Kyber Network is a new system that permits the exchange and conversion of digital assets. They aim to provide rich payment APIs and a new contract wallet that allows anyone to seamlessly receive payments from any token (now THAT sounds nifty).
Kyber mitigates the risks of price fluctuations in the cryptocurrency world with their derivative trading, which they boast:
– That every operation happens on the smart contract. No trust is required. Kyber never hold users’ funds.
– Kyber maintains a reserve of all tokens to provide high liquidity.
– Instant transactions, with no waiting for confirmations, no deposit required.
– Compatible with existing smart contracts. No changes are needed to integrate with KyberNetwork.
All sounds pretty interesting, right? If you’d like to get some Kyber Network tokens yourself, there’s a step by step guide to buying and storing them here.