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Kyber Network Crystal v2

Kyber Network Crystal v2 priceKNC

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Kyber Network Crystal v2 price calculator

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KNC
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1 KNC = 0.6058 USD
Last updated 2024-04-21 17:06:35(UTC-0)

Kyber Network Crystal v2 price live data summary

The live price of Kyber Network Crystal v2 is $0.6058 per (KNC / USD) today with a current market cap of $113.88M USD. The 24-hour trading volume is $14.20M USD. KNC to USD price is updated in real time. Kyber Network Crystal v2 is -2.33% in the last 24 hours. It has a circulating supply of 187,993,400 .

What is the highest price of KNC?

KNC has an all-time high (ATH) of $5.72, recorded on 2022-04-28.

What is the lowest price of KNC?

KNC has an all-time low (ATL) of $0.4455, recorded on 2023-06-10.

Kyber Network Crystal v2 price performance in USD

24h7d30d90d1yAll-time
-2.33%+6.15%-23.74%+2.36%-13.79%+37.56%

Kyber Network Crystal v2 price history in USD

TimeLowHigh
24h$0.6004$0.6321
7d$0.5361$0.6321
30d$0.4661$0.9449
90d$0.4661$1.14
1y$0.4455$1.14
All-time$0.4455(2023-06-10, 317 days ago )$5.72(2022-04-28, 1 years ago )

Kyber Network Crystal v2 market information

Market cap
$113,883,134.48
-2.33%
Fully diluted market cap
$152,839,882.36
-2.33%
Volume (24h)
$14,197,895.5
+8.99%
Market rankings
Circulation rate
+78.00%
24h volume / market cap
0.1246
Circulating supply
187,993,400 KNC
Total supply / Max supply
238,766,922.39 KNC
252,301,550 KNC

Kyber Network Crystal v2 ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About Kyber Network Crystal v2(KNC)

What Is Kyber Network?

Kyber Network is a decentralized, blockchain-based protocol designed to aggregate liquidity and facilitate the seamless exchange of tokens without an intermediary. It is built on Ethereum and can be integrated into decentralized applications (dApps), crypto wallets, and decentralized finance (DeFi) platforms. Founded by Loi Luu and Victor Tran, Kyber Network aims to make DeFi trading more efficient and cost-effective, providing critical liquidity to the DeFi ecosystem. It supports token swaps for hundreds of dApps and crypto wallets, allowing users to execute instant token swaps and ensuring healthy, functional, user-friendly markets.

Kyber Network powers KyberSwap, a decentralized exchange (DEX) that enables users to trade tokens and earn rewards by providing liquidity. KyberSwap is a multi-chain DEX, supporting transactions on various networks including Ethereum, Polygon, BNB, Avalanche and more. It aggregates liquidity from over 67 DEXs across its supported networks, aiming to solve the liquidity challenges encountered by many DeFi traders while maximizing rewards for liquidity providers.

Resources

Official Documents: https://docs.kyberswap.com/

Official Website: https://kyber.network/

How Does Kyber Network Work?

Kyber Network operates through a set of smart contracts that can be implemented on any smart contract-capable blockchain, although it is primarily implemented on Ethereum. It aggregates liquidity from various reserves, including token holders, market makers, and decentralized exchanges, into a single liquidity pool on its network. This aggregated liquidity enables decentralized applications (dApps), vendors, and crypto wallets to execute instant token swaps without the use of a trusted third party, and all trades are instantly settled on the blockchain.

KyberSwap, the flagship product of Kyber Network, operates through two main protocols: Classic and Elastic. The Classic protocol features a Dynamic Market Maker (DMM) that adjusts liquidity provider fees based on market conditions, and a programmable price curve called Amplification (AMP) that allows liquidity pools to mimic higher levels of liquidity without requiring more tokens. The Elastic protocol offers concentrated liquidity, auto-compoundability, multiple fee tiers, and Just In Time (JIT) Protection to help liquidity providers maximize their earnings safely and securely.

What Is KNC Token?

Kyber Network Crystal v2 (KNC) is the native token of Kyber Network, operating on a proof-of-stake (PoS) consensus mechanism. KNC holders can participate in the governance of Kyber Network through KyberDAO by staking their tokens or delegating their vote to a third-party platform. They can vote on the network's fee model, rebates for reserves, and other proposals, and also earn staking rewards denominated in ether. KNC is a deflationary staking token, meaning its supply will decrease over time, and it is anticipated to be implemented on other blockchains in the future.

Kyber Network's Impact on Finance

Kyber Network is at the forefront of revolutionizing the financial landscape by providing decentralized solutions to DeFi’s liquidity challenges. It offers an on-chain, decentralized alternative to traditional exchanges, allowing users to buy and sell crypto assets without relying on a single company or intermediary. By aggregating liquidity and enabling the exchange of tokens seamlessly, Kyber Network is fostering the ethos of decentralization in financial markets, allowing any token of value to be used anywhere for swaps, payment services, and other newly developed financial products. Its innovations are paving the way for a more inclusive and interoperable financial ecosystem, where users have complete control over their assets and transactions.

What Determines Kyber Network's Price?

The price of Kyber Network’s native token, KNC, like any other cryptocurrency, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. One of the primary determinants of Kyber Network price is market supply and demand, driven by cryptocurrency enthusiasts and the crypto community at large. When more users seek to buy KNC, especially on leading exchanges such as Bitget, the price tends to rise, and conversely, when more users are selling, the price tends to fall. Cryptocurrency news, trends, and events also play a crucial role, as they can significantly impact the perception and sentiment among cryptocurrency experts, influencers, and beginners, thereby affecting the buying and selling pressure in the market.

Another pivotal factor determining the cryptocurrency price of Kyber Network is its utility and adoption within the blockchain and DeFi ecosystems. The more integrated and utilized the Kyber Network becomes, the higher the demand for the KNC token, potentially leading to a price increase. Additionally, the overall state of the cryptocurrency market, including market volatility, cryptocurrency regulation, and crypto market analysis, can impact the price of KNC. For instance, positive cryptocurrency trends and favorable regulations can foster increased investment and drive prices up, while adverse market conditions, security risks, and stringent regulations can lead to decreased demand and lower prices. Prospective investors often rely on cryptocurrency charts, analysis, and price predictions to gauge whether KNC is a good investment, especially for 2023 and beyond.

How to buy Kyber Network Crystal v2 (KNC)

Buying Kyber Network Crystal v2 on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Kyber Network Crystal v2 (KNC) .

Trade KNC perpetual futures

After having successfully signed up on Bitget and purchased USDT or KNC tokens, you can start trading derivatives, including KNC futures and margin trading to increase your income.

The current price of KNC is $0.6058, with a 24h price change of -2.33%. Traders can profit by either going long or short onKNC futures.

Join KNC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or KNC tokens, you can also start copy trading by following elite traders.

Kyber Network Crystal v2 news

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People are also inquiring about the price of Kyber Network Crystal v2.

What is the current price of Kyber Network Crystal v2?

We update our Kyber Network Crystal v2 to USD price in real time. Get the live Price of Kyber Network Crystal v2 on Bitget.

What is the 24 hour trading volume of Kyber Network Crystal v2?

Over the last 24 hours, the trading volume of Kyber Network Crystal v2 is $14.20M.

What is the all-time high of Kyber Network Crystal v2?

The all-time high of Kyber Network Crystal v2 is $5.72. This all-time high is highest price for Kyber Network Crystal v2 since it was launched.

Can I buy Kyber Network Crystal v2 on Bitget?

Yes, Kyber Network Crystal v2 is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Kyber Network guide.

Can I get a steady income from investing in Kyber Network Crystal v2?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Kyber Network Crystal v2 with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is use case of Kyber Network Crystal v2?

Kyber Network is a liquidity protocol that aggregates liquidity from various sources to provide secure and instant transactions for decentralized applications (DApps). It aims to offer easy access to deep liquidity pools and the best rates for DeFi DApps and users. KyberSwap.com, its main DEX aggregator and liquidity platform, sources liquidity from multiple DEXes across various chains, ensuring the best swap rates for traders. KyberSwap is decentralized, permissionless, and supports over 13 chains, making it a versatile and user-friendly platform. Kyber Network Crystal (KNC) is the platform's utility and governance token, allowing token holders to stake, govern the platform, and earn rewards from trading fees. Kyber Network addresses liquidity challenges in the DeFi industry, enabling developers to build products and services without liquidity concerns. Notable investors in KNC include #Hashed, Signum Capital, ParaFi Capital, and HyperChain Capital.

Can you earn rewards with Kyber Network Crystal v2?

Certainly, individuals involved in the Kyber Network Crystal v2 ecosystem have the opportunity to earn rewards through actions like supplying liquidity or staking KNC tokens. These reward mechanisms encourage and promote active engagement, contributing to the network's expansion.

How many Kyber Network Crystal v2 coins (KNC) are there in circulation?

As of October 2022, Kyber Network has a total supply of 223.36 million KNC tokens, with over 160 million tokens currently in circulation. The KNC token's supply is dynamic, subject to governance votes within KyberDAO, allowing adjustments to promote innovation, liquidity, and reward early KyberSwap adopters. Kyber concluded its ICO in September 2017, raising $52 million by selling tokens at a price of 0.00166 ETH, with the token distribution including portions for ICO participants, founders, advisors, seed investors, and the company.

Is Kyber Network Crystal v2 safe?

KNC is an ERC-20 token secured by the Ethereum blockchain, and Kyber Network employs a robust trust and security model at both protocol and smart contract levels. To ensure security, KyberSwap, KyberDAO, and KNC have undergone audits by reputable third-party firms like Chainsecurity and Hacken, confirming their overall security and reliability.

What makes Kyber Network Crystal v2 unique?

Kyber Network operates KyberSwap.com, a multi-chain DEX aggregator and liquidity platform that offers traders access to the best prices across various blockchains. Liquidity providers can earn fees with optimal capital efficiency and returns. In 2021, KyberSwap introduced the world's first dynamic market maker (DMM) protocol, enhancing liquidity provider earnings. In 2022, they launched the Elastic protocol with concentrated liquidity pools, customizable price ranges, and anti-sniping features, further benefiting liquidity providers. Developers find KyberSwap developer-friendly, allowing easy integration with other DeFi protocols and applications. Their flexibility supports rapid innovation and integration to cater to diverse liquidity needs. KyberSwap's 'Discover' feature uses AI and on-chain metrics to help traders make informed decisions. The Kyber ecosystem involves KNC token holders in governance through KyberDAO, featuring a robust community of developers and DeFi enthusiasts.

Who founded Kyber Network Crystal v2?

Kyber Network, founded in 2017, is an Ethereum-based project headquartered in Singapore with a strong presence in Vietnam. Its founders include Loi Luu, Victor Tran, and Yaron Velner, with advisory support from Vitalik Buterin. Victor Tran serves as the current CEO, bringing his expertise as an experienced backend engineer. Loi Luu, the Chairman of Kyber Group, is a prominent blockchain researcher known for developing Oyente, the first open-source security analyzer for Ethereum smart contracts. Yaron Velner, who was previously the CTO, is now the CEO of B.Protocol and continues to advise the project. The Kyber team consists of professionals from various fields, totaling over 50 employees globally, covering engineering, product, marketing, strategy, and business development. Kyber Network aims to provide liquidity solutions and seamless transactions within the decentralized ecosystem.
Cryptocurrency investments, including buying Kyber Network Crystal v2 online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Kyber Network Crystal v2, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Kyber Network Crystal v2 purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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KNC is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support KNC trades.
You can trade KNC on Bitget.

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