Kyber Network is an on-chain liquidity protocol that can be used for a wide variety of inter-token use cases. The protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC-20 payments and financial DApps.
The project's mission is to make any tokens "usable anywhere and become the transaction layer for the decentralized economy".
Some of its key features include:
KNC (Kyber Network Crystal) is an ERC-20 token that is used by reserve managers to pay transactions fees required to execute trades (operate a reserve) and awarded to third parties for generating trade volume. Kyber charges a small fee in KNC each time an exchange happens on the network, then burns the KNC tokens collected as transaction fees.
Over time, as more trades are executed, additional fees will be generated and more KNC tokens will be burned, reducing overall token supply.
Some of its use-cases include:
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We found 5 people related to knc-kyber-network-crystal-v2, include CEO at Kyber Network Victor Tran
We found 10 organizations related to Kyber Network Crystal v2 has Bitfury Group, DeFi Alliance, imToken, Signum Capital, Hashed, TrustToken, ParaFi Capital, Hyperchain Capital, KrystalGO, Trust Wallet
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