KyberSwap Limit Order 2.0

New features for an enhanced trading experience!

In July 2019, KyberSwap launched limit order functionality, which allowed users to create limit orders and trade securely without depositing any funds. Within a few days of the launch, we had over 1000 limit orders submitted and 1000 ETH in value traded. Today, we unveil the next version of Limit Orders with even more exciting features!

What is a limit order ?

With limit orders, users don’t have to monitor volatile crypto markets 24x7 as they can now swap tokens at their desired rate! KyberSwap’s limit order doesn’t require funds to be transferred to the platform — tokens are swapped on users’ behalf via a trustless model.

For example, the user can set a limit order for WBTC (Wrapped BTC) → DAI when rate of WBTC reaches 10,000 DAI. The user doesn’t need to first deposit WBTC. If the user provides signed transaction data, KyberSwap will automatically swap WBTC → DAI on the user’s behalf when WBTC hits 10,000.

Limit Order 2.0

Over the last few months, we conducted a user feedback survey and interviewed many traders to understand their pain points and the features required to improve the overall usability and experience of limit orders.

As opposed to users who wish to swap tokens immediately, we realised that regular traders using limit orders prefer a UI that is more familiar to them, e.g. live charts to analyse price trends, Buy/Sell token tabs, tokens to be priced in ETH, BTC, DAI, and stablecoins.

We are excited to announce a new beta version of our limit order feature — Limit Order 2.0 presents some interesting updates to make your trading experience even better!

Watch our introduction video:

Exciting New Features

1. Zero Fees (GAS and Orders are FREE)

Typically, a user incurs 2 types of fees while using limit order: Transaction fees + gas fees = Total payable fees

Gas fees can sometimes be even higher than 0.1% of your transaction amount. By using KyberSwap limit orders, you can now trade tokens with 0 gas fees!

Here’s how:

With Limit Order 2.0

(a) Zero fees: by holding at least 2000 KNC

If you hold >= 2000 KNC in your wallet, you pay NO FEE, not even for gas. Kyber handles this for you :)

Total payable fees = 0 + 0

(b) 0.1% in limit order fees: if you hold less than 2000 KNC

If you hold less than 2000 KNC, you pay low transaction fees of only 0.1%

Total payable fees = 0.1% of transaction amount + 0

2. Brand New Design with Advanced Trading Tools

We have redesigned the UI to cater to the needs of newbies as well as advanced traders. New UI offers professional live charts equipped with all the important technical indicators to help you make the right trade.

Additionally, we have created different markets for tokens such as ETH, WBTC, DAI, TUSD, USDC. If you want to swap a trading pair that has any of the above, it’s easy to spot it. You can also quickly group the token pairs that you prefer into a favourite star watchlist for easy tracking.

Initial tokens available for Limit Order: ZRX, WBTC, USDC, TUSD, SNT, RLC, REQ, REP, REN, RDN, POWR, POE, PAY, OMG, NPXS, MLN, MKR, MANA, LINK, KNC, ENJ, ENG, ELF, DAI, BNT, BAT, AST, ABYSS.

3. Welcome to the Dark Side

Many people have asked for a Dark Mode for KyberSwap. So here we are! A simple click at the top right corner will take you from light to dark for your viewing pleasure :)

4. Buy & Sell Tabs

Imagine having WBTC in your wallet and you want to swap it to KNC. It’s now easier than ever.

In the WBTC market, select KNC.

As you will be selling WBTC to buy KNC, simply select the “Buy KNC” tab

Previously, the limit order function only had one section, and some users were confused when buying or selling tokens. Having the ability to toggle between Buy and Sell tabs allows for easy reference.

What’s the same for version 1.0 (Old) and version 2.0 (New)

Non-custodial — Limit orders remain non-custodial in nature which means users don’t have to transfer funds to KyberSwap while setting up the limit order. Funds stays secure in your wallet.

Desktop and Mobile-friendly — Limit orders will be available on all 3 platform types: Desktop, Mobile Web, and Mobile apps (iOS and Android). New fees structure will be applied, but please note that mobile apps will still be using the old 1.0 interface for now.

Basic token swap function — Remains in the same simple format and user interface e.g. swapping from BAT → KNC. Over 70 tokens supported. Basic token swaps incur no platform fee.

Note: In this beta version, only some token pairs are available for Limit Orders, but more might be added soon.

Limit Order Trading Contest: 3,700 USD in prizes!

Champion gets 1,000 USD! Trade now.

To celebrate the launch of Limit Order 2.0, KyberSwap is organising a trading competition.

How to win ?

Create limit orders on KyberSwap

With every limit order that gets successfully executed, you will receive points.

If you have less than 2000 KNC, you will get 1 Point for 1 ETH equivalent.

If you have at least 2000 KNC, you will get 1.2 Points (20% extra) for every 1 ETH equivalent.

Please note that Points can be up to 4 decimal places and the reward will be based on Points

Valid from 24 Oct 00:00 to 06 Nov 2019 00:00 (GMT+8) .

. Leaderboard is available here.

How much can you win?

Champion gets $1000

Second winner gets $500

Third winner gets $200

Total rewards: $3700

Total winners: 303

For the top three highest points, KyberSwap offers a champion prize of $1000, a second prize of $500, a third prize of $200.

Next 100 users with the highest points(criteria: must collect min 1 point): Each gets $10

Next 200 users with the highest points (criteria: must collect min 1 point): Each gets $5

Start using KyberSwap Limit Orders today, and win ETH!

Thank you for your support!

Learn more:

👉🏻Limit Order 2.0 Overview

👉🏻Get started on Ethereum with KyberSwap

👉🏻Tips for trading on KyberSwap

👉🏻Follow KyberSwap Twitter Announcements

👉🏻Download KyberSwap iOS App

👉🏻Download KyberSwap Android App

👉🏻Website: KyberSwap.com