This is the last post for the year 2017. Aside the usual updates about the various technical components and partnerships, we will also feature team bonding elements and introduce some activities that we have planned to increase our engagement with the community.

Technical development

Reserve

To improve the modelling algorithms for reserve managers, we have engaged a professional with relevant background and experience to work on trading and rebalancing strategies.

What was done in the last 2 weeks:

Integration with Bittrex API

Implementation of basic ambush algorithm (split big buy/sell commands to several smaller commands)

Engaged a professional to design better ambush and iceberg algorithms

Recorded more data from exchanges

Wallet

We have provided a sneak preview of our wallet’s new look in the last post. Mika, the designer that we have engaged to improve the UI/UX, is still refining the wallet’s interface. The wallet will have a new look prior to the launch in February, as we target an extremely user friendly interface that members of all backgrounds can navigate easily.

What was done in the last 2 weeks:

Completed test suit

Cache server with Etherscan

Working with the web designer

Smart contracts

In the past 2 weeks, the Reserve team has spent a considerable amount of time to test the codes in different conditions to mimic various environments that our exchange could potentially face. These tests should give us an idea how to prepare for challenging situations.

What was done in the last 2 weeks:

Completed changes for mock contract for simulation environment

Working on changes in the real contracts

Completed abstract permission group contract

Community and partnership

Loi is now a Doctor!

On December 11, Loi successfully defended his thesis and formally became a Doctor. Feel free to address him as Dr Luu now.

Loi presented and defended his thesis on stage.

Victor’s wedding

The Kyber Network team gathered in Hanoi for Victor’s wedding on December 17. As a co-founder and lead engineer of Kyber Network, Victor has been instrumental in leading the engineering team in Vietnam, and is largely responsible for the speedy development of the Kyber Wallet. To some of us in the team, it was our first time at a Vietnamese wedding ceremony and we are very delighted to join him at the happiest day of his life!

The Kyber Network family at Victor’s wedding reception.

Vietnam retreat

Shortly after Victor’s wedding, the rest of the team headed up north to Sa Pa, a popular tourist destination in Vietnam for our team retreat and general meeting. For the next 3 days in Sa Pa, the team bonded over various activities such as walks at Cat Cat Village and a visit to Fansipan Summit, the highest point in Indochina.

In the afternoons, we conducted general meetings to decide important issues pertaining to reserve requirements, targeted mainnet launch date, number of participants to engage for the pilot and tokens to list. These information will be made public in the subsequent weeks.

Kyber Network conquered the Fansipan Mountain

Telegram stickers contest

To commemorate the first week of our Telegram setup, we hosted a Telegram stickers contest to help boost our engagement with the community. Members were encouraged to submit creative designs and ideas that could be used to express their affinity for Kyber Network within and without the community. In the duration of 2 weeks, we have received over 200 submissions on Reddit, and we eventually shortlisted 12 designs for our first ever stickers pack. Each of the winning sticker will be rewarded with 100 KNC. Click here to download the stickers pack, and click here to see other entries.

Some other creative (and hilarious) submissions:

Kyber Mario

Greeny

Gold Rush 2k17

Kyberians Hodl

Kyber Salt Bae

Sweet Dreams Loi

Seoul Developers Meetup and Competition (up to $90,000 in prizes!)

In recognition of the support for Kyber Network in Korea, we will host a Developers Meetup in Seoul on January 20, 2018. This event serves to promote the Kyber Network brand in Korea, and to educate the public numerous use cases of Kyber Network on dApps.



If you are a Korean developer, we are also hosting a development competition where the top 5 submissions will be presented at the meetup. The winners (up to 3 teams) will also receive $30,000 each to support the development of their application. The dApp must integrate with Kyber Network to provide token exchange within the application. So, make sure you register early to secure your spot on the shortlist!

Aside the competition, several Kyber Network partner companies will also present at the meetup, and share their cases with Kyber Network.

Aside the competition, several Kyber Network partner companies will also present at the meetup. To take part in the competition or the meetup, please visit http://krdevmeetup.kyber.network

Seoul Developers Meetup poster

Partnership and listing

In the last 2 weeks, Kyber Network announced a partnership with Ripio Credit Network (RCN). Through the partnership, Kyber Network will provide the conversion services (as an on-ramp and off-ramp partners) necessary for credit exchanges and wallet providers to integrate the RCN protocol and participate in the RCN network.

That aside, we also announced a collaboration with BitClave to enable instant conversion of digital assets and cryptocurrencies on the decentralized search engine. Given that BitClave’s customers are global, Kyber Network will allow global users to freely exchange various digital assets and crypto-tokens with speed and efficiency.

Lastly, on December 15 Kyber Network Crystal (KNC) was listed on OKEx, one of the world’s largest digital asset exchanges. With the listing on the exchange, members of the community now have more options to buy and sell KNC and greater access to the token’s liquidity.

Hiring

Myra is the newest addition to the Kyber Network family. Equipped with extensive knowledge in the daily operational matters, budgeting and implementation of shared financial and control systems in organizations, Myra will take on the Chief Financial Officer (CFO) role at Kyber Network. Prior to Kyber Network, Myra was the Finance Director at Resorts World Sentosa (RWS), a $6.6 billion Integrated Resort developed by Genting Singapore.