Korbex - ICO Review

The digital finance industry continues to evolve and mature with each new breakthrough, project, or concept. While it still has a long way to go before it gets properly regulated, the evolution of technology and its concepts themselves appear to be advancing as rapidly as ever.

Even so, there are still numerous issues throughout the crypto space that need to be addressed. From the technology of various crypto and blockchain projects, to technology of dApps, smart contracts, and even trading itself. Most of it is in need of simplification, as new investors continue to arrive in the crypto space, only to turn their back on it because they find it too complicated.

Then, there are various trading and investing strategies which coin holders can use to earn greater profits and make use of different opportunities that emerge along the way. However, it takes time to learn these strategies, and with constant advancements of the industry, many have already become obsolete, and replaced with new ones.

This is an issue that a project called Korbex wishes to resolve, by launching the next generation of digital asset exchange.

About Korbex

As mentioned, Korbex's goal is to become the next-gen financial platform, which would focus its efforts in multiple areas, but mostly on investment consulting, as well as management. It aims to use its AI Trader, in combination with machine learning.

In the future, the platform will also expand to include a decentralized cryptocurrency exchange (DEX) as part of its ecosystem. This will maximize liquidity, and provide their users and customers with all kinds of different choices.

Korbex is a Hong Kong-based digital assets exchange platform, which is owned and operated by Korbex Limited. It already offers some quite advanced trading features, and it claims to have maximum security measures in place, in order to protect their users' assets. The platform allows real-time, high-frequency trading over high-volume markets, and across various assets.

It also believes that current crypto exchanges suffer from many different issues that Korbex itself can either solve or avoid. At the same time, it wants to maximize profitability for its users, as well as introduce its own token. The token has yet to see its' launch, and the project has already announced its ICO.

Korbex ICO details

As mentioned, Korbex has announced its ICO, and has also revealed some information about it, and about its soon-to-be token. Unfortunately, the time and date of the ICO are not among the published information.

What is known is that token will be called KBX, and that it will be a utility token that is being developed on Ethereum's platform. It will be an ERC-20 token with its ICO price already determined. Interested investors will be able to obtain it for 0.0004 ETH per token.

Naturally, this also means that the project will be accepting ETH coins during its ICO. They even announced their hard cap, which sits at 40,000 ETH. The soft cap is currently unknown.

There is not much else that is known about the project at this point, apart from the fact that it was registered in Hong Kong, and that it has three restricted areas — China, Singapore, and the US. Everyone else can join, after going through Whitelist and KYC procedures.

Author: Ali Raza for Crypto-Rating.com

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StartAugust 1, 2019
EndOctober 31, 2019

People at Korbex didn't even have the decency to provide a ready-to-read whitepaper. They want me to download it from GitHub instead. I know that it isn't much of a hassle to download this paper, but it's just common courtesy for ICO projects to allow direct access to their presentations and reading materials. From the conceptual standpoint, Korbex is no different from the existing digital asset exchanges: same 0.1% trading fees and so on. Next-generation exchange? I highly doubt that!

Jean-Claude   October 1, 2019  

The project has a good vision, although it remains to be seen whether or not it will deliver. Even if it does, it will require quite a bit of effort and luck to beat the competition. As mentioned, there are numerous issues when it comes to crypto exchanges, and there are likely dozens of others willing to provide their own solution. Korbex will have to find a way to stand out and attract customers. It also lacks advisors, although it seems to have a good team.

Capta1nArch1e   August 26, 2019  

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