Infinitus Goes Mainstream With Kyber Network Listing
We promised and we delivered! Infinitus (INF) is now listed on Kyber Network! We took Infinitus from idea-stage to a basic operational dApp that allows users to easily and safely store their private keys on the blockchain, eliminating all risk of losing them. We’ve launched the Infinitus (INF) mobile app (which is up and running for both iOS and Android) and we’ve successfully completed the crowdsale on GBX Grid, reaching a 92.86% token distribution. We couldn’t have done it without you and for that, we Thank You!
As we’ve said many times before, our work is not done when the crowdsale is over or when the Minimum Viable Product (MVP) is released.
We still need to expand our network, thus making it more secure because one of the characteristics of DLT networks is they become more secure the more users they have. And the next step for that was a major listing, which can bring Infinitus to the attention of a lot more people than just our initial supporters. A wider exposure can only benefit the network and its users and that’s why we are very proud to announce that Infinitus (INF) is listed on Kyber Network!
Kyber: On-Chain Liquidity Protocol
Kyber Network is revolutionizing the way token ecosystems operate and is connecting different networks by enabling instant transactions between platforms and offering on-chain liquidity. It’s always better to explain things with an example, so let’s give one: vendor XYZ allows payments in BAT, SALT, GTO, REQ and other coins but their preferred one is ETH so they want to receive payments in ETH without having to exchange the many different coins they receive. By integrating with the Kyber Network, they can achieve exactly that: users can pay in BAT, SALT, etc. and vendor XYZ will receive Ethereum automatically.
This widens the spectrum of mass adoption and real life usage by opening the door for more vendors to tap into the speed and security of crypto payments. At the same time, it makes it easier for customers: say I only have INF but the vendor only allows ETH payments. I would have to send my tokens to an exchange, buy ETH with my INF and then make the payment (in ETH) for the product I want to purchase. On the other hand, due to Kyber Network integration, I can simply send INF to the vendor and he will receive ETH.
Apart from facilitating this kind of token swaps, Kyber also operates as a Decentralized Exchange (DEX) through their Kyber Swap where users can connect using MetaMask, Ledger, Trezor or a private key and then trade tokens against Ethereum. In the future, trading against the US Dollar will be enabled but there’s no ETA on that.
The purpose of decentralized exchanges is to allow users to trade tokens among themselves and to take control out of the hands of a centralized entity (i.e. the company that owns a regular exchange). The irony is that even if we love decentralization and we want to purchase tokens meant to further decentralize the world, we have to rely on and completely trust a centralized exchange. Decentralized exchanges such as Kyber Swap deal with this issue by offering instant trading, with no order books, no deposits (the user connects his wallet and trades from there directly) or wrapping. Also, there’s no middlemen involved and KYC only applies for very large daily volumes, so the regular guy will not have to go through tedious KYC procedures.
imToken Integration
imToken is considered the largest mobile Ethereum wallet and their recently launched 2.0 version supports multi-chain assets (including ETH, Bitcoin, EOS), a DApps browser and a DEX function, developed jointly with Kyber Network. What this means is that users can instantly swap tokens right from their mobile phone, without needing to sign up to an exchange and without moving their funds out of the imToken wallet.
As a cherry on top and due to the recent Infinitus (INF) listing on Kyber Network, now you can simply get INF by swapping one of your owned coins, using imToken’s mobile wallet. Or you can use Kyber Swap if you don’t feel like using your mobile phone.
INF — From Inception To Decentralized Exchange Listing
It all started as an idea back in mid-2017 when Xanne and Eric set out on a path that would eventually lead them to create the first Smart Designation Repository meant to protect and store your private keys on the blockchain itself.
Months of development, hundreds of meetings with investors and partners, tens of blockchain conferences and endless hurdles — all were surpassed to make that idea a reality and to finally offer a blockchain solution to a blockchain problem. The Private Key is now finally safe and Infinitus is finally out in the world, available to anyone on Kyber Network, not just to the people who participated in the crowdsale.
Improvement continues, we are still hard at work and on schedule according to our Roadmap. We will keep you updated on any new developments so make sure you check back regularly. In the meantime, stay safe and protect your private keys!
