HTC Integrates Kyber Network for Mobile Token Swaps

HTC Integrates Kyber Network for Mobile Token Swaps

Taiwanese electronics manufacturer HTC has incorporated Kyber Network’s liquidity protocol into its cryptocurrency Zion Vault, featured on the Exodus1 smart phone. The development will enable users to swap crypto assets between devices without the need for connecting with third party exchanges.

As a web 3.0 blockchain phone, Exodus1’s use of Kyber’s protocol claims to provide a smooth transaction which can be easily tracked and verified on-chain.

Value Exchange on Any Application

The Zion Vault uses a 12-word recovery seed-phrase, generated through a Trusted Execution Environment (TEE) that blocks possible malware attacks and allows users to store, send and request Bitcoin, Ether, Litecoin, plus selected ERC-20 tokens and ERC-721 collectibles.

The integration of Kyber’s protocol now means owners will have the ability to move between over 60 major ERC-20 tokens including BAT and DAI directly from the Zion Vault.

After launching its ICO in 2017 which raised over 200,000 ETH, Kyber developed their on-chain liquidity protocol to facilitate decentralised token swaps so it could be integrated into any application enabling value exchange to be performed between all parties in that ecosystem.

Developers are invited to use the protocol to create payment flows, swap services and financial DApps with the aim of building a “world where any token is useable anywhere.”