KNC

Kyber Network price

KNC
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2.9/5
TokenInsight
2.9
03/10/2023
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USD
USD
$0.56800
+1.79%
1h
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Kyber Network price live data

The current price of Kyber Network is $0.56800. Since 00:00 UTC, Kyber Network has increased by +1.79%. 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 $96.77M. At present, Kyber Network holds the 190 position in market cap rankings. The Kyber Network/USD price is updated in real-time.

Kyber Network price performance in USD

Time periodChange amount%Chg
Today$0.0100000 +1.79%
7 days$0.063300 +12.54%
30 days-$0.02660 -4.48%
3 months-$0.00850 -1.48%

Kyber Network market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.55000
Last price $0.56800
24h high$0.56800
Heat index ranking
246
Market cap ranking
190
Market cap
$96.77M
Favorited rate
Percentage of users who favorited this asset to all users
1.37%
All-time high
$5.7800
-90.18% (-$5.2120)
Apr 28, 2022 (2 years ago)
All-time low
$0.11260
+404.44% ($0.45540)
Jan 29, 2019 (5 years ago)
ICO date
09/15/2017
ICO price
The price at which this crypto was first traded
$0.50000
Circulating supply
The amount of this crypto that is publicly available in the market
170,152,851 KNC
Market cap at circulating supply
Market cap = Circulating supply × Last price
$143.48M

About Kyber Network (KNC)

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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KNC 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 Kyber Network worth today?
Currently, one Kyber Network is worth $0.56800. 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.
KNC calculator
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1 KNC ≈ $0.56800
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