REVIEWING OF FEATURE DAPP [KYBER NETWORK] TASK BY- Dapplovers & ORACLE-D
Hello dear steemains!
I am here with another @dapplovers task sponsored by @oracle-d.task
TASK DURATION
Start date: 03 - May - 2019
End date: 10 - May - 2019 (7PM UTC
Task post--https://steemit.com/dapp/@dapplovers/review-a-featured-dapp-and-earn-rewards-ft-state-of-the-dapps
https://steemit.com/dapp/@dapplovers/review-a-featured-dapp-and-earn-rewards-ft-state-of-the-dapps
INTRODUCTION-
There are near about 200 crypto exchange in the world by which people are trading their tokens and coins.
In crypto world Binance and Huobi are currently most popular and suitable for professional traders. some exchange are not so effective and people fear to hacking problems as well as transaction process and fees. In case of kyber network it allows the transfer and exchange of cryptocurrencies along with tokens and coins in very transparent way.
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WHAT IS KYBER NETWORK-
kyber network is an ethereum based protocol that allows crypto tokens and digital currencies to trade and transform through decentralized exchange on blockchain.
Kyber network was submitted on State of the apps in June 2017 and later updated in 25th February 2019.
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How to start(KNC)
cable network is a decentralized trade which based on ethereum blockchain. To start just open it its official website...........https://kyber.network/ and select swap token button on the right side of the main page after that we have to go on sign in point for further progress.
Although there are lots of option to open it via Facebook Instagram as well as other social media but we have to go with email password option. After completing login process we can use it hard wallet to transfer or swap. For kyber tokens listing we have to fill up form with KYC full name, email address, telegram ID, company name and project website details.
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FEATURE OF KYBER NETWORK-
kyber network is also popular with the name of knc which available to trade in some exchange like Huobi Binance, and poloniex etc.
Its main feature are easy trading of cryptocurrencies with transparent security. here are some main features of Kyber network.
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1-Swap tokens-
Swap token is fast and swimwear transparent way to transfer various cryptocurrencies through trades exchange from one wallet to another wallet using secured ethereum based platform directly to other websites and wallets. The most important thing is that these wallets are supported by Khyber swap like Mew,Enjin,imtoken and Easwap.
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2- Listing tokens-
If you want to KNC own token then and you have to fill up a form with full name as KYC verification email address, telegram ID, company name, project detail and project website name in KNC anyone can use Kyber network to reserves earn on transactions.
3-Build with Kyber-
Kyber provides a broad range of decentralized use caused by allowing wallet applications and websites to adding/ collect instant tokens exchange directly so that user can use it for their own project.
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CONCLUSION-
After reading its feature and specification I found it very secure and transparent ethereum based fully on chain, where is very easy to listing own tokens fulfilling up some easy step. It also gives fast transfer and tokens with almost minimum cost and strong security patches. I am must impressed overall kyber network.
CONS-
Aldo here is no listed Bitcoin but we hope that it should be listed in further updates to give more performance.
RATING-
its positive fight is that kyber network is available on almost every social media platform that is why give it 4️⃣.5️⃣⭐ rating of ⭐⭐⭐⭐⭐
Official Website- https://kyber.network/
https://www.stateofthedapps.com/collections/featured
NOTE-
Although I tried to write in my own words but
Some words are taken from original website of Kyber network (https://kyber.network/)
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