The last 12 months have not been the best of market conditions, but the test of the character of a team is in how much they are able to accomplish with so little. It speaks a lot about what they can do with adequate backing financially and otherwise. Needless to over-flog this, it is not in doubt that the KuBitX team has shown its resourcefulness in getting 2 live products ready for market with limited funding.
Our native token (KBX) has generated so much interest within the community and among our project stakeholders. People in the Telegram community are probably used to (or are maybe even tired of) an endless barrage of the phrase “when trade Kbx?” Well, we expect to finally put an end to these repetitions in the coming few weeks.
For a while, the project had needed some operational funding to accelerate the progress and little wins being made from time to time. Recently we scored a home run. One that should make our efforts more visible to our stakeholders. KuBitX recently secured some operational funding from a seed investor. We expect this to impact our products go-to-market positively even as we begin to acquire users and volume for both our PROW and Exchange respectively. We expect this to impact the value we’re bringing to your precious KBX asset.
What is in store for KBX (and its holders)?
We delayed the listing of KBX because we were working on strategies to bring more utility to the token beyond the typical exchange discounts and crypto dust conversion. We decided to not list KBX under pressure but to do so when we have brought some of the value bringing plans close to completion. Today there are at least 5 ways in which we are bringing utility and adoption to KBX, some are reasons for you to guard your tokens and be patient as the ride continues. Let us briefly talk about these 5 utility bringers.
- Loyalty discounts on the PROW — users who pay their bills on the PROW using KBX now get a cashback reward. We believe this will incentivize grassroots users to buy, hold and use KBX more.
- Periodic raffles for KBX users on the PROW — top users of KBX qualify for periodic raffles where they stand to win cash, tokens, vouchers, and products from African businesses and merchants
- Fiat exit from the Exchange — Traders will be able to exit their crypto to the available fiat/local stable coin via KBX
- Staking for passive income — Users will be able to stake their KBX to earn periodic passive income
- KBX markets — Trade in KBX markets without transaction fees
- IEO airdrops for KBX holders
- Cashback rewards at merchant stores for KBX adoption in Africa — to foster adoption of KBX as a means of payment within Africa.
“When trade KBX?”
You are tired of hearing this question, but you are probably even more tired of hearing “very soon”. What can we say without giving too much away at this time? It really is closer than you can imagine, we will not just fuel speculation and consequent distraction by giving another date. For those who are looking to start trading, we will give a few days/hours heads up before we commence trading activities.
To wrap this up…
We cannot advise what to do with your tokens, we can only keep working to bring it more utility and adoption; more ways to ensure that our patient holders get rewarded for their faith in the project in the long run. We always welcome constructive criticism and contributions on how to make our dear project a success story. We wish to appreciate those who have stood up to defend the project at any opportunity, you are part of the reason we go every day in search of big wins for KuBitX.
It is your project.
Know it. Have it. Secure it. Protect it. Defend it. Support it.
Warm Regards from the KuBitX Team
Blockchain and Cryptocurrency Awareness Tour #BCAT2020 Comes to an End
The Blockchain and Cryptocurrency Awareness Tour – #BCAT2020 has come to an end today day, October 20th, 2020.
The BCAT Program is the educational arm of CryptoTvplus and over the past 14 months has spread awareness on cryptocurrency and blockchain technology across the country even with foreigners joining to learn about blockchain and cryptocurrency and how they can plug into the revolution sweeping the world.
The #BCAT2020 commenced on the 11th of August, 2020 with over 1500 registered participants across the country and grew even more to 2000+ participants. With seasoned and experienced facilitators sharing their deep knowledge and experiences and helping to expose the participants to blockchain and cryptocurrency, we’ve been able to receive and document testimonies numbering over a hundred.
The 2020 Edition of BCAT held online on our Telegram Community and also via a Live show broadcasted across our social media platforms. The testimonies continue to warm our hearts. However, we must come to the end of this edition which was scheduled to terminate on the 26th of November, 2020.
As part of our mission in bringing cryptocurrency awareness to millions of people across Africa, BCAT will be restructured or reorganized to sharpen its focus and achieve even yet unprecedented successes. This will done via:
- As the nation opens up to more economic activities such that academic institutions are reopened, the Campus BCAT team will continue to visit academic institutions, bringing the awareness to millions of students across the country and the continent.
- While the Campus BCAT team will move from school to school just like in 2019, there will be the BCAT Miniseries which will hold once in a while with key focus on important and defining issues in the Blockchain and Cryptocurrency Industry.
Speaking on the development, CEO of CryptoTvplus, Tony Emeka said:
“The desire to see millions of people learn and understand how the blockchain and cryptocurrency world has continued to be our driving force. We’re not deterred in our commitment however, it’s imperative we restrategize and push on again but with broader goals and greater impact. The next phases of BCAT will be defining. We enjoin everyone to be expectant. The launch of our BCAT Miniseries will no doubt help to push our education mission”
For every of our facilitators: Miracle Nwokwu, Joseph Tola, Dotun Awosika, Marvelous Akpere, Henry Lucky, Emeka Ezike and Nathaniel Luz, we and on behalf of all participants of #BCAT2020 appreciate you deeply for your experiences, knowledge and hidden truth shared on this year’s edition of the Blockchain and Cryptocurrency Awareness Tour – BCAT2020.
We also appreciate the efforts of our volunteers, spreading the word and getting people to participate and learn about Blockchain and Cryptocurrency.
To all participants of BCAT2020, we say thank you and wish you all the best as we all journey on in the most disruptive of industries.
The Blockchain and Cryptocurrency Awareness Tour is an educational program by CryptoTvplus to spread awareness on blockchain and cryptocurrency across Nigeria and Africa. It started with its maiden edition in the University of Ibadan in 2019 after which it went across Nigeria to other institutions such as University of Port Harcourt, Obafemi Awolowo University and Covenant University and reached out to up-to 10,000 people. In 2020, owing to the global COVID-19 pandemic, it held online saw the up-to 2000 registered attendees.
Join our telegram Community
Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m
With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than 30% this year and recently surpassed an all-time high of $2,000 an ounce, as investors once again responded to market volatility by turning to the most trusted and longest-serving safe haven asset.
Accessibility, however, continues to be a problem for gold as an asset class. Adding gold to a portfolio presents well documented logistical challenges, primarily the cost of storage and difficulty of transfer, which can discourage or exclude investors.
Various blockchain-backed projects have attempted to address these obstacles, but many have failed due to their reliance on a centralized process which involved the issuer minting tokens on their own platform. This model created a single point of failure risk because users had to trust the issuer to hold the correct quantity of underlying gold.
In 2017, Aurus Technologies identified the need for a decentralized solution to this problem. The firm subsequently developed an open-ended blockchain platform which allows various stakeholders in the gold industry to independently mint their own gold-backed tokens, known as AurusGOLD (AWG). Each AWG token is redeemable for one gram of 99.99% gold sourced from LBMA-accredited refineries, held in independent vaults around the world. Direct Bullion was the first broker to participate in the Aurus ecosystem, tokenizing five kilograms in late 2019.
In addition to making ownership of gold more accessible, AWG also functions as a viable currency through the use of the firm’s newly launched AurusGOLD Card. It meets the three core criteria of a currency – the tokens allow it to be used as a medium of exchange, and it benefits from gold’s function as a store of value and unit of account. An inflation-hedged currency could prove valuable in the coming months and years following the unprecedented fiscal and monetary stimulus launched to offset the economic impact of the pandemic.
The ecosystem’s revenue-sharing model encourages gold providers and vaults to mint AurusGOLD tokens, as they earn an equal share of 30% of the revenues generated from the usage of AWG, through its transaction and storage fees. The other 70% of generated revenue is distributed to holders of a secondary token called AurusCOIN (AWX) which presents a unique investment opportunity in the entire Aurus ecosystem.
The Aurus team has a strong track record in the blockchain, commodities and financial sectors. Managing Director Guido van Stijn has held senior positions in commodity brokerages, he sits on the board of a major Latin American NGO and has advised Dutch banks and pension funds about leveraging blockchain technology. The firm has also carefully recruited highly experienced non-executive directors, including a former board member of a regulated gold trader, a former director of the UK’s biggest gold refinery and a former CEO of SPDR Gold Shares, provider of the world’s largest gold ETF. You can read more about them here.
Investing in the Aurus ecosystem
Returning to the investment opportunity – AurusCOIN (AWX) gives investors a stake in the Aurus ecosystem by delivering a regular revenue stream paid in AWG. Thereby making it one of the first instruments to generate a dividend for gold investors. From the total supply of thirty million AWX tokens, Aurus is now offering institutional and sophisticated investors access to a maximum of five million AWX in an effort to raise $12,500,000. The first tranche of one million AWX is already on sale at a price of $2.50 per token.
Aurus will use the funds to develop and expand the ecosystem. The primary goal is to boost AWG’s market capitalization to $10 million and daily traded volume to $300,000 by the end of the first quarter of 2021. The firm also plans to add more gold providers and vaulting partners to further increase the decentralization of the Aurus ecosystem, as well as introducing new distribution channels and other commodity backed tokens.
Aurus is playing a critical role in the democratization of the gold market. AurusGOLD (AWG) gives holders the chance to trade as little as a few cents worth of the precious yellow metal, and it functions as a sustainable and globally viable currency. Investing in AurusCOIN (AWX) not only supports the launch of this new product in one of the world’s oldest industries, but it also provides valuable portfolio diversification and a passive revenue stream in the form of gold delivered by an innovative asset class.
For a copy of the Investor Brochure, click here.
PLAAS Appoints Emmanuel Adams As The New CEO
PLAAS Farmers’ Chain, a Botswana based agri-tech blockchain technology company announced onboarding Emmanuel Adams as its new CEO along with launch of its new DeFI project pFARM governance platform.
PLAAS Farmers’ Chain, a leading agricultural tech blockchain company based in Africa, announced appointing Emmanuel Adams as the new Chief Executive Officer effective September 2020. Emmanuel Adams succeeds the founder and the current CEO Alakanani Itireleng as she relinquishes her present role to continue focusing on Bitcoin development in the region.
PLAAS also announced launching a state of the art DeFi project pFARM, which brings in an efficient governance platform that the various pFARM stakeholders and the PLAAS locked holders can use to vote on the proposals PLAAS platform. pFARM helps in streamlining the farming processes offering a high level of operational efficiency across the channels.
Emmanuel Adams, The New CEO Is An Industry Stalwart
Emmanuel Adams is a highly acclaimed and well-acknowledged name in agritech Blockchain, wherein he has played a pivotal role in consulting and mentoring several startups in the region. His extensive industry experience and
He joined PLAAS farmers’ Chain in November 2018 as the Strategic Advisor and has since then served the company in several roles. Most recently, he held the position of Head of Partnerships and Integrations before rising to the role of CEO. Before joining PLAAS, he has worked with numerous startups and companies in Bitcoin and cryptocurrencies. He is also the founder and president of AfroDex Labs, a leading blockchain company in AFRICA. Based out in Nigeria, he is an ardent fan of technology, Blockchain, entrepreneurship and writing. Emmanuel Adams has coached several startups and serves as an advisor at the Refine Medium; he has also been part of the Lead Advisory Board for the TITAproject.io.
The New CEO Thanked God For The Opportunity
He took to his LinkedIn account to thank God for giving him the opportunity to serve as the CEO of Africa’s most prominent agriculture technology blockchain firm. Further, he asked his contacts to share the ideas and what they expect from the firm in the future.
New DeFi Project pFARM for Higher Efficiency
The Decentralized Financing platforms help create a more accessible and permissionless system in which every stakeholder can easily interact with the system without the need for any middleman or agencies. PLAAS brings in the DeFi project pFarm, which creates a powerful and power platform for the agri-tech and boosts its significance in the market.
New Chapter for PLAAS
With the incoming CEO having extensive experience in the field and introduction of a new DeFI pFARM platform the company is aiming to diversify and expand its reach in the agritech.
About PLAAS,, A Front Runner In Blockchain in Agritech
PLAAS is Botswana, Africa based startup in the agriculture technology prudently developed the first of its kind blockchain-backed platform which helps the farmers across the continent to manage their farming operations and streamlines its processes efficiently. With its state of the art solution, PLAAS enables the farmers and the various co-operative agencies to easily manage and control their productions and stocks on a new age blockchain system.
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