Kyber Network Crystal
KNC
$0.149246
Current Price
+3.92%
24h Change
Info
KNC
Symbol
$35.98M
Fully Diluted Valuation
$31.23M
Market Cap
686
Market Rank
241.05M
Total Supply
$1.86M
Total Volume
$0.150914
24h High
$0.144788
24h Low
About Kyber Network Crystal
Kyber Network Crystal (KNC) serves as the backbone of Kyber Network, a prominent liquidity protocol hub that aggregates liquidity from diverse sources to facilitate secure, instant transactions on decentralized applications (DApps). Aimed at addressing the liquidity challenges in the decentralized finance (DeFi) sector, Kyber Network empowers developers to build applications without liquidity constraints. KNC, as a utility token, integrates various stakeholders within the ecosystem. Token holders can participate in governance via KyberDAO, influencing protocol decisions and earning staking rewards in Ethereum derived from trading fees. Technologically, Kyber Network distinguishes itself with an entirely on-chain architecture, ensuring transparency and verifiability. This developer-friendly design facilitates seamless integration with other blockchain protocols. In April 2021, Kyber introduced the Kyber Dynamic Market Maker (DMM), a pioneering automated market maker that adapts to market conditions for optimized fees and enhanced capital efficiency, particularly in stable asset pairs. The network's comprehensive security measures, including smart contract audits by third-party firms like Chainsecurity, fortify its infrastructure. As an ERC-20 token on Ethereum, KNC benefits from the blockchain's robust security framework, supporting its position as a leading liquidity hub in the DeFi space.
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FAQ
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