Kyber Network is updating to v2.0

Kyber Network is preparing for the launch of v2.0 on June 8 with a special event in Singapore to celebrate the update
05 June 2018   819

Kyber Network is rapidly advancing towards v2.0 scheduled to roll out on June 8. There will be a special event at JW Marriott in Singapore. Rebranding event is going to be accompanied with IEO launch ( a brand new service to facilitate ICOs for both businesses and end-users ).

The Kyber Network will feature the following:

  • an exchange;
  • a reserve support

for when there is a minimal ether balance on centralized exchanges;

  • redesigned user dashboard

it will reflect new KYC and IEO systems;

  • smart contracts
  • statistic server

to provide the most accurate and up-to-date statistical data

Kyber Network is a decentralized Ethereum-based solution that is committed to advancing the interchangeability and fluidity of digital asset conversion. At the moment of publication, Kyber Network market parameters are as follows:

Average price 1.42 USD
Market cap 190,341,004 USD
Volume (24H) 13,054,300 USD

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   122

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.