Key metricsKey metrics
PricePrice$0.2713

Kyber Network (KNC) Information{coin_name} ({symbol}) Information

Kyber's decentralized liquidity network enables a new class of use cases by powering seamless transactions between individuals, ecosystems and dapps. Our liquidity network allows both open contribution of liquidity from token holders and easy integration from other DApps and projects to leverage the contributed liquidity pool.

Team OverviewTeam Overview

Yaron Velner
CTO & Co-Founder

Velner holds a PhD in computer science from Tel Aviv University. His research is focused on game theory incentives in blockchain protocols and formal verification of smart contracts. Yaron is one of the global top contributors to the Ethereum Bug Bounty Program.

Loi Luu
CEO & Co-Founder

Loi Luu is a researcher working on cryptocurrencies, smart contract security and distributed consensus algorithms. He is also a regular invited speaker at Bitcoin and Ethereum workshops such as DevCon2, EDCON.

Victor Tran
Lead Engineer & Co-Founder

Victor Tran is a senior backend engineer and Linux system administrator. He is experienced in building high performance multi-platform applications. He is interested in building high performance multi-platform applications. Victor has been involved in blockchain and cryptocurrency development since early 2016 and is a lead engineer at the SmartPool project.

Myra Loh
CFO
TN Lee
Head of Business
Spyros Vrettos
Trading Analyst / Developer
Bo-yeon Beon
Marketing Manager
Andrew Nguyen
Technical Manager
Thi Mang Cut
Project Manager

Questions and AnswersQuestions and Answers

What is Kyber's On-Chain Liquidity Protocol?
With the explosion in the number of tokens today, each token is often usable only within its own isolated ecosystem. Kyber’s on-chain liquidity protocol enables decentralized atomic token swaps to be possible everywhere. This powers seamless payments and transactions and allow tokens to be used across a wide range of different applications, platforms and ecosystems. The protocol allows open contribution of liquidity in the form of token assets and simple integration by DApps and projects to leverage the decentralized liquidity pool, enabling a more connected tokenized world where any token is usable anywhere. For example, vendors are able to accept payments in multiple tokens on their e-commerce platforms yet receive in their preferred token. In addition, DApps can allow users who are not their token holders to utilize their platform and services with other tokens, and decentralized financial projects have the means to rebalance their portfolio instantly.
How does Kyber enable any token to be usable anytime, anywhere?
Kyber is making tokens liquid and widely usable by enabling atomic token swaps in any application. With Kyber, tokens can be utilized and spent on a wide range of different applications and ecosystems. Given today's context, tokens are only spendable on the issuing platform, i.e. Token A is only spendable on Platform A and Token B is only spendable on Platform B. With Kyber integration, Token A can be used/spent on Platform B, because Kyber enables the seamless conversion of 1 token to another. For example, a user can directly pay Omisego (OMG) tokens to access Gifto platform services, as GIFTO tokens are purchased in the backend via Kyber's smart contract in 1 single atomic transaction. Thus Gifto users do not need to go through the hassle of first purchasing GIFTO tokens on a centralized exchange. The Gifto platform can also receive the payment in their preferred token such as ETH or a stable coin like DAI. Other use cases include - Wallets: Atomic token swaps without leaving the wallet - Vendors: Multi-token acceptance for payments - DApps: Multi-token acceptance for using platform services - Financial DApps: Portfolio rebalancing and fund allocation
How open is the on-chain liquidity protocol? Do i need to register to access it?
Kyber’s on-chain liquidity protocol is open to everyone and people can freely utilize it and tap into the liquidity pool to build innovative applications, without the need for registration. But products that are utilizing the protocol might have their own specific restrictions. KyberSwap: No registration needed to enjoy fast, simple and secure atomic token swaps. But to be eligible for the highest tier token swap limit, you have to register and submit the necessary documents. Each address is allowed to trade up to US$3,000 per transaction, with a maximum US$15,000 daily trading limit. If your submission is approved, your limit will be adjusted and higher trading limits of US$6,000 per transaction, US$200,000 daily trading limit will be applied. Smart contract Integration: No registration or permission needed to integrate with Kyber. Just plug into our liquidity protocol and gain access to seamless liquidity and a wide range of tokens for different applications. To earn commission, you will have to register with us. Documentation and guides can be found on our developer portal. Widget creation: No registration or permission needed to create a Kyber widget to accept multiple ERC20 tokens as payment on your website. Reserves: No registration or permission needed to become a Reserve.
What are the properties of Kyber's on-chain liquidity protocol that help power different applications and atomic payments?
Platform-agnostic: Kyber allows any application or protocol to be powered by our on-chain liquidity protocol, without limiting innovation and ecosystem diversity. You can just openly integrate and tap into our liquidity pool. Making real world commerce feasible: Our protocol makes real world commerce and decentralized financial products feasible by enabling instant inter-token transactions with a wide range of token options and low settlement risk, which are critical factors for many real world use cases. People want to be able to transact and utilize services instantly with low fees and without transaction uncertainty. These transactions also published on the blockchain, making the information for these transactions transparent, and equipped with the security guarantee of the blockchain network. Built for ease of integration: Kyber is built for ease of integration with different applications. Our key design focus is to be developer-friendly and highly compatible with other systems. Transparent: Everything is done on the smart contract and fully on-chain, leading to a fully secure, transparent and verifiable financial system. Fast transactions: The availability of token reserves within the liquidity pool allows for speedy atomic transactions, as the contract can send over the corresponding amount of requested tokens to the requesting wallet as soon as the order is placed.
What is the utility of KNC in the on-chain liquidity protocol?
KNC is an ERC-20 utility token and an integral part of Kyber Network as it facilitates the smooth operation of the reserves system.To operate and provide liquidity, it is necessary for 3rd party token reserves to purchase KNC to pay for their operation. Reserves are incentivized to provide liquidity to the network because they get to earn a spread from every transaction that involves their liquidity pool. Part of this fee will also be given to Kyber for network access. Kyber's on-chain liquidity protocol is designed with the intention of making the reserve pool rich and vibrant, so that the liquidity of supported tokens in the network is constantly high, and liquidity takers can utilize it for purposes including but not limited to in-app token swap, multi-currency payment gateway etc. As more reserves are set up in the liquidity protocol and adoption of the protocol through KyberSwap and other products increases, more KNC will be utilized for network fees. Find out more about KNC here: https://kyber.network/about/knc
What is Kyber Network's approach to solving the scalability problem?
Kyber Network is developing Gormos - a powerful new open-sourced scalability solution for the entire decentralized ecosystem. Gormos is proposed by Kyber Network for applications that require fast settlement, low cost, and low latency scalability solution. Examples include exchanges, social networks, and online games. Gormos's testnet is expected to be ready in Q3 2019.
When is Kyber Network introducing its cross-chain solution? When can I gain access to Bitcoin or other non-Ethereum network tokens?
Currently, Kyber only supports tokens on the Ethereum Network. We are evaluating various cross-chain solutions and will be providing cross-chain token pairs as soon as they are available. Together with our partners, Kyber Network is excited to bring Bitcoin to Ethereum through the creation of Wrapped Bitcoin Tokens (WBTC) . Learn more: https://blog.kyber.network/wbtc-a-community-effort-to-bring-bitcoin-to-ethereum-b9b63e3b86e6
How can I convert or swap different tokens on Kyber Network?
KyberSwap, powered by Kyber’s on-chain liquidity protocol, provides fast, simple and secure token to token swaps through a simple and straightforward process. No order books and deposits are needed. Users just need to log-in to the network using either one of the following means: Metamask, keystore, private key, or hardware wallet such as Trezor or Ledger. After which, select the token to convert, and the desired token from the drop down menu, and proceed. As soon as the transaction is broadcasted and confirmed, the transaction is completed. Kindly note that the wallet address must hold a certain amount of ETH in order to pay for the gas fee (network fee in Gwei). To easily convert your tokens, please visit: https://kyber.network/swap You may also read our detailed guide on how to use KyberSwap.
Why doesn’t KyberSwap support order books?
KyberSwap allows for fast and secure atomic token swaps in a very simple, straightforward process. There are no order books because we focus on the usability of the platform and offer ease of use for end users and seamless integration for our partners. Kyber’s design includes an open reserve architecture that allows anyone to contribute their idle token assets to our decentralized liquidity pool and earn from the spread in every transaction. These Reserves provide liquidity to the system by committing their spare token inventory to serve swap requests from users. These tokens become available for use across any platform that taps into the pool, making them instantly more liquid and widely usable. As such, there is no need for retail users to submit buy or sell orders. KyberSwap will provide users with the best rate based on all the reserves available.
Why does Kyber require KYC if it is decentralised? How do I know if my data is safe?
Kyber Network is based in Singapore and we seek to abide by all its laws and regulations. This is necessary to bring the benefits of decentralization to as many people as possible. Due to regulations in Singapore, KYC is mandatory for individuals who wish to token swap a value more than USD $3000 in each transaction. We take KYC information very seriously and have taken all necessary precautions to ensure that your information is protected.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Kyber Network is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0xdd974D5C2e2928deA5F71b9825b8b646686BD200.

Source Code Repositories

KyberNetwork/smart-contracts 227 Stars 14 Contributers 29 Open Issues

Main smart contracts for Kyber Network, including the main platform contract, reserve contracts etc.

KyberNetwork/KyberSwap 219 Stars 19 Contributers 15 Open Issues

Codebase for KyberSwap that helps users convert tokens instantly and directly from their own hardware wallets, metamask and so on. No setup, No deposit, no withdrawal needed. Try it out on https://kyber.network/swap or join telegram for developers https://t.me/KyberDeveloper.

KyberNetwork/reserve-data 48 Stars 12 Contributers 12 Open Issues

Kyber Reserve core component that helps manage reserves of tokens. It maintains market views, calculates prices and executes pricing/rebalancing instructions from analytic component.

EconomicsEconomics

Tradeable CoinsTradeable Coins
166,589,133 (78% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x3eb01b3391ea15ce752d01cf3d3f09dec596f650 48,094,048.8188 Kyber: MultiSig (Contract)
0x4e9ce36e442e55ecd9025b9a6e0d88485d628a67 31,715,801.1596 Binance 6
0xba49daa1a27824795bc52aeb8a305f51963b6271 23,190,610.1455
0x030e37ddd7df1b43db172b23916d523f1599c6cb 9,923,683.1948
0x09d51654bd9efbfcb56da3491989cc1444095fff 6,687,364
0x3be35d6c5ffeae62cb3f6cb8a23653b6501a060d 4,733,654.121
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 4,377,070.9064 Upbit 2
0xa0ebd5ffdf2f13113ec86c09d657a2bf07eeb079 3,480,000
0x6cc5f688a315f3dc28a7781717a9a798a59fda7b 2,484,677.5122 Okex 1
0xfdb16996831753d5331ff813c29a93c76834a0ad 2,336,096.6268 Huobi 3
0x167a9333bf582556f35bd4d16a7e80e191aa6476 1,973,434.8496
0xeee28d484628d41a82d01e21d12e2e78d69920da 1,850,287.0663 Huobi 4
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 1,647,908.126 Binance 1
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 1,601,287.8444 Poloniex 4
0xf6c34c27d07b293113a6b2b35851546bc3b00445 1,500,000
0x00514112b64626360445d45dae83327c989face2 1,440,000
0xfa4b5be3f2f84f56703c42eb22142744e95a2c58 1,236,052.8319 Huobi 11
0x7793cd85c11a924478d358d49b05b37e91b5810f 1,222,638.8097 Gate.io 2
0x40faa8ec79a62b1414d11f6926e5175a312f8099 1,195,000.0036
0x1c4b70a3968436b9a0a9cf5205c787eb81bb558c 1,109,113.9464 Gate.io 3

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance KNC/BTC $0.2702 -0.38% $700,623 0.28% 1.1%
Upbit KNC/KRW $0.2741 1% $326,189 0.63% 1.3%
Binance KNC/ETH $0.2708 -0.19% $148,976 0.51% 0.87%
Gate.io KNC/USDT $0.2696 -0.63% $68,370 2.2% 2.3%
CoinOne KNC/KRW $0.2741 1% $14,892 0.63% 3.4%
Poloniex KNC/BTC $0.2686 -0.98% $8,582.23 1.5% 3.2%
Poloniex KNC/USDT $0.2716 0.14% $4,221.63 2.7% 8.4%
Poloniex KNC/ETH $0.2667 -1.7% $2,214.55 1.3%
Gate.io KNC/ETH $0.2684 -1.1% $979.99 17% 98%
Bitfinex KNC/BUSD $0.2713 0% $13.29 38% 90%
Bitfinex KNC/ETH $0.2615 -3.6% $8.0903 8.4% 72%
Bitfinex KNC/BTC $0.2636 -2.8% $5.2721 6.5% 9.1%

Latest Kyber Network NewsLatest Kyber Network News

Kyber Network on Twitter

?KyberDAO Experiment #2 on @daostack is LIVE! ??Receive up to 17,000 KNC for proposals on how to educate more people about Kyber! Important details: https://t.co/782tShA6ia Watch how to submit proposals & vote: https://t.co/KE4v7poCC3 Enter KyberDAO: https://t.co/IKbqP7x9d2… https://t.co/VcFhgYIVLE

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Delphi Digital on Twitter

1/ Analyzing both in tandem was necessary because of their symbiotic relationship. After @KyberNetwork added Uniswap as one of its liquidity reserves in February, trades sourced through Kyber made up 34% of Uniswap’s total trade volume from February through May.… https://t.co/u7CZqTf8fk

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Théophile ☕ Multis on Twitter

1. read documentation 2. chat with @KyberNetwork devs on telegram 3. connect with their smart contracts 4. build, test & release 5. it's live! i guess that's how we ship financial services in this decentralized world - no licenses, no setup fees, no bullshit ??… https://t.co/wKs3FQ5joB

Kyber Network on Twitter ReadRead 

Multis on Twitter

?? Introducing Token Swap: making it easier than ever for companies to build, hedge and invest in crypto. Built with our friends @KyberNetwork: https://t.co/NyM3C5L3W0

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Thibaut 🕹️ Multis on Twitter

Super excited to announce that @multisHQ is launching the DEX designed specifically for companies, powered by both @gnosisPM and @KyberNetwork ! ?? https://t.co/P8cNcvMDQV

Kyber Network on Twitter ReadRead 

Helis Network on Twitter

Massive Week in DeFi ?????????? - @facebook Libra is here ?? - @b0xNet launches and partners with @AugurProject?? - @KyberNetwork integrates into HTC's new phone ?? - @loopringorg 's SNARK DEX can do up to 660 tx/sec ?? Get the full scoop at: https://t.co/qGOaSE3zu9… https://t.co/tmmuKYXUHN

Kyber Network on Twitter ReadRead 

Shane on Twitter

The new @myetherwallet keeps getting better! Now you can generate $DAI using the @MakerDAO CDP Portal directly on MEW??in addition to being able to easily convert coins using @KyberNetwork or @Changelly_team ??… https://t.co/RPBMpNC8Em

Kyber Network on Twitter ReadRead 

Brock Elmore on Twitter

Ever wondered how #defi loan platforms differ? KYC, collateralization, rates, marketplace interaction (i.e. trades occur on @UniswapExchange, @KyberNetwork, etc), open source (OS) & verified contracts (VC), assets available, and interest payouts Tweetstorm incoming 0/

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littleboy on Twitter

@KyberSwap @KyberNetwork Is hosting the second decentralized governance experiment. Just wrote this explaining how it will work: https://t.co/VyDwdaySAn

Kyber Network on Twitter ReadRead 

Totle on Twitter

To answer the question of how decentralized a given DEX is, we created a DEX classification system. This shows how we approach finding the right DEXs for Totle. Let us know what you think! We’d love to hear your opinion on how to classify DEXs. https://t.co/d8FdOtmB47… https://t.co/KYBxsFbXEQ

Kyber Network on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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