Kyber Network Price Chart Update [KNC]

The KNC price update as of now is $0.5803. In the previous 24 hours, its trading volume was $13,170,011, and its value has decreased by -2.62%. As of now, KNC's live market cap is $15,023,920, and it is ranked as the #655 on the Coincu. KNC has a circulating supply of 28,858,704 and a maximum supply of 28,858,704.

The Introduction of Kyber Network: Explained Kyber Network is a decentralized on-chain liquidity protocol that allows for the seamless exchange of tokens and value between parties within the ecosystem. This protocol enables developers to create innovative applications and payment flows, including instant token swaps, ERC-20 payments, and decentralized financial applications. The main objective of the Kyber Network is to make any tokens "usable anywhere" and become the preferred transaction layer for the decentralized economy. Key Features of Kyber Network - On-chain settlement: The Kyber Network protocol enables atomic and immediate on-chain settlement for transactions. - Trustless transactions: All transactions conducted on Kyber Network are trustless and transparent. - Ease of use: Users can conveniently bundle multiple value exchanges into a single step. - Seamless integration: The protocol offers simple integration with decentralized applications (dApps), minimizing security and development complexities. Distinguishing Characteristics of Kyber Network - Instant confirmation: Transactions initiated from on-chain entities, such as smart contracts, receive instant confirmation on the Kyber Network. - Operation certainty: Users have visibility into the exchange rate and available liquidity before executing transactions. - Lack of counterparty risk: Kyber Network does not custody or control users' funds, allowing for publicly verifiable operations on the blockchain. The KNC Token of Kyber Network Kyber Network has its own native ERC-20 token called KNC. This token is utilized by reserve managers to pay transaction fees and is also issued to third parties as a reward for generating trade volume. Each exchange conducted on the network incurs a small fee in KNC, which is subsequently burned, reducing the overall token supply over time. Use-Cases of Kyber Network - Decentralized token swaps: Users can execute decentralized token swaps on various platforms, including CoinGecko, KyberSwap, Easwap, and popular wallets like imToken, MyEtherWallet, Trust Wallet, and Coinbase Wallet. - Payments: Kyber Network enables users to make payments for goods and services using any ERC-20 token supported by the network. Vendors can receive payments in their preferred tokens as well. - Decentralized finance (DeFi): Financial dApps and index funds, such as Melonport and Betoken, can leverage Kyber's protocol for seamless and transparent portfolio liquidation or rebalancing. Exchanges, traders, and arbitrage bots can also utilize the Trading API to match orders and capitalize on the liquidity provided on Kyber. For more details, please click here.