ICON, an interconnecting blockchain network, announced on January 19 that it has partnered with KyberNetwork, a decentralized exchange and payment service, to help employ scalable protocol of KyberNetwork’s token exchange services and interconnect with other blockchains participating in the ICON network.
According to the announcement, Kyber Network’s role in the partnership is to connect its token conversion services to ICON’s inter-blockchain network. KyberNetwork will promote liquidity of crypto-assets in the blockchain ecosystem, and improve the perception of tokens as a tradable asset class to the greater public.
The token exchange system is a key component of inter blockchain ecosystem. Our partnership with KyberNetwork brings us one step closer to interchain token exchange. Down the road, we hope to connect and support additional blockchains and tokens, eventually taking the place of today’s centralized exchange regime.
Foundation Council, ICON
At the moment of press, these are the main market parameters of ICX and KNC:
- Average Price: $8,24
- Market Cap: $3 130 822 144
- 24h Volume: $91 504 000
Kyber Network (KNC)
- Average price: $3,56
- Marketcap: $476 940 996
- 24h volume: $35 824 400