SINGAPORE, 12 April 2023 /PRNewswire/ — What is Bitkub Chain and what are the key roles of the Bitkub Chain ecosystem?
Bitkub Blockchain Technology Co., Ltd. is a company operating under Bitkub Capital Group Holdings Co., Ltd., which was established on 28 February 2018with a registered capital of 778 million THB. Bitkub Blockchain Technology Co., Ltd. is involved in computer services and information technology, particularly in the development and design of blockchain technology. Their goal is to create Bitkub Chain, a widely used platform for industries and businesses, to provide easy access to digital assets for everyone.
“Listing KUB on Coinstore is a significant step towards establishing Bitkub Chain as blockchain infrastructure in Southeast Asia. This move will expand the use of Bitkub Chain, increase global awareness of the platform, and attract more users in the future,” said Passakorn Pannok, CEO of Bitkub Blockchain Technology Co., Ltd.
Bitkub Chain is an open source blockchain aimed at mass adoption of blockchain technology for small and medium-sized enterprise developers in the Bitkub ecosystem. Bitkub Chain advocates first gradually removing many of the obstacles found in the current blockchain ecosystem in Thailand. Thailand lack their own infrastructure, and these infrastructure providers charge extremely high gas taxes, which is one of the problems faced by Thai retailers and business owners.
Bitkub Chain aims to provide various partners with user-friendly infrastructure solutions to promote innovation and create a unified ecosystem around Bitkub Chain. These partners can also operate nodes and become validators to reduce fees, while combining with other projects on the Bitkub Chain.
Bitkub Chain’s vision is to democratize financial opportunity and create unprecedented levels of financial access and security for all.
KUB Token Overview
Token Name: Bitkub Coin
Token Symbol: KUB
Total supply: 110,000,000
Initial Circulating Supply: 85,000,000
Coinstore.com listing
Trading pair: KUB/USDT
Trading time: TBA
Withdrawal time: TBA
What is the use of the Bitkub coin (KUB)?
The KUB token is the native cryptocurrency of the Bitkub Chain, and it serves several tools on the platform. Here are some of the main tools of the KUB token:
Gas tax: KUB is used as a unit of measure for the amount of work done by validators in the Bitkub chain. Users must pay KUB as a gas fee or transaction fee in the transaction to join the Bitkub chain and complete the transaction on the network.
Tax credits: KUB holders can exchange their tokens for fee credits on the Bitkub Exchange, which can be used to offset transaction fees and other platform fees.
Lock and Release: KUB holders can deposit their tokens into the Bitkub NEXT wallet within a specified period to receive digital assets and other benefits from Bitkub’s partners.
Exchange of goods and services with BBT partners: KUB holders may use their tokens to receive special goods or services from Bitkub’s partners, although such actions are based solely on marketing campaigns.
KUB token distribution
*Note: The information above comes from Bitkub official website and White paper for the Bitkub chain
Bitkub chain official media
Website | Twitter (@BitkubOfficial) | Telegram
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