Kubo tokens used to pay for listings instead of BTC, will be burned from circulation and serve as a burning protocol for Kubo as requested by the community. This will introduce a new deflationary policy and over time will help in decreasing the overall supply of Kubo without forcing a mandatory burn event or causing a panic on the side of the community of investors. As continual development on Kubo’s various use cases occurs and increasing demand for the token by existing and new investors pours in, the ideal result is an increase in overall market price and market cap valuation gradually over the life of the project. Currently, the available markets for trading on TCX Hub are BTC, ETH, LTC, KUBO, and a true USD fiat market that is restricted to US residents that have passed the KYC verification process.
*** Only Kubo can be used to acquire any fiat pairing currently listed or will be listed in the future of TCXhub. Also, all updates and forks for projects listed will need to pay for changes in Kubo tokens. These tokens will also be burn in the same fashion listings fees are burn when paid for in Kubo.
** EUR Fiat market will be added at a later date. It is possible to pre-pay for it, as soon as it’s ready you will be auto added to the market.