KNC
KNC

Kyber Network price

$0.33800
-$0.00200
(-0.59%)
Price change for the last 24 hours
USDUSD
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Kyber Network market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$57.68M
Circulating supply
170,152,851 KNC
67.44% of
252,301,550 KNC
Market cap ranking
210
Audits
CertiK
Last audit: Sep 26, 2022
24h high
$0.34700
24h low
$0.33200
All-time high
$5.7800
-94.16% (-$5.4420)
Last updated: Apr 28, 2022
All-time low
$0.11260
+200.17% (+$0.22540)
Last updated: Jan 29, 2019

Kyber Network price performance in USD

The current price of Kyber Network is $0.33800. Over the last 24 hours, Kyber Network has decreased by -0.59%. It currently has a circulating supply of 170,152,851 KNC and a maximum supply of 252,301,550 KNC, giving it a fully diluted market cap of $57.68M. At present, the Kyber Network coin holds the 210 position in market cap rankings. The Kyber Network/USD price is updated in real-time.
Today
-$0.00200
-0.59%
7 days
-$0.05300
-13.56%
30 days
-$0.08260
-19.64%
3 months
-$0.21300
-38.66%

About Kyber Network (KNC)

2.9/5
TokenInsight
2.9
03/10/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Kyber Network (KNC) is a liquidity protocol built on the Ethereum network, enabling seamless token swaps. Through its API support, Kyber Network facilitates integrations with various decentralized applications (DApps), allowing users to trade and swap tokens directly from their wallets.

The protocol ensures secure and decentralized multi-chain liquidity, supporting the development of applications such as decentralized finance (DeFi) platforms and decentralized exchanges (DEXs). Kyber Network prioritizes speed and affordability to provide efficient and accessible token trading experiences.

What is Kyber Network?

Kyber Network is a liquidity aggregator and multi-hub network of liquidity protocols focusing on simplifying and increasing accessibility to DeFi. KNC, also known as Kyber Network Crystal, is the native token of the Kyber Network ecosystem. It serves multiple purposes within the network, including governance participation, rewards distribution, and fee payments.

The Kyber Network team

The Kyber Network team consists of various individuals, including Loi Luu, the Founder of Kyber Network; Thong Tran, a smart contract engineer; and Quoc-Cuong Tran, a DeFi researcher. The team includes other notable members contributing to the project's development and success. Additionally, Vitalik Buterin, the co-founder of Ethereum, has served as an advisor to the Kyber Network project, providing guidance and expertise.

How does Kyber Network work?

Kyber Network enables fast cryptocurrency trading by consolidating multiple liquidity providers and facilitating high-liquidity token swaps. Liquidity providers within the ecosystem get rewarded for providing liquidity. The nature of the rewards depends on the type of trade the liquidity provider supports. If the liquidity is meant to support ETH to USDT trades, the provider gets ETH rewards.

KyberSwap.com, a DEX, is the ecosystem’s most popular product. This platform helps you get the best rates for token swaps by checking through multiple decentralized exchanges. Besides sourcing liquidity from DEXs, Kyber Network also boasts the KyberDAO for proposal vetting, the Elastic Protocol for helping access customized liquidity pools, a developer platform, a dynamic market maker, and a “Discover” feature to identify trending tokens.

Kyber Network’s native token: KNC

KNC, or the Kyber Network Crystal, is the native ERC-20 important to the ecosystem. It functions as both a governance and utility token, offering staking capabilities. With a fixed supply cap of 223.36 million tokens, KNC holders can stake their tokens within the KyberDAO to participate in voting on specific proposals. Stakers receive ETH as reward for their participation.

KNC use cases

KNC tokens have multiple use cases within the Kyber Network ecosystem. In addition to their role as a governance token and support for staking within KyberDAO, KNC tokens contribute to network growth. They can integrate with DeFi platforms and provide KNC-related liquidy on centralized exchanges (CEXs) and DEXs.

One interesting use case of the KNC token is its role in the fee structure of Kyber Network. A small fee is paid whenever a specific token pair is traded using the network. These fees are used to buy back KNC tokens from the market. The purchased tokens are then burned, creating a deflationary effect on the token supply. The buyback and burning process is executed through smart contracts, ensuring a trustless and transparent mechanism.

KNC distribution

The initial distribution plan for KNC tokens is outlined as follows:

  • 34.48 percent of KNC tokens are designated for private sales and early project investors.
  • 26.54 percent were distributed through public sales.
  • 19.35 percent of the tokens are allocated to the team. All of these tokens are now unlocked.
  • 19.63 percent are reserved for Kyber Network's own reserves.

How unique is Kyber Network?

Kyber Network stands out as a liquidity network by successfully supporting over 100 projects since its inception. Its versatility is evident through its deployment on various blockchains, including Binance (BNB), Polygon (MATIC), Fantom (FTM), and more. This broad integration across multiple chains adds to Kyber Network's credibility, popularity, and adoption within the crypto community.

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Kyber Network FAQ

What is Kyber Network?

Kyber Network serves multiple purposes in the decentralized finance (DeFi) space. It acts as a DeFi aggregator, allowing users to access liquidity from various sources. Additionally, it functions as an on-chain network of liquidity protocols, facilitating the development of DeFi applications and decentralized exchanges (DEXs). With its capabilities, Kyber Network plays a crucial role in enabling seamless token swaps and supporting the growth of the DeFi ecosystem.

What are the benefits of Kyber Network?

The benefits of Kyber Network include fast token trades and swaps for individual traders through its popular DEX, KyberSwap.com. Additionally, vendors can leverage the ecosystem to build decentralised applications (DApps) and DeFi products, enabling access to abundant liquidity for users. 

Where can I buy KNC?

Easily buy KNC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include KNC/USDT.

You can also buy KNC with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for KNC with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into KNC, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is 1 Kyber Network worth today?
Currently, one Kyber Network is worth $0.33800. For answers and insight into Kyber Network's price action, you're in the right place. Explore the latest Kyber Network charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Kyber Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Kyber Network have been created as well.
Will the price of Kyber Network go up today?
Check out our Kyber Network price prediction page to forecast future prices and determine your price targets.

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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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