Cryptocurrency

Kyber Network Is About To Make Token Swap Services A Separate Application

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Kyber network announced today that they would be launching Kyberswap, a standalone token service. Its network is known for its liquidity protocol which allows decentralized token swaps to be carried out into any application.

KyberSwaps was already one of the most widely preferred Ethereum DApps to exchange the ERC20 tokens. Its existing users will be able to carry on using the same URL without any interruptions. The renewed URL will also be redirected to the new site.

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Apart from making this standalone tool, Kyber has come up with a new user interface for the KyberSwap application. This new facility will allow the users to view the ongoing exchange rates directly. This will be available on the landing page without the need to access their wallets. Additionally, Kyber development team has also announced that a KyberSwap mobile app intended for I phone users is also in the pipeline.

A New Wallet Interface

In one of its Medium posts, MyEtherWallet commented,

“In the world of crypto, interface updates are more than beautification – they are a process of arriving together, as a community, at what will work best for all current and future users of blockchains.”

By utilizing the new interface, MEW is looking to attract more customers, while maintaining the same level of respect for the existing experienced ones. The platform also mentioned that it would no longer store their customers’ data.

Kosala Hemachandra, CEO and founder of MEW, was speaking of the latest interface,

“when MEW first launched in 2015, we were a niche interface with a user base that was almost entirely made up of technically-proficient people. Now we are a globally used platform with most of our users being everyday people looking to start their crypto journey.”

The updated version of is available to use across most of the common devices such as a tablet, desktop, and mobile. Note that Wallet balances will be loaded automatically without third-party extensions.

Enabled By Changelly

The token swap function is being empowered by Changelly, another platform in the crypto world. Changelly will be utilizing the Kyber Network to bring in uninterrupted swaps to the Ethereum wallet. Note that the specifications of the swaps will include the entire range of Kyber Network’s 60+ ERC-20 tokens.

With the introduction of the new feature, users will have the freedom to swap their tokens effortlessly. They will no longer require moving their coins from their existing wallets to other cryptocurrency exchanges and then retrace the whole process for the sake of protection.

Loi Luu, CEO of the Kyber Network, remarked on the same,

“The brand new interface will improve the user experience while making the token swap process even more seamless for millions of people around the world.”

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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