Kyber Network opinions
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So far,1 of opinions have been recorded for Kyber Network. These opinions are not investment recommendations but the community's perspective on Kyber Network. Please do not make a purchase decision based on these Kyber Network opinions.
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Kyber Network opinion #1
The Kyber Network Crystal (KNC) is a swap token founded in 2017 by Loi Luu and based on ERC-20. The maximum capitalisation is 210.5 million KNC, of which only just under 60 were put into circulation by means of ICO (Initial Coin Offering). The remainder is deposited as a reserve in the hands of the founding team and a foundation.
The objective of the token is to decentralise the existing monopoly exchanges. The user should be able to switch between different crypto-currencies with only one transaction using the logging OnChain of Kyber Network. In addition, the decentralised liquidity helps to process the transactions quickly.
With the upgrade of the Kyber Protocol, more rights of co-determination via DAO (Decentralized Autonomous Organization) are to be granted in the future.
Even if it is and a coin based on ERC-20, I would only recommend the wallets MetMask and MyEtherWallet for storage.
With the current hype of DeFi & Co this fun token should be kept in mind.