Kyber Network Price for today is $0.908. Its current circulating supply is KNC 210,383,337.19 with a market cap of $180,068,636.31.
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Kyber Network is an Ethereum based protocol that allows for the instantaneous exchange of tokens without the need for an exchange. The working mechanism is quite simple. In the Kyber Network there are crypto funds called reserves that collectively support 70-plus ERC20 projects. The reserves offer different prices and funding levels, and to match them, the network captures the rates among all the pools and returns the most competitive price.
For their participation, the reserves make money on the spread between the bid and ask prices of different tokens. The project's goal is to create a seamless environment for the movement of various assets and make them practical for everyday business. For context, Dapps only accept their native assets, which means that one has to use an exchange to convert tokens and use a Dapp. Kyber takes away this hustle by making it instantaneous.
Since the network has a symbiotic relationship with the reserve pools, the pools are required to pay to use it, and the payments are done in KNC, the ecosystem’s native token. Reserve participants can get them on a user-friendly Kyber Network converter like ChangeNow, where you can perform KNC exchange easily.
One of the critical features of Kyber is the instant swap function. The swap happens without the need to register for an account. Another exciting feature is that anyone can create a reserve, put in the funds, and become a liquidity provider. The money you make from providing liquidity can then be converted into fiat or more than 200 other cryptos of your choice using a Kyber Network exchange like ChangeNow.
Sometimes you need a way to exchange Kyber Network to other coins, or cash. The transaction can be for trading, or to get money for whatever reason. To convert KNC, you need a service that is fast, easy to use and has low fees. Try using ChangeNOW.io as your personal KNC converter as it offers all of that, and you can exchange KNC without registration and with no upper limit.