Kyber Network

Live knc/INR Price

127greenIcon-5.77

Price Changes

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Kyber Network ()

127

greenIcon-5.77

Price Changes

-1

greenIcon

24h Low

24h High

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.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.