What is KYBER NETWORK CRYSTAL(KNC)?

Basic information about KNC

Coin name:

Kyber Network Crystal

Coin symbol:

Coin introduction:

What Is Kyber Network (KNC)? Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates. All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs. The Kyber Network Crystal (KNC) token is a utility token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals — and earn staking rewards in Ethereum (ETH) that come from trading fees. What Makes Kyber Network Unique? Kyber Network is the first tool that allows anyone to instantly swap tokens without the need of a third-party, like a centralized exchange. The unique architecture of Kyber is designed to be developer-friendly, which enables the protocol to be easily integrated with apps and other blockchain-based protocols. DeFi has many use cases and possibilities. Therefore, no single liquidity protocol can fit the needs of all liquidity providers, takers, and other market participants. Kyber’s liquidity hub architecture allows developers and the Kyber team to rapidly innovate and integrate new protocols into the overall Kyber Network to cater to different liquidity needs. In April 2021, Kyber launched the Kyber DMM, the world’s first dynamic market maker protocol (DMM). Kyber DMM is a next-generation AMM designed to react to market conditions to optimise fees, maximise earnings, and enable extremely high capital efficiency for liquidity providers, especially for stable pairs with low variability in price range (like USDC/USDT, ETH/SETH). They will be able to support pools with extremely high amplification factors, which means given the same liquidity pool and trade size, slippage can be 100x (or more) better than typical AMMs. Depending on their amplification strategy, liquidity providers can maximise the use of their capital and have the opportunity to earn much more fees relative to their contribution size, while takers can enjoy extremely low slippage on their trades. Kyber DMM is the first of many new liquidity protocols that will be launched on the Kyber 3.0 Liquidity Hub. In the Kyber ecosystem, KNC token holders play an important role in deciding new growth and value-capture opportunities and incentive mechanisms. Through KyberDAO, KNC holders can participate in the governance of the network by voting on important proposals. Kyber’s community is sizable and made up of a wide range of developers, in addition to other members of the blossoming DeFi industry. Kyber’s fully on-chain design enables the protocol to maintain full transparency and verifiability. The platform claims to be the most used liquidity hub in the world. How Is the Kyber Network Secured? As an ERC-20 token, Kyber is built on top of and secured by the Ethereum blockchain. In addition, Kyber uses an extensive trust and security model that protects users from misbehaving administrators or exchanges, thanks to security measures built in both at the protocol and smart contract level. The platform has been audited by several third-party security firms and researchers, including Chainsecurity, which have determined that the protocol is secure and hence free of vulnerabilities.

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Current Price:

$0.1329More coin details

All-time high:

$5.7

All-time low:

$0.123044

KNC Supply Info and Tokenomics

Circulating supply:

170M

Total supply:

240M

Max supply:

252M

Market cap:

$22.613M

Fully diluted valuation:

$33.530M

What is the outlook and future value of KNC?

The current market cap of KNC is $22.613M, ranked 1077 in the market, showing that the market already recognizes the value of KNC. When a bull market arrives, the market cap of KNC may continue to grow.

Moreover, if KNC can play a greater role in real-world applications—such as if the Monero developers can fully empower KNC and establish partnerships with more business partners to expand its user base—then the long-term value of KNC will be further enhanced.

What is the price of KNC in 2027?

According to the historical price performance prediction model of KNC, the price of KNC is expected to reach $0.139545 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get KNC?

Purchasing KNC with cash is not the only way to obtain KNC. If you have enough time, you can get KNC for free.

Learn how to get Hot rewards for free with KNC.

Earn free KNC by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get KNC airdrops for free.

All crypto airdrops and rewards can be exchanged for KNC through LBank spot trading.

Buy KNC starting from $1

What is KNC used for and how to use it?

The use cases for KNC may grow with the development of the crypto market and project progress. Currently, you can use KNC to:

Arbitrage trading of KNC

KNC is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many KNC trading pairs to suit your needs.

Earn yield with KNC

You can also lend out KNC or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your KNC gains.

Send or pay with KNC

If you want to pay someone with KNC, you can easily and quickly send KNC to them using their receiving address.

You can also visit the official website of Kyber Network Crystal to learn more use cases of KNC, such as whether the Kyber Network Crystal project supports community/eco apps or buying physical or virtual goods with KNC.