KNC (Kyber Network Crystal) is the native ERC-20 token of Kyber Network. More
| Fully Diluted Valuation | $4.47M |
|---|---|
| 24H Trading Volume | $16,309 |
| 24H Low / High | $0.37 / $ 0.38 |
| Circulating Supply | 11.41M |
| Total Supply | 11.84M |
| Max Supply | 226.00M |
| Categories | Decentralized Exchange (DEX) 7 more |
|---|---|
| Founder | Loi Luu |
| Website | kyber.network Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Harmony 6 more |
| Contracts |
0xdd9....bd200
2 more
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| Name | Pair | OG Score |
|---|
Kyber Network, a leading multi-chain crypto trading and liquidity hub, is set to enhance its ecosystem with a major upgrade to its native token, Kyber Network Crystal (KNC). This move, approved by KyberDAO through KIP-6, aims to make KNC more dynamic, supporting efficient upgrades and granting greater control to the KyberDAO community.
The migration process for KNC commenced on April 20, 2021, with no hard deadline as of August 2021. KNC holders are encouraged to participate in the migration, where the ratio is set at 1:1, meaning one old KNC will be migrated to one new ERC-20 KNC token. To prevent confusion during this transition, the old token will be labeled as KNC Legacy (KNCL), while the new token retains the original ticker, KNC. Importantly, KNC remains an ERC-20 token throughout this process.
For those managing their KNC tokens on self-custodial wallets like Metamask, Krystal, Ledger, Trezor, Keystore, etc., the migration process is straightforward. Individuals can convert their tokens to the new KNC using the Migration Portal available at kyber.org/migrate.
However, an essential caveat for KNC holders is to exercise caution when dealing with centralized exchanges. Transferring KNCL tokens to platforms that only support the upgraded KNC may result in a loss of funds. It is crucial to verify the exchange's support for both versions of KNC to ensure a seamless transition and avoid any potential financial pitfalls.
Kyber Network has positioned itself as a reliable and innovative force in the crypto space, facilitating over $7 billion in trades. Audited and insured for reliability, Kyber Network boasts backing from reputable projects and widespread integration of its technology into various wallets, payment systems, and decentralized finance applications.
As KNC undergoes this migration and upgrade process, Kyber Network continues to demonstrate its commitment to providing its community with cutting-edge technology and a seamless user experience. The upgrade not only enhances the token's functionality but also empowers the KyberDAO community to play a more significant role in the network's governance.
In conclusion, the KNC migration represents a pivotal moment for Kyber Network, marking a step towards greater decentralization and flexibility. KNC holders are encouraged to stay informed, participate in the migration, and embrace the upgraded KNC as the network charts its course into the future of decentralized finance.
Kyber Network's KNC upgrade, approved by KyberDAO through KIP-6, makes KNC more dynamic and grants greater control to the community. The migration process ensures a seamless transition, maintaining KNC as an ERC-20 token while enhancing its functionality.
Kyber Network was founded by Loi Luu, Victor Tran, and Yaron Velner, visionary leaders in the cryptocurrency space.
Kyber Network has garnered support from reputable projects, solidifying its position in the crypto space. Backers and investors include influential figures and organizations committed to the success of Kyber Network.
You can buy Kyber Network Crystal Legacy (KNCL) on P2B, Nami.Exchange, Uniswap V2 (Ethereum), CoinzoomKyberSwap Classic (Ethereum) cryptocurrency exchanges.
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