New Strategic Partnership Announcement
Seoul, January 19, 2018 — ICON has signed a strategic partnership with KyberNetwork, a decentralized and trustless exchange that facilitates instant conversion of crypto-assets with guaranteed liquidity. ICON and KyberNetwork will closely work together to help employ scalable protocol of KyberNetwork’s token exchange services and interconnect with other blockchains participating in the ICON network.
“The token exchange system is a key component of inter blockchain ecosystem; exchanges of tokens between independent blockchains is one of our ongoing business goals. Our partnership with KyberNetwork brings us one step closer to interchain token exchange. Down the road, we hope to connect and support additional blockchains and tokens, eventually taking the place of today’s centralized exchange regime.” J.H. Kim, Foundation Council, ICON
“There are many protocols that exist in the blockchain ecosystem, each adding value to our society in its own way. As such, even though we only exist on the Ethereum blockchain at the moment, it is important to have footprints in other protocols. The partnership with ICON enables us to attain this aspiration of supporting cross-chain transactions, thereby delivering utilities of different decentralized applications across chains.” Loi Luu, Chief Executive Officer and Cofounder, KyberNetwork
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.
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