What is Bitkub Coin?
Bitkub Coin (KUB) is a digital coin with many uses (Utility Coin) in the ecosystem of the Bitkub Chain, which can be used for transaction fees and exchanging fees. Bitkub Blockchain Technology Co., Ltd is one of the subsidiaries of Bitkub Capital Group Holdings, which is a Thai company with the aim of popularizing blockchain technology through the development of decentralized finance.
Other than being a utility coin for fees payment, Bitkub Coin can be used as means of purchase for goods and services from Bitkub’s partners. Bitkub Coin holders can also gain more benefits by keeping their Bitkub Coin in the digital wallet application, Bitkub NEXT, then depositing their KUB in order to receive digital assets and rewards from Bitkub partners.
There are about 110,000,000 Bitkub Coins created on the Proof-of-Authority system for efficiency, which will transition to a Proof-of-Stake-Authority system to finally becoming a Proof-of-Stake based digital asset, having about 11 validators which are as follows.
Saha Pathanapibul Public Company Limited
Siamraj Public Company Limited
Ananda Development Public Company Limited
Proen Corp Public Company Limited
SIS Distribution Public Company Limited (Thailand)
Six Network Company (Singapore)
Huawei Technologies Limited (Thailand)
Getlinks Company Limited (Thailand)
TPCS Public Company Limited
Smart Contract Blockchain Studio Company
2C2P Company Limited (Thailand)
Prominent Points of Bitkub Coin
Bitkub Chain works on the Proof-of-Authority system, which will transition into a Proof-of-Stake system in which both systems perform at high speeds in validating transactions.
Ease of Access to Thai People
Those who need to use the blockchain technology for the development of their offerings, and those who want to invest in cryptocurrencies in Thailand are able to gain access to it easily with the Bitkub Chain.
Lowering Trading Fees
Bitkub Coin can be exchanged for fee credit to be used as transaction fee whenever buying or selling cryptocurrencies on the Bitkub Exchange.
Privilege of Bitkub Coin Holders
People who are holding Bitkub Coins are able to deposit their coins through the application Bitkub NEXT in order to receive benefits and rewards.
Biktub Chain is one of the blockchain networks created by Thai people, which is a great opportunity for people to create projects and applications such as dApps, utility tokens, and NFTs with minimal fees and fast speeds.
This makes Bitkub Chain an interesting blockchain for Thai people, because there hasn’t been a blockchain created in Thailand as yet, where most people will have to rely on overseas blockchains to work on projects and ideas, which could involve high fees.