The Kyber Network 2.0 event is rapidly approaching!

As we get closer to June 8th, the date of the Kyber Network 2.0 Event, we are rapidly finalizing the preparations for our branding event and IEO launch.

Our team members have been busy at work preparing the different elements of Kyber Network for the big events. This includes: restructuring the exchange UI, implementing new IEO systems, developing new smart contracts, and so much more. See the Technical Development section below for details.

In honor of the Kyber Network 2.0 Event, we have launched a retweet campaign where participants can win a trip to Singapore to come celebrate our rebranding with us. We look forward to meeting the winner! This last week we also expanded our Vietnamese Kyber community! A huge thanks to everyone who attended the Vietnamese Blockchain Festival this year, co-hosted by Kyber Network.

We look forward to seeing many of you at our rebranding event on June 8th!

Technical Development

Exchange

We took the first steps to introduce a new user interface and account system, and working on support for tokens that are not listed on centralized exchanges. This expands the trade options possible on the exchange.

What was done in the last two weeks:

Finished restructuring the code base to integrate with new UI

Integrated with new account system

Fixed minor bugs

Reserve

From a technical standpoint, we are always looking to improve efficiency and expand possibility. This week we worked to optimize the gas costs for our coming rate update, and implemented reserve support for when there is minimal ether balance on centralized exchanges. Beyond this, we have been working to provide our reserve managers with the best dashboard experience possible. We recently implemented support for more target quantity for ETH.

What was done in the last two weeks:

Optimized gas costs for rate update

Implemented support for minimal ether balance on centralized exchanges

Improved price feeds for Digix gold token

Began improving rebalance algorithm

Implemented support for more target quantity for ETH on reserve dashboard

User dashboard

We took some significant steps with regards to our user dashboard. We finalized the major new UI that will soon be implemented; We completed the backend work for our new KYC and IEO systems; and we are edging closer to the final version of the frontend UI integration.

What was done in the last two weeks:

Finalized major UI

Finalizing backend work for KYC and IEO systems

Finalizing frontend UI integration

Smart contracts

As the IEO launch grows nearer we have been rapidly developing our smart contracts to support this new direction. We developed support for IEO clients; we worked on version 2.0.

What was done in the last two weeks:

Developed support for IEO clients

Designed new contract for fully on-chain price discovery to support tokens not listed on other exchanges

Added support for newly integrated reserves

Statistic server

To provide the most accurate, up-to-date, and useful statistical data possible, we have been doing code quality checks. This last two weeks we fixed a few bugs and added a few new functions, all around improving the quality of our statistic server code.

What was done in the last two weeks:

Added numerous CIs to better control code quality

Added API to monitor gas cost in set rate operations

Fixed minor bugs

Community

“Win a trip to Singapore” Retweet campaign

We are excited to announce the upcoming ‘Kyber Network 2.0’ event. At the JW Marriot in Singapore on the 8th of June, we are bringing together our partners, investor, and friends to celebrate the launch of Kyber Network 2.0. We will unveil our new logo, present the details of our brand position, and bring the Kyber community together to celebrate our past progress and future success. In honor of this special event, we offered one of you, and your plus one, the opportunity to travel to Singapore to join us!

Blockchain Festival Vietnam

Kyber Network had the privilege of co-hosting this year’s Blockchain Festival in Vietnam. Attended by over a thousand people and covered by numerous media outlets, the festival dove deep into various blockchain topics, from the challenges of public chains to tokenizing assets to the state of the decentralized application landscape. Loi gave a well-received presentation outlining what we can expect from decentralized exchanges in 2018.

Community building in Vietnam

As part of our community engagement and expansion drive in Vietnam, we’ve been engaging multiple social media outlets and blockchain personalities. We gave out over 800 KNC worth of prizes and have so far quadrupled the size of our Vietnamese Telegram community, growing from 500 members to over 2,700 in only 4 days. We are very thankful for the support and encouragement of our Vietnamese Kyber community, and we have high hopes for the Vietnamese blockchain scene. If you haven’t already done so, you can join our Vietnamese Telegram channel here.

AMA with Chinese community on Wechat

TN Lee did an Ask Me Anything session with our Chinese Wechat community on Thursday May 24th. Lasting over an hour, many topics were covered ranging from what the brand remodelling actually means, to what kind of services IEO will provide. For those who missed it, you can find a transcript of the session here.