Cryptocurrency Kyber Network (KNC): review, course and chart

Total offer 215,625,349 KNC

The project was developed by a team of 14 specialists with extensive experience in blockchain projects, headed by an advisor, Vitalik Buterin. The team started working on the project in 2017.

Kyber Network is an Ethereum-based decentralized blockchain platform, but the cross-channel technology provides a more distributed network that supports multiple e-currencies. The system allows users to instantly exchange, trade, and convert various digital money.

The advantages of the platform include security. All transactions are carried out with the help of smart contracts without involving third parties, such as exchanges, which charge a fee for the services provided. Kyber Network uses reserve operators, which, in turn, ensure the liquidity of all financial transactions. All money transfers are made instantly; currently, no commission fee for exchange is charged. Holders will be able to pay with any digital unit; the system makes automatic conversion and sends a payment. The parties to the transaction know the exact exchange rate in advance.

KNC is considered to be a payment tool for conversion and placement of applications, as well as serves as a reward for participants. One cannot buy KNC for a fiat.

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10 Kyber Network (KNC)