SMART VALOR, a Switzerland based regulated digital asset exchange, will be running an Automated Price Reserve for the VALOR token on the Kyber Network, which provides a tool that allows traders to exchange tokens instantly without having to use exchanges.
The VALOR token will be accessible via KyberSwap and other decentralized applications (dApps) and platforms that use Kyber’s on-chain liquidity protocol. Kyber Network currently supports more than 80 ERC-20 compliant tokens.
Kyber will begin supporting VALOR tokens on October 7, 2020 at 9 PM (GMT+8).
SMART VALOR aims to become the world’s first token exchange for alternative investments,
The company is planning to “build the new financial market infrastructure which will democratize access to wealth and make exclusive investments widely accessible,” according to Olga Feldmeier, CEO at Smart Valor.
The SMART VALOR team includes professionals that have experience working with blockchain technology, cryptography, banking systems, regulatory processes, and software development.
SMART VALOR has been focused on support initiatives that aim to create progressive blockchain regulations in Switzerland and globally. SMART VALOR was chosen out of many applicants as the Top 5 startups to join the Thomson Reuters Incubator program in 2017–18 in Switzerland. The company has also established one of Europe’s most recognized blockchain conferences, the CRYPTO SUMMIT.
As mentioned in a blog post by Kyber Network:
“Native Exchange Cryptocurrencies is the new revolutionary way to own the next generation capital market infrastructure. VALOR is the native cryptocurrency of the SMART VALOR exchange. Services related to VALOR token are managed by a Swiss entity. VALOR creates a circular token economy where the value of the token increases alongside the scaling of the platform. VALOR is an ERC-20 Ethereum utility token.”
(Note: for more details about how the VALOR token will be used, check here.)
As reported in September 2020, SMART VALOR had teamed up with Republic Advisory, affiliated with leading investment crowdfunding platform Republic – a sister firm of AngelList and CoinList.
According to SMART VALOR, this partnership will enable companies raising funds through most regions to gain blanket investor coverage from every major city in the world. Republic Advisory Services will target US investors, while SMART VALOR engages with European and Asian investors.
Additionally, SMART VALOR and Republic Advisory Services intend on creating a secondary market for digital securities for global early-stage tech companies.
As covered in July 2020, SMART VALOR added staking support for Kyber Network’s native KNC tokens.