Dear Kyberians,

From everyone here at Kyber Network, huge thanks for the incredible support for our platform to date!!

Alas, we have come to one of the most important milestones in the Kyber Network history! Today marks the first time our platform runs on the Ethereum mainnet, and that means no more trading with testnet ETH for testnet ERC20 tokens!

We hope that our mainnet launch can help raise the awareness of decentralized exchanges in the minds of consumers and businesses so we can work towards scaling the impact of our the blockchain technology.

Pilot Launch on Mainnet

Our pilot launch on mainnet will run from February to April 2018. Each wallet address is only allowed to trade up to US$3,000 worth of Ether/tokens per transaction, with a US$15,000 daily limit that is refreshed at 12 AM (GMT+8). On top of that, the exchange service will exclude Singapore residents from utilizing Kyber Network for token conversion services, as we are still consolidating the tax matters related to Singaporeans’ participation in our network. This will be the arrangement until we have further clarity on tax requirements from the regulators.

During the pilot phase, only KGT holders — Kyber Network’s whitelisted ICO contributors — will be granted access to the platform. As this is the first time Kyber Network’s platform will be deployed on the Ethereum mainnet, we want to ensure stability by scaling up user access in gradual batches. After a couple of weeks, we will monitor the traffic and probably allow more non-KGT holders to join the pilot launch on a request basis (more details on this will be made available later). To check if you are a KGT holder, please search for your address here on Etherscan

Be aware of phishing attempts!

Just a gentle reminder, please be aware that there will be phishing attempts and as a user, you should always be alert of the domain URL that you are dealing with.

Our exchange address is https://kyber.network

Also, if you are a Chrome user, do check out Cryptonite by Metacert. After the installation of the extension, if you are on a certified site, there will be a message at the top of the page to inform you that the site is safe.

Cryptonite Shield at work.

First batch of tokens

We are starting with 10 tokens in this launch, and we will gradually list more tokens as we scale.

Aelf (AELF)

Basic Attention Token (BAT)

Decentraland (MANA)

EOS (EOS)

Gifto (GTO)

Kyber Network (KNC)

OmiseGo (OMG)

Power Ledger (POWR)

Request Network (REQ)

Status Network (SNT)

Lastly

Kyber Network is created to address the liquidity issue that has persisted in the decentralized exchange sector. We aspire to provide a simple and highly accessible solution for everyone to be engaged in the crypto landscape, and feedback on how we can improve our platform is and will be greatly appreciated! Of course, if you have a customer support enquiry, please raise a ticket on our Zendesk account. Alternatively, if you wish to raise an technical issue, you may do so on our Github.

So in our most sincere gratitude, this post is dedicated to those who have tested and provided feedback for our platforms on testnets, as your input allowed our team to identify aspects that need improvements, and a reminder to us that there are still a lot for us to learn in order to develop a great product.

Happy trading!