Kyber Network Crystal v2 (KNC)

Kyber Network Crystal v2 is currently trading at $0.59, after a price change of 4.13% in the last 24 hours.

Ranked as cryptocurrency #183 by capitalization today, KNC market cap is valued at $97,518,999. KNC trading volume reached $20,735,371 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on KNC coin price prediction page.

What is Kyber Network Crystal?

Kyber Network is a liquidity aggregator protocol built on Ethereum. The platform enables users to swap tokens in real-time without counterparties. Kyber Network operates in the dynamic pricing curves customized to each asset pair in a liquidity pool and flexible fee model that adjust automatically based on the market state. 

Dynamic Automated Market Making enables the network to address the challenges of impermanent losses, front-running DeFi, and cuts on capital requirements. The model ascertains the price stability across asset pairs using ratio, amplitude, and standard deviation. Amplitude is ideal in the assessment of impermanent loss and price volatility. The standard deviation shows the extent to which the relative prices shift. Low amplitude and variance signify effectiveness and minimum impermanent loss.

KNC is the native token of Kyber Network Crystal. There are 177,809,349.53 KNC tokens from a total supply of 177,809,350. KNC can be staked with KyberDAO to participate in the project’s governance, vote on the network development agenda, and receive yields in Ethereum from the trading charges.

Kyber Network was unveiled in 2017, and the founding team includes Loi Luu, Yaron Velner, Victor Tran, all of them based in Singapore.