Kyber Network: Decentralized Exchange

What is Kyber Network?

Kyber Network is a decentralized exchange which allows conversion of digital assets – specifically tokens and crypto currencies. They provide payment APIs and a contract wallet that allow anyone to seamlessly receive payments from any token. Users can also mitigate the risks of price fluctuations in the cryptocurrency world with derivative trading.

Who’s behind Kyber Network?

There’s a very strong team behind Kyber. The most prominent members are CEO Loi Luu and CTO Yaron Velner, who are co-founders together with Lead Engineer Victor Train. All have extensive experience from blockchain research and open-source projects. Notably, Kyber has Vitalik Buterin on their list of advisors, the founder of Ethereum.

Which competitors exist in the space for decentralized exchanges?

Some notable startups in the space of decentralized exchanges and peer-to-peer transactions are:

  1. 0x
  2. Airswap
  3. EtherDelta

0x had their ICO in August 2017, while Airswap completed theirs in October 2017. EtherDelta has become one of the places where ICO tokens debut first after hitting exchanges.

Decentralized exchanges might becoming an increasingly crowded space, but it’s not at all clear that this is a “winner takes all” market. Nor will these players necessarily compete head-on. It’s certainly worth following these other startups as well.

More broadly, we can look at exchanges in general. Kyber Network’s own strengths vs others can be summarized in this table:

Kyber Network compared to other exchanges

Kyber Network compared to other exchanges

We have taken this table from Kyber Network’s own whitepaper. Thus it should be taken with a pinch of salt.

How can I purchase Kyber Network tokens?

Kyber Network’s completed their token sale on September 17th. You can now purchase KNC token on exchanges like EtherDelta, Liqui, Binance, and Coinnest.

Please follow and like us:
  1. […] tokens. As such they represent another decentralized exchange doing an ICO, joining the likes of Kyber Network and 0x. Both Kyber and 0x have had high return-on-investment after hitting […]

  2. […] CEO Xinshu Dong and Chief Scientific Advisor Prateek Saxena are researchers at NUS. Furthermore, Kyber Network’s CEO Loi Luu is listed as an advisor, and he also works as a researcher at NUS. Luu recently […]

  3. […] that, this is certainly a more niche market than, say, decentralized exchanges, which the likes of Kyber Network and Airswap operate […]

  4. […] worth mentioning that WAX has already announced a partnership with Kyber Network. In this partnership, Kyber will serve as the decentralized exchange layer, enabling buyers to […]

  5. […] Liqui is the smallest centralized exchange on this list in terms of transaction volume, but it’s worthing being aware of, as it has been the first centralized exchange to feature some successful tokens. One example is Kyber Network. […]

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