Published
2022.09.14
Time to read
3 minutes
EN
Everything You Need to Know About the Upcoming Ethereum Merge
Dear Users,
The Ethereum network is undergoing a series of upgrades, introducing dozens of changes to the network, including a move from the Proof-of-Work consensus mechanism to Proof-of-Stake.
Monday’s successful activation of the Bellatrix upgrade is one of the final steps before the completion of the Merge, a software update that is expected to be completed between September 13-15.
Kyrrex supports the Merge, providing the highest level of security and privacy for users. If the Merge is successful, ETH holders (in wallets, in staking, or in orders) will receive the updated ETH tokens by airdrop on a new consensus.
However, deposits and withdrawals on the Ethereum network will be temporarily unavailable during the upgrade. After the successful upgrade, all ERC-20 functions and operations will be restored on Kyrrex.
What is the Merge (Ethereum 2.0)?
The Merge represents the joining of the existing execution layer of Ethereum with its new Proof-of-Stake consensus layer. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability.
Why it's important?
Ethereum will likely hold center stage for weeks, as crypto investors await the results of the Merge, which was first announced in December 2020. With the move, minting new Ether tokens will consume much less energy than before. The potential also exists for the supply of Ether to become reduced post-Merge, which would make it a deflationary currency. A more limited supply of ETH will likely lead to higher valuations for holders.
Use this opportunity for your profit!
Regards,
Kyrrex team
Related articles
Kyrrex & Huobi Partner for PrimePool Event: Win Over 1 Million KRRX Tokens!
PrimePool, in partnership with Huobi!
We are excited to announce the return of PrimePool, in partnership with Huobi! For now, users can lock their HT tokens for any length of time before the event ends to earn a reward of up to 1,208,898 KRRX tokens.
The event will run from 12:00 UTC on January 18, 2022, to 12:00 UTC on January 25, 2022, so make sure to participate before the event ends.
Event: Win Over 1 Million KRRX Tokens!
Specifically, you can lock any number of HT tokens from 100 units and receive an additional reward in KRRX tokens for doing so (the reward is calculated according to a formula that you can find on the event page at the link below).
This is a great opportunity for users to experience the upgraded PrimePool and win grand rewards. With simple rules, this event is open to all!
To join the event, all you need to do is visit the link provided and follow a few steps.
Your Kyrrex Team 💚
2023.01.19
3min reads
Huobi Welcomes KRRX Token to its Ranks with a Bang!
We are happy to announce that Huobi, one of the biggest and most reputable cryptocurrency exchanges in the world, has listed the KRRX token!
When can I start making KRRX deposits and trade?
Huobi has already enabled deposits for KRRX holders. You can start making KRRX deposits right now!
KRRX spot trading (KRRX/USDT) will open when the deposit volume meets the requirements for market trading on Huobi. Once the trading volume threshold has been met the commencement date of KRRX/USDT spot trading will be officially announced.
KRRX withdrawals will open at 12:30 (UTC) on January 18
Let’s develop the KRRX ecosystem together!
The KRRX token provides a seamless way to interact with services and features on the Kyrrex network. All KRRX holders are entitled to discounted fees, staking benefits, and other special advantages.
KRRX is connected to many inner projects as well as linked to numerous initiatives, including significant partnerships in the sports industry. Currently, Kyrrex intends to expand agreements with MotoGP rider Jorge Martin, Moto2 young talent Pedro Acosta, and paddle athlete Martin Di Nenno.
Moreover, will launch Kyrrex Sport soon. A marketplace for potential athletes' image rights that are represented by fungible tokens (not NFTs) as well as an NFT marketplace for their personal collections.
This listing is a major milestone for Kyrrex as the company aims to make the KRRX token more accessible to users around the world. We are confident that Huobi's high liquidity and solid reputation would be extremely beneficial to our users.
To further improve the Kyrrex ecosystem, we will continue to reinforce existing collaborations and explore new strategic partnerships with industry stakeholders.
Stay tuned!
Your Kyrrex 💚
2023.01.17
4min reads
Kyrrex & Huobi Launch Exciting Crypto Tournament with 50,000 KRRX Prize Pool!
The tournament offers a massive prize pool of 50,000 KRRX and guaranteed payouts for 500 winners, providing all participants with the opportunity to come out on top.
The tournament will run from January 17th to February 1st, giving participants ample time to demonstrate their trading strategies and compete for the top prizes.
Don't miss out on this exciting opportunity to win big and register for the tournament today!
How to become a participant of KRRX-Huobi tournament:
1️⃣ Register on the Lot.Trade;
2️⃣ Create a new account on huobi.com;
3️⃣ Create an API key on the Huobi exchange and connect it to your Lot.Trade Personal Account;
4️⃣ Achieve a trading volume of at least 150 KRRX within 24 hours after registration;
5️⃣ Actively trade KRRX from the created profile on Huobi throughout the tournament, until its completion on 01.02.2023;
6️⃣ Wait for the results and get the desired prize
The first 1500 users who successfully complete the registration and trading conditions within 2 days after the tournament begins, will receive a bonus of $10. This is a limited offer, so don't miss out on this bonus opportunity.
So, are you ready to join the Kyrrex and Huobi crypto communities and compete for a prize pool of 50,000 KRRX and guaranteed payouts for 500 winners? Then fulfill the registration and trading conditions now and join our exciting crypto tournament.
Your Kyrrex 💚
2023.01.17
4min reads