Will you be offering USDT pairings on KubitX?
I would avoid Tether, it is quite insecure and we really don't know if it is legit. Can someone explain a little more about this issue? I'm not acquainted with this tether. |
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After reading a bit through your website I must say that I'm pretty excited about the project and I especially like the volatility issue being addressed when it comes to merchants and paying for goods.Gonna read through your WP further and come back to explore more.Agate will be a significant project.
I would say solving volatility issue is a biggest ambition of this project and if they succeeded it will be extraordinary. You need to take a lot at iFiat Ecosystem  Yes, iFIAT will be a game changer.iFIAT will secure the value of funds for both users and merchant as iFiat redemption will not face any pricing or liquidity constraints. How exactly will that work? What is the mechanic of iFiat? |
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Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn... https://cryptosouk.exchangeBest Regards Em Ng Mazee So it is still possible to get that bonus for testing, that is awesome , didn't know about it AFAIK the demo version deposited funds of $1,000 USD are for testing purposes only. It's basically play money to test the platform only and it can't be withdrawn, of course.  For more info, you can check out this link: https://medium.com/@cryptosouk/test-our-exchange-platform-70960e8d6e31  Cheers! You are absolutely right. They woudn't give away that kind of money that easily  |
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When can we expect the wallet to be developed?
I presume it will be at the same time as the rest of platform is finished. Since its all in one. It would be easy to track progress on a road map or some kind of time plan, but I am unable to find one, at least there's not one on the first page of this thread. You're right, I haven't found one either - hopefully the team will post one soon. I'm sure that a detailed roadmap will come soon. Better to have a roadmap later then sooner but unaccurate one. |
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Does kubitx have any ambition to overtake some of the most known exchanges like Coinbase or Binance for example?
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Think good useful project. If everything works as planned, it will be great!
so good luck to the whole team!
Its nice to see that full members support this project. Since you are probably more experienced and you know crypto stuff. Yeah it gaves credibility to the project. This project already has credibility on its own Yeah sure, but a little extra doesn't hurt. |
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Interesting idea for crypto exchange targeted at the middle east region. Is the exchange established already?
There is a demo version which you can sign up and get funded with 1000usd just for demo purpose only can't be withdrawn... https://cryptosouk.exchangeBest Regards Em Ng Mazee Wow this great! Will check it right away Me too. its great to have an option to try demo before it goes into production. |
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Do you have any plans for Telegram airdrop?
Usually teams give those chances. But much better way for profit are bounties. I earned a lot of money through bounty...I recommend this to everyone. I have to agree with you. Plus, this are win/win situations. Project gets promoted and in exchange people involved get paid. |
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Hello what is best features of this new trading platform compare to other trading platform. if we adopt this project how we can get benefit from it. What we expect in your platform when it launch.?
Seems like security features are the most prominent one. Its always a hot topic when it comes to cryptocurrency exchanges. |
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Will people be able to dispute transactions, like with PayPal?
I would guess there would be a channel for disputes and a team to handle them. There will have to be a way of controlling and verifying disputes. Definitely, otherwise it would be chaos and no one could do anything. |
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How come you chose etnereum blockchain, is eth fast enough?
Etherium is the most used platform. |
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I see that you located in Malta,how come you decided to go for that country?Good crypto laws?
KuBitX is incorporated in Malta, however, most of the founding members are Africans and others from various parts of the globe with strong professional background and influential organizational abilities with fortune 500 companies and big 4s. Motivation behind Malta, the Blockchain Technology which is the underlying technology of cryptocurrency is still new and most African countries have not initiated or instituted legal framework to make businesses on Blockchain work with clear order to shield the users, funding partners and stakeholders. In order not to sit tight for a really long time, the team had to sought for the most conducive clime to domicile the company where we will be compliant with law of commitment, Malta turned into the decision because of clear lawful system controlling setting up of Blockchain based organizations. We will work comprehensively with massive education to enable African decision makers comprehend and get the required administrative structure for easy operations of this unique business model. So Africa market is the way to go? |
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Do we have to go through KYC only,or AMl is needed too?
Most likely both but only if you are investing more then 7500 AUD. Yes, that procedure is for higher investors... but I thought KYC is for everyone. That is, if a large investor breaks up his investment into many parts, then the problems should not arise? For example 7k + 7k + 7k? Or all the same time once one name it will be necessary to pass a full identity audit? Well I guess yes, its still over 7000k. |
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Can everyone join the sale,or there are some restrictions?
I think that investors from United States and China cant join the sale. has never understood what creates restrictions for investors from some countries. perhaps a person would like to help his cousins support the project, and she is forbidden to do so. perhaps you should not make such restrictions. It is not the project that makes this restrictions, but the county's laws and regulations.So US citizens can thank 'Merica for that. I think everybody understands that. Cant think of a reason some project would make this restrictions on their own. |
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Is there any info on how much money has been raised till now?
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Are you going to offer bonuses to people for referring other people to use KubitX?
I would like that too, like other exchanges to to get a chance to earn some bonus crypto That is one of most desired features. |
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You are right to have concerns about that, however, the market is rapidly evolving, getting more people on board with crypto and growing, so I believe there is enough room for similar projects to co exist in the same space and have equal success with a similar idea.
Crypto market fluctuated very fast, therefore investors should be fast to take profits, stop loss or buy the dips to get fast returns. If you are a "day trader" then yes. |
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The team of the CRYPTOSOUK Project professionals did not leave without attention not one detail of the project. It's nice to see how they are working hard and make great efforts to promote the project to the highest level! Very interesting. Will make sure that all my friends know about it, everyone should benefit from a project such as this.
I also like attention to detail cause I also love giving attention to details. Details is what separates your project from all the rest. |
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Some answers!
- We do not have Kopi Luwak, sorry. It's overrated anyways;
- The Wallet app is currently in Alpha stage, it should be publicly released soon;
- @Sarma Our advisors are listed on timechain.com
- @Lognak I think centralization of services is a strong enough selling point for now;
Feel free to tag me directly for more questions!
Thank you for answering community questions. And for the update - so it means you guys are testing it, does that continue in Beta too? or will it be open? You're welcome! We are testing it, yes - and it will continue in beta at least for an iteration or two. We plan on opening it to a limited subset of the people who have subscribed to our mailing list (which you can do on timechain.com) - we don't want to release to the general public if there are any risks considering the matter we're dealing it. So in general I would say you can expect to have it during the last beta iterations at the earliest (which is likely 3-6 weeks away) Are you going to engage those people to make some kind of video review of beta testing? |
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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?
I do not know if this is accurately - 5% partnerships, 7.5% legal, 12.5% operations, 15% technology, 15% promotion/marketing, 15% reserves, 30% liquidity  What would be liquidity exactly? |
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