In our last progress update we celebrated the launch of our exchange, in this update we focus on the successful first steps of the Kyber Network.

Most of the dust has settled after the mainnet launch and we are seeing consistent and growing use of the exchange. Within the first hours of the exchange going live we saw hundreds of transactions successfully taking place. Since the launch we’ve onboarded 7,000 new members through whitelisting and activated 190 KYC accounts on top of our 40,000 KGT holders. To encourage a further increase in these statistics, we have launched a new trading campaign that rewards users with KNC for consistent trading activity and network engagement. You can register and provide your KYC information here.

Beyond the start of trading we are also proud to announce two new partnerships, with Prycto, the independent reserve manager, and Trust Wallet, who will integrate the Kyber Network Exchange.

Finally, we are looking to add two new members to the Kyber team, in the positions of Product Manager and Content Strategist. If you have the relevant qualifications and want to join our team, please find the job descriptions below, we would be excited to have you.

Also, please note that subsequent updates will be released on Sunday, instead of Friday. In other words, the next update will be published on March 18, 2018.

Technical Development

Exchange

Since the exchange launch on mainnet two weeks ago, we have taken onboard a lot of your suggestions on how to improve some of the functionality. As a result, we have improved texts in multiple languages and refined the error messages for faster response (now as soon as an error is detected). We have also integrated Google Analytics into our exchange site to keep track of statistics for internal analysis.

Upgrades over the last two weeks:

Tune ledger timeout time and other practical settings

Tune waiting time to fetch rate if the input keeps changing

Fix modal positioning and other minor model defects

Fix default token so it will not crash if we delist certain token

Fix error message in transfer feature

Improved landing page (integrate to new design)

Fix error when user’s signing failed

Fix private key modal when it doesn’t load to exchange page

Add support for 0x prefixed private key

Improve rate slider to make it more smooth and stable

Prevent browser from suggesting to save passphrase and private key

Fix many issues with gas estimation, gas limit estimation and rate updates

Add many changes as requested from marketing departments

Add google analytic

Embed blockno. to trade

Support Trust wallet provider (unlock safari browser and other nice things)

Improve network handling, handle better when network is slow and unstable

Move to Trezor API version 4

Reserve dashboard

We’ve upgraded the reserve dashboard to include a log of all trades as well as logs on daily volumes and other activities including trading, withdrawal and deposits. We’ve also added a warning to reserve operators once their balance goes below a certain threshold and integrated a new equation form by our Trading Analyst. Separate hosts also now serve data from both the core and the stat servers.

Statistics Server

Our statistics server is now capable of tracking all event logs and extracting old logs for reporting. A USD-ETH rate function has also been added for easier tracking so that viewers can get a spontaneous display of rate conversion at any given time.

Lastly, the server can now aggregate volume data and save that essential information to the database and this will be used to serve dashboard queries to display volume data on different tick frequency (in min, hour, day). On top of that, users will be able to query volume on a token for a time range, total volume in USD of a specific address, as well as querying burn volume for a time range and the fee volume for a specific wallet address.

Core platform

The core has now been updated with various technical adjustments from API fixes to changing various limits and logging and monitoring tool updates. These improvements make our core much more efficient.

These improvements include: