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Qbux Introduction

The Qbix Company

Image by Domenico Loia

Redeeming QBUX with Qbix

Over the last 8 years, Qbix has already built up the Platform, and a growing business building apps for paying customers. These apps are typically multi-user apps that connect people and let them collaborate on various activities and documents. The types of communities they serve include festivals, political campaigns, religious and political organizations, educational institutions, and more. Increasingly, companies and organizations are looking for alternatives where they can own their own data and relationships, than trusting a centralized platform like Facebook. They can customize everything and exercise the same kind of control they would with Wordpress, instead of relying on whatever software and policies are provided by the closed-source, monolithic platform.

Qbix, Inc. is the first company to redeem QBUX, which can be used to pay for hosting a growing number of ready-made social web widgets, for viral invitations driving traffic to a website, or for custom software development. Redeeming QBUX at Qbix is subject to two limitations, at least until May, 2020:

  1. Each customer (organization) can only redeem up to 1,000,000 QBUX per month

  2. QBUX can be used to pay for up to 50% of the charges, the other 50% must be paid in fiat, Bitcoin or other currency acceptable to Qbix, Inc.

These limitations are similar to Groupon deals for a merchant, or insurance copays at a doctor, or to ticket sales to a venue. Any unused QBUX can be sold to others, to help QBUX holders avoid losing money to breakage. This is similar to secondary markets like StubHub for tickets.

Social Browser

Qbix is launching a Social Browser, that will enable people to share news, events, articles, videos and other digital content on the Web with one another, and discuss them. Unlike Facebook and Twitter, people will have the option to keep their contacts and data securely on their phone, and privately share in a peer-to-peer manner. They will be able to browse the Web, see personalized content, and see what friends are reading, without the website knowing anything about them or their friends.

Qbix, Inc. is the first company to redeem QBUX, which can be used to pay for hosting a growing number of ready-made social web widgets, for viral invitations driving traffic to a website, or for custom software development. Redeeming QBUX at Qbix is subject to two limitations, at least until May, 2020:

  1. Each customer (organization) can only redeem up to 1,000,000 QBUX per month

  2. QBUX can be used to pay for up to 50% of the charges, the other 50% must be paid in fiat, Bitcoin or other currency acceptable to Qbix, Inc.

These limitations are similar to Groupon deals for a merchant, or insurance copays at a doctor, or to ticket sales to a venue. Any unused QBUX can be sold to others, to help QBUX holders avoid losing money to breakage. This is similar to secondary markets like StubHub for tickets.

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