Bitkub Coin (KUB) is a native and utility coin of the Bitkub Chain that is used to fuel, operate, and govern the Bitkub Chain ecosystem. KUB has multiple utilities such as paying transaction fees, redeeming trading fee credit on Bitkub Exchange, and also transferring KUB to one another.
KUB holders can use KUB to pay for transaction fees on the Bitkub chain network.
KUB holders can use KUB to redeem trading fee credits on the Bitkub.com or Bitkub mobile application.
Our vision is to democratize economic opportunities and create an unprecedented level of financial access and security for everyone. Assets can be placed on the spectrum of liquidity, making the transfer of value frictionless, secure, and more efficient without the need for a third party. This blockchain infrastructure will allow for rapid financial transactions while unblocking real-life impactful use cases for individuals and businesses.
Bitkub Chain is built with a Proof of Authority (PoA) consensus algorithm, where a group of known and reputable validator nodes authorizes the transactions by validating and signing them, before producing a new block, which will be added to the chain. In order to maximize Network efficiency, a new block will be produced every 5 seconds.