Quote from: Daniarkappetep on November 09, 2018, 01:06:48 PM

What is the economic value of your token on the platform? I think that only a big demand for tokens can guarantee a profit.

It is worthy of note that our token the KBX is a utility token. Apart from the trading fees which traders may prefer to pay with KBX token to get cheaper trading fees, we have other use cases for KBX.

Remittances
Foreign immigrant workers from developing countries send a lot of funds back to their home country with a view to help alleviate poverty conditions. As at 2016, US$ 442 billion was sent to developing countries through remittances alone. KuBitX can successfully capture even a small portion of the market (which will be easy through our strategic partnerships and the benefits the blockchain will have over existing options) this we will achieve using the KBX token.

Trade payments
KuBitX will provide the opportunity for intra African trade payments to occur at a cheaper rate and faster using the KBX token, this will also increase the utility of the KBX token and increasing the upside potential for our funders.

Payment for goods and services
KBX token will also be used for payment of goods and services for over 3000 merchants on our partners platform in Nigeria, which we have already acquired the APIs to connect to.

ETC.

Please check our product road map to see what we are offering https://kubitx.io/ProductRoadmap.pdf