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Kyber-network

KNC

KyberNetwork

KNC

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₹58.89

LIVE

24H Low ₹57.87

24H High ₹63.73

Price of KNC today

The current live price of KNC today is ₹58.89, with a 24-hour trading volume of ₹1,77,14,37,783.28. Our KNC to INR price is updated in real-time. KNC has seen a decrease of -5.98% in the last 24 hours. With a live market cap of ₹10,91,89,73,915.52 , the circulating supply is at 186,349,807 KNC coins, with a maximum supply of 239,508,838KNC coins.

KyberNetwork Price History

Date ComparisonAmount Change% Change
Today-₹3.68

5.88%

7 Days₹0.49

0.84%

30 Days₹22.39

61.32%

1 Year-₹4.90

7.68%

KyberNetwork Price Information

Price Change (1hr)

7.26%

Price Change (24hr)

5.88%

Price Change (7d)

0.84%

KyberNetwork Market Stats

Market Cap

₹10,91,89,73,915.52

Fully Diluted Market Cap

₹14,03,37,72,299.36

24hr Volume

₹1,77,14,37,783.28

13.42%

Circulating Supply

186349806.73 KNC

Total Supply

239508838.1 KNC

Things to know about KyberNetwork

What is the token?

Kyber Network Crystal (KNC) is a utility and governance token integral to the Kyber Network ecosystem, a multi-chain crypto trading and liquidity hub. The network aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). Kyber Network aims to enable DeFi DApps, decentralized exchanges (DEXs), and other users to quickly access liquidity pools that offer the best rates. KNC holders can stake their tokens in the KyberDAO to participate in governance and vote on proposals, earning rewards from trading fees.

Tokenomics

KNC is used for governance, staking, and paying for transactions within the Kyber Network. It connects liquidity providers and users requiring liquidity. A portion of transaction fees is used to burn KNC, making it deflationary. The total supply of KNC is capped, and the token can be upgraded, minted, or burned by KyberDAO to support liquidity and growth.

Market Data

As of today #{today’s date}, the price of KyberNetwork is ₹58.89 INR or 0.6692 USD, with a 24-hour trading volume of 20129974.81 USD. The market capitalization for KyberNetwork is 124079249.04USD. The circulating supply is 186349806.73 KyberNetwork, with the total supply also being 239508838.1 KyberNetwork.

Token Pros and Cons

Pros:

  • Decentralized Governance

  • : KNC holders can participate in KyberDAO, influencing the network’s direction and decisions.

  • Utility and Rewards

  • : Staking KNC allows holders to earn rewards from network fees.

  • Deflationary Mechanism

  • : A portion of fees is used to burn KNC, potentially increasing its value over time.

  • Multi-chain Integration

  • : Kyber Network supports multiple blockchains, increasing its utility and reach.

  • Liquidity Aggregation

  • : Kyber aggregates liquidity from various sources, offering users better rates.

Cons:

  • Market Volatility

  • : Like all cryptocurrencies, KNC is subject to market volatility.

  • Regulatory Risks

  • : Changes in cryptocurrency regulations could impact KNC’s utility and value.

  • Smart Contract Risks

  • : As a DeFi project, Kyber Network is exposed to potential intelligent contract vulnerabilities.

  • Competition

  • : Kyber Network faces competition from other DEXs and liquidity providers.

  • Dependence on Ethereum

  • : Being an ERC-20 token, KNC’s performance is tied to the Ethereum network, which can suffer from congestion and high fees.

Why Should You Invest in the Coin

  • Active Governance

  • : Investing in KNC gives you a say in KyberDAO, allowing you to help shape the network’s future.

  • Ecosystem Growth

  • : Kyber Network’s continuous development and multi-chain expansion could increase KNC’s demand.

  • Innovative Solutions

  • : Kyber’s focus on solving liquidity issues in DeFi could lead to increased adoption.

  • Deflationary Tokenomics

  • : The burning of KNC tokens could lead to a decrease in supply and potential appreciation in value.

  • Strategic Partnerships

  • : Kyber’s partnerships and integrations with wallets and other platforms could drive growth.

USP of the coin

  • Liquidity Aggregation

  • : Kyber Network offers best-rate trades by sourcing liquidity from multiple protocols.

  • KyberDAO

  • : A unique governance model where KNC holders directly impact network decisions.

  • Cross-chain Functionality

  • : Kyber supports a wide range of blockchains, enhancing its interoperability.

The Problem the coin is solving

Kyber Network addresses the liquidity fragmentation in the DeFi space by aggregating liquidity from various sources to provide the best rates and seamless token swaps for users and DApps.

Founder and team background

Kyber Network was co-founded by Loi Luu, who previously created Oyente, the first open-source security analyzer for Ethereum contracts, and co-founded SmartPool, a decentralized mining pool project. Victor Tran, a lead developer at SmartPool, is also a co-founder. Vitalik Buterin, the creator of Ethereum, advises the team.

ICO Price

The KNC token was released in a September 2017 ICO at around $1. The ICO minted 226,000,000 KNC, with 61% sold to the public.

Risks Associated with Investing in the Coin

  • Regulatory Uncertainty

  • : Changes in crypto regulations could negatively impact KNC.

  • Technical Risks

  • : Smart contract bugs or failures could lead to loss of funds.

  • Competition

  • : The emergence of new liquidity solutions could reduce Kyber’s market share.

  • Market Volatility

  • : KNC’s price could be highly volatile, leading to potential losses.

  • Ethereum Network Risks

  • : Congestion and high fees on Ethereum could affect KNC transactions.

Summary of the Whitepaper

The Kyber Network whitepaper outlines a fully on-chain liquidity protocol that enables instant cryptocurrency token swaps in a decentralized manner. The protocol aggregates liquidity from various sources within a blockchain, allowing for seamless token trades with instant settlement and atomicity. The design properties of the protocol include an aggregated liquidity pool, diverse sources of liquidity, and permissionless participation. The network actors have takers (users, wallets, exchanges, DApps), maintainers (governance bodies), and reserves (liquidity providers). The protocol aims to support various use cases, such as instant token swap services, ERC-20 payments, and financial DApps. Kyber Network’s design allows any party to contribute to the liquidity pool, and the protocol is designed to be integrated into any application requiring token exchange functionality. The whitepaper also discusses the implementation strategy, security considerations, and the role of KNC as a staking and governance token.

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Price as per 12:31 PM • 02 Dec 2024

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What is the price of KyberNetwork (KNC)?

The current price of KyberNetwork (KNC) in INR is ₹58.89 INR.

What is the current KNC market cap?

The current market capitalization of KyberNetwork (KNC) is ₹10,91,89,73,915.52 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of KNC by the number of coins in circulation.

What is the current supply of KyberNetwork (KNC)?

The current supply of KyberNetwork (KNC) is 186349806.73 KNC. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of KyberNetwork (KNC)?

The 24-hour trading volume of KyberNetwork (KNC) in INR is ₹1,77,14,37,783.28. This figure represents the total value of all KNC transactions across various exchanges within the last 24 hours.

How to Buy KyberNetwork (KNC) in India?

To buy KyberNetwork (KNC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in KNC.

Can I buy KyberNetwork (KNC) with UPI?

Yes, you can buy KyberNetwork (KNC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert KyberNetwork (KNC) to Indian Rupee (INR)?

To convert KyberNetwork (KNC) to Indian Rupee (INR), you can use our KNC/INR conversion rates in real time.

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