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Kyber Network Crysta... KNC Price

$0.411

2.19%

$0.399

24h Range

$0.419

Market Cap

$76,886,954.2

Fully Diluted Valuation

$98,634,498.3

24 Hour Trading Vol

$22,659,070.5

Circulating Supply

187,081,941.4

Total Supply

239,998,236.7

Max Supply

∞

Info

KNC Price Statistics

Kyber Network Crystal v2 Price

$0.411

24h Range

$0.399 - $0.419

Percent Change 1h

-1.44%

Percent Change 24h

2.19%

Percent Change 7d

19.62%

All-time high

$5.70

All-time low

$0.290

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About Kyber Network Crystal v2

What is Kyber Network Crystal v2 (KNC)?

Kyber Network Crystal v2 (KNC) is the native utility token of the Kyber Network, a decentralized liquidity protocol that allows users to trade cryptocurrencies directly from their wallets. The protocol aggregates liquidity from various sources to provide users with the best possible prices for their trades. Launched in 2020, KNC v2 introduced several enhancements over its predecessor, including a more efficient governance mechanism and improved incentives for liquidity providers. As of 2024, the total supply of KNC is capped at 215 million tokens, with a significant portion allocated to community incentives and governance participation.

Who are the Founders of Kyber Network Crystal v2?

Kyber Network was founded by Loi Luu, Victor Tran, and Yaron Velner. Loi Luu, a prominent figure in the blockchain space, is known for his work in the Ethereum community and has a background in computer science and finance. Victor Tran serves as the CTO of Kyber Network, bringing extensive experience in software engineering and blockchain technology. Yaron Velner, with a strong background in cryptography and distributed systems, has played a vital role in the development of the platform. Together, they have built a robust decentralized finance (DeFi) ecosystem that supports a wide range of trading activities.

How does Kyber Network Crystal v2 Work?

Kyber Network Crystal v2 operates as an on-chain liquidity protocol that facilitates token swaps without the need for an intermediary. It achieves this by utilizing smart contracts that aggregate liquidity from various sources, including decentralized exchanges (DEXs) and liquidity pools. Here’s how it works:

  • Liquidity Aggregation: Kyber Network collects and aggregates liquidity from multiple sources to ensure that users receive the best possible prices for their trades.
  • Instant Token Swaps: Users can swap various tokens in a single transaction directly from their wallets. This eliminates the need for centralized exchanges, enhancing security and privacy.
  • Automated Market Makers (AMMs): KNC v2 utilizes AMMs to allow users to provide liquidity in exchange for rewards. Liquidity providers earn fees from trades that occur in their liquidity pools.
  • Governance: KNC token holders can participate in governance decisions, influencing protocol upgrades and changes through a decentralized voting mechanism.

Top Use Cases of Kyber Network Crystal v2

Kyber Network Crystal v2 has several use cases within the DeFi ecosystem. Some of the top use cases include:

  • Decentralized Trading: Users can trade tokens directly from their wallets without relying on centralized exchanges, ensuring better control over their assets.
  • Liquidity Provisioning: Individuals can provide liquidity to the Kyber Network and earn rewards in the form of trading fees and KNC tokens, incentivizing more liquidity in the ecosystem.
  • Cross-Chain Swaps: Kyber Network supports cross-chain token swaps, allowing users to trade tokens across different blockchain networks seamlessly.
  • Staking: KNC holders can stake their tokens to participate in governance and earn rewards, contributing to the overall stability and growth of the platform.
  • Integration with DApps: Various decentralized applications (DApps) integrate Kyber's liquidity protocol, providing users with a wide range of trading and financial services.

How to Keep your Kyber Network Crystal v2 Safe?

Keeping your Kyber Network Crystal v2 (KNC) tokens safe involves a combination of secure practices:

  • Use Hardware Wallets: Store your KNC tokens in hardware wallets like Ledger or Trezor, which provide offline storage and enhanced security against hacks.
  • Enable Two-Factor Authentication (2FA): If you use centralized exchanges for trading, always enable 2FA to add an extra layer of security to your account.
  • Beware of Phishing Attacks: Always double-check URLs and ensure you are interacting with official platforms to avoid phishing scams.
  • Keep Software Updated: Regularly update your wallet software and any applications you use to ensure you have the latest security patches.
  • Backup Your Wallet: Regularly back up your wallet's private keys or recovery phrases in a secure location to prevent loss of access to your tokens.

How to Invest in Kyber Network Crystal v2 (KNC)?

Investing in Kyber Network Crystal v2 (KNC) or any other cryptocurrency involves several steps:

1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4. Buy Kyber Network Crystal v2: Once your account is funded, you can purchase Kyber Network Crystal v2 directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Kyber Network Crystal v2 (KNC) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Kyber Network Crystal v2 using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Kyber Network Crystal v2 (KNC) in the Long Term?

Kyber Network Crystal v2 (KNC) is currently trading at $0.411 and exhibits good potential for future growth. Check the latest Kyber Network Crystal v2 (KNC) price prediction.

FAQs

The current price of Kyber Network Crystal v2 (KNC) is $0.411. It has decreased by 3.07% over the past 24 hours.
The current market cap of Kyber Network Crystal v2 (KNC) is $77.0M. It has increased by 0.264% over the past 24 hours.
The current daily trading volume of Kyber Network Crystal v2 (KNC) is $19.6M. It has increased by 14.25% over the past 24 hours.
The all time high for Kyber Network Crystal v2 (KNC) happened on Apr 29, 2022. It reached a value of $5.70. The percentage change to today's price is -92.78%.
The all time low for Kyber Network Crystal v2 (KNC) happened on Apr 06, 2025. It reached a value of $0.290. The percentage change to today's price is 41.73%.
The current fully diluted valuation of Kyber Network Crystal v2 (KNC) is $98.7M. It has decreased by 3.07% over the past 24 hours.
One Kyber Network Crystal v2 (KNC) is $0.411
The Kyber Network Crystal v2 (KNC) Fear and Greed Index currently indicates a bullish market sentiment. Given the inherent volatility and uncertainty within the cryptocurrency market, it is strongly advised to conduct thorough research before making any long-term investment decisions.

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