Last Update
Apr 16, 2018
CubeBucks is an innovative asset-backed cryptocurrency that addresses some of the key concerns with cryptocurrencies that are regarded as inefficient, unreliable and risky. Some of these failure points include price volatility, extended transaction processing times, market manipulation, the inability to transact low-value payments, and the absence of any asset backing to justify the price of these cryptocurrencies.
The CubeBucks micropayment solution is conceptualised to address these issues and introduce a currency backed by assets as a safe store of value mechanism for transacting. CubeBucks is not based on current widespread generic blockchain protocol systems that rely on mining for continued coin release. Our approach is built on a secure Hybrid Flex, Multi-Sig, partially distributed ledger technology (spreading control of coins between multiple key holders, while maintaining ledger integrity and transaction processing across several nodes).
This revolutionary adoption and restructure of core systems offer other ways to achieve the desired incentive structure and influence behavior. The CubeBucks ledger platform offers transactional rules for how value is transferred and stored in this blockchain solution. Every CubeBucks coin comes with the promise of a guaranteed buyback by the company according to the conditions of our limited guarantee. The global demand for a safe secure store of value and stable universal currency is the purpose for the creation of CubeBucks, and we are ready for widespread adoption.
At CubeBucks we believe that money must serve the primary purpose that it was intended for, which are a medium of exchange, a unit of account and a store of value.
The solution by Cubebucks eliminates the need for using banking products. We facilitate payment directly between parties, commonly known as Peer-to-Peer (P2P) payment. Your money resides in your wallet, and when you effect payment it is instantaneous similar to giving cash.
As a crypto currency which is not linked to a sovereign country, it can facilitate instant, frictionless payments even across borders, with very low fees, enable low value transactions, and at very fast processing times
CubeBucks provides a means of exchange of value in systems where trust in central authority has been lost. Digital and analogue money up to now failed to provide a globally appealing and efficient means of payment
Regulatory evaluation and input.
