Kyber Network or KNC (KNC/USDT – trade it here) is an on-chain DEX. They are a multi-chain crypto trading and liquidity hub. Their platform connects liquidity from different sources and allows users to trade at the best rates. Basic information for the token is available on the MEXC Digital asset introduction page.
How Does it Work
Kyber Network connects people of different interests. On their platform, you can earn, stake and build. They are also one of the biggest liquidity platforms in the Ethereum DeFi space. They connect liquidity for traders, Dapps and Aggregators. Furthermore, they provide the best rates and maximum return for everyone.
Their main protocol, KyberSwap, is loved by all. KyberSwap connects itself to more than 70 DEXs for traders and providers to earn a share of profit. In their Kyber pool, traders can swap tokens instantly at its best rates and best UX. The liquidity comes from multiple DEX protocols such as SushiSwap, PancakeSwap and many more! Liquidity providers on the other hand can deposit tokens to earn swap fees and farm rewards.
However, what makes them stand out from others is their wallet abilities. Users do not need to leave your wallet application to swap tokens. The whole process is seamless. They also accept payments in a wide range of tokens while receiving any token of your choice.
KyberDAO or Kyber Decentralized Autonomous Organization, is the protocol that governs Kyber Network. The whole system runs on their native token KNC. KNC holders can stake the tokens to vote on governance proposals. Their votes will shape the future of Kyber Network. Additionally, KNC holders can earn rewards from trading fees. KyberDAO can mint, burn or upgrade KNC as they see fit. Doing so will provide better support to liquidity and growth.
Recent Price & Performance of Kyber Network Crystals (KNC)
KNC is the primary governance and utility token. Currently, the market price for KNC is $0.6233 per unit. They have a market cap of $102,984,019 and a fully diluted market cap of $141,498,829. There is a circulating supply of 164,893,760.00 KNC, 73% of their total supply. You can check the live price of KNC Token right here!
How to buy Kyber Network Crystals (KNC)
You can buy Kyber Network Crystals (KNC) on MEXC by the following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “KNC” using the search bar to see the available trading pairs. Take KNC/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of KNC you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy KNC] to confirm your order. You will find the purchased KNC in your Spot Wallet.
You can find a detailed guide on how to buy KNC tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshot and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!