[ANN][ICO] KUBITX - Cryptocurrency Exchange & Trading Platform

[Kvazimir]

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?

Here is interesting article considering this issue

https://www.bitcoinmarketjournal.com/token-liquidity/

Great! Thank you for sharing.

[sexymadafaka]

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?

Here is interesting article considering this issue

https://www.bitcoinmarketjournal.com/token-liquidity/

Great! Thank you for sharing.

This explains coin liquidity in a good way.

[killer9966]

Will kubitx have a 2FA mechanism?

[djuro74556]

When do I receive my  bounty tokens?

After end of sale,thats when usually you get the bounty  tokens.

Or maybe a bit later if those bounty tokens count as bonus tokens and they are locked.

I did not know that bounty tokens are counted as a bonus tokens

SOmetimes they are, one project counted them as bonus recently and lots of bounty hunters were very unhappy.

Haha, understandable ... but maybe this is a little bit more honest.

Honesty is a best way to go!

[buraz]

Is Kubitx token pegged to any cryptocurrency?

I think it is paged to ETH.

ETH is the most wide spread platform.

[Blueoyster]

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

This is pretty solid allocation of resources if you ask me, why the long face?

[Londondungeon]

When do I receive my  bounty tokens?

After end of sale,thats when usually you get the bounty  tokens.

Or maybe a bit later if those bounty tokens count as bonus tokens and they are locked.

I did not know that bounty tokens are counted as a bonus tokens

SOmetimes they are, one project counted them as bonus recently and lots of bounty hunters were very unhappy.

Haha, understandable ... but maybe this is a little bit more honest.

Yeah, project tend to underestimate bounty hunters, but I wouldn't mess with that wild bunch

[BigcountryRoy]

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

I would be a bit more happy if then percentage for marketing and promotion was a bit higher though.Solid overall.

[HiLander]

Will kubitx have a 2FA mechanism?

I would say that is a must.Today focus must be on security above all else.There is too much scams and dirt in crypto.People that do not learn loose all they have in a heartbeat.Making 2fa obligatory should be the way to go for all exchanges and make people learn how to use it.

[STUNTMANMAJK]

Will kubitx have a 2FA mechanism?

Can someone explain what this mechanism is and how it works?

[Desmozgenes]

Will kubitx have a 2FA mechanism?

Can someone explain what this mechanism is and how it works?

Two Factor Authentication, also known as 2FA, two step verification or TFA (as an acronym), is an extra layer of security that is known as "multi factor authentication" that requires not only a password and username but also something that only, and only, that user has on them, i.e. a piece of information only they should know or have immediately to hand - such as a physical token.

[kojektea]

high rate ... a good program in my opinion 500 million tokens may be very many but with good projects and it can be a successful future

[Hilderman]

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

I think thats funds allocation,after the sale,not token allocation.

[Obi2024]

What pairings will you be offering?

KuBitX will have a seamless listing procedure and will list as many credible coins as possible as we progress. The exchange can accommodate over 680 Cryptocurrencies at the moment technically and can be increased to more than 1,500 within a short time. We have our strategy for an incremental approach to listing cryptocurrency. At the end of the day our listing strategies is a function of the market terrain and other community driven need, details of this will be made known. Coin listings are not announced until the required verification is done and a deal is signed with the coin owner(s).

[Obi2024]

They aims to create one stop platform for the users. But they are unable to proof that they are a really working platfor, thats why i dont want to invest in this project.

Our trade engine is built already and is undergoing the internal acceptance test
The exchange is planned to be launched as follows;
Exchange Beta Launch:  - August 6th, 2018

Main Exchange Launch:  - September 10th, 2018

[yuanbao2018]

Where can i see the procss, it would be good to see iive stats on investments. That could be good for investors and also the team.Have been waiting for this in a long time. Nobody should miss out on this ICO

[DOBARLOSZAO]

They aims to create one stop platform for the users. But they are unable to proof that they are a really working platfor, thats why i dont want to invest in this project.

Our trade engine is built already and is undergoing the internal acceptance test
The exchange is planned to be launched as follows;
Exchange Beta Launch:  - August 6th, 2018

Main Exchange Launch:  - September 10th, 2018

Is this going to be open BETA testing?

[lipochka_s]

I heard a lot about this project in social networks, 100% of the advertising campaign, also noticed a high activity in the Telegram group. The project employs hard consultants who have worked in this field for many years and have already solved many of the problems of past projects and brought them to a whole new level. They have experience in the field of e-commerce, financial market and capital market, banking, law, software development and Blockchain technology. Some of them are the general director and the founder of his company. They have partnerships with Modulus Global, Localau, WDM International, TGE Launch Media and UMS conferences. Cool!

[Obi2024]

Do you have some video guide that explains how to join the sale,how to go trough whole procedure?

We have put a guide together to ensure that our community understands the process of the TGE.
Please follow the process to participate in our TGE.

https://medium.com/@kubitx/kbx-token-generation-event-a-comprehensive-guide-250ae7e3e656

[Obi2024]

How do you plan to secure wallets from hacking?

KuBitX has identified and reviewed the industry best practices in terms of security measures and designed our platform to include top level security features to safeguard both the client’s funds and trading operations from hostile penetration attempts.
Some of the key security features include:
- Multi-Factor authentication
- All user data at rest are encrypted using the very strong encryption algorithm
- Secure cold storage with cold wallet management Cryptocurrency Security Standard (CCSS)
- KuBitX has developed a third-party code verification
- GDPR compliant.
- OWASP Top 10 Compliant & More.
- Anti DDoS Protection
- Web Application Firewall
- Robust user’s account security
- Defense in Depth Security for the platform
etc.
And other KuBitX customized security measures

Please check this write up showing how important security is for an exchange

KUBITX CARES ABOUT YOUR SECURITY!
Check the medium post
https://medium.com/@kubitx/kubitx-cares-about-your-security-5272078c694d