BitClave Partners with Kyber Network to Increase Global Reach
BitClave, the decentralized search engine company, has announced a partnership with Kyber Network, the trustless and decentralized exchange that allows instant conversion of digital assets and cryptocurrencies. The strategic partnership will help both BitClave and Kyber Network expand their global reach and provide customers with more options.
According to BitClave’s founder Alex Bessonov, former chief security officer of LG Electronics, “The BitClave Active Search Ecosystem (BASE) is designed to help businesses and customers come together without the need for any intermediaries. We incentivize our customers through our Consumer Activity Tokens (CATs). However, our customers are global and we needed a network where everyone could freely exchange various digital assets and crypto-tokens with speed and efficiency. Now, with today’s announcement, Kyber Network will help us reach that objective. We are very excited about the possibilities this partnership has opened up for us.”
Kyber Network, the on-chain protocol, will be integrated with the BitClave BASE system to allow seamless exchange of CAT crypto-tokens. Customers who earn CAT on the BASE system will be easily able to get paid through Ethereum accounts. Kyber Network also makes it easy to exchange and convert different cryptocurrencies through its smart contracts. No trust is required because the exchange never holds on to user funds. Finally, with the maintenance if its own reserves, Kyber Network ensures high liquidity and instantaneous trades, all the time.
The future BitClave BASE system integration with Kyber Network protocol will allow anyone to purchase CAT crypto-tokens on the Kyber Network exchange with the cryptocurrency of their choice. It increases the usability and accessibility of the BASE platform. Both businesses and customers can use the Kyber Network to secure the necessary digital assets to participate in the BASE decentralized search platform. The availability of the transaction functionalities on BASE will depend on the progress of Kyber Network. At the moment, the expected date is around mid-2018.
Through the strategic partnership with Kyber Network, BitClave has taken a step to reach out to new customers around the globe. New customers will be able to easily enter the BitClave ecosystem. Further, the integration will make it easier for its current merchants and customers to exchange digital assets. To learn more about BitClave’s decentralized search and how it provides value to businesses and consumers, download the white paper here.
About Kyber Network:
Kyber Network is a decentralized and trustless exchange that facilitates instant conversion of crypto-assets with guaranteed liquidity. Our protocol will be key to promote liquidity of crypto-assets in the blockchain ecosystem, and improve the perception of tokens as a tradable asset class to the greater public. These are the ONLY official channels affiliated with Kyber Network:
Reddit: https://www.reddit.com/r/kybernetwork/
Slack: https://slack.kyber.network/
Telegram group: https://t.me/kybernetwork
Telegram channel: https://t.me/officialkybernetwork
Telegram (Korean): https://t.me/kyberkorea (for Korea)
Medium: https://blog.kyber.network/
About BitClave:
BitClave uses blockchain to eliminate ad service middleman. The company’s objective is to create a direct connection between businesses and customers. BitClave is building a decentralized search engine that helps users search for items without losing control of their own personal information. Users also get compensated every time they click on search results for products and services from their favorite brands. The process makes third-party advertising networks unnecessary. BitClave raised $25.5M within 32 seconds during the token sale in November 2017. For more information, please visit www.bitclave.com.
