We are happy to announce that VALOR, the SMART VALOR’s native token , will be listed on the decentralized exchange (DEX) Kyber Network starting on the 7th October 2020 at 9PM (GMT +8). VALOR will be accessible through KyberSwap and other DApps that are powered by Kyber’s on-chain liquidity protocol. SMART VALOR will be running the Automated Price Reserve for VALOR token.
A big step for VALOR
Listing VALOR on Kyber will allow developers, decentralized apps and protocols to interact with the SMART VALOR ecosystem at any time. This opens up the door to many more use cases for the token as any developer on the Kyber network can begin building applications powered by the VALOR token.
The first VALOR DEX listing
This is the first VALOR listing on a decentralized exchange and will be followed by other exchanges bringing VALOR on the top three DEXs this year. This move is a starting point for the second stage of SMART VALOR development. After having successfully finished the first phase of development – the fully compliant, regulated digital asset exchange – SMART VALOR is now moving to include further asset classes beyond the cryptocurrency space.“The timing is right because our vision of enabling decentralized marketplace for real assets and security tokens has finally started to gain ground with the recent spread of DeFi platforms. Apart from further regulatory licensing, extending the spectrum of available assets on SMART VALOR will relate to enabling settlement trough DEX functionality.” – Said Olga Feldmeier, CEO of SMART VALOR.
To celebrate the listing of VALOR on Kyber Network, there will be a trading competition conducted on Kyber in the second half of October. The exact dates will be announced in the upcoming weeks.
The rise of DEXs
Decentralized exchanges (DEX) have become widely popular amongst the crypto trading community in recent months due to their transparency, autonomy, accessibility and liquidity features. The liquidity mining – earning fees for providing funds into the liquidity pool – has attracted thousands of traders globally and contributed to the fast growth.
These types of exchanges today do not require KYC and therefore, they are more accessible to anyone with an on-chain crypto wallet. DEXs also support a wide range of trading pairs uncommon to most centralized exchanges.
The main difference between a centralized exchange and a decentralized exchange is that the user owns and have total control of their non-custodial wallet. Their private keys and transaction history are not shared with the DEX operator. Instead, DEX users trade through smart contracts with so called liquidity pools which in many cases are created by other users. Examples of the latest generation of DEXes include KyberSwap, Uniswap and Curve Finance.
The development of DEXs jointly with P2P staking and lending contributes to the fast growth of Decentralized Finance (DeFi) space. Total value locked in DeFi grew by multiple five just within the last three months reaching 10 billion USD.Additional resources Understanding DEXs What is Kyber Network?