Gonna trade with Kyber?

Special thanks to @shaneHk, and exclusively for english Kyber community

September 16, 2017. With blessing of its Majesthereumy, Kyber network successfully completed the ICO, raising 46 000 000 $. So let's look at the work done and decide if Vitaliy doesn't a scammer? At the moment, decentralized exchange (DEX) has been successfully launched, with the implemented SWAP mechanism. A distinctive feature of it is the instant token exchange between any trading pair represented on the platform, be it ETH/KNC, GNO/OMG, etc. In the future, promise to impliment cross-chain solutions, as well as support of financial instruments (which are not specified). Interestingly, there is no list of orders on the platform, as well as the absence of commissions for users.

How it works

Build onthe basis of smart contracts. The platform has a Reserves (pool) throught whichtokens are exchanged and exchange rate information is updated.

• User sends the request to the platform
• Collection of data on current rates and reserve conditions
• Exchange

Exchange is almost imidiatly, if network is not loaded

Features

• Connecting the platform to network

Users can integrate Kyber to own wallet, application, website, etc. This allow you to perform payments in any tokens, as well as participate in an affiliate program. Later about.

• Reserves

Necessary to provide liquidity and provide owners with several additional functions:

Target portfolio - hold the certain amount of tokens of each type

Re-balancing - rebalancing the portfolio by own strategy

As already mentioned, pools have the task of -Pricing - determining the true, at the moment, value for making an exchange on the platform. Reserve also have the ability to build a trading strategy, and in addition platform provide several featuress:

Adequate rates

If there are large discrepancies between rates, transactions with your reserve will be disabled.

Features for large volumes

Ability to set changes in execution conditions when making deals with large volumes. Example, 1 ETH = 100 KNC:

Bi-income model

Platform offers users split 30% from 0,25% of fees when transactions is originated from affiliated source. By connecting Kyber to your platform you can also count on cost reduction

Reserve, providing liquidity also can receive additional income. It consists of getting profit due to the difference between the rates (spread), provided that your reserve is involved in the transaction.

Conclusion

After the ICO, the project fulfilled all or almost all of its promises. We will not criticize the implementation and project our expectations; instead, we will rejoice for the guys and welcome a few NOT scams project. Well done Kyber Network. Vitali is not a scammer!

P.S. Bonus for those who read to the end. Earn 55 KNC through coingecko, doing easy conditions for Airdrop.