The Kyoto Network Whitepaper
  • The KYO Coin and The Kyoto Network
    • Overview
  • Our EcoSystem
    • Kyoto Coin (KYO)
      • Distribution & Use of Proceeds
      • KYO Valuation
    • Kyoto Carbon (KYOC)
      • Kyoto Carbon Credit Spot Tokens
      • Kyoto Carbon Credit Forward Tokens
      • Kyoto Carbon Offset Token
    • KyotoDEX
      • Kyoto DEX
        • Liquidity Pools & LP Token
        • Token Listing on Kyoto DEX
      • Yield Farming
      • Staking Pools
      • Kyoto Carbon Credit Perpetuals
      • Kyoto Token Factory
  • Market Fundamentals
    • Executive Summary
    • The Current State of Our Environment
    • Urgent Actions Required
    • Regulated Carbon Credit Markets
    • Voluntary Carbon Credit Markets
    • Latest Carbon Credit Market Prices
  • Extras
    • Tokenizing Carbon Credits-"caveat emptor"
  • KYOTO NETWORK
  • Use Cases
  • Migration To Polygon
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  • Description
  • Advantages
  1. Our EcoSystem

KyotoDEX

Description

KyotoDEX is a decentralized exchange built on the Polygon network. At launch the KyotoDEX will have the components below:

  1. A KYOCOIN Swap where users can purchase KYOCOIN by using MATIC at a fixed US$ price (for a limited time only).

  2. An AMM DEX for all KYOCR token types & series with an automated order book based on liquidity pools, where users can purchase KYOCR Tokens by using KYOCOIN. KYOCOIN / MATIC will be listed once the KYOCOIN Swap component has been discontinued.

  3. A Polygon Bridge, this is where users who has ETH can seamlessly convert their ETH into MATIC.

  4. A Buy Matic link to TRANSAK or MoonPay, where users can purchase MATIC using fiat currency.

  5. A carbon footprint calculator, that users can calculate their carbon emission from flights, vehicles, shipping (logistics), electricity, fuel consumption and crypto transactions.

Our carbon footprint calculator for flights, vehicles, shipping, electricity and fuel are based on APIs from Carbon Interface (carboninterface.com). As for Crypto carbon footprint we based our estimates based on data from Digiconomist (digiconomist.net) and independent research done by Frankfurt School Blockchain Center and TUM School of Management at Technical University of Munich.

Advantages

  • Transparent: All transactions executed in the exchange are transparent and will be available on public blockchain explorer.

  • Immutable: Since KyotoDEX is a decentralized application that exist on the blockchain, no data can be deleted. Therefore there is no risks of fraudulent practices by the admin.

  • Very Secure: A blockchain is simply unhackable, since each data block and the chain that links the blocks are secured with the highest level of encryption.

  • Real Time Settlement: Any transactions will be executed in real time.

  • No Single Point of Failure: Unlike traditional centralized server based exchanges that requires manual input & prone to human failure, frequent maintenance and downtime, KyotoDEX exists in the blockchain and most if not all transactional activities are executed by self executing smart contracts. KyotoDEX will operate on 24/7 basis.

  • Non-Custodial: As a decentralized exchange, KyotoDEX does not hold user’s monies. User’s digital assets remain in their own wallet. Thus even in the rare event of a hacking in the app itself, the hacker won’t be able to access the user’s funds.

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Last updated 2 years ago