Kyber Network exchange opens up for a public beta

Kyber Network opens its doors for the general public in an open beta release of their new decentralized exchang
20 March 2018   947

While the legislate efforts of various governments are quite heavily restricting the development of cryptocurrency market, one of the main inside hurdles to overcome is the centralized nature of the exchanges. The whole concept of cryptocurrency as a decentralized digital asset is restricted by the nature of the current exchanges as the companies who are, first of all, concerned with their profits and, therefore, aim to keep funds firmly on their platforms.

Kyber Network aims to correct this with their new decentralized exchange. Their ICO was a huge success, raising over 200,000 ETH in the public event on September, 2017. and now, they are ready to present the results of their work in an open beta. Closed beta test has been conducted with a limited user access, to better fish out the bugs in a controlled environment. And yesterday, starting on March 19th 3PM (GMT+8), the open beta phase with a full access was presented to the public. The developers encourage users to activate their accounts and start trading.

The main pros of the Kyber Network exchange are complete liquidity in trading any tokens and securities and increased security. The latter is achieved by the company itself not holding to any of the users' crypto. Of course, there is a reserve vault of digital currencies to ensure the aforementioned liquidity, but it will be managed by the independent “reserve managers”, whose purpose is to provide support for the trading pairs. They wouldn't monopolize the pair, of course, when there is a request to trade a certain cryptocurrency or token to another one, the automated system will look for the best possible rates and finalize the deal based on this particular offer.

The Kyber Network is a next step to a true peer-to-peer crypto exchange that everyone has been waiting for, but it remains to be seen, whether or not they will be as successful in their operations, as in their ICO campaign

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.