Key metricsKey metrics
PricePrice$0.1644

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 229 Stars 15 Contributers 29 Open Issues

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

KyberNetwork/KyberSwap 221 Stars 19 Contributers 20 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://kyberswap.com or join telegram for developers https://t.me/KyberDeveloper.

KyberNetwork/reserve-data 48 Stars 13 Contributers 14 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 45,744,048.8188 Kyber: MultiSig (Contract)
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 32,584,095.8217
0xba49daa1a27824795bc52aeb8a305f51963b6271 12,081,765.8455
0xf977814e90da44bfa03b6295a0616a897441acec 8,000,000.1948
0x5af7548324ead48bfa30415db6586c29dea137d9 7,102,779.6284
0x09d51654bd9efbfcb56da3491989cc1444095fff 6,687,364
0x3be35d6c5ffeae62cb3f6cb8a23653b6501a060d 4,733,654.121
0xa0ebd5ffdf2f13113ec86c09d657a2bf07eeb079 3,480,000
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 3,044,639.3001 Upbit 2
0x6cc5f688a315f3dc28a7781717a9a798a59fda7b 2,633,021.6127 Okex 1
0x3d890700ea3adcfd902b57ec22a8c2fa84412d24 2,057,234.3042
0x81ad61d77d26c7d67c4d6af2df95ec104fe06769 2,004,896.955
0x167a9333bf582556f35bd4d16a7e80e191aa6476 1,841,695.0413
0xfdb16996831753d5331ff813c29a93c76834a0ad 1,736,805.222 Huobi 3
0xa910f92acdaf488fa6ef02174fb86208ad7722ba 1,560,004.9868 Poloniex 4
0xeee28d484628d41a82d01e21d12e2e78d69920da 1,517,498.3061 Huobi 4
0xf6c34c27d07b293113a6b2b35851546bc3b00445 1,500,000
0x00514112b64626360445d45dae83327c989face2 1,440,000
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 1,303,014.4439 Binance 1
0xfa4b5be3f2f84f56703c42eb22142744e95a2c58 1,302,174.7736 Huobi 11

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance KNC/BTC $0.1650 0.35% $192,416 0.29% 1%
Binance KNC/ETH $0.1648 0.25% $80,256 0.51% 1.4%
Upbit KNC/KRW $0.1622 -1.4% $62,925 1.5% 3.5%
Gate.io KNC/USDT $0.1651 0.39% $16,062 6.1% 6.7%
Poloniex KNC/BTC $0.1638 -0.36% $3,046.78 1.2% 2.7%
Gate.io KNC/ETH $0.1642 -0.13% $1,686.08 1.3% 98%
CoinOne KNC/KRW $0.1605 -2.4% $729.48 4% 36%
Poloniex KNC/USDT $0.1530 -7% $436.88 14% 15%
Bitfinex KNC/ETH $0.1598 -2.8% $155.16 47% 76%
Bitfinex KNC/BTC $0.1640 -0.22% $77.00 17% 75%
Poloniex KNC/ETH $0.1636 -0.51% $41.10 1.9%
Bitfinex KNC/BUSD $0.1644 0% $7.9105 53% 71%

Latest Kyber Network NewsLatest Kyber Network News

AlphaWallet on Twitter

Calling #DeFi crowd! @Alpha_Wallet’s #DeFi UX interviews ???? ??@compoundfinance ??@InstaDApp ?@MakerDAO ??@zerion_io ??@Dharma_HQ ??@UniswapExchange ??@KyberNetwork Our mobile wallet platform needs your input to shape the future! https://t.co/CBeUSJEKOG

Kyber Network on Twitter ReadRead 

weiDex Exchange on Twitter

@TitoMarchev and @raykov_krasimir had a great time with our partners from @KyberNetwork during a meeting in Singapore. Thanks for the warm welcome, huge support and useful ideas. Hope to see you again soon!… https://t.co/QmeCG5DAsR

Kyber Network on Twitter ReadRead 

Guarda on Twitter

$KNC – the glue that connects different participants in the @KyberNetwork ecosystem, is supported on all the versions of @GuardaWallet. Web, Desktop, Chrome Extension, Mobile – secure, custody-free and multifunctional. Give your $KNC wallet a try here: https://t.co/tdMKs6ZqZJ… https://t.co/iQdgdJYNz1

Kyber Network on Twitter ReadRead 

Kyber Network on Twitter

We’d like to thank @devfolioco @ETHGlobal , and all the volunteers, hackers and sponsors for making @ETHIndiaco 2019 a huge success! The passion and talent of the developer community in India is an inspiration to us all! ?? #BuildwithKyber Read our recap: https://t.co/P47wPWqHNt

Kyber Network on Twitter ReadRead 

Eylon on Twitter

Big thank you to everyone who was involved with this! @dHack0 @daostack @ETHIndiaco @devfolioco @ETHGlobal @shaktigoap @jacob_willemsma @TheRealKartik Sponsors: @TorusLabs @AaveAave @maticnetwork @KyberNetwork @NuCypher @MakerDAO @aztecprotocol @ensdomains @lendroidproject… https://t.co/z8poUuIiXa

Kyber Network on Twitter ReadRead 

vasa on Twitter

https://t.co/HuCgIIJjIH @thestartup_ @ETHIndiaco @ETHGlobal @lendroidproject @KyberNetwork @NuCypher @TorusLabs @ensdomains @maticnetwork @simpleaswater_

Kyber Network on Twitter ReadRead 

KyberSquad on Twitter

The KyberDAO T-shirt Design Competition has entered the voting stage Help us decide on the best @KyberNetwork inspired designs by liking your favorite submissions; Winners split a prize pool of 2000 KNC?? Voters can win t-shirts of the winning design! https://t.co/9OiDtEm7df

Kyber Network on Twitter ReadRead 

Kyber Network on Twitter

??????…

Kyber Network on Twitter ReadRead 

Kyber Network on Twitter

Our tracking website (https://t.co/yEnqzmiwj4) is currently down due to sudden surge in traffic. Team is working to make it available again soon.

Kyber Network on Twitter ReadRead 

defiprime on Twitter

Benedict Chan @bencxr, CTO of @BitGo talks about origins of WBTC, delivering trust in digital assets and exploring the depth of the programmable ecosystem. https://t.co/Zt5N3Wy4xN #defi @mikebelshe @KyberNetwork @loi_luu @WrappedBTC

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.
;