Dear traders, KNC token is now available on our platform.
Kyber Network Crystal (KNC) is an ERC-20 token and an integral part of Kyber Network. KNC is the glue that connects different participants in the Kyber Network ecosystem, including both liquidity contributors and the different entities that leverage on the liquidity network.
KNC facilitates the smooth operation of the reserves system in liquidity Kyber Network. To operate and provide token liquidity, 3rd party token reserves are required to purchase KNC to pay for their operation in the network. Kyber Network charges transaction fees, in KNC, from these reserves.
By registering and plugging into liquidity Kyber network, DApps (decentralized applications) and businesses earn a commission in KNC after every transaction that they facilitate in Kyber Network.
In each transaction, a portion of the collected fees (in KNC) on Kyber Network is taken out of circulation forever.
Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem.
The more you know, the more you earn. Follow our news!