Before Buying Kyber Network, WATCH THIS ! KNC Token 2023 Target Price Prediction

Kyber Network Crystal (KNC) is the governance token for the Kyber Network. KNC is important for the economics of the Kyber protocol and as an incentive system for stakeholders.

Kyber Network is a decentralized exchange that provides on-chain liquidity that is aggregated through a dynamic reserve pool, containing all of the reserve entities in the system. This enables value exchange between different ERC20 tokens. By having multiple entities in the pool prevents monopolization and keeps exchange rates competitive.

Financial apps and payment flows with instant token swap services can be developed on top of the Kyber Network. The vision is to have a world where any token is usable anywhere and Kyber protocol wants to be the single on-chain liquidity endpoint for takers and makers.

Takers are users, wallets, exchanges or dApps that require the function of token swaps.

Makers or Reserves are liquidity providers who supply tokens for trading. Currently there are 3 reserve models available in the Kyber Network: (1) Fed Price Reserve (FPR), (2) Automated Price Reserve (APR), (3) Bridge Reserve.

When a taker requests a trade, the protocol will search the entire network to find the reserve with the best price and take liquidity from that particular reserve.

Maintainers are a governance body that determines which reserves get added into the Kyber Protocol and ensure that reserves adhere to its guidelines.

Loi Luu and Victor Tran are the founders of Kyber Network. Luu previously created Oyente, the first open-source security analyzer for Ethereum contracts, and co-founded SmartPool, a decentralized mining pool project. Tran is also a lead developer at SmartPool. The Kyber Network team has an advisory board with the most notable member being Vitalik Buterin, the creator of Ethereum.

To prevent bad actors in the reserve pool, Kyber Network will flag any exchange rate that is greatly outside the norm, for special approval. To protect funds in a public reserve, Kyber makes all exchanges using them available through a transparent fund management model.

source: ➡️ https://www.coingecko.com/en/coins/kyber-network
source: ➡️ https://kyber.network/

***********************************************************************

? FINANCIALS
Total Market Capitalisation: $ 445M
24 Hour Trading Volume: $ 336M
Circulating Supply: 204M
Total Supply: 226M
Market Cap / Total Value Locked: 132

***********************************************************************

? TIMESTAMPS
Intro 00:00
Chart 00:14
Financials 00:38
What Is Kyber Network 00:54
Reserves 02:04
Kyber Network Crystal 02:49
Staking Rewards 03:53
Use Cases 04:01
Price Prediction 04:30
News 04:56
Support The Channel 05:07

***********************************************************************

? MORE GREAT CONTENT
↓ ↓ ↓
⭐️ POPULAR UPLOADS ➡️ https://youtube.com/playlist?list=PLd6NxEn65xylLJ8vpEWf86DgX73Efbcqp

⭐️ CRYPTO UPLOADS ➡️ https://youtube.com/playlist?list=PLd6NxEn65xylojLXa6JSkPK2ca_E4nLR4

***********************************************************************

? SOCIALS
↓ ↓ ↓

⭐️ TWITTER ➡️ https://twitter.com/RealTopDollar

⭐️ DISCORD ➡️ Coming soon – at the 1k SUBSCRIBER milestone!

⭐️ SUBSCRIBE to join a community of crypto investors! ➡️ https://www.youtube.com/channel/UCV5QzEn6oucU4pvXVAOyzcA?sub_confirmation=1

***********************************************************************

DISCLAIMER:
I am not a financial adviser and my opinions are entirely my own. One should evaluate their options and inform themselves prior to investing in any market, and should only invest after discussion with their financial adviser. I am not a financial adviser and my statements should not be taken as financial advice.

Before Buying Kyber Network, WATCH THIS ! KNC Token 2023 Target Price Prediction

Related Post:

About The Author

Kane Dane