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

[BigcountryRoy]

we know that the last few months some of the exchange has been attacked by hackers resulting in a loss of millions of dollars, there are some questions I will ask, firstly, is KubitX centralized or decentralized exchange platform? second, what kind of detail strategy does KubitX plan to provide more security to the user's assets?

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

I must say that this looks quite impressive.

[1714521320]

1714521320

[1714521320]

1714521320

[WhoWuWho]

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So no matter how big or small the funds are withdrawn, if it has been said "MUST" then everything must be verified automatically.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

[Jeremija]

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So no matter how big or small the funds are withdrawn, if it has been said "MUST" then everything must be verified automatically.

This is implied when it comes to withdrawing money, regardless of the amount.

[Kuksi]

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.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

Yeah, I wouldn't mind if people who trade with small amounts could remain anonymous.

[Dzefa]

What is the amount of tokens prepared for the bounty pool?

[MaZeeCM]

What is the amount of tokens prepared for the bounty pool?

The token distribution can be seen in our whitepaper

[DOBARLOSZAO]

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.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

Yeah, I wouldn't mind if people who trade with small amounts could remain anonymous.

Why have to split, I think it is fair that the same rules apply to everyone.

[Klackalica]

What is the amount of tokens prepared for the bounty pool?

You can find it on bounty thread to:

https://bitcointalk.org/index.php?topic=4632164

[james7854]

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?

[djuro74556]

we know that the last few months some of the exchange has been attacked by hackers resulting in a loss of millions of dollars, there are some questions I will ask, firstly, is KubitX centralized or decentralized exchange platform? second, what kind of detail strategy does KubitX plan to provide more security to the user's assets?

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

I must say that this looks quite impressive.

Kubitx has more features then most of similar projects!

[MaZeeCM]

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

[STUNTMANMAJK]

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

You can read here something about this issue.

https://blockexplorer.com/news/gdpr-blockchain-and-changes-to-cryptocurrency-services/

[yudi09]

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.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

Yeah, I wouldn't mind if people who trade with small amounts could remain anonymous.

Why have to split, I think it is fair that the same rules apply to everyone.

Yes, I agree, it's better if verification is required for all without exception, even though they only trade a little. but with the condition that the team must also be active and fast in processing verifications carried out by members, because I met several projects that had to verify the data but had to wait until it was received for about 3 months

[MonsterV]

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.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

What is flexible?
They said that identity verification was needed to trade and make withdrawals on the exchange. Then what's the problem?
Problems with large or small withdrawal values. They said it was necessary to verify identity, which meant that everyone who wanted to trade and make withdrawals on the exchange had to verify their identity.

[Tamrlan]

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.

So there won't be a way to trade anonymously on KubitX at all? I think you should be a bit more flexible.

What is flexible?
They said that identity verification was needed to trade and make withdrawals on the exchange. Then what's the problem?
Problems with large or small withdrawal values. They said it was necessary to verify identity, which meant that everyone who wanted to trade and make withdrawals on the exchange had to verify their identity.

MaZeeCM is a team member from KuBitX.
I have to help to straighten out. Quoting from the 2 posts above;

Will KubitX require us to verify our identity to be able to trade and make withdrawals on the exchange?

Yes, it will be required.

Licimur asked "require us to verify our identity?" And MaZeeCM (team member) said "Yes, it will be needed."
Nothing is said for large or small withdrawals, which means all must verify no matter how large or small the value is.

[bitcoinveda]

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

Yes, these people are adding very new features to the exchange which it is going to be very good competition to the present exchanges. I hope soon Kubitx will become very good exchange in the coming days because the team has very good experience towards exchange building and developments.

[Ajutokintumi]

Who do you consider to be your main competition?

[CillaryHlinton]

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?

[MaggieMcGill]

Whats the minimum amount needed to invest in order to join the sale?

[zulkarnaen]

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/