$0.12433891

Kyber Network is a blockchain-based platform focused on building liquidity infrastructure for decentralized finance. Designed to be multi-chain compatible, it works as an integrated trading and liquidity hub. The project aims to support smooth cross-border and cross-chain transfers of value. Notable aspects include no trade limits, no need for sign-up, and no third-party intermediary.

Kyber Network Crystal (KNC) is the native cryptocurrency of the platform. It has a total supply of 

What are Kyber Network Crystal’s key features and how does it work?

At its core, Kyber Network functions as a liquidity-providing platform. By pooling liquidity from multiple protocols, it can offer competitive token pricing. In addition, its on-chain capabilities make it straightforward for decentralized applications to connect to the Kyber protocol and reach its deep liquidity pools. Anyone can add liquidity to Kyber’s pools and receive a share of the fees, giving liquidity providers, market makers, and traders a way to benefit from the system.

Kyber Network also includes the KyberSwap trading platform, the KyberDAO, and the KNC token itself. With KyberSwap, users can trade, buy, swap, and sell tokens.

Kyber Network strongly prioritizes decentralized governance and, as mentioned earlier, has established its own DAO, the KyberDAO. The DAO runs on a dedicated platform where KNC token holders can get involved in governance across the Kyber ecosystem. This covers 

What can KNC be used for?

The native KNC token is central to how Kyber Network operates. Specifically, it serves as both a utility and governance asset. KNC holders and stakers can participate in platform governance and vote on changes or updates, including protocol upgrades and KNC minting or burning-related mechanisms. Governance is managed through the KyberDAO, and participants can also receive rewards funded by trading fees from protocols operating within the network. 

Where can you buy KNC?

KNC can be traded on the CEXs and DEXs shown here. Among the most popular options-typically with the most liquidity-are Binance, OKX, CoinBase Pro, FTX Spot, OKX, and Huobi Global. KNC’s price will differ by exchange and by broader market conditions. For current and historical market pricing, check the KNC price charts on this page.