kyber-network Kyber Network Crystal Legacy (KNCL)

-3.22% (24H)
Market CapVolumeAvailable Supply
$131.32 M$29.82 M92.35 M KNCL

Kyber Network Crystal Legacy current price is $1.420 with a marketcap of $131.32 M. Its price is -3.22% down in last 24 hours.

Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Tapping on the protocol, developers can build payment flows and financial apps, including instant token swap services, erc20 payments, and innovative financial dapps - helping to build a world where any token is usable anywhere. Kyber Network maintains liquidity through the dynamic reserve pool. The pool contains all of the Reserve Entities in the system. Having multiple entities in the pool prevents monopolization and keeps exchange rates competitive. When a user requests an exchange, the Kyber smart contract makes the exchange through the Reserve Entity with the best exchange rate for the user. By allowing external Reserve Entities, Kyber Network prevents centralization and opens the door to low-volume token listings. External reserves may be fine with taking on the risk of storing less popular tokens that the Kyber reserves don’t list. To prevent bad actors in the reserve pool, Kyber Network has few safeguards. The network will flag any exchange rate for special approval that’s greatly outside the norm. To protect funds in a public reserve, Kyber makes all exchanges using them available through a transparent fund management model. The Kyber team is impressive. Loi Luu, Yaron Velner, and Victor Tran are the founders behind the project. Luu previously created Oyente, the first open-source security analyzer for Ethereum contracts, and cofounded SmartPool, a decentralized mining pool project. Velner has been active in the Ethereum bug bounty program, and Tran is also a lead developer at SmartPool. The team has a well-rounded advisory board with the most notable member being Vitalik Buterin, Ethereum wunderkind. In August 2017, Kyber successfully launched their testnet beta. They plan on releasing their live product in Q1 this year in which you’ll be able to trade between Ethereum and ERC20 tokens. The project has an extensive list of partners including Request Network, Wax, and Storm. Because it’s an ERC20 token, you can store KNC in any wallet with ERC20 support. MyEtherWallet is the most popular online option. MetaMask works as well. Many investors choose to use a hardware wallet for additional security. You can’t go wrong with either the Trezor or Ledger wallet as both supports KNC.
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10 Kyber Network Crystal Legacy (KNCL)

# ExchangePairPriceVolume (24h)Updated

🌧Rainmaker Liquidity Mining for $HERO x $KNC on @BinanceChain

⏰Starting Block: 10964900 ~Thur, September 16th. 21:00 GMT+8

👨‍🌾Farm here:

Learn & Earn BONUS @BinanceChain!
⭐️$100 x 20 Lucky Winners

To Win
1️⃣Follow @KyberNetwork & RT
2️⃣Tag 2 friends #KyberBinance $KNC
and Screenshot DMM Yield page + APY: on BSC
3️⃣Join Kyber telegram and discord
4️⃣Fill up Google form:

Our talk about "Building and Managing Protocols On Different Chains" with Sree Lekhya (@sreelekhya6), developer at @KyberNetwork, is out now on YouTube!!

Watch it now:

@KyberNetwork @PolyDoge My avatar is the cutest one! Enjoyed watching your DMM video and joined Discord. What a cool concept event love it @PolyDoge Visited Kyber booth and here is my selfie @KyberNetwork 💕#KyberAtPolycon

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