The Cyber Republic Consensus is the third Elastos consensus mechanism after PoW and DPoS. We look forward to looking after ELA in the markets and helping with the future growth and adoption of the platform” said Jens Willemen, Co-Founder of Kairon Labs. This attention to detail is evident if you've ever used the Elastos Essentials application, which is a swiss army knife for anyone looking to interact in the Elastos ecosystem. Elastos has continued to grow and evolve since its inception and has shown an obsession with quality. ”With the addition of Elastos, Kairon Labs has added tremendous value to its own network. Exposing Elastos to potential synergies and partners with other blockchain ventures - Introducing top-tier CEXs (including U.S.-licensed exchanges) - Introducing VCs and Post-TGE (Token Generation Event) OTC investors - Offering discounted market making prices for Elastos ecosystem projects Kairon Labs will be able to add value to the Elastos ecosystem as a networking agent by: In addition to stabilizing public markets for ELA, onboarding Kairon Labs opens up a wealth of new networking opportunities in the exchange and investment space. We look forward to working closely with their leadership team to benefit the Elastos ecosystem,” said Fakhul Miah, Co-founder of Elation Studios. “We are excited to announce this partnership with Kairon Labs, the industry leading market maker for cryptocurrencies and utility tokens. Increasing market liquidity and order book depth - Reducing price volatility and dramatic price swings - Facilitating fair price discovery - Ensuring efficient bid-ask spreads in order books - Providing orderly entry and exits points for traders - Reducing slippage - Accommodating large orders - Facilitating OTC Trading Kairon Labs will support the Elastos' presence in public markets by: Ecosystem Benefits: Market Depthīy onboarding a professional market maker that is already well adapted to a variety of unique market dynamics and digital assets, Elastos stands to provide a far more stable, sustainable, and liquid market for traders and other individuals and organizations seeking to engage the Elastos ecosystem. As a leading market maker in the cryptocurrency space, Kairon Labs has been providing market making services since 2017, and has built an industry leading reputation providing tailored algorithms and support to more than 60 clients in various cryptocurrency sectors including DeFi and NFTs across more than 120 exchanges. Originally submitted as Suggestion #159 by ecosystem organization and CR Council member Elation Studios, the proposal was passed emphatically, with 11 of the CR Council's 12 parties submitting votes in the affirmative. LONDON, ENGLAND, J/ / - The Cyber Republic (CR) Council has officially closed a deal onboarding cryptocurrency market maker Kairon Labs to provide support across exchange markets for Elastos and its native token, ELA, as outlined in the terms of recently approved Proposal #80. We are excited to announce this partnership with the industry leaders, Kairon Labs and we look forward to working closely with their leadership team to benefit the Elastos ecosystem.” - Fakhul Miah, Co-founder of Elation Studios Kairon Labs' tailored algorithms will provide a far more stable, sustainable, and liquid market for traders and organizations in the Elastos ecosystem. The Kairon Labs and Cyber Republic partnership will further strengthen the Elastos ecosystem.
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