Kyber Network (KNC) Price
What is Kyber Network?
Kyber Network is a decentralised exchange that is based on the Ethereum blockchain. The platform allows instant conversion and exchange of digital assets. It comprises of operating properties of an exchange such as instant trade, high liquidity, and decentralized execution. Kyber Network focuses on making it possible for users to securely exchange crypto tokens instantly at a minimal cost. It uses smart contracts for trading cryptocurrencies.
Headquartered in Singapore, the Kyber Network was co-founded by Loi Luu, Yaron Velner, and Victor Tran. In August 2017, the testnet for the Kyber Network went live following which there was an initial coin offering (ICO) in September 2017. The native token for Kyber Network is called KNC. Currently around 25 cryptocurrencies are supported on the Kyber Network.
Features of Kyber Network
- Trustless: User tokens are not held by the Kyber Network operator which thereby are secured from theft losses. Thanks to the smart contacts, the integrity of the operator is ensured.
- Instant trade: The platform enables an exchange or converts request immediately within a single transaction. The exchanged tokens are received by the users instantly as soon as they are transferred.
- Compatibility: Kyber Network's payment API can communicate with existing contracts without making any changes. The platform also has a new contract wallet that allows the user to pay with token A to a contract that expects token B. The Kyber network enables conversion from currency A to currency B seamlessly.
- High Liquidity: The platform provides high liquidity of tokens as it maintains a reserve of tokens thereby offering tokens instantly at the time of trading.
Where to buy Kyber Network?
KNC tokens are listed on exchanges like Binance, Liqui, Huobi, Zebpay, and others.
Kyber Network Wallets
The KNC tokens can be stored in any wallet that supports ERC20 such as MyEtherWallet. Hardware wallets like Trezor and Ledger Nano also support KNC tokens.
Kyber Network Price Trends
On 28 May 2018, the market capitalisation of Kyber Network was $161,293,227 while the price of 1 KNC token was $1.20. The price of 1 KNC token at the beginning of January 2018 was $2.62. In February 2018, the price crossed $3 mark. However, following March, the price of the KNC token kept falling and was below $1 by early April. In May the price of the token bounced back to $2.
Date | Open | High | Low | Close | Volume | Market Cap |
5/30/2018 | 1.26 | 1.29 | 1.21 | 1.23 | 168391000 | 13972000 |
5/29/2018 | 1.17 | 1.28 | 1.16 | 1.26 | 157397000 | 15163100 |
5/28/2018 | 1.29 | 1.31 | 1.16 | 1.17 | 173107000 | 14453600 |
5/27/2018 | 1.31 | 1.31 | 1.28 | 1.29 | 175045000 | 13004200 |
5/26/2018 | 1.37 | 1.39 | 1.3 | 1.3 | 183431000 | 15249700 |
5/25/2018 | 1.47 | 1.49 | 1.33 | 1.37 | 197442000 | 18430900 |
5/24/2018 | 1.38 | 1.48 | 1.35 | 1.47 | 185127000 | 15964500 |
Risks involved with investing in Kyber Network
Cryptocurrencies are subject to government regulations and are volatile in nature. It is not easy to predict the rise and fall of the price. Hence, it is advised to invest in mutual funds instead as it is a more secure and reliable mode of investment.
Disclaimer:
"The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.
A&A Dukaan Financial Service Private Limited ("BankBazaar") does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.