exchange

KubitX And The New Platform For Token Exchange

KubitX And The New Platform For Token Exchange

A token exchange is the most important thing for the cryptocurrency services and therefore the exchange need to be optimized in such a way that all customers can employ such services throughout the world. The cryptocurrency or the token has become new money that circulates in the global economy, along with the other fiat currencies. The token and the platform, still need to be improved though, since they carry so many issues which hamper the utility and usage of the token itself. The world of cryptocurrency is also just recently emerged, and therefore a majority of the people purchase the token without knowing the further details concerning the token itself, and therefore making the additional purchase and then resulting in the loss of money. This is an issue which needs to be taken down, and therefore all platform should strive hard to tackle this lack of education and information issue toward the general population of the world.

Secondly, a majority of the platform suffers the issue of practicability. The token, as we know, it is only useful within the platform to conduct several purchases or transaction, and they cannot be used just outside the platform. This makes the token very useless in the term of practicability since the token cannot be utilized to purchase the daily needs of the people. Even though there are also several platforms that attempt to solve those issues, they work uncoordinated and resulted in the abundance of the platform which intersects one after another, and therefore rendering them redundant and not so practical in the end. The coordination needs to be conducted per platform so that they can create a better ecosystem which is practical for the people to use.

As for the rest of the issues concerning the token and their usage, here are several of them.

  1. Scope

The cryptocurrency and the respective platform are and innovation to combat the old and aging business environment which are very centralized and benefit the few. But unfortunately, the scope of the platform is insufficient to the western countries such as western Europe and USA, and a little part of Asia. This means that the solution that is offered by the platform are not embracing the broad swath of the world and thus making the platform very exclusive and hard to be used in the majority of the countries. There are several issues for this parts, such as the tech barriers, the administrative and legal barriers, and so forth. The platform and the token need to be adopted by a majority of the countries so that they can feel the benefit of joining any particular ecosystem.

  1. Exchange

There is the infinite amount of token that revolves in the world, and each of the tokens has their value and type as well. That is a good thing since it gives the market a boost they need, and therefore encouraging the society to be integrated into the ecosystem of the platform. But due to the massive number of token that exists, the need to exchange the token become very important, but unfortunately there are not enough platform that provides such services. This leads to the tedious process of exchange, especially the token to the fiat currencies. The exchange also will require the user to pay a specific fee for the platform to gain profit and thus developing the platform. But that makes the user lost their money and therefore making the exchange impractical.

  1. Security

The security of the platform is also at risk, since several security issues need to be taken down by the platform, and one of them is the hacker. As we already know that the tech that brings the platform, which is the blockchain is somewhat new and still need a lot of work to improve the system. The hacker usually exploits the gap in the security to breach the protection layer and thus stealing the money. The report estimates that the hacker attack alone has cost the entire blockchain platform up to billions of dollars. This will ultimately shut the whole ecosystem if the issues are left untreated. The platform needs to have a coordinated work to increase the protection and the security of the blockchain and the smart ledger so that the hacker could no longer attack them.

  1. Improper customer services

Since the crypto-based business is very new in the global market, many people don’t understand how they work, and how do you even make the profit by joining one. This makes the people purchase the tokens simply it is the trend that currently goes viral, such as the bitcoin boom in recent years. We do know that the token is not a form of investment since there is no guarantee that the value of the token will be forever increased. That is not happening since the value of the token is fluctuating and thus making the newbie investor scratching their head. It is better for any platform, Or the token exchange platform has their supportive customer care which will tend to their customer and gives them the insight that they need before they purchase the token.

There are several reasons why people are purchasing the token, and one of them is to join the ecosystem of a platform, and the other to make the investment using the token. The next need to be educated that the token can increase their worth in the global market, but it can decrease since it is not a very solid form of investment such as the gold bar, some lands, or properties. Those are the issues that are plaguing the crypto world and need to be handled seriously. Otherwise the market and business of the cryptocurrency will start crumbling fast.

For further information regarding the crypto related issue, you can refer to the webpage here.

http://www.kubitx.io/

https://bitcointalk.org/index.php?topic=4628365.0

Kubit And It Role In Rejuvenating The Crypto World

As we already know, the world of cryptocurrency will always relate to the platform that issues the token or the cryptocurrency itself. The platform is the primary concern when it comes to the token since the platform will determine what kind of token that they will use, and how they will use the token. There are so many platforms that issue their token, and they come with a very different business concept which is very interesting. Some of the platforms run in the services, while the other works in the different lifestyle which are very important and fresh for the market. But one which makes them the same is, that they run to disrupt the world of the centralized and conventional business so that they can give a new alternative for the business.

It is also what happens with kubitX, which is also one of the leading platforms to disrupt the natural exchange platform ecosystem that is already existed today. It gives the alternative for the people so that they will have numerous possibilities and comparison when it comes to the token exchange platform. Here are several unique features of kubitX which could be used by the user for their gain.

  1. Adoption

The tactics of the platform are, to widespread the services as far as they can, so that more and more people adopt the platform. This is because the kubitX is not just an ordinary token exchange platform, just like any other else. KubitX will be able to store your money, be it in the form of a token and the fiat currencies so that you can have it as a wallet for your digital money. This is an essential service to simplify the methods of the transaction, especially in the region where the service of the bank is utterly lacking. The platform can serve as the ATM that can store your money, and you can use it without even having to have the physical paper money, just like the debt in the ATM.

  1. Rapid transaction

The world of blockchain and cryptocurrencies relies on the speed of the platform, and so do this kubitX platform. The transaction cap that can be conducted in the other exchange platform will be around 1 or 2 million transactions per second, and it means that there will be the delay of the transaction since there is a massive amount of transaction occurred in the blockchain per second. The kubitX will be able to have up to 12million transaction per second, and that number will steadily rise as the tech have been improved.

  1. Ultimate protection

As you have so many tokens that could be used for the daily purchase, you don’t want to lose it. The wallet or the place where you will store the token will be protected by the most sophisticated and advanced tech so that you will have a very secure and protected form of a wallet, and no hacker or cracker can do anything to your wallet.  The wallet will also have the multi-steps verification process so that only the user could access and exchange the token itself.

  1. Practical

There is nothing more satisfying than having the most efficient token platform at your disposal, and that is what kubitX is. As we have mentioned above, Kubitz will strive to implement the most advanced banking system in the remotest area of the world, so that they can have the banking services which could be used for a various occasion such as paying remittances,  merchants, funds transfer, bill payment and so forth. Those services are very crucial for the people since it will ease their life, and make them very comfortable in doing some financial transaction. The platform will also come in the mobile app to monitor your token and do all sort of transaction and exchange, and make this platform very versatile and practical.

More details About KubitX:

For further information concerning the usage of the platform, you can check these web pages.

https://www.kubitx.io/

https://kubitx.io/KuBitX_Whitepaper_v1.1_En.pdf

https://www.facebook.com/kubitx/


The ICO And The Allocation Of Funds

The platform does employ the token as it is the part of the cryptocurrency and the blockchain ecosystem. The token is just like any ordinary token, which is called the kubitX token and have the worth around 0.0001112 ETH per token. The token is mainly used within the ecosystem to do some transaction that is imperative. The first is to pay the fees of the token, which is required for all the users to do per transaction. The fees work just like the taxes that will automatically be added to the token worth per transaction, and therefore you can pay such fees by using any token you have. But when you use the kubitX token to pay such fees, therefore you will be able to reduce the value of the fee, and you will have a more significant amount of money in your transaction. The fee reduction using the token will be up to 20% per transaction.

The only way to get the token is to join the sale. There are three types of the sale, which are the seed or the private sale. This sale is already over, and the platform is now moving on to the second type of the sale which is the pre-sale. The pre-sale yields the bonus for up to 20% and will have the minimum purchase of 25 ETH. Currently, the platform is running the pre-sale, and the sale will end on 31st August 2018. And as for the third type of the sale, which is the main sale, it has not yet announced in their websites, but there is a good chance that the sale will occur just after the pre-sale, which is somewhere in September to November.

And as the caps, there is no cap for each since the platform employs the general caps for both sales. The soft cap will be around 10 thousand ETH and the hard cap will be 25 thousand ETH. The token supply will be around 500 million tokens, which half of them, or 250 million will be used In these sales, and like the rest of them will be appropriately distributed to several parties such as the founder team, the advisors, legal and reserves.

KubitX Roadmap:

For further information concerning the token sale, you can visit one of the web pages here.

https://www.kubitx.io/

https://t.me/kubitx_official

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

A Dawn For The Crypto Transaction: Fuzex

A Dawn For The Crypto Transaction: Fuzex

Cryptocurrency now is an evergrowing market with more and more platform come into play. That is a good thing since it will broaden the market and introduces the new way of paying and utility services that failed to delivered by the conventional and old-fashioned business style. Cryptocurrency also encourages the user to do more related to the platform, such as jogging, researching and etc in an event so called by the token mining. The token mining will allow the people to constantly dig out the trickle of the token in hope that the token will benefit them financially in near future. the people now are spending their time relentlessly to mine the token, such the bitcoin which use the graphics card and a series of the machine which will run for a month to gain even a single bitcoin. There are also several tokens which require you to do a series activity in order to mine their respective token.

After the token mine, what is the exact benefit for them? Surely they can use the token as the form of investment,  but that is actually not so practical since the value of each token is sometimes too low to be called investment worthy. There are also several merchants that accept one particular type of token, but unfortunately, that is just limited to several tokens and platform so not all the token are received in the global market. The use of the cryptocurrency now is facing a serious threat, which is the usability. The token unfortunately not so practical and therefore people calling it as the broken transaction mechanism since it is almost useless t have a massive amount of cryptocurrency in someone’s wallet since no merchant or vendor will accept them. You can exchange the token to a fiat currencies such as dollars, yen, euro and so forth, but the exchange mechanism is slow, tedious and no central banks are introduced so it is unclear for them to exchange the token.

But on the top of that, the cryptocurrency itself has all their need to fit the category to be a money. here are several crypto features that resemble the money perfectly.

  1. Scarcity

A money needs to be scarce and not so abundant. The scarcity of a money is needed to give them value and thus more valuable. We know the term of inflation or the reduced value of money and therefore the money becomes more and more worthless in the eye of an international economy. The perfect sample for this is the Zimbabwean dollars where they reach an absurd amount of money just to purchase a simple daily life. This is due to the excessive government printing out the money and thus reducing its value. When a cryptocurrency has been laid out, it will no longer produce the new token and thus make it extremely scarce for them.

  1. Durability

The money also needs to be durable, not easy to be broken down, burnt, or destroyed. The token of every platform comes in the digital token it means that the token is safely kept in each person’s wallet and will only be out should the transaction occurred. The system also protected by several layers of sophisticated cutting-edge protection so that it will be very secure and very protected. This is what makes the token more and more resembles the fiat currencies since the fiat currencies also come in the different form, be it physical and digital.

  1. Difficulty counterfeiting

Counterfeiting or faking the money has become a real issue in the fiat currencies. This is due to the conventional usage of the money-material which are paper. Any kind of paper, be it signed or using whatever protection is very prone to be counterfeited and therefore need an extra layer of protection. The token has not recognized yet the issue of the counterfeiting since as we already told above, that the system is protected and secured.  It is being protected by smart contract and the ledger to keep track of the transaction and so forth, making it very protected and thus very hard to counterfeit.

  1. Authenticity verification

The token also needs to be verified in order to know the difference between one token to the other. the token is many, as the other fiat currencies are. The token comes with so many forms and therefore the system needs to know the difference between one token to the other, and thus makes the system will differentiate each valuation. This also works in the system of federal banking which comes in the forms of fiat currencies exchange. The system knows to differentiate the fiat currencies and thus giving them the respective value.

But despite the features of the token, the token is still facing a serious issue which is the usability. No matter what kind of features of money that you have, the money will be worthless if the token can’t have the practicality and rendering them very hard to use in day to day life.

For further information concerning the token usage, you can access the website below.

https://fuzex.co/

https://bitcointalk.org/index.php?topic=2776789.0

https://fuzex.co/#WHITEPAPER

https://fuzex.co/wp-content/uploads/2018/01/FuzeX_whitepaper.pdf

 

The Emergence Of FuzeX

But finally, the technology has given birth to a new and ever practical platform, which is called as fuzex. This will tackle down the most problematic issue of the token which is the usage of the token to be used in day to day life. The fuzex will bridge the platform’s token and the merchants or vendor that not yet implement the token as their form of currencies that are accepted in such vendors. The vendors will need to do a series of action in order to integrate the token currencies as a form of their transaction. This will open up a new market and thus make the platform growing since the demand of the token will be massive as a new form of currency.

The card has several features which are very essential and critical for the user to do the transaction, there are several features of them.

  1. Store multiple tokens

Tokens of the platform are numerous, and thus the cards need to be able to hold several tokens account at once. And fortunately, the token is able to store up to 30 accounts or forms of token so that you don’t have to worry about the token that you already have. That is surely very convenient since you can have all sort of transaction and actually use the token for day to purchase.

  1. smart card

The card is not your typical plastic card such as the ATM cards that come from many banks. What makes this token is very different with the rest of the plastic card is, that the card implements the smart card which is accompanied with a built-in button to show how many token types that you own, and how many of each token that you have. All of that token will be displayed in the e-paper in the bottom right.

  1. Connection fuzex wallet

A wallet for cryptocurrency is very important to store the token and therefore need to be connected to the fuzex cards so that the cards can recognize by how many token that you own and thus making the transaction possible by the cardholder. The connection is rather simple since it is supported by the simple Bluetooth connection thus you can transfer the whole token data that exist in the wallet to your fuzex cards instantaneously.

  1. Rechargeable batteries

The token also have batteries to power up the display so that you can see the number of the token that you own. the batteries are rechargeable and can live up to several weeks even months. The batteries also not so thick therefore you will own a sleek and elegance type of cards that is very easy to hold and portable.

FuzeX Card Demo @ Mcdonalds

For further information concerning the platform and the fuzex cards, you can access one of the following websites.

https://twitter.com/fuzex_co

https://fuzex.co/

 

How To Use And Token Sale

The usage of fuzzex is actually rather simple and once you have integrated the certain vendor to the ecosystem of fuzzex, therefore you don’t have to repeat the system once again since you can just swipe the card and you can make a valid transaction almost instantaneously. These are the simple usage procedures of the token step by step.

  1. Download the fuzzex wallet

As we already stated before, the wallet is very important tools to transfer the cryptocurrency to your smart card. The application is very easy to download and is available in all kind of platform, be it android or apple. After the user downloads the apps, the user needs to follow several processes to verify the accounts and also counts the number of the token that they own. it is a very easy and simple step to follow.

  1. Do the transaction

In a case where you have chosen a certain vendor that has been integrated with the platform, then you can simply visit the merchant and do the transaction. It is a very easy step by step process where you need to hand over the smart card has that has already have the certain token number. Then the merchant will swipe the card in the swiping machine, and then the token will be reduced respectively to the amount of money that is required to be paid. After the transaction has been concluded, the user will receive the paper receipt and the notification in his/her wallet.

FuzeX Card & Fuze X Wallet Sending Crypto Demo

 

The Sale Of Token

As any of the other platform, they do issue the token for the use of the platform itself.  The platform issue the fuzzex token which is mainly used for two purposes. First is, the expansion of the transaction limit, as the transaction is limited by the system, by upgrading the system using the fuzzex token, you can increase the transaction limit so you can spend more token for the transaction. The second thing is the to lower the annual membership fee, which needs to be paid by all of the users on the platform. The membership fee is required to maintain the servers as well as protecting the integrity of the servers itself. The member that upgrade their account can pay for a lower price and thus increase overall profit.

And as for the sale, as usual, there are three kinds the sale on this platform. They are:

  1. Private sale

The private sale is the unofficial sale which is aimed at the merchant or the vendor owner who want to be integrated into the system. The private sale has reached the cap which is about 20 thousand ETH swiftly. And just like any other platform, the private sale usually holds the biggest amount of bonuses, and therefore it will have the biggest profit for every user.

  1. Pre-sale

The pre-sale is the sale that occurred from January 15th to February 15th, 2018. The period of the sale will occur for a whole one month, and the cap 20 thousand ETH is already raised swiftly. the sale is so popular to the point the public sale is canceled due to the hard cap has already reached in the private and pre-sale. It seems that the token is so popular due to the usage and the flexibility of the smart card itself.

The worth of the token is, as one ETH is worth 12 thousand FXT or fuzzex token, and the minimum purchase to join the system and gain the smart card is about 5 ETH and therefore you need to spend those amount of money to get the smart card once you already gained the smart card, you can start to download the app and use that to the vendor and then you can do the transaction using the token. but however be advised that there is a limitation of the transaction using the FXT and the smart card, but it can be raised if you upgrade your account using the FXT.

3. Public Sale

The FuzeX team reached 40,000 ETH hardcap for private & presale of early this year,  so it did not do any public sales.

For further information concerning the token sale, you can access the website below.

https://fuzex.co/

https://www.facebook.com/FuzeX.co/

https://t.me/FuzeX