Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Wallet
buy KNC

How can KNC be used in Klever Wallet

Kyber Network is a decentralized platform that gathers liquidity from various sources to any developer working on decentralized applications

by Jagdish Kumar
June 29, 2022
in Global, Wallet
Reading Time: 4 mins read
3.2k
A A
0
Share on FacebookShare on Twitter

At a time when the crypto projects mainly depended on liquidity, Kyber Network (KNC) came to the rescue with its unique proposition of offering liquidity to decentralized finance (DeFi) and decentralized applications (DApps).

Built on the Ethereum blockchain, Kyber Network is a decentralized way to exchange tokens or any tokens built on the Ethereum network instantly, and that too without any registration. 

You might also like

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
7.4k
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
7.4k

Besides providing liquidity, it also offers good rates. In addition, any Ethereum explorer can easily verify its transactions.

The Kyber Network Crystal (KNC) is a cryptocurrency of Kyber Network that is used to pay for key operations outside of this exchange, including voting on updates to the software’s rules.

The company says that its vision is to become the liquidity hub for the decentralized economy, where any user or application can easily access the required tokens for their liquidity needs. 

It is also working on building protocols that support convenient and secure value exchange in decentralized finance, NFT markets, and beyond, according to the company website. 

So far, Kyber Network has been used by many projects around the world for their liquidity needs. Any developer building innovative DeFi applications on Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and others can use Kyber.

Kyber Network is an open-source platform that is governed by the KyberDAO, a decentralized community of KNC token holders who stake their tokens and collectively vote and decide on key network parameters.

Who founded KNC?

In 2017, Loi Luu, Victor Tran, Yaron Velner founded Kyber Network and it went live on the Ethereum network in February 2018.

Loi Luu is a blockchain researcher and developed Oyente, the first open-source security analyzer for Ethereum smart contracts, whereas Victor Tran is a senior backend engineer and Linux system administrator. 

On the other hand, Yaron Velner, a postdoctoral researcher stepped down CTO position at Kyber in October 2019 but remains as an advisor. He is currently CEO of B.Protocol, a decentralized backstop liquidity protocol. 

What makes the Kyber Network unique?

Kyber Network is the first platform that allows any developer to instantly swap tokens without the need of a third party, like a centralized exchange. 

This unique feature of KNC is very developer-friendly and enables various protocols to be integrated into applications and other blockchain-based protocols.

As Defi has many use cases and possibilities, there is no single protocol that fits the need of all liquidity providers and other participants. The liquidity hub of KNC helps developers and KNC teams rapidly integrate new protocols on the KNC platform to expand its reach to provide liquidity.

In order to take this forward, KNC launched Kyber DMM, the world’s first dynamic market maker protocol, that provided stablecoins liquidity pairs which have very low variability in the price range (like USDC/USDT).

The next generation DMM is designed to react to real-time market conditions, optimize fees, maximize earnings, and enable extremely high capital efficiency for liquidity providers. 

Market capitalization

As of 18 June 2022, KNC has a market capitalization of over $237 million with 24 hours trading volume of over $37 million. KNC was trading at $1.34 on crypto exchanges with an overall circulation of 177 million. The company has yet not declared its maximum KNC token supply, but its total supply is 177 million, according to CoinMarketCap.com.

KNC on Klever Wallet 

Klever Wallet offers a state-of-the-art crypto trading platform that allows users to buy, sell and stake their crypto assets. Klever Wallet also allows users to earn passive income from the crypto-assets in their wallets. 

At Klever, users can swap their KNC with over 300 plus other crypto-assets and also buy other tokens directly with their debit/credit cards or even using the bank’s wire service. 

Users can send and receive KNC tokens in their Klever wallet, they can also check charges that they will incur for buying or selling their tokens. 

With KNC certified by several third-party security firms and researchers as a secured protocol-free from any vulnerabilities, Kyber Network has become an important crypto asset now. This offers the holders another reason to hold KNC in their portfolio and increase it further, as it can be a good digital asset to hold for the future. 

Advertisement Advertisement
Previous Post

ICT sector contributed 16% to Nigeria’s GDP in Q1 2022- NBS

Next Post

South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

Jagdish Kumar

Jagdish Kumar

Reporting & writing on crypto & blockchain for the past few years. A content eagle, journalist & writer with a passion to explore new technologies that can change human lives. Joined Klever to make Crypto simple. Follow me on Twitter @TokenBharat or email me at jagdish@klever.io

Related Stories

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

by Klever
February 22, 2023
0
7.4k

We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the...

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

by Isabela Bellumat
February 14, 2023
0
7.4k

With so many options available, it can be difficult to determine which wallet is the best choice for your digital...

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Next Post
South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

South African Brothers allegedly stole $3.6B worth Of Bitcoin from “Africrypt” investors

Rollout Phases of Klever Blockchain Features

Rollout Phases of Klever Blockchain Features

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8359 shares
    Share 3344 Tweet 2090
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7031 shares
    Share 2812 Tweet 1758
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5359 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5072 shares
    Share 2029 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version