Kyber Network is the decentralised finance (DeFi) industry’s liquidity infrastructure. Kyber acts as a liquidity hub, connecting liquidity from various sources to give the best prices for takers such as DApps, Wallets, DEXs, Aggregators, and consumers.
Kyber transactions are entirely on-chain, making them wholly transparent and verifiable.
Loi Luu, Victor Tran, and Yaron Velner launched Kyber Network in 2017.
Investors should keep in mind that network fees paid in KNC will be burnt over time, thereby reducing the cryptocurrency’s supply. Thus, while the initial supply was slightly more than 215 million KNC, this may progressively decline, thereby increasing the value of KNC.
Here are some uses of the KNC:
Kyber raised 200,000 ETH (about $50 million) in 2017 through an initial coin offering (ICO) of its KNC cryptocurrency. A total of 226 million KNC were generated during the auction. The majority of these were sold to purchasers and investors.
Investors may choose to invest in KNC and add it to their portfolios if they believe in the future role of decentralised exchanges in increasing and broadening access to crypto assets.
You can buy KNC tokens on various cryptocurrency exchanges such as CoinSwitch Kuber.
Kyber’s most fundamental function is to enable immediate token exchange without requiring users to create an account.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.
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.
Highlight: Kyber Network is the decentralised finance (DeFi) industry’s liquidity infrastructure. It acts as a liquidity hub, connecting liquidity from various sources to give the best prices for takers such as DApps, Wallets, DEXs, Aggregators, and consumers.
16 Cr. KNC
68% Buy 32% Sell
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