Huobi Pro Launches KyberNetwork(KNC), AirSwap(AST) and 0x(ZRX) on November 1st
Huobi Pro will launch KNC/BTC, AST/BTC and ZRX/BTC trading at 20:00, November 1st, 2017(GMT+8). Deposits and withdrawals will be available from 14:00 the same day.
We introduce KyberNetwork, an on-chain decentralized exchange providing several useful applications, including building a practical exchange and providing payment APIs for merchants and users to instantly convert tokens effortlessly and “trustlessly”. There is no orderbook. Users will know the conversion rate before sending the transaction and receive the corresponding amount. Users don’t pay any extra fees (other than the gas fees for the transaction). KyberNetwork benefits through pricing a reasonable spread in the conversion rate.
AirSwap is a decentralized exchange platform that implements the Swap protocol, a peer-to-peer protocol for trading Ethereum-based (ERC20) tokens. The AirSwap Token (AST) will be a fundamental part of the AirSwap Platform.
The overarching goal of AirSwap is to reduce friction and increase efficiency in the token trading process through the services provided by the AirSwap Index and Oracle. The AirSwap Index enables traders to discover each other by either announcing “intent to trade” or by searching for others who have already made themselves discoverable. The AirSwap Oracle provides pricing data and makes it easier to price and check the prices of trades.
Going forward, we aim to develop the Index into a premiere asset listing service for peer-to-peer traders, and to enable third-party Oracles to provide data services to the trading environment.
For more information on Indexers and Oracles, please see the Swap whitepaper.
0x is an open protocol for decentralized exchange on the Ethereum blockchain. It is intended to serve as a basic building block that may be combined with other protocols to drive increasingly sophisticated dApps. 0x uses a publicly accessible system of smart contracts that can act as shared infrastructure for a variety of dApps.
In the long run, open technical standards tend to win over closed ones, and as more assets are being tokenized on the blockchain each month, we will see more dApps that require the use of these different tokens. As a result, an open standard for exchange is critical to supporting this open economy.
0x protocol token (ZRX) is utilized in two ways:
1) to solve the coordination problem and drives network effects around liquidity, creating a feedback loop where early adopters of the protocol benefit from wider adoption.
2) to be used for decentralized governance over 0x protocol's update mechanism.
Investing in digital assets comes with high risks due to huge price fluctuations. Before investing, please have a full understanding of all the risks of investing in digital assets and be prudent of your own investment decisions.
Enjoy your trading on Huobi Pro!
November 1st, 2017