Kyber Network Crystal (KNC) offers a decentralized liquidity network for seamless inter-token transactions. More
| Fully Diluted Valuation | $89.66M |
|---|---|
| 24H Trading Volume | $7.77M |
| 24H Low / High | $0.36 / $ 0.38 |
| Circulating Supply | 170.15M |
| Total Supply | 240.46M |
| Max Supply | 252.30M |
| Categories | Automated Market Maker (AMM) 15 more |
|---|---|
| Founder | Loi Luu 2 more |
| Website | kyberswap.com |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 9 more |
| Explorer | Avascan 9 more |
| Contracts |
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| Name | Pair | OG Score |
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Kyber Network Crystal (KNC)
Kyber Network Crystal (KNC) is a crucial component of the Kyber Network, an Ethereum-based protocol focused on aggregating liquidity and facilitating swaps for ERC-20 tokens. Founded in 2017 by Loi Luu, Victor Tran, and Yaron Velner, Kyber Network aims to provide a decentralized liquidity infrastructure for the tokenized world, enabling seamless inter-token transactions across platforms and ecosystems.
Key Features: Aggregating Liquidity
The key feature of Kyber Network is its ability to aggregate liquidity from various sources, allowing for optimized token trades and instant swaps. The platform operates by aggregating liquidity from reserves managed by reserve managers. These managers are responsible for maintaining liquidity in trading pairs and updating bid and ask spreads. Users can also contribute to these reserves and earn a return on their capital.
Decentralized Governance: KyberDAO
One of the unique aspects of Kyber Network is its decentralized governance model through the KyberDAO. KNC holders can participate in governance by voting on proposals related to upgrades, minting, or burning mechanisms. This gives KNC holders a say in the development and direction of the Kyber ecosystem.
Utility and Governance Token: KNC
The Kyber Network Crystal (KNC) token is the native cryptocurrency of the platform and serves as a utility and governance token. KNC holders can stake their tokens in the KyberDAO to participate in governance and earn rewards from trading fees on the network.
Innovation in DeFi
Overall, Kyber Network aims to provide a liquidity infrastructure for decentralized finance (DeFi) that is open, transparent, and efficient. With its innovative approach to liquidity aggregation and decentralized governance, Kyber Network, founded by Loi Luu, Victor Tran, and Yaron Velner, is poised to play a significant role in the evolving DeFi landscape.
Kyber Network Crystal (KNC) stands out for its decentralized liquidity network, allowing open contribution of liquidity from token holders and easy integration by DApps, enabling seamless inter-token transactions across platforms and ecosystems.
Kyber Network was founded by Loi Luu, Victor Tran, and Yaron Velner, with Vitalik Buterin as an advisor. They launched the mainnet in February 2018, focusing on aggregating liquidity and facilitating swaps for ERC-20 tokens.
Investors in Kyber Network include #Hashed, Signum Capital, ParaFi Capital, HyperChain Capital, and others. These backers support the project's vision of creating a decentralized liquidity infrastructure for the tokenized world.
You can buy Kyber Network Crystal (KNC) on Binance, Bitget, MEXC, Gate.ioOKX cryptocurrency exchanges.
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