We are pleased to announce that the Kyber reserve has added support for 2 new tokens: Maker (MKR) and Distributed Credit Chain (DCC).

These 2 tokens are now accessible through KyberSwap and other platforms that are tapping into our on-chain liquidity protocol, such as MyEtherWallet, imToken, Trust Wallet, Easwap, and many others.

Learn how to use KyberSwap with our basic guide.

Listing information for MKR and DCC

Listing date: October 29th, 2018

Listing time: 9PM (GMT+8)

About Maker

The MakerDAO system relies on two distinct tokens to create the DAI credit system. The Dai token (DAI) is a free-floating currency that is backed by collateral and pegged, currently, to the U.S. dollar. The Maker token (MKR) is a token that derives its value from the interest payments, called stability fees, which are paid by borrowers that create DAI tokens. To retrieve collateral, users repay the balance of DAI which they withdrew, along with an interest payment, called a stability fee, denominated in MKR.

Holders of MKR tokens play two important roles in the MakerDAO system. First, they govern the network by voting on which types of collateral can be used, how much collateral must be posted, and any other changes to the network. Second, they act as a backstop in the case that collateral collapses before CDPs can be auctioned. In this extreme event, new MKR tokens are created and sold off in order to stabilize the system. Maker token holders are incentivized to keep the network strong to avoid diluting their holdings.

For more information on MakerDAO:

Reddit: https://www.reddit.com/r/MakerDAO/

Blog: https://medium.com/makerdao/

Telegram: https://t.me/makerdaoofficial/

RocketChat: https://chat.makerdao.com/

Twitter: https://twitter.com/MakerDAO/

Website: https://makerdao.com/

Token information

Token: Maker (MKR)

Token information: https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2

Other information: https://coinmarketcap.com/currencies/maker/

About Distributed Credit Chain

Distributed Credit Chain (DCC) is a distributed banking public blockchain employing an infrastructure to interact with banking service providers and create a decentralized ecosystem for the greater financial services industry. By empowering credit with blockchain technology, DCC aims to transform financial transactions between lenders and borrowers, businesses and individuals, across regions and industries.

Decentralized credit will have a user account system that will be based on a personal DCCID, or a Decentralized Credit Chain ID. Rather than having a credit agency hold on to this information, each user will have direct access to their personal data. In addition, information will be encrypted and will be stored in the cloud for ease of access globally.

For more information on Distributed Credit Chain:

Reddit: https://www.reddit.com/r/dccofficial/

Blog: https://medium.com/@dcc.finance2018/

Telegram: https://t.me/DccOfficial/

Twitter: https://twitter.com/DccOfficial2018/

Facebook: https://www.facebook.com/DccOfficial2018/

GitHub: https://github.com/DistributedBanking/DCC/

Website: https://dcc.finance/

Token information

Token: Distributed Credit Chain (DCC)

Token information: https://etherscan.io/token/0xffa93aacf49297d51e211817452839052fdfb961

Other information: https://coinmarketcap.com/currencies/distributed-credit-chain/

Token Delisting

The following tokens are being delisted from the Kyber reserve:

Aion (AION)

ChatCoin (CHAT)

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.

Twitter: https://twitter.com/kybernetwork/

Reddit: https://www.reddit.com/r/kybernetwork/

Telegram group: https://telegram.me/kybernetwork

Telegram announcement channel: https://telegram.me/officialkybernetwork

Facebook: https://www.facebook.com/kybernetwork

Website: https://kyber.network/