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I see that 20% KuBitX tokens will be allocated for Investment Fund.Can you tell us more about it?

KuBitX is a Hybrid Crypto Exchange, meaning we will be having initiatives and investment that will bring the mainstream financial institutions wiling and ready to partner into our exchange ecosystem.
One of them is the purchase of a Bank which the investment fund will be used for.

As this investments grow, our investors thats invested in the KBX token will start seeing not just a good appreciation of the KBX token, BUT also a very low volatility on the KBX token which is very common in tokens thats void of some mainstream use cases.

I did not know you were planning to purchase a Bank, it looks like a huge project.

Why do you plan to buy a bank?And does that literally means to buy a bank?

We are in the process of our licensed Bank acquisition which is going to be the first in the line up of plans we have for the African market. We already have a legal presence in Zimbabwe and plan to do same in many other African countries. We will run them as KuBitX Subsidiaries to reach the grass roots and meet their needs locally. We also have other discussions going on which we will be in a better position to announce once the legal aspects are concluded. Please stay tuned for further announcements.

If you make these things possible then definitely Kubitx will become one of best exchange in Africa, So whether you got approval from the Banking or it is still in the process?

It is still under process at the moment. Stay tuned for more announcement in the future!

At what stage are you in the process at the moment?