Kyber Network has taken some big steps in the last two weeks, and we are proud to say it has been an overwhelming success. The Kyber Network exchange went live on the Ethereum Mainnet on February 11th, marking a significant moment in Kyber’s history. We have been consistently increasing the size and scale of the Kyber community, with two important new partnerships and integration with well-known companies.

Finally, the user feedback received on our mainnet launch has motivated a big increase in technical development. We are proud to announce multiple significant new wallet, reserve, and smart contract improvement.

Technical Development

Wallet

Kyber Network’s mainnet wallet interface officially went live on February 11th! With the help of valuable user feedback, received through Github and Zendesk, our team has been working diligently to improve and debug the wallet. The Kyber wallet has seen many major improvements in the last 2 weeks, including disabling the browser prompt that encourages users to save their private keys and passphrases, and preventing users from approving token transaction twice.

What was done in the last two weeks:

Fixed bugs and made improvements as suggested by the community

Supported multiple nodes to fetch data and to broadcast a transaction

Integrated with new cache API

Allowed users to see reasons for failure after closing original screen

Worked with multiple production deployments including deployment with 10 tokens

Mainnet deployment

Reserve

There have been several significant improvements in our reserve in the last two weeks. In terms of our core, we have begun rebroadcasting transactions to multiple nodes to improve transaction propagation. We have been performing sanity checks in with our set Rate API. We have developed support to rebalance toggle stability implementing dynamic target quantity with a set/confirm key model. Finally, we have applied a temporary suspension of communication with nodes to ensure analytics does not have to wait too long to set another rate.

In terms of our dashboard, we have developed support for a set target quantity form and confirmed target quantity form. We have implemented rebalance disable/enable functions. More improvements to our graphs have been developed, including downtime highlights. Finally, we have improved APIs to be more consistent and reliable.

What was done in the last two weeks:

Mainnet deployment

Improved testing environment

Created a new rate algorithm

Started discussions on new rebalance algorithm

Supported multiple keys for different roles

Replaced stalled/long mining tx

Detect throwing transactions

Fixed bugs and made improvements to the code base

Practiced release procedure with version 0.3.0 and 0.4.0

Continued work on Huobi integration

Smart contract

Our smart contracts have seen a significant increase in extent of automation. Additionally, tools to better debug transactions have been developed and implemented. Finally, we have made some additions to the smart contract test coverage.

What was done in the last two weeks:

Fully automated deployment script

Fully automated verification script

Implemented tool to debug failed transactions

Community and partnership

Mainnet Pilot Launch

The Kyber Network Mainnet platform is officially live as of February 11th. This platform launch marked a significant milestone in Kyber Network’s journey from an ICO to the company it is today. We now have a functioning product and a steady flow of traders. The exchange has seen an average of 1 transaction every 16 minutes since the launch, with an average trading volume of 0.7 ETH per transaction. These amounts will surely increase as we expand the user base and establish wallet integrations.

We were pleased to open the platform to all KGT holders, and plan to allow more users to join after this initial pilot stage. Those people looking to gain access to the exchange as we increase the number of users can will be able to do so in the coming weeks, as we put up with structure to facilitate onboarding of new users. For now users can trade between 10 listed ERC20 tokens. However, we expect to increase this number in the coming months, eventually incorporating cross-chain conversions.

Kyber Network Video Competition

We are encouraging the Kyber community to develop shareable content through our marketing video competition. Videos should address how the Kyber Network exchange works, illustrating use cases for the platform. Good videos will accurately illustrate how Kyber Network will be a game changer within the decentralized exchange sector. Submissions will be accepted from February 15th to March 1st, should be uploaded to YouTube, and must include “Kyber Network” in the title. We will offer a total of 2,250 KNC in prizes to the best three videos. We look forward to seeing what our community produces!

Partnership and integration

We have been rapidly and consistently expanding our network of partnerships. Two significant new connections established in the last week were a Wanchain partnership and a SelfKey integration.

Wanchain is a universal cross-chain protocol that will power the new digital economy with its private cross-chain smart contracts, distributed ledger, and token exchange privacy protection plans. Kyber Network will integrate with Wanchain to allow cross-chain transactions on our decentralized exchange. We can expect to see greater cross-chain activities in near the future that will enable new innovative and novel applications for blockchain technology.

SelfKey, the blockchain digital identity foundation, announced plans to integrate the Kyber Network exchange platform into SelfKey Wallets. This integration will provide convenient ERC20 in-wallet conversion services for all SelfKey Wallet users, and in doing so will significantly expand the Kyber Network user base. We have high expectations for this integration, and expect that it will be the first of many as more companies recognize the success of Kyber Network and seek to incorporate our exchange into their services.

Hiring

Marketing Manager

We are looking for someone to join the Kyber Network team, in the role of Marketing Manager (click here for job description). Applicants should be prepared to take on the responsibility of promoting Kyber Network brand visibility and corporate identity across multiple sectors. More specifically the Kyber marketing manager will be responsible for coordinating the marketing and creative staff, leading market research efforts to uncover the viability of current and existing services, and liaising with media organizations and advertising agencies. Applicants must be based in Singapore and have at least 1–2 years of work experience within digital marketing spheres.

Korean Community Manager

Kyber Network believes in the potential of the Korean market and is determined to established a stronger presence in the country. As such, the company is looking to hire a community manager to increase the brand visibility in Korea, to increase our community base and to improve our communication with the local community. The community manager also functions as the primary source of information about the situation in Korea for Kyber Network. Interested candidate may refer to the job description to learn more about the role.

Interested candidates for both positions, please email your resume to [email protected]