Introduction
KudosCoin or KUDOS for short, the coins issued by Kudos Blockchain Asset Exchange Platform. KudosCoin is a decentralized cryptocurrency Intended to target new and in experienced Bitcoin and Alternative Currency enthusiasts a new fresh currency from which to trade, mine and stake and be a part of a world class cryptocurrency exchange.
KudosCoin (KUDOS) will embrace electronic transfer of goods, small business and online purchases. Also trading and staking in the online community driven completely by supply and demand. In the online exchanges quickly gaining trust and respect amount is valued members and traders.
With your help, Kudos Exchange will build a world-class blockchain asset exchange, powering the future of cryptocurrency.
We will issue our coin, called the KudosCoin. A strict limit of 140 MM KUDOS will be created, never to be increased and currently 98 MM KUDOS for circulation with an inflation of 10% through PoS mining.
The Coin Properties:
Algorithm - Scrypt
Type - PoW/PoS
Coin Name - KudosCoin
Coin Abbreviation - KUDOS
RPC Port - 32434
P2P Port - 32433
Block Reward - 100 Coins
Max Coin Supply - 140,000,000 Coins
PoS Percentage - 10% per year
Coinbase Maturity - 20 Blocks
Target Spacing - 64 Seconds
Target Timespan - 1 Block
Transaction Confirmations 6 Blocks
Allocation% Amount (KUDOS) Participant
50.00% 49,000,000 ICO
39.80% 39,000,000 Founding Team
10.20% 10,000,000 Angel Investors
WHY KUDOS?
• Operating in accordance with AML Policy.
• Lowest transaction fees to reduce the cost of trading
• Trade with the highest number of cryptocurrencies available on one exchange
• Scalable up to 2 million transactions per second
• Ultra-secure platform using latest security protocols and designs
ICO The ICO will be done in BTC, LTC, BCC, DTC, XRP and ETH, on multiple platforms around the world.
Problems With Crypto Exchanges
As the Cryptocurrency environment matures, the inherent problems with centralized exchanges present themselves on an almost daily basis. Some of the current crypto exchanges suffer from a number of problems.
• Security of the platform
Some indicators that an exchange may have been compromised are:
• A long & persistent backlog of withdrawals (users waiting days to receive withdrawals)
• An increasingly large difference in the quoted price of coins compared to other exchanges
• Silence from operators who may stop responding to community questions/allegations
Rest assured, most people simply withdraw their coins to an offline wallet once purchased. That way you no longer need to worry about how safe the exchange is, because you now have sole control over the private keys.
There are hundreds of exchanges that went down due to being hacked. We have experience building financial systems to the highest security standards and strive to ensure security first.
It requires multi-level review and approval to check and use all online data and ensure the maximum security for user data. A next-generation security platform is designed from the ground up to counter attacks before they manifest in an organization’s environment.
• Volume Problems
On Sunday the 12th of November 2017, during a surge of volume across the cryptocurrency trading platforms, many of the major exchanges experienced delays and technical difficulties, as their servers were unable to cope with the massive influx of activity.
Registration invite links will be distributed to all the KudosEX users. Users will be able to enjoy the direct and indirect promotion bonus by inviting new users to register. For instance, if user Y registers via user X's invitation code and trade, then a certain potion of the trading fees will be awarded to user X as direct bonus.
• Liquidity Problems
Like all nascent markets, there is a lack of liquidity in crypto markets making them difficult to exit at the right price. Moreover, the lack of liquidity carries two main problems for crypto exchange users, namely: large spreads on the thin markets due to the low number of bids for the assets, in addition to demand and supply inefficiencies. Secondly, the large price swings on these thin markets means price slippage occurs, with trades not executed at the price proposed.
Our team has been in both the finance and crypto industry for many years.
• Poor customer service
The customer is the life-blood of business and unprofessionalism does not make anyone in the business equation feel valued. If the current cryptocurrency service providers forget this, there are plenty of companies with more experience who would gladly relieve them of any less-than-pleased customers.
KudosEx is built with service in mind and it shares support responsibilities across the entire staff and company. The best exchange is the one that you never have to contact their customer support and you can contact KudosEx Support team offers 24x7 customer services through multi-channels, including Support Ticket, Chat and e-mail, etc.
• Clearing and settlement
Another issue with crypto exchanges is how transactions are cleared and settled via their platforms. As cryptocurrencies exist within an unregulated space, clearing and settlement cannot occur through traditional, regulated channels, making clearing and settlement risks abnormally high.
The underlying technologies support infinite cryptocurrency trading pairs. Unique features that can help cryptocurrency managers to self register new cryptocurrency pairs and start trading automatically.
• Lack of technological capability
There are many exchanges operating sophisticated platforms, but by and large these do not offer the same quality of technology as the large global exchange groups.
Good tech people make many exchanges, but who have little or no experience in finance or in operating an exchange. Our team understands how these systems are built from the ground up. The trading system has adopted the hardware-accelerated and highly efficient memory matching technology and therefore it can guarantee no delay throughout the whole order process when the volume increases.
KudosEx offers security, high liquidity, and cross-platform trading. It also offers lower fees, margin trading, almost 100% uptime, etc.
ADVANTAGES
24/7 CUSTOMER SUPPORT
Kudos Exchange promises a high commitment to customer support with 24/7 availability.
Multiple Cryptocurrencies Support
KudosEX will support trading pairs in the following coins. In the early phase, KudosEx provides BTC, ETH, and USDT markets, which includes the trading pair of KUDOS, DTC, LTC, NEO and various highly negotiable ERC20 tokens.
More coins will be added over time. We generally will only add coins that have strong credibility, user base, and liquidity. Our platform support fiat currency depends on the local regulation such as USD, JPY, INR, PHP, EUR etc.
Device Coverage
We will provide cross-device platform allowing you to trade on many devices from your KudosEx account
For the mobile trader and investor
• Accessible from any browser on a PC, Mac, tablet or smartphone.
• Simple functionality with quick, reliable trading and order execution. Intuitive charting, technical analysis, and trading from the chart.
• Comprehensive information. Market research, news and economic calendar. Push-notifications and info-streams.
o Web-based trading client
o Android native client
o iOS native client
o Mobile HTML5 client
o REST API
For the professional trader - PC (Windows) native client
• Individual set-up over up to six screens, with dedicated modules per asset class. Fast and accurate order, trading and position management.
• Individualized market information. Streaming news with custom filters and directs access to KudosEx dealers via chat.
• A full suite of trading tools and facilities, built for speed. Advanced charting with annotations, moving averages, oscillators, volume studies and more.
Multilingual Support
We will support English, Russian, Indonesian, Chinese, Japanese and Korean on all of our user interfaces. (The very initial release will be in English only.) More languages will be added over time.
High Performance Order Matching Engine
KudosEx's proprietary order matching engine can process millions of orders with sub-millisecond latency. The whole system is designed to be fully distributed, highly available, and auto scalable, achieving the ultimate trading experience for traders around the globe.
The income of KudosEx mainly comes from the fees of user trade and withdraws. We promise to keep the fee rate low. KudosEx will charge a 0.1% fixed fee per trade. KudosEx offers the lowest rates available. When withdrawing cryptocurrencies from the platform, KudosEx may charge a small fee for withdrawals. KudosEx allows listing of innovative coins and other blockchain assets on the platform
KudosEx's expenses are mainly for operation, promotion and blockchain technology R&D.
R&D is a type of systematic activity conducted by a company, which combines basic and applied research in an attempt to discover solutions to problems.
KudosEx will be investing on into the new blockchain technology, R&D, promotion, and application. You can use KUDOS to pay for any fees on our platform, including but not limited to:
• Trading fee
• Withdraw fee
• Listing fee
When you use KUDOS to pay for fees, you will get discount The referral program offered by KudosEx, which provides upto 25% trading fees as commission to new-user inviters.
KudosEx payouts are made monthly, and aren’t restricted by an upper bonus limit.
TRADING FEE DISCOUNT
When placing orders to trade, holding a certain amount of KUDOS in KudosEx account can lower the trading fee
First Year Second Year Third Year Fourth Year Fifth Year
Discount 100% 50% 25% 10% No Discount
Buyback Plan
Every quarter, we will use 25% of our profits to buy back KUDOS until we buy 50% of all the KUDOS (25MM) back.
DECENTRALIZED EXCHANGE
KudosEx team is dedicated to blockchain technology R&D and is planned to release decentralized exchange features in the future. KUDOS will be used as one of the key base asset.
Roadmap – Development Plan
Q1 – 2018 • Initial fund ready, project started.
• White Paper released
• KudosCoin launched
• Core system development
• Blockexplorer Launching
• Windows, Mac, Linux Wallet.
• KudosCoin early phase distribution
Q2 - 2018 • Fundraising for Kudos Exchange in exchange of KudosCoin.
• Android Wallet
• Web Wallet
Q3 – 2018 • Kudos Exchange V1.0 release
• KudosCoin Listing
Q4 – 2018 • Launching Mobile apps (Android, iOS).
• Professional Trader Windows client releasing
KudosCoin -
www.kudoscoin.orgKudos Blockchain Asset Exchange -
www.kudosex.comJoin -
https://discord.gg/MuED7XkWeb & Android Wallet -
www.koinstation.com
