Kyber Network Crystal KNCPrice $ 0.246

Kyber Network is a blockchain-based project that provides a liquidity infrastructure for decentralized finance. It is multi-chain compatible and operates as an all-encompassing trading and liquidity hub. It hopes to be able to enable seamless cross-border and cross-chain value exchange. Some of Kyber Network’s key features include no limits on trades, no sign-up required, and no third-party intermediary.

Kyber Network Crystal (KNC) is the platform’s native cryptocurrency. It has a total supply of 

What are Kyber Network Crystal’s key features and how does it work?

First and foremost, the Kyber Network operates as a liquidity-providing platform. It is able to offer competitive token rates thanks to its ability to aggregate liquidity from multiple protocols. Additionally, thanks to its on-chain functions, decentralized applications can easily integrate with the Kyber protocol and access its deep liquidity pools. Anyone can contribute to the liquidity pools on the Kyber network and earn a portion of the fees in return. This allows liquidity providers, market makers, and traders to benefit from the platform.

Also as part of the Kyber Network are the KyberSwap trading platform, the KyberDAO, as well as the KNC token itself. The KyberSwap trading platform allows users to trade, buy, swap, and sell tokens.

The Kyber Network places a strong emphasis on decentralized governance and, as previously mentioned, has created its own DAO, the KyberDAO. The DAO has a dedicated platform on which KNC token holders can participate in all things related to the governance of the Kyber ecosystem. This includes 

What can KNC be used for?

The native KNC token is a key part of the Kyber Network and is essential for its operations. In particular, it is used as a utility and governance token. KNC holders and stakers are entitled to take part in the platform governance and vote on any changes or modifications, this includes upgrades, KNC minting, or burning mechanisms. The KyberDAO is in charge of managing governance. Furthermore, they earn rewards from trading fees on protocols running in the network. 

Where can you buy KNC?

KNC is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, OKX, CoinBase Pro, FTX Spot, OKX, and Huobi Global. The price of KNC will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for KNC market prices, please view the price charts on this page.