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Cyber ​​Republic Council Reaches Deal With Market Leader Kairon Labs

The Kairon Labs and Cyber ​​Republic partnership will further strengthen the Elastos ecosystem.

Kairon Labs’ bespoke algorithms will provide a much more stable, sustainable, and liquid marketplace for traders and organizations in the Elastos ecosystem.

We are thrilled to announce this partnership with industry leaders, Kairon Labs, and look forward to working closely with their leadership team for the benefit of the Elastos ecosystem.

— Fakhul Miah, co-founder of Elation Studios

LONDON, ENGLAND, June 7, 2022 /EINPresswire.com/ — The Cyber ​​Republic (CR) The Council has officially entered into an agreement to integrate a cryptocurrency market maker Kairon Laboratories provide support in the foreign exchange markets to Elastos and its native token, ELA, as stated in the terms of the recently approved Proposition 80. Originally submitted as suggestion #159 by ecosystem organization and CR Council member Elation Studios, the proposal was overwhelmingly passed, with 11 of the 12 CR Council parties voting in favor. As a market leader in cryptocurrencies, Kairon Labs has been providing market making services since 2017 and has built a reputation as an industry leader by providing custom algorithms and support to over 60 clients in various cryptocurrency sectors including DeFi and NFT on over 120 exchanges.
Ecosystem Benefits: Market Depth

By integrating a professional market maker already well-suited to a variety of market dynamics and unique digital assets, Elastos is able to provide a much more stable, sustainable and liquid marketplace for traders and other individuals and organizations looking to engage in the Elastos ecosystem.

Kairon Labs will support Elastos’ presence in public markets by:

– Increased market liquidity and order book depth
– Reduce price volatility and dramatic price swings
– Facilitate the discovery of the right price
– Ensure effective bid-ask spreads in order books
– Provide orderly entry and exit points for traders
– Reduced slippage
– Accept large orders
– Facilitate OTC trading

“We are thrilled to announce this partnership with Kairon Labs, the market leader in cryptocurrencies and utility tokens. We look forward to working closely with their leadership team for the benefit of the Elastos ecosystem,” said Fakhul Miah, co-founder of Elation Studios.

Benefits for the ecosystem: extension of the network

In addition to stabilizing public markets for ELA, the integration of Kairon Labs opens up a host of new networking opportunities in the trading and investing space. Kairon Labs will be able to add value to the Elastos ecosystem as a networking agent by:

– Expose Elastos to potential synergies and partnerships with other blockchain companies
– Introducing top-tier CEXs (including US-licensed exchanges)
– Presentation of VCs and OTC investors Post-TGE (Token Generation Event)
– Offer discounted market making prices for projects in the Elastos ecosystem

“With the addition of Elastos, Kairon Labs has added tremendous value to its own network. Elastos has continued to grow and evolve since its inception and has shown an obsession with quality. This attention to detail is evident if you’ve used the Elastos Essentials app before, which is a Swiss army knife for anyone looking to interact in the Elastos ecosystem. We look forward to caring for ELA in the marketplaces and contributing to future growth and platform adoption,” said Jens Willemen, co-founder of Kairon Labs.

About Cyber ​​Republic

Cyber ​​Republic Consensus is the third Elastos consensus mechanism after PoW and DPoS. The goal of the CRC is to provide a consensus-based community governance mechanism that will drive Elastos technology and ecosystem development, dispute resolution and community asset management, and establish incentives to foster community participation. governance and contributing to the Elastos community. .

The CR Council can be considered the high-level governance model of the CR community, but it is not intended to become a closed, tightly-knit, or mandatory organizational structure for the community; openness, dispersion and spontaneity are essential characteristics of the community. Rather, its purpose is to guide the process of grassroots growth through the power of democratic decision-making and to provide assistance where needed.

Additionally, the CR Council is the core infrastructure to grow the Elastos dApp ecosystem, as it provides a general mechanism for community governance, including funding opportunities for truly decentralized applications.

About Elastos

Founded in 2017, Elastos is a decentralized community that builds the most comprehensive and interoperable open source Web3 platform in the blockchain industry. Using a hybrid consensus that combines the secure hashing power of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake, Elastos’ SmartWeb ecosystem includes a suite of software for a fully decentralized Internet. Elastos uses not only blockchain technology but a peer-to-peer network for communication, decentralized data storage services, decentralized identification system (DID) for all digital assets, Elastos Smart Chain (ESC) – an EVM compatible layer 2 chain, and the ability to create unlimited smart contracts and sidechains. Elastos is not only the foundation for securing truly decentralized applications that can scale; it is the foundation of true data ownership.

To learn more, visit the Elastos Info website, Twitter or Discord. If you are a developer, visit Elastos Developer or GitHub.

About Kairon Laboratories

Kairon Labs is a cryptocurrency market leader based in Antwerp, Belgium. Kairon Labs provides liquidity provisioning and algorithmic trading services as a designated market maker for its clients, supporting over 120 exchanges. Kairon Labs supports a wide range of blockchain projects, from top 100 projects listed on major DEXs such as Coinbase and Binance, to smaller projects looking to secure their first listings on DEXs.

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Cassie
Cyber ​​Republic
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