Kyber Network

(KNC) Price

$0.00 +0.00 (+0.00%)

Kyber Network (KNC) price

KNC - USD
  • KNC - USD (United States Dollar)
  • KNC - EUR (Euro)
  • KNC - GBP (British Pound Sterling)
  • KNC - RUB (Russian Ruble)
$0.00 +0.00 (+0.00%)
0.00000000 BTC (0.00%)
Real Time Data

Market cap

$37,605,167

0 KNC

Volume (24H)

$1,588,551

0 KNC

Day's range

$0.00 - $0.00

0.00000000 BTC - 0.00000000 BTC

Last trade

19.32965467 KNC

livecoin $6.20

Open price (24h)

$0.00

52 Weeks. Low - High

$0.04000 - $19.00

Supply

215,625,349 KNC

Max supply

226,000,000 KNC

Latest Closing Price

Open/Close in UTC time

Date Close Price Open price Volume (24H) Market Cap Day's range
Nov 09, 2018
$0.00
$0.4464
$2,728,102 0 KNC
$52,425,961
$0.00 $0.00 $0.00
Nov 10, 2018
$0.4371
$0.4353
$2,246,516 19 KNC
$52,873,098
$0.00 $0.4372 $0.4371
Nov 11, 2018
$0.00
$0.4371
$2,137,694 0 KNC
$51,653,613
$0.00 $0.4371 $0.00
Nov 12, 2018
$0.00
$0.4371
$2,379,676 0 KNC
$50,360,298
$0.00 $0.00 $0.00
Nov 13, 2018
$0.00
$0.4245
$2,019,556 0 KNC
$47,967,436
$0.00 $0.00 $0.00
Nov 14, 2018
$0.00
$0.4182
$2,296,906 0 KNC
$39,850,645
$0.00 $0.00 $0.00
Nov 15, 2018
$0.00
$0.4220
$2,157,305 0 KNC
$38,362,165
$0.00 $0.00 $0.00
More Historical Data

What is Kyber Network Crystal?

Kyber Network (KNC) is a decentralized exchange platform based on Ethereum that aims to offer instant liquidity and to enable instant on-chain transactions. The project has large number of followers, with its Slack group being the largest in the world with over 30 thousand members.

The Kyber Network platform focuses on the exchange and conversion of several types of digital assets. The project provides several API options for payments and a multi-signature wallet to allow users to receive funds independent of the token used. The platform offers a “derivative trading” layer with the aim of minimizing price fluctuations for users.

The infrastructure of the network allows for the Smart Contract mediated exchange of digital assets without the intervention of any kind of exchange or any other type of third party. In order to ensure instant liquidity for users, the Kyber Network enforces the usage of a “Token Reserve”. When a transaction is made on the network, the sale or purchase of reserve tokens takes place.

Kyber Network Roles and Features

In order to ensure the correct functioning of the token reserve, the Kyber Network has implemented three components or actors: The Reserve Operator, that is in charge of listing and delisting trading pairs; the Token Depositor, who provides required tokens to the reserve; and reserve executives who control the token reserve’s fill and exchange rates.

Kyber Network may act as its own First Executive for the coin reserve. Other technical characteristics of the platform include the capacity to handle between 10 and 20 transactions per second; the fact that transactions will be directly recorded on the Ethereum Blockchain; no confirmation times associated with transactions and an exchange protocol that only needs one transaction to be made per trade.

The Kyber Network initiative was founded by CEO Loi Luu, who was previously working on the solution to the “verifier’s dilemma” problem in projects such as Smart Pool, Oyente, and TrueBi. In the words of Luu, the Kyber Network is made to function as a “Decentralized ShapeShift”.

Kyber Network Crystal Tokens

The Kyber Network Crystal (KNC) is an ERC20 Smart Contract token required for reserves to be able to participate in the platform and used as a reward to the actors who help generate value through their activities on the platform. The maximum token supply is set to be of 215,625,349 KNC, with around 134,132,697 KNC being already in circulation.

Kyber Network Crystal tokens can be held using software and hardware wallets. Users will be paid for any trade introduced into the Kyber Network platform.

The Kyber Network project defends the “Know your Customer” policy, which demanded the Initial Coin Offering to be held in a series of several steps, that included the creation of a whitelist, from the massive Slack user base that was already registered as confirmed users of the platform. Users of the Telegram, WeChat, and Kakaotalk Kyber Network communities were also included in the list.

After the creation of the whitelist, approved users needed to register as buyers on the platform. The Token sale was held until September 2017. The Kyber Network team managed to reach their funding limit of 200 thousand ETH, worth $60 Million at the time of the Initial Coin Offering.

READ ALL
Type
Token
Block
Mineable
Since
Jun 30, 2017
Algorithm
N/A
Proof Type

Kyber Network News