Kyber Network (KNC)

$2.55944 (-14.69%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
115 $524,800,000.00 $71,704,900.00 205,045,000 KNC -- -14.69% 8.4% $375.98

Exchange Pair Volume (24h) Price
Decoin KNC/BTC 718,573.00 0.0000588900
FTX KNC/USDT 126,655.00 2.6313000000
FTX KNC/USD 169,311.00 2.6370000000
HitBTC KNC/BTC 28,277,477.00 0.0000594490
Coinbase Pro KNC/USD 8,535,527.00 2.6374000000
Binance KNC/BTC 5,286,881.00 0.0000588500
OKEx KNC/USDT 9,477,975.00 2.6320000000
Binance KNC/USDT 14,103,878.00 2.6320000000
IDCM KNC/USDT 22,322,522.00 2.6282000000
CoinTiger KNC/USDT 318,441.00 2.6370000000
Huobi Global KNC/USDT 1,598,380.00 2.6303000000
Kraken KNC/USD 805,350.00 2.6791000000
Digifinex KNC/USDT 10,696,388.00 2.6330000000
BitZ KNC/USDT 21,648,572.00 2.6398000000
Decoin KNC/USDT 601,182.00 2.6220000000
Gemini KNC/USD 293,530.00 2.6333200000
Kraken KNC/EUR 499,913.00 2.1704000000
OKEx KNC/BTC 4,679,414.00 0.0000588000
Coinbase Pro KNC/BTC 1,033,859.00 0.0000587500
MXC KNC/USDT 506,780.00 2.6539000000
Binance US KNC/USD 552,033.00 2.6410000000
Huobi Global KNC/BTC 442,634.00 0.0000588900
Coinsbit KNC/BTC 57,099.00 0.0000589100
Binance US KNC/USDT 502,301.00 2.6410000000
XT.COM KNC/SXC 4,019,824.00 17.4800000000 KNC/USDT 201,398.00 2.6593000000
Coinsbit KNC/USDT 140,379.00 2.6360000000
Coinsbit KNC/ETH 9,474.14 0.0007649000
Binance KNC/BUSD 1,406,946.00 2.6700000000
HitBTC KNC/USD 5,297,358.00 2.6699290000
Kraken KNC/ETH 37,568.00 0.0007660000
Kraken KNC/XBT 282,285.00 0.0000589900
WhiteBIT KNC/USDT 489,672.00 2.6251000000
Bitrue KNC/XRP 103,670.00 1.7570000000 KNC/CRO 9,457.40 17.8570000000
Bitrue KNC/ETH 21,883.00 0.0007638400
BiKi KNC/USDT 261,223.00 2.6340000000
GokuMarket KNC/BTC 5,725,382.00 0.0000588600
Binance KNC/ETH 673,491.00 0.0007649000
Bitfinex KNC/USD 87,746.00 2.6699000000
Vindax KNC/BTC 141,822.00 0.0000592500 KNC/USDT 125,178.00 2.6892000000
Atomars KNC/BTC 5,080.05 0.0000588600
HitBTC KNC/ETH 1,859,635.00 0.0007676700
Atomars KNC/USDT 7,719.35 2.6340000000
CEX.IO KNC/USD 226,965.00 2.6531000000
AEX KNC/USDT 1,054,312.00 2.6510000000
BHEX KNC/USDT 3,597,707.00 2.6490000000
XT.COM KNC/USDT 988,744.00 2.6425000000
Bilaxy KNC/BTC 462,895.00 0.0000587200
Bitfinex KNC/BTC 36,843.00 0.0000590200
Virgox KNC/ETH 981,577.00 0.0007597000
KuCoin KNC/BTC 108,091.00 0.0000587000
Huobi Global KNC/ETH 113,979.00 0.0007610100
Bittrex KNC/ETH 29,630.00 0.0007565500
Bittrex KNC/BTC 68,861.00 0.0000588200
BiONE KNC/USDT 251,229.00 2.6299000000
Bvnex KNC/USDT 1,207,786.00 2.6556670000
AAX KNC/BTC 163,785.00 0.0000588000 KNC/USDT 199,040.00 2.6619300000
Bittrex KNC/USDT 63,511.00 2.6838800000
Huobi Global KNC/HUSD 43,025.00 2.6428000000
Bancor Network KNCL/BNT 846.37 0.4240170295
KuCoin KNC/ETH 18,192.77 0.0007588000
CoinEx KNC/USDT 63,451.00 2.6300000000
P2PB2B KNC/BTC 19,030.03 0.0000590100 KNC/ETH 26,070.00 0.0007730000
Poloniex KNC/BTC 24,078.00 0.0000594300
ProBit KNC/USDT 27,568.00 2.6262000000
Bittrex KNC/USD 71,265.00 2.6956400000
P2PB2B KNC/ETH 16,325.36 0.0007642000
Tokenomy KNC/IDK 11,863.21 39.7729760400
Balancer (v1) 0XDD974D5C2E2928DEA5F71B9825B8B646686BD200/ETH 5,291.78 0.0007651167
Uniswap (v2) 0XDD974D5C2E2928DEA5F71B9825B8B646686BD200/ETH 283,099.00 0.0007599190
Coinzoom KNC/USD 2,073.86 2.6274000000
DragonEx KNC/USDT 6,370,116.00 2.6348000000
NiceHash KNC/BTC 376.99 0.0000588000
Bittrex KNC/EUR 3,578.14 2.1794100000
Coinzoom KNC/BTC 2,097.20 0.0000588000
TOKOK KNC/USDT 299,351.00 2.6330000000
Coinzoom KNC/USDT 1,268.58 2.6245000000
Dove Wallet KNC/USDT 13.62 2.6475100000
CEX.IO KNC/USDT 1,401.00 2.6573000000
Dove Wallet KNC/USDC 5.52 2.6706200000
Dove Wallet KNC/EUR 3.22 2.1884600000
Hotbit KNC/USDT 7,025.29 2.6740000000
EXX KNC/USDT 241,113.00 2.6507000000
CoinEx KNC/BTC 3,837.36 0.0000589600
Dove Wallet KNC/GBP 3.73 1.8965800000
WhaleEx KNC/USDT 1,415,253.00 2.6685000000 KNC/USDT 103,739.00 2.6224000000
Huobi Korea KNC/BTC 26.48 0.0000589400
Vindax KNC/ETH 57,439.00 0.0007895000
Bithumb KNC/KRW 2,082,436.00 3,187.0000000000
Upbit KNC/KRW 4,593,861.00 3,130.0000000000
Bitkub KNC/THB 266,912.00 86.1100000000
GoPax KNC/KRW 110,486.00 3,203.0000000000
Coinone KNC/KRW 173,212.00 3,132.0000000000
ProBit KNC/KRW 27,950.00 3,184.7000000000
Mercatox KNC/ETH 291,915.00 0.0008400900



Kyber Network is building an Ethereum based platform to address the growing market for decentralized token exchanges. The project proposes a solution for instant on-chain transfers between ERC20 tokens, fully based on smart contracts. Plans include support for non-ERC20 tokens though these are highly dependent on the creation of scalable solutions for cross-blockchain compatibility technologies like atomic swaps. Potential solutions include PolkaDot or cosmos as well as ERC20 based implementations on networks like RSK. Decentralized exchanges have become a popular alternative to centralized exchanges, which can lack transparency or are subject to hacks, like those seen on Mt.Gox, Bitfinex, and CoinCheck. Despite interest in the idea, decentralized exchanges are often subject to drawbacks like limited liquidity, the ability to potentially front-run orders, and transaction fees related to canceling or adjusting orders that can reduce the incentive to adjust bid prices frequently. The team believes they can solve these issues by creating an automated on chain solution that directly exchanges tokens between two parties. Instead of using an orderbook the network uses liquidity pools (reserves) run by competing reserve managers. Managers are responsible for setting bid/ask prices for various token pairs and maintaining a certain amount of liquidity in the trading pairs offered. When a user sends tokens to the core KyberNetwork smart contract the transaction is immediately executed based on the best price offered by the reserve managers. By immediately executing transactions the project aims to eliminate the ability to front run trades, and by using the best offered spread on transactions, hopes to incentivize reserve managers to offer competitive spreads. Reserve managers should likewise be prompted to make markets in low liquidity tokens where they can take larger spreads. The project launched a pilot of the main network on Feb. 11, 2018, with plans to expand access as pilot progresses. Initially, KyberNetwork will act as a reserve manager using 100,000 of the 200,000 ether (ETH) received during the token sale before opening the network to third-parties. Reserve managers will be expected to comply with know your customer (KYC) and anti-money laundering (AML) rules.


The network relies on the core Kyber Network smart contract that accepts user tokens for exchange and sends corresponding tokens directly to the user from a reserve account. Users on the network are expected to be individuals, other decentralized applications, and merchants that want to accept a variety of payment options while receiving only a single type. When users send a token for conversion they receive the corresponding token within the same transaction removing the need for deposits or an orderbook. In order to function properly, there must be enough liquidity in various token pairs. Reserve managers attempt to provide this by holding various tokens for exchange and rebalancing their holdings if the balance of a specific token becomes too low. Reserve managers decide on and provide continuously updated exchange rates to the core smart contract. Third-party contributors are expected to provide capital to reserve pools in exchange for a share of the fees, which is the bid/ask spread, collected on transactions. Reserve managers will be able to decide if they wish to operate as a private entity or allow third-party contributors. Tools to track prices and volumes across the network have been created to help manage reserve portfolios. Initial governance, including listing token pairs and permissioned reserve managers, will be handled directly by the project. Over time the team plans to create a network of “operators” that will handle governance in a more decentralized manner. Reserve pools that wish to participate in the exchange market are required to stake an amount of Kyber Network Crystal (KNC) tokens in a smart contract and meet specific liquidity requirements defined by the network. In each trade a small amount of KNC will be transferred from the staked amount, acting as a fee for reserves that use the network. These tokens will be used to compensate partners for services they provide on the network, such as wallets that directed trades to the network. Because fees will be calculated based on trades in different tokens the smart contract will use the prevailing KNC conversion rate when collecting tokens from reserve managers. In the case that this conversion leads to more KNC being collected than needed to compensate partners the remaining tokens will be burned by the network.

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