Kyber Network Crystal v2

What is KNC and how Does It Work?

Kyber Network has provided a solution to the liquidity challenge in the decentralized finance (DeFi) sector by facilitating developers to develop products and services. The protocol launched Kyber Dynamic Market-Making (DMM), a platform, in response to market parameters. This platform aims to fine-tune fees, encourage capital efficiency for liquidity providers, and maintain secure pairs with low price variability and pools with high amplification factors. As a result, it aims to minimize slippage and optimize the capital of liquidity providers. In this structure, the Kyber Network has set up a liquidity hub, inviting its team and additional developers to integrate new protocols and address diverse liquidity requirements.

The ecosystem's utility token, Kyber Network Crystal (KNC), plays an instrumental role as a medium that gathers varied stakeholders in the Kyber ecosystem. Holding KNC tokens allows staking within the KyberDAO, granting governance rights, and hence an opportunity to influence critical proposals. Kyber Network, being a token on the Ethereum Blockchain, employs a distinctive model to ensure the safety of traders. The main thrust of the Kyber Network is to facilitate easy access to liquidity pools and offer competitive swap rates for DeFi DApps and decentralized exchanges (DEXs), making token swaps convenient.

The design of the Kyber chain underscores clarity and verifiability, providing a means to verify all transactions on the chain on the Ethereum block explorer. KNC token holders perform a vital role in Kyber's ecosystem governance. They actively participate in administrative tasks through the KyberDAO and can vote on crucial proposals. The Kyber community, consisting of a varied group of developers and DeFi industry members, highlights the continuously increasing interest and engagement in the Network.

How to Buy and Store KNC?

To purchase KNC, Flooz.xyz offers a streamlined process. Traders can purchase the KNC token directly on Flooz.xyz, without the need to own a wallet. With our one-stop solution, you can tap, tap, go! All payment methods are supported, ensuring a smooth checkout experience.

Using Flooz self-custodial web wallet, you can seamlessly store, send, and receive KNC tokens. Creating a self-custodial wallet on Flooz is quick and easy, requiring only your email, Google, or Apple ID. This ensures that you have access to your funds at all times, thanks to the power of cryptography.

In addition, Flooz.xyz aggregates more than 50+ providers to ensure you have the fastest and cheapest payment routes for your KNC trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. So, get started today and enjoy the convenience and security of buying KNC on Flooz.xyz.

KNC Metrics:

• Current price: $0.5551

• Market cap: $94.46 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $1.04 k