Kyber Network KNC to Cryptocean CRON Exchange

Crypto Pair Details: KNC to CRON

Kyber Network KNC

Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Tapping on the protocol, developers can build payment flows and financial apps, including instant token swap services, erc20 payments, and innovative financial dapps - helping to build a world where any token is usable anywhere. Kyber Network maintains liquidity through the dynamic reserve pool. The pool contains all of the Reserve Entities in the system. Having multiple entities in the pool prevents monopolization and keeps exchange rates competitive. When a user requests an exchange, the Kyber smart contract makes the exchange through the Reserve Entity with the best exchange rate for the user. By allowing external Reserve Entities, Kyber Network prevents centralization and opens the door to low-volume token listings. External reserves may be fine with taking on the risk of storing less popular tokens that the Kyber reserves don’t list. To prevent bad actors in the reserve pool, Kyber Network has few safeguards. The network will flag any exchange rate for special approval that’s greatly outside the norm. To protect funds in a public reserve, Kyber makes all exchanges using them available through a transparent fund management model. The Kyber team is impressive. Loi Luu, Yaron Velner, and Victor Tran are the founders behind the project. Luu previously created Oyente, the first open-source security analyzer for Ethereum contracts, and cofounded SmartPool, a decentralized mining pool project. Velner has been active in the Ethereum bug bounty program, and Tran is also a lead developer at SmartPool. The team has a well-rounded advisory board with the most notable member being Vitalik Buterin, Ethereum wunderkind. In August 2017, Kyber successfully launched their testnet beta. They plan on releasing their live product in Q1 this year in which you’ll be able to trade between Ethereum and ERC20 tokens. The project has an extensive list of partners including Request Network, Wax, and Storm. Because it’s an ERC20 token, you can store KNC in any wallet with ERC20 support. MyEtherWallet is the most popular online option. MetaMask works as well. Many investors choose to use a hardware wallet for additional security. You can’t go wrong with either the Trezor or Ledger wallet as both supports KNC.

Cryptocean CRON

CRON is a CRYPTOCEAN project token. CRYPTOCEAN is a blockchain based ecosystem that combines financial and technological services for working with crypto-currencies, digital financial assets, and traditional fiat money. You can purchase cryptocurrencies with your bank card/account, get your fiat inside the service and legally transfer it to a card or a bank account. You can also order from them a classic plastic card (crypto card), issued together with their partner banks. It will enable you to deposit and withdraw cash from your financial and crypto accounts in regular ATMs using CRYPTOCEAN services and also pay for purchases – goods and services – with cryptocurrency, as if you were paying with a usual bank card. All the processes of exchanging cryptocurrencies on exchanges, transferring funds from exchanges to your personal account, maintaining the limits you set, will be automatic. You can also pay for goods and services without a crypto card either via our mobile application using a mobile phone with an NFC chip or directly through an online store that has switched CRYPTOCEAN on as a payment system. They made a special crypto account service – a multi-currency crypto wallet for TOP-100 cryptocurrencies. CRYPTOCEAN intend to provide the opportunity to work with the maximum possible number of cryptocurrencies.

SOURCE: COINGECKO

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