Review on Kyber Network by Pedro O. Alvino M.
liquidity and support
Being a project that specializes in the cryptoactive market that provides liquidity can be beneficial when the market stagnates, it will allow many operators not to have losses when establishing orders that take time to process.
In itself, the goal of KyberNetwork is to allow users to store coins in their own wallets and be able to exchange them instantly for other tokens using smart contracts
Pros
- Ethereum network based protocol
- Provides token exchange with high liquidity and instant transactions
- Supports compatibility with existing smart contracts
- It is safe against hacker attacks.
Cons
- There may be a decrease in KNC according to the elimination of the same when used for operating costs.
- It has arduous competitors like OmiseGO and 0x.
