Kyber Network is an Ethereum-based protocol that provides the “instant exchange and conversion of digital assets and cryptocurrencies with high liquidity.”
What Is Kyber Network (KNC)?
Kyber Network is a blockchain platform that allows people to make instant and secure exchanges and conversions of digital assets. It offers an immediate paying exchange, facilitates proxy payments, cross-chain trading and provides hedging of assets to protect it from market fluctuations. It is compatible with most existing smart contracts and allows instant trading.
Kyber Network (KNC): History
The plan of the Kyber Network creation came to the chief director of the design, Loi Luu, during his work on the puzzle of the “verifier’s dilemma” in such projects as TrueBi and Smart Pool, and Oyent. In some interviews, Luu calls his project the “decentralized version of ShapeShift.” From 15 September 2017, it began the sale of tokens. On September 27, 2017, it made the Sale of KNC on the Binance exchange. As of September 2017, it has one of three largest ICOs of 2017.
How Does Kyber Network (KNC) Work?
In addition to being an exchange, Kyber network acts as a token transfer medium that automatically exchanges the token during the transfer. It uses its token named Kyber Network Crystal to pay for every transaction or exchange. It uses a dynamic reserve pool to maintain liquidity in the network. It flags every exchange rate that is significantly out of the norm for individual approval.
How To Buy Kyber Network (KNC)?
Buying Kyber Network is a two-step process. First, head over to Coinbase and purchase Bitcoin or Etherium which accepts debit or credit card. If Coinbase is not accessible in your jurisdiction, view our list of markets that sell BTC or ETH for Government issued money. Next, transfer your newly purchased BTC or ETH from your Coinbase wallet to one of the exchanges like Binance/ Gate.io/ Cryptopia. The best place to save your coins is MyEther Wallet/ Ledger Wallet/ Trezor.
Kyber Network (KNC) Price Prediction 2018
KNC can be a profitable investment option. Kyber Network price equal to 1.368 USD at 2018-03-26. If you buy Kyber Network for 100 dollars today, you will get a total of 73.096 KNC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-03-24 is 13.472 US Dollars. With a 5-year investment, the revenue is expected to be around +884.71%. Your current $100 investment may be up to $984.71 in 2022. KNC price today is $1.368 and have the market cap value $183,835,568. The current supply is 134,132,697 KNC and the volume is $7,326,570.