round: Ongoing, ended 16th July, 2018 Private Round: July 16th – August 31st, 2018 Public Round: TBA The price of KBX token is as follows; 1 ETH = 8,909.09 KuBitcoin(KBX) 1KBX = 0.0001122ETH Bonuses for various rounds are; Private Round Bonus: 20% Public Round Bonus: 10% Can you tell us how much raised during seed phase? Please stay tuned with us for further update. Thanks, |
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