Pundi X ecosystem has now completed integration of Kyber Network’s token, the Kyber Network Crystal or KNC, to the list of accepted payment options.
Kyber Network has signed up with Pundi X Open Platform, our token listing program for ERC20 developers. With the new integration, all the participants in our payment ecosystem can now utilize KNC in their transactions.
“In the same way that our goal is to create more use cases for token developers through our payment ecosystem, Kyber Network aims to add use cases to tokens by facilitating connections between them,” said Zac Cheah, Co-founder and CEO of Pundi X. “We’re happy to help Kyber Network further its mission by adding more applications for its KNC token.”
Connecting token ecosystems
Kyber Network is an on-chain liquidity protocol that connects token ecosystems by enabling decentralized token swaps in any platform. For example, by integrating Kyber’s protocol, a wallet can allow users to exchange tokens without leaving the wallet, and a merchant can allow his/her customers to pay for goods and services in various tokens such as NPXS or ETH, while still receiving in their preferred token such as stable coin DAI.
At the heart of Kyber Network is KNC, an ERC20 token described as “the glue that connects different participants in the Kyber ecosystem.” KNC is used for network fees and required by Reserves / liquidity providers to operate. Some of the KNC fees are also given to integrated platforms that bring in trades as an incentive to grow the ecosystem.
“We are excited to see KNC being more accessible and having more use cases through the Pundi X retail network” says Loi Luu, CEO Kyber Network. “Now you can easily use KNC to buy clothes, shoes, drinks, meals and more across 25 countries in the world.”
Since launching on the Ethereum mainnet in early 2018, Kyber Network has been integrated by over 55 applications and platforms to date. These platforms include financial DApps, e-commerce vendors, crypto trading platforms, and crypto wallets such as MyEtherWallet (MEW) and the HTC Exodus’s Zion Vault.
More payment options
Kyber Network adds to the growing number of payment options that our ecosystem supports, which currently consists of established cryptocurrencies such as BTC, ETH, BNB, DGX, and NPXS. KNC is the latest token to join our network through Open Platform, which allows developers to integrate their tokens with XPOS, XPASS card and XWallet.
Interested token developers may check out the Open Platform website for more details.
NPXS will be listed on Kyber Network
We are also excited to announce Kyber Network will list NPXS at 9:00 pm GMT+8 on June 11, 2019.
NPXS will be accessible through KyberSwap and other platforms that are tapping into Kyber’s on-chain liquidity protocol as follows.
About Kyber Network
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. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Telegram group: https://telegram.me/kybernetwork
Telegram announcement channel: https://telegram.me/officialkybernetwork