Chubex
Chubex
Token: CBX


Secured Open Digital Assets Exchange for Everyone

ICO dates
Start date: 2018-05-01
End date:

Registrated in: Hong Kong

Platform: Ethereum
Type: ERC20

PREMIUM ICO

Chubex categories
Banking Cryptocurrency Investment Platform
Chubex token sale
KYC passing required No | Whitelist No | Restriction for countries None
Tokens for sale 175,000,000
Token distribution in ICO
60%
60%
Price 1 ETH = 6,000 CBX
Acceppting ETH
Chubex news, social
Chubex search trends in Google
Random whitepaper excerpts

CHUBEX
Decentralized Digital Assets Exchange
ABSTRACT
CHUBEX Decentralized Digital Assets Exchange
Most of the world’s cryptocurrency trading is done through centralized
exchanges such as GDax, Binance and Bittrex, etc. which are run by a single
entity, that in turn offers a one point of failure. Network and computer power
is centralized in regional servers while crypto-assets are placed on the exchange
wallets for trading, which are then reconciled when the user wants to withdraw.
Users of centralized exchanges deposit funds directly with the exchange, and the
exchange then becomes responsible for connecting the buying and selling orders
in real time. In recent months and years, there have been some high profile hacks
users’ crypto assets of worth millions of dollars’ worth were hacked and stolen.
At Chubex, we aim to revolutionize crypto trading by offering a state of the art,
open digital assets exchange with a zero-knowledge protocol that ensures
anonymity, privacy, a...

CHUBEX
Decentralized Digital Assets Exchange
Disclaimer
CHUBEX Decentralized Digital Assets Exchange
This white paper is intended for informational purposes only and provided 'as is' without guarantee
that the conclusions and statements herein are accurate or that its contents are free from error.
All warranties are expressly disclaimed, including, but not limited to, warranties of merchantability,
fitness for a particular purpose, title or non-infringement.
CHUBEX or its affiliates will under no circumstances be liable for damages of any kind (including, but
not limited to, direct, indirect, consequential, incidental, special or punitive damages, including loss of
profits, revenues, lost business or loss of use of products) resulting from or linked to the use, reference
to, or reliance on information contained herein. The general exclusion of liability extends to, but is not
limited to, any token holder, user, person, entity, partners, partner’s customer or end users and remains
unaffecte...

CHUBEX
Decentralized Digital Assets Exchange
• There is no guarantee that CHUBEX tokens will increase in value. CHUBEX tokens
might at any point decrease in price, even significantly, as a result of unforeseen events,
events beyond the control of the developers or due to force majeure circumstances. There is no
private or public insurance on funds collected in the initial token sale. All persons and parties involved
in the purchase of CHUBEX tokens do so at their own risk.
• While the developers intend to realize the CHUBEX project as described in this white paper,
some or all of its aspects, objectives and plans stated in this document may need revisions due to
unforeseen circumstances.
• The entirety of forward-looking statements, including but not limited to statements in regard
to CHUBEX’s and the distributor’s plans, future developments, investments, revenues, profitability,
industry trends and regulatory trends, are solely predictions involving various known and unknown
risks...

CHUBEX
Decentralized Digital Assets Exchange
Background
of CHUBEX Decentralized Digital Assets Exchange
Cryptocurrencies have exploded onto the global technology and financial scene in 2017. As of March,
2018, there are over 1200 different cryptocurrencies with a total market capitalization of over
$350 Billion (which even reached to 800+ Billion dollar in December 2017) according to
CoinMarketCap.com. One of the primary objective behind introduction of cryptocurrencies in general and
Bitcoin in particular, was the added advantage of cryptocurrency over traditional currency in its elimination
of third-party risk. In the Bitcoin white paper, Satoshi Nakamoto explained that by enabling peer-to-peer
payments, people would no longer need to trust a financial intermediary.
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one
party to another without going through a financial institution.”
As a result, instead of trusting an entity to keep ...

CHUBEX
Decentralized Digital Assets Exchange
Most of the world’s cryptocurrency trading is done through centralized exchanges such as Coinbase/GDax,
Binance, Bittrex, etc. which are run by a single entity, which in turn offers a point of failure. Network and
computer power is centralized in regional servers while crypto-assets must be placed on the exchange
wallets for trading, which are then reconciled when the user wants to withdraw. This interaction requires
trust in the exchange and Know Your Client (KYC: providing a third party with your ID) submissions are
usually mandatory. If something happens to the exchange your funds are at risk and sometimes even
completely lost.
These exchanges manage a person’s capital and private keys and facilitate trading. Users of centralized
exchanges deposit funds directly with the exchange, and the exchange then becomes responsible for
connecting the buying and selling orders in real time. The big risk with centralized exchanges is their
vulnerability to ha...

CHUBEX
Decentralized Digital Assets Exchange
Problems & Risks
associated with centralised exchanges
+
PROBLEMS
RISKS
=
CENTRALIZED
EXCHANGES
5.1 SUBJECT OF MAJOR HEISTS:
Because of the irreversible nature of cryptocurrency, it’s very attractive to cyber-criminals.
Billions of dollars’ worth of cryptocurrencies has been stolen from centralized exchanges in the past
and chances are it may continue in the future. Many examples exist like Japan’s Coincheck losing over
$500 million dollars of their customer’s money via hack or Coinbase’s system glitch accidentally
liquidating customer’s bank accounts.
5.2 CENTRALIZED EXCHANGES ARE OFTEN THE SUBJECT OF MAJOR ACCIDENTS:
As there are still many untapped commercial opportunities in the crypto-economy, there is a constant
inflow of technologically-inexperienced entrepreneurs attempting to capitalize on the new technology.
There have been many cases of centralized exchanges losing millions of ...

CHUBEX
Decentralized Digital Assets Exchange
5.4 SINGLE POINT OF FAILURE:
Hacking attacks or DDOS attacks are usually done on the centralized exchanges where hackers focuses
on attacking on a centralized server. Once they achieved that, they can steal whatever funds they want as
evident in past.
5.5 VOLUME PROBLEMS DUE TO TECHNICAL ISSUES:
On Sunday the 12th of November, 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.
Bithumb alone experienced a minimum downtime of 90 minutes during a peak trading period; the estimated
impact is more than 60,000 Bitcoin (BTC) worth of lost trade volume. Bithumb also made an organizational
decision to cancel all outstanding orders without notice and to put the exchange on pause, causing untold
loss for short-term traders, leaving them in confusion and unable to act. During this downtime, the ...

CHUBEX
Decentralized Digital Assets Exchange
Chubex
Decentralized Exchange
We present Chubex- a decentralized cryptocurrency
trading exchange— that is a trustless system which
CHUBEX
does not involve a third party holding user's funds.
An exchange that enables ERC20 token based trading
fast and safer by keeping the user and their digital
assets private and anonymous and identifying them
through wallet address. Chubex cuts out the
CHUBEX
middleman by creating a highly intelligent trustless
environment where deals are made through smart
contracts and atomic swaps so that currency never
passes through the hands of an escrow service -
it’s just peer-to-peer.
At Chubex, we are trying to revolutionize the centralized and decentralized exchange and to make a
change in how should all trading be like. Chubex offers a new, open digital assets exchange with a
zero-knowledge protocol that ensures anonymity, privacy, and transparency of any transaction...

Chubex Roadmap

1
Q1, 2018 Concept Development

Project brainstorm and develop
CHUBEX team.
2
Q2, 2018 Token Sales Event
May, 2018 - Early Bird Token Sales. June, 2018 - Pre-ICO Token Sales. July, 2018 - ICO Token Sales
3
Q3, 2018 Prototype Development
Design and implement the CHUBEX Exchange. Design and implement the decentralized gateway.
4
Q4, 2018 CHUBEX Exchange Trial Run
CHUBEX Exchange first trial run. CHUBEX Exchange global marketing campaign.
5
Q1, 2019 CHUBEX Exchange Official Launch/CHUBEX Tokens listing
CHUBEX Exchange launch globally. CHUBEX Tokens listed on major exchanges.
6
Q2, 2019 CHUBEX ICO Builder/CHUBEX Entertainment Applications
CHUBEX launches the ICO Builder Programme. CHUBEX team design and develop gaming & entertainment applications.
7
Q3, 2019 CHUBEX Roadmap Updates
CHUBEX team announce their future developments and update their roadmap for future projects.
Krisna James
Krisna James CTO/ Blockchain Expert

Priscilla Wong
Priscilla Wong CCO/Digital Marketing Expert

Vladimir Tikhomirov
Vladimir Tikhomirov Solidity Developer

M. Junaid Nawaz
M. Junaid Nawaz Web System Developer

Zohaid Qadir
Zohaid Qadir Web System Developer

Vladimir Tikhomirov
Vladimir Tikhomirov
Solidity Developer
CEO / Founder
Senior blockchain developer
Senior blockchain developer
CEO, founder