KuBitX Exchange Shutdown

An Exchange

Dear KuBitan

Over the last 18 months we have continued to work on how we can drive financial inclusion in Africa and other emerging markets. We exposed two main blockchain related products to the market to see how well they help to accomplish this goal. In the course of those months, we obtained data and business intelligence to measure the impact of those products on our core mission. We are without doubt convinced that our KBX Wallet is better suited to breaking down financial barriers and borders and helping more people participate in the ever evolving digital economy. We are yet to do a public launch of our KBX Wallet but we already have almost 2,000 users of the beta release across the globe. The Exchange on the other hand has required an enormous level of effort  to impact the common man on the streets.

Consequently, we have taken a hard but savvy business decision to focus where our strength lies and follow the numbers, with the ultimate aim of connecting more people in emerging economies and empowering them to do business and share value across borders leveraging Blockchain and other exponential technologies. 

We therefore will be shutting down the KuBitX Exchange in the next 7 days and implore all our amazing customers to kindly move their coins and tokens to other relevant wallets. 

Our KBX Wallet, currently available on the Google PlayStore can be used to store XLM ( Stellar Lumens), KBX (Kubitcoin), and NGNX (Naira Tether), GHCX (Ghana Cedi Tether) at the moment and many other crypto assets and stable coins in future. Support for BTC and ETH storage will resume later this month at a date we will announce later via our Telegram Announcement Channel. Kindly move all your assets from the KuBitX Exchange by or before 27th May, 2020 to avoid any loss of funds. We are deeply sorry for the inconveniences caused and hope you can understand and appreciate this bold decision to focus our strength on what will truly help us deliver value to all KuBitans. 

We are also wrapping up the iOS version of our KBX Wallet and should have it ready for our expectant community members in June, 2020.

If you have any questions and would like to speak to us directly or learn more about our KBX Wallet, please join our weekly Blockchain training events on Fridays using this link https://bit.ly/KBXWallet

You may also write to us directly on [email protected] or contact our support via Telegram

Best Regards

KuBitX Team

TLDR

 ⁃ KuBitX Exchange will shutdown on 27 May, 2020

 ⁃ Business focus and mission will be driving financial inclusion using the KBX Wallet

 ⁃ All users with assets on the exchange should move their assets by/before 27 May, 2020

 ⁃ Join our weekly online sessions to engage us directly. Register here —> https://bit.ly/KBXWallet

 ⁃ KBX Wallet supports XLM, KBX, NGNX and GHCX. Support for BTC and ETH will happen later in the month

 ⁃ You can contact our support channels via Telegram or by writing to us at [email protected]

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