The Sandbox Partners with Kyber Network, Lists $SAND Token on Exchange
The Sandbox is thrilled to announce its partnership with Kyber Network, the most used and integrated decentralized finance (DeFi) protocol in the world, with over US $1 Billion worth of transactions facilitated since its inception. Kyber supports over 80 different tokens, and powers over 100 integrated projects including popular wallets MEW, Trust, Enjin, Argent, and the HTC Exodus smartphone, as well as DeFi platforms Nuo, DeFiSaver, InstaDApp, Set Protocol, Melon, and many others.
KyberNetwork is a unique platform that enables users to exchange ETH and various ERC20 tokens in a matter of seconds. The key value proposition of the exchange is that there is no need to wait and users can participate in the exchange without obligatory registration.
We’re also happy to announce that The Sandbox will be running an Automated Price Reserve for the SAND token on Kyber Network!
The Sandbox’s $SAND Token to Be Listed on Kyber Network
The Sandbox’s $SAND token will be listed on Kyber Network on Tuesday, October 6th, 2020 at 9 PM (GMT+8), and users will be able to participate in trading via KyberSwap and other DApps and platforms that run on Kyber’s on-chain liquidity protocol.
KyberSwap is a decentralized exchange platform that is built on the Ethereum Network. Thanks to this application, users are able to buy, trade, and transfer more than 80 cryptocurrencies. In addition to being a safe and secure decentralized crypto exchange, KyberSwap also offers crypto alerts to its users, who enjoy 100% control of their assets and digital currencies, since the exchange does not hold custody over their digital possessions.
The Sandbox entered the strategic partnership with the leading liquidity infrastructure for DeFi, Kyber Network, and the team is excited about the upcoming projects and collaboration that the two companies are committed to pursuing.
What is KyberNetwork?
The Kyber Network offers a one-of-a-kind decentralized way to exchange Ethereum and other ERC20 tokens instantly. To ensure the transactions are instant and do not require waiting, Kyber Network utilizes a diverse set of liquidity pools. In other words, these are pools of various cryptocurrency assets that are dubbed “reserves” that any project is able to integrate with. In addition to that, every single transaction on Kyber Network is transparent.
Following on this, Kyber Network’s on-chain liquidity protocol makes it possible for decentralized token swaps to be integrated into any app. This mechanism offers a seamless value exchange between all the involved parties in the ecosystem.