Kyber Network Crystal Legacy (KNCL) price has declined today.
The price of Kyber Network Crystal Legacy (KNCL) is $0.662775 today with a 24-hour trading volume of $40,281.97. This represents a -1.90% price decline in the last 24 hours and a -7.90% price decline in the past 7 days. With a circulating supply of 21 Million KNCL, Kyber Network Crystal Legacy is valued at a market cap of $14,208,588.
What is KNC?
KNC stands for Kyber Network Crystal and it is the governance token for the Kyber Network. KNC plays a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the Kyber protocol.
What is Kyber Network?
Kyber Network is a decentralized exchange that provides on-chain liquidity that is applicable to any application, enabling value exchange to be performed seamlessly between different ERC20 tokens.
Kyber Network aggregates and maintains on-chain liquidity through a dynamic reserve pool whereby this pool contains all of the reserve entities in the system. Having multiple entities in the pool prevents monopolization and keeps exchange rates competitive.
Who founded Kyber Network?
Kyber Network successfully launched their testnet beta in August 2017. The founders of Kyber Network are Loi Luu and Victor Tran. Luu previously created Oyente, the first open-source security analyzer for Ethereum contracts, and co-founded SmartPool, a decentralized mining pool project. Tran is also a lead developer at SmartPool. The Kyber Network team has a well-rounded advisory board with the most notable member being Vitalik Buterin, the creator of Ethereum.
What problem does Kyber Network solve?
Developers can build payment flows and financial apps, including instant token swap services, ERC-20 payments, and innovative financial dApps - helping to build a world where any token is usable anywhere. Kyber’s vision is to be the single on-chain liquidity endpoint for takers and makers.
How does Kyber Network work?
Takers - Takers can be any users, wallets, exchanges or dApps that require the function of token swaps.
Maintainers - A governance body that determines which reserves get added into the Kyber Protocol and ensure that reserves adhere to its guidelines.
Reserves - Liquidity providers that supply tokens which are available for trading. Currently there are 4 reserve models available in the Kyber Network which includes Fed Price Reserve (FPR), Automated Price Reserve (APR), Bridge Reserve and a customizable option.
When a taker requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.
How does Kyber manage its risk?
To prevent bad actors in the reserve pool, Kyber Network has a few safeguards. The network will flag any exchange rate for special approval that is greatly outside the norm. To protect funds in a public reserve, Kyber makes all exchanges using them available through a transparent fund management model.
Types of Reserve Models
Fed Price Reserve - For professional market makers to perform on-chain market making by feeding in prices in a highly gas and capital efficient manner.
Automated Price Reserve - For token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs
Bridge Reserve - Specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap into the network.
Customizable Option - Customize existing reserve models or create new ones from scratch to suit their own use cases and requirements.
What are the benefits of using Kyber Network?
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Instant settlement - Transactions get approved immediately
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No partially executed order - Trade is fully executed or reverted unlike most centralized and decentralized exchanges
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Complete transparency - Transactions are verifiable by everyone
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Simple integration - It is easy for other blockchain developers to build on top of its features
Where can you buy Kyber Network Crystal Legacy?
KNCL tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Kyber Network Crystal Legacy is P2B, where the most active trading pair KNCL/BTC has a trading volume of $8,119.19 in the last 24 hours. Other popular options include Coinsbit and Idex.
What is the daily trading volume of Kyber Network Crystal Legacy (KNCL)?
The trading volume of Kyber Network Crystal Legacy (KNCL) is $40,281.97 in the last 24 hours, representing a -83.20% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Kyber Network Crystal Legacy (KNCL)?
The highest price paid for Kyber Network Crystal Legacy (KNCL) is $5.80, which was recorded on Jan 09, 2018 (over 5 years). Comparatively, the current price is -88.60% lower than the all-time high price.
What is the all-time low for Kyber Network Crystal Legacy (KNCL)?
The lowest price paid for Kyber Network Crystal Legacy (KNCL) is $0.116184, which was recorded on Feb 06, 2019 (over 4 years). Comparatively, the current price is 467.10% higher than the all-time low price.
What is the market cap of Kyber Network Crystal Legacy (KNCL)?
Market capitalization of Kyber Network Crystal Legacy (KNCL) is $14,208,588 and is ranked #770 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of KNCL tokens (21 Million tokens are tradable on the market today).
What is the fully diluted valuation of Kyber Network Crystal Legacy (KNCL)?
The fully diluted valuation (FDV) of Kyber Network Crystal Legacy (KNCL) is $149,457,769. This is a statistical representation of the maximum market cap, assuming the maximum number of 230 Million KNCL tokens are in circulation today. Depending on how the emission schedule of KNCL tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Kyber Network Crystal Legacy compare against its peers?
With a price decline of -7.90% in the last 7 days, Kyber Network Crystal Legacy (KNCL) is underperforming the global cryptocurrency market which is up 3.90%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Kyber Network Crystal Legacy today?
There are no votes on Kyber Network Crystal Legacy (KNCL) today. Be the first to vote and share this with your community.
How to add Kyber Network Crystal Legacy (KNCL) to MetaMask?
Adding Kyber Network Crystal Legacy (KNCL) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import KNCL as a token. You can copy KNCL’s contract address (0xdd974d5c2e2928dea5f71b9825b8b646686bd200) and import it manually, or if you've installed MetaMask's chrome extension, add KNCL to MetaMask with one click on CoinGecko.
Add KNCL to MetaMask.
