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Reasons to Buy Kyber Network

• – The value of KNC could possibly increase as the tokens are buried from time to time.
• – It is built on Ethereum and is an ERC-20 token.
• – It allows for Peer to Peer (P2P) transactions.
• – It has a market capitalization of more than $200 million.
• – It has a maximum supply of 226 million coins.

Kyber Network was launched in 2017 with the aim of raising 200,000 ETH in its Initial coin Offering (ICO).

It started with a vision of building a decentralized protocol that will help in facilitating the easy conversion of assets. Kyber Network is an open-source, decentralized protocol for instant exchange and conversion of cryptocurrencies. It takes away all the hassles of sending a particular token to anyone, as the user can now decide which token he/she wishes to receive. KNC is the utility token of the Kyber network.

Things to consider before buying Kyber Network

• – Its token KNC is required by the reserve managers to participate in the Kyber Network.
• – KNC is used as a medium of payment as well as to pay the transaction fees on the Kyber Network.
• – Its token could be staked on KyberDAO to vote on important proposals and help in governance.

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