Kyber Network KNC to DeepOnion ONION Exchange

Crypto Pair Details: KNC to ONION

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.

DeepOnion ONION

'DeepOnion (ONION) describes itself as a decentralized, open-source, community-driven cryptocurrency that offers multi-layered privacy and everyday use cases. It uses an x13 hybrid PoW/PoS to secure the network. DeepOnion claims to be one of the earliest cryptos to integrate the Tor network into the DeepOnion wallet, which has reportedly not leaked any IP addresses since its release on 12 July 2017. Features delivered by the DeepOnion team: DeepSend as a base solution for private and untraceable payments without relying on cryptographic encryption. DeepVault to register and verify digital files with the DeepOnion blockchain. VoteCentral, a balanced and non-biased voting platform for the community. WooCommerce, Shopify and OpenCart payment plugins for merchants. More info can be found at (https://DeepOnion.org)'

SOURCE: COINGECKO

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