Hey everyone! Kyber is my favorite new project in the crypto world. They are building a decentralized cryptocurrency exchange that is trustless, instant, and happens completely on-chain.
Their competitors are 0x and Bancor, but they do have some differences in terms of approach. Particularly, Kyber's reserve system is really interesting and I think it incentivizes people to grow the network.
I made a quick overview video about Kyber in case you haven’t dived into it yet:
https://youtu.be/-XuDcxSl7pYCheck it out and let me know what you think??
I have yet to check youtube. Will do so later. However, i wont really compare kyber to omg. The only similar factor that i can see right now is that they both have vitalik as the advisor. From what i can understand, kyber is tackling on the decentralise exchange field while omg is more focus on unbanking the bank, like cross countries bounders remittance. There has been plan for omg to go huge as they are looking to branch out to credit card services(fight with tenx). Nevertheless, i still see huge potential in kyber, so far their price is x4 if you invest in ico. current price is around $1.77 if i am not wrong while ico is $0.4x.