Kyber Network (KNC) Review, Price, Market Cap and more | Coinopsy

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Kyber Network (KNC) - Swap Token

Kyber Network is an on-chain liquidity protocol that empowers users to swap tokens in various applications. Developers using the network have more monetization options as they can
Kyber Network's current price is $0.197 USD. In the past 24 hours, Kyber Network's price has increased by +2.2 percents..
Name (Ticker)
Kyber Network (KNC)
Price (USD)
$0.19736798166
Rank
32
Active Supply
167.9 million
Total Supply
213.1 million
Volume(24H)
37.9 million
Market cap
33.1 million
Fun Name
Swap Token
Website Links
Social Links
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Kyber Network (KNC) Chart

Pros of Kyber Network (KNC)

  • Open source
  • Lots of exchanges

Cons of Kyber Network (KNC)

  • No direct backing (asset, profits, commodity)

Kyber Network (KNC) Review | Coinopsy

Kyber Network is an on-chain liquidity protocol that empowers users to swap tokens in various applications. Developers using the network have more monetization options as they can accept payments from several networks seamlessly.

The users, in turn, can pay for digital solutions, products, and services in any asset they own without leaving an app or overspending on exchange commissions.

Even the tokens themselves “win” from being contributed to the network as it facilitates liquidity via an open reserve-based architecture. What this means is that you can contribute your idle tokens into the general pool. They then become available and useful across a plethora of networks and applications. Or, in simpler words, you tokens become more useful (and more valuable).

  • Platform Features
  • Decentralized liquidity
  • The team
  • Platform-agnostic: The network works well with any and all apps, dapps, and protocols. Kyber does not limit developers in their strive for innovation.
  • Instantaneous settlements: The network is designed with real-world commerce in mind. It provides both the merchants and the buyers with the tools for instant asset exchange.
  • Simple integration: Kyber is developer-friendly. It is available to anyone willing to create and monetize an e-commerce platform or app.

Kyber states that their team is committed to continuously adding more diversity and scalability into their network. This means that any user willing to contribute an asset of any kind to the liquidity pool is 100% free to do so.

In theory, this should increase assets in value as they rise in demand. In practice, however, many people may use this to artificially boost their assets. This, in turn, may lead to people only submitting the tokens they don’t originally find enough value in.

Surely this is an unlikely scenario because you can make more by adding to an already valuable token but we believe that a smart investor should never underestimate the potential risks or “human factor” ruining an otherwise amazing system.

Thus we suggest you taking Kyber’s liquidity pool with a pinch of salt. At least on the research stage.

Kyber is proud with an impressive pool composed of talented people like their CEO Loi Luu, CTO Yaron Velner, and their CFO Victor Tran.

Add key industry players like Wong Lee Hong. Prateek Saxena, and Leng Hoe Lon into the mix and you’ll know that Kyber simply can’t be headed in the wrong direction.

Kyber Network (KNC) Conclusion

Kyber is open source. It can be easily integrated into a wide variety of digital solutions from decentralized applications to e-commerce CMS plugins like Woo Commerce. This, combined with the fact that the developers are offered with an efficient tool that accepts all kinds of tokens their users may be holding skyrockets the number of potential use cases for the network.

In simpler words, Kyber is simple and convenient enough to be massively adopted by the ever-growing crypto developer community.

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