Introduction
KNC serves as an Ethereum token for covering fees within the Kyber Network. This network functions as a protocol designed to streamline and enhance exchanging various digital assets and cryptocurrencies. Its primary goal is to simplify and optimize the swapping of these assets, making it a more straightforward and efficient experience for users.
What Is Kyber Network Crystal (KNC)?
Kyber Network is a hub of liquidity protocols across multiple chains, consolidating liquidity from various sources to facilitate secure and immediate transactions on decentralized applications (DApps). The primary objective of KNC is to provide easy access to deep liquidity pools and offer the best rates for DeFi DApps, decentralized exchanges (DEXs), and other users.
The leading DEX aggregator and liquidity platform of KNC is KyberSwap.com. It ensures that traders in the DeFi space can enjoy superior swap rates compared to individual exchanges. Furthermore, it enables liquidity providers to maximize their earnings through optimal capital efficiency. KyberSwap achieves this by sourcing liquidity from multiple DEXes, including Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and numerous others. These aggregated liquidity sources ensure traders on different chains can access the most favorable rates. KyberSwap currently supports over 13 chains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and will soon include Solana.
One of the notable characteristics of KyberSwap is its decentralized and permissionless nature. It does not require users to sign up or provide personal information. All transactions on KyberSwap occur on-chain, eliminating the need for a centralized third-party intermediary like a traditional exchange. Users can easily verify transactions using the block explorer of Ethereum or other supported chains.
Developers can leverage KyberSwap to build projects and access its diverse features, including instant settlement of token swaps, liquidity aggregation for optimal rates, liquidity pools, and a customizable business model. KNC aims to address the liquidity challenges the decentralized finance (DeFi) industry faces, enabling developers to create products and services without concerns about liquidity for their specific requirements.
The Kyber Network Crystal (KNC) token serves as a utility and governance token, acting as the binding element connecting different stakeholders within Kyber’s ecosystem. KNC holders can stake their tokens in the KyberDAO, participating in the platform’s governance and voting on significant proposals. In return, they earn staking rewards in KNC derived from trading fees. Noteworthy investors in KNC include #Hashed, Signum Capital, ParaFi Capital, and HyperChain Capital.
History of Kyber Network Crystal (KNC).
Kyber, established in 2017, was co-founded by Loi Luu, Victor Tran, and Yaron Velner. On August 27, 2017, they released the v0.8 whitepaper.
Loi Luu holds a doctorate in computer science from the National University of Singapore, focusing on blockchain securities. He played a significant role in developing SmartPool, an open-source project for Bitcoin, where he collaborated with Victor Tran, who has been actively involved in cryptocurrencies since early 2016.
Yaron Velner, who obtained a Ph.D. in computer science from Tel Aviv University, served as the CTO of KNC. Presently, he is the CEO and protocol architect at B.Protocol.
The Kyber team conducted an initial coin offering (ICO) in September 2017 to secure funding for their project. During the ICO, each token was priced at 0.00166 ETH. The ICO concluded on September 15, 2017, and raised approximately $52 million. Subsequently, the Kyber team launched the mainnet in February 2018.
How Are New KNC Tokens Created?
Staking involves holding certain cryptocurrencies to earn rewards. Kyber Network Crystal (KNC) holders can stake their tokens in KyberDAO, a community platform that allows KNC holders to influence the network’s future. Users can receive a portion of the ETH generated from protocol fees by participating in staking. Kyber also offers a community pool, enabling users to engage in governance and earn rewards trustless. To earn staking rewards, users need to vote on every proposal. Staking KNC, voting, and earning rewards can be done on the official Kyber platform, kyber.org.
Where Can You Buy Kyber Network Crystal (KNC)?
KNC tokens are widely available for purchase and trading on numerous exchange platforms, including renowned exchanges such as Binance, Coinbase, Huobi Global, KuCoin, OKX, Kraken, and KyberSwap. KNC is listed on over 20 exchanges, offering a wide range of trading pairs, including popular stablecoins like Tether (USDT) and Binance USD (BUSD).
If you’re interested in buying KNC tokens or other cryptocurrencies using fiat currency, we have a comprehensive guide available to help you get started. It provides detailed instructions and insights to assist you in the purchasing process.
Kyber Network Crystal(KNC) Live Price, Market Cap, Volume, Supply.
Please enter CoinGecko Free Api Key to get this plugin works.Kyber Network Crystal(KNC)price prediction 2023-2034.
| Years | Avg Price | Lowest Price | Highest Price |
|---|---|---|---|
| 2023 | $1.70 | $1.36 | $2.04 |
| 2024 | $0.94 | $0.75 | $1.13 |
| 2025 | $1.18 | $0.94 | $1.42 |
| 2026 | $1.48 | $1.18 | $1.77 |
| 2027 | $1.84 | $1.48 | $2.21 |
| 2028 | $2.30 | $1.84 | $2.77 |
| 2029 | $2.88 | $2.30 | $3.46 |
| 2030 | $3.60 | $2.88 | $4.32 |
| 2031 | $4.50 | $3.60 | $5.40 |
| 2032 | $5.63 | $4.50 | $6.75 |
| 2033 | $7.03 | $5.63 | $8.44 |
| 2034 | $8.79 | $7.03 | $10.55 |
Kyber Network Crystal price prediction 2023
According to our analysis, Kyber Network Crystal’s price for 2023 should range between $1.36 to $2.04, and the average price of KNC should be around $1.70.
Kyber Network Crystal price prediction 2024
According to our analysis, Kyber Network Crystal’s price for 2024 should range between $0.75 to $1.13, and the average price of KNC should be around $0.94.
Kyber Network Crystal price prediction 2025
According to our analysis, Kyber Network Crystal’s price for 2025 should range between $0.94 to $1.42, and the average price of KNC should be around $1.18.
Kyber Network Crystal price prediction 2026
According to our analysisKyber, Network Crystal’s price for 2026 should range between $1.18 to $1.77, and the average price of KNC should be around $1.48.
Kyber Network Crystal price prediction 2027
According to our analysis, KNC Crystal’s price for 2027 should range between $1.48 to $2.21, and the average price of KNC should be around $1.84.
Kyber Network Crystal price prediction 2028
According to our analysis, KNC Crystal’s price for 2028 should range between $1.84 to $2.77, and the average price of KNC should be around $2.30.
Kyber Network Crystal price prediction 2029
According to our analysis, Kyber Network Crystal’s price for 2029 should range between $2.30 to $3.46, and the average price of KNC should be around $2.88.
Kyber Network Crystal price prediction 2030
According to our analysis, KNC Crystal’s price for 2030 should range between $2.88 to $4.32, and the average price of KNC should be around $3.60.
Kyber Network Crystal price prediction 2031
According to our analysis, Kyber Network Crystal’s price for 2031 should range between $3.60 to $5.40, and the average price of KNC should be around $4.50.
Kyber Network Crystal price prediction 2032
According to our analysis, KNC Crystal’s price for 2032 should range between $4.50 to $6.75, and the average price of KNC should be around $5.63.
Kyber Network Crystal price prediction 2033
According to our analysis, Kyber Network Crystal’s price for 2033 should range between $5.63 to $8.44, and the average price of KNC should be around $7.03.
Kyber Network Crystal price prediction 2034
According to our analysis, KNC Crystal’s price for 2034 should range between $7.03 to $10.55, and the average price of KNC should be around $8.79.
FAQs
How can I stake KNC tokens?
KNC holders can stake their tokens in the KyberDAO to participate in the governance of the Kyber Network and earn staking rewards. Staking can typically be done through the official Kyber Network platform, kyber.org.
Is Kyber Network decentralized?
Yes, Kyber Network operates in a decentralized manner. It utilizes blockchain technology and does not require users to sign up or provide personal information to access its services. Transactions on Kyber Network are on-chain, providing transparency and eliminating the need for a centralized intermediary.
What are the benefits of using Kyber Network?
Kyber Network offers several benefits, including deep liquidity pools, competitive swap rates, instant transactions, access to various chains, decentralized and permissionless operations, and the ability for developers to build on the network without worrying about liquidity.
How can I get involved in Kyber Network’s governance?
KNC holders can participate in Kyber Network’s governance by staking their tokens in the KyberDAO. Users can participate in decision-making processes and earn rewards in KNC by staking and voting on proposals.
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