Kyber Network is a multi-chain crypto trading and liquidity hub on Ethereum that connects liquidity from different sources to enable trades at the best rates. It provides liquidity aggregation for the best token rates, easy integration, open and transparent operations, and cutting-edge efficiency. Kyber is being used by many projects around the world for their liquidity needs, and is governed by the KyberDAO, a decentralized community of KNC token holders. Kyber enables a future where anyone who owns crypto tokens can easily swap and use them in any context they want, in DeFi and beyond.
Kyber Network aggregates liquidity from various reserves into a single liquidity pool on its network, allowing anyone to provide liquidity. Its three primary users are dApps, vendors, and crypto wallets, who can execute instant token swaps without the use of a trusted third party. Trades are completed in a single blockchain transaction and are instantly settled on the blockchain. Kyber Network has a wide range of use cases, including in-app token swap and token conversion functionalities for dApps that want to accept users who do not hold their native token. The network has its own exchange called KyberSwap.
KNC is the native token of Kyber Network. It can be used for governance and earning rewards through staking.
How Many Kyber Network (KNC) Tokens Are in Circulation?
The total supply of KNC is 226,000,000, among which 164,893,760 are in circulation.
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