Kyber Network-Wanchain Partnership Announcement

Kyber Network is excited to announce its newest partnership with Wanchain, the universal cross-chain protocol that will power the new digital economy with its private cross-chain smart contracts, distributed ledger, and token exchange privacy protection.

Wanchain was founded in 2016 in response to the rapidly growing digital economy, a market that has seen such an exponential increase in size and scale that it is only a matter of time before it becomes ‘the economy’. Given that our current financial system is in need of improvement to increase efficiency, Wanchain is spearheading the mission to rebuild global finance, increase top-line revenue, and forever change our world’s economic system. Seeing that the primary limiting factor preventing mainstream adoption is that digital assets are isolated on their respective chains, Wanchain is establishing cross-chain connections that will enable easy on-chain asset flows, removing the involvement of risky centralized parties.

Wanchain has made a big splash in the digital currency world, accumulating a significant social media following with 60k Twitter followers. This popularity began with the release of the Wanchain ICO in October of 2017, which almost immediately hit its hard cap at $36 million USD. Wanchain 1.0 was launched just last week and has so far received widespread support. Updated Wanchain versions are planned to launch in the coming year.

With a strong development team comprised of veteran software engineers and expert blockchain advisors, many of which founded the Factom project, Wanchain has become a competitive and highly regarded company. Additionally, partnerships between Wanchain and leading blockchain companies like Aion, DecentraNet, and ICON have created a strong network of support with the potential for new developments and expansion.

Kyber Network intends to collaborate with Wanchain in three major areas: advising, exchange creation and liquidity provision, and the PeaceRelay Project.

Loi Luu, CEO and Co-Founder of Kyber Network, will work with Wanchain as an advisor, thereby increasing communication and collaboration between the two teams. Both parties will share marketing, public relations, community, and partnership building contacts when relevant. Additionally, Kyber Network will build a decentralized exchange on the Wanchain Platform, and also provide liquidity for the DEX. The DEX will resemble the one currently being launched on the Ethereum Platform.

Finally, Wanchain will collaborate with Kyber Network on the PeaceRelay project, aimed at allowing communication and interaction between different Ethereum-forked blockchains, i.e Ethereum and Ethereum Classic. Wanchain, as a fork of Ethereum, will add valuable resources to the project, helping to access and combine other Ethereum-forked blockchains.

This promising partnership will solidify both Kyber Network’s and Wanchain’s aspirations as two of the most well designed and competitive blockchain companies in the digital economy, pushing both teams to new heights. Through this collaboration, we can expect greater cross-chain activities in the future, which can enable more innovative and novel applications of the blockchain technology that pushes the technology frontier for the greater benefits of our society.

About Kyber Network

Kyber Network is a decentralized and trustless exchange that enables instant conversion of crypto-assets with guaranteed liquidity. The Kyber protocol will be key to promoting liquidity of crypto-assets in the blockchain ecosystem and improving the public perception of tokens as a tradable asset class.

About Wanchain

Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether public, private, or consortium, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection.