Jul 31 2018
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.
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.
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.
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.
- 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.
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.
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.
- 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.
- 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.
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.
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.
For further information concerning the token sale, you can visit one of the web pages here.
Posted by kurniawan05
Aug 3 2018
Dealjoy And The Groundbreaking Cash Back Platform
As the information and technology progress, there is a lot of human advancement that has been felt by the humanity itself, and one of them is the online shop revolution. The online shop is genuinely revolutionizing the way of personal shopping since the traditional shopping is very different since it utilizes the technology and the proper equipment, whereas the traditional shopping will involve a large building that acts as a store and the warehouse. It means that the store needs to be more significant for the store to have more goods and so forth. This is very inefficient since the store needs to be big enough and then the merchants need to spend a lot of money to open their shop. The customer also needs to come to their shop and purchase their goods directly, which the store could not have since the store won’t have everything due to the size and the capital.
But that is only not happening in the world of the online shop. The online shop platform such as the Alibaba and the Amazon is merely the collection of the smaller online shop which sells everything, from the electronics stuff to vehicles, and so forth. Those shops will almost have anything that is wanted by the customer, and the amount will be tremendous so that the customer will have many options and choices since the online shop consists of so many merchants and vendors. The customer also will be able to shop there with just a swipe of the hand, and the goods will be then delivered to the customer’s place via delivery express. That is a very convenient way to do some shopping.
But even if those mechanisms already seems flawless, there are a lot of issues that are now still plaguing the online shop system and thus reducing the experience of the user to shop via online. These issues need to be resolved as fast as they can to make to encourage more user to do some online shop. Here are the issues of the online shop that we faced recently.
This issue related to the goods and the information that is contained in the goods itself. As we can see, the goods in the online shop will be described by the merchants, and that information is the only way to know the quality of the products itself. There are some people out there who put an inaccurate description of products and thus making the customer disappointed or even shocked as they have already received the goods. Those issues are very damaging to the whole online shop ecosystem as it makes the people less trusting to the online shop and thus makes the people avoiding the online shop and returns to the traditional shopping.
The cash back features are probably one of the essential features of the online shop that has successfully attracted so many people into shopping in the online shop. This is because the cash back will allow the people to gain money while shopping and the people can use that money to shop more. That is brilliant, but unfortunately, there are several complications on the issue, and one of them is the mechanism itself. Up until now, the mechanism of the cashback has been very limiting as the customer need to spend a minimum portion of their money to get their cash back. The cash back withdrawal also will take a long time since the user can only redeem it after 2 or 3 months per transaction. That is quite tedious and therefore need to be set correctly by the other platform.
The transaction that has already occurred in the world of online shopping is quite convenient but still is centralized which are using the banking system. The user will need to send the money via their ATM, be it mobile or physical ATM to the merchants. There is no a single platform that can store the money in their app so that the customer doesn’t have to send the money via the bank. This way, the mechanism of the transaction will be much decentralized and therefore make the user more convenient for receiving and purchasing the goods. Having an own currency or the ability to store the money in an app is a significant boost for the people to shop more.
When a big data has been collected by the platform, they are tempted to sell it to the highest bidder so that they can have more money, be it for the platform or themselves. That is outrageous since they are selling the private information that exists in their platform concerning the purchase patterns of a satisfied customer to know the existing trends. This kind of market research practices has been denounced and condemned by so many people and therefore need to be stopped at once. The platform needs to respect the privacy of their customer, even if the customer doesn’t seem aware that their data is being sold to the bidder.
Online shop is just like the heaven for all the shoppers, as they will have so many things inside the online shop, from the humble clothing to the expensive cars, etc. the staggering number of the online shop and the merchants also help the customer in providing the variety of the goods that exist within a platform. The ecosystem of the online shop is somewhat useful since it has already been decentralized from the very first time, but still, it needs a lot of work to improve the ecosystem. Today, the improvement already comes in the form of the new third party platform called the dealjoy.
For more information concerning the current online shop issue, you can visit here.
How Dealjoy Tackle The Existing Issue
As we have mentioned above, there are so many issues that are revolving in the world of an online shop, and dealjoy won’t address them all since it has a massive amount of requirement to do so. The dealjoy will resolve the two most prominent issue, which is the transaction mechanism and the cash back. There are also a lot of features that dealjoy will offer to the people to maximize their online shopping experience and encouraging the whole ecosystem. Dealjoy itself is a blockchain supported platform that has their token and ecosystem which are directed to help the customer benefit more while shopping online.
Dealjoy is the third-party apps that have been integrated into several big online shops such as the Amazon, Alibaba, Microsoft, Nike and so forth. As you can see, there are various shops that as already existed on the platform so that you will have the right amount of options while shopping there. Here are several features that are offered by dealjoy to the customer.
This issue has been addressed at first, as the inconvenience of the customer to do some transaction since they need to go to the particular ATM and then pay the merchants. This app will have the ability to store your money inside, in the form of the token and the fiat currencies so that in the time you want to make a transaction to a particular vendor; you don’t have to go to the ATM since you can pay there directly. This kind of mechanism is already owned by the multi-transaction platform, and therefore this platform will utilize these features for the benefit of their customer. The customer then can shop conveniently and instantly since they can directly pay for the merchants using the money that has been inserted to the apps.
Cashback is what the people want in the term of an online shop, and that is what the platform offers, which is the instant cash back. The cash back will be received instantly and without any constraints such as the minimum amount of money that needs to be spent by the customer to have their cash back. The cash back will be received in the form of the deal token, and the token can be used to purchase something in the deal shop that can be accessed by the user. This makes the user will be able to shop more as they receive the cash back almost instantly in the time they already received the cash back.
Dealfeed might look just like the app tracking that is employed by the big companies, but that is a very different thing since this features operate using the algorithm that automatically actives once the customer has already interacted within the platforms. Dealfeed is the ability for the platform to know and suggest about what kind of goods that are desired by the user based on their recent activities and their recent purchases. It is just a suggestion though, so it will have no consequences at all, as the user can also search the goods for themselves outside the suggestion. There is no tracking app or broad survey question that might offend or reveal the secret of the customer.
The privacy is the most critical thing in the online world today, as many people are exposed to the internet world. The platform will not have an extensive question when someone decides to make the account in the platform, As the platform will only ask the questions about the email and the nickname that the user wants to have. That simple question is all that is takes for a person to enter the ecosystem of this platform without having to enter their address or phone number, etc. which are a breach of privacy.
Besides those features, there are a lot of features that can be accessed by the user when they join the ecosystem that will surely benefit the user themselves. For further information concerning the platform, you can refer to the web pages here.
Deal Token Usage And The ICO
As you already know, the platform also issues the token as they are integrated into the blockchain system. There is two kind of usage of the token, and the first of all is apparently to buy stuff from the dealership. The token is also the cash back that will be received by the user so that they can store it in their wallet and use it to purchase goods. The dealership is also will allow the user to pay the stuff using the token and therefore the token will have the practical use which is very good.
The second usage of the token will be to upgrade the account into the dealjoy plus, or the premium account which will have several significant advantages such as the amount of token that will be received in the form of cash back, the rate of cashback payment, and so forth. Having the dealjoy plus is genuinely a long-term advantage, and therefore it is better to upgrade the account into premium dealjoy. Upgrading the dealjoy will spend the token, and that is another reason to purchase the token in the ICO phase.
As the ICO, typically three kinds of ICO are recognized by the platform, which are the seed or the private sales, the pre-sales and the public sales. Unfortunately, the website and the white paper has not yet released the exact date of the sales, but we do know that the sales will occur in late 2018, which is around November to December. And as for the cap, there will be 1.7 million USD soft cap, and 8.4 million hard caps. The total token supply is about 1.4 billion deal token, where 70% or 980 million token will be used in the sale, as the rest of them will be distributed to several parties such as the developer team, the strategic partnership, and the marketing team. If you are about to join the whitelist, then all you have to do is wait and stay tuned to their websites as they will announce it soon.
For further information concerning the token usage and the ICO, you can refer to the web pages below.
Posted by kurniawan05
By admin • Blockchain Technology 5,863 • Tags: ATM, benefit, Blockchain, cashback, Crypto, cryptocurrency, DEAL, dealjoy, ecommerce, ICO, information, money, online, pre ico, pre sale, technology, token, token sale, tracking