We present a complete guide to understanding Kyber Network (KNC) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Kyber Network (KNC) Cryptocurrency
The Kyber Network is a Decentralized Finance (DeFi) platform for buying and selling cryptocurrencies. Built on the Ethereum Blockchain, the blockchain uses the Kyber Network Crystal or KNC for transactions on network.
The original KNC contract address migrated in 2021, and the old tokens were referred as KNCL, and could be converted to KNC. For more information on old and new Kyber Tokens, See Official KNC Migration Guide.
See Kyber Network Official Website
Key Points of Kyber Network
- A DeFi Network built as an Ethereum-based Token
- Token is called Kyber Network Crystals as KNC
- Provides DeFi software tools for liquidity and Market Makers
- Upgraded Token in 2021, old token named Kyber Network Crystal Legacy (KNCL)
Kyber Network (KNC) Price Chart
Kyber Network (KNC) Historical Price Chart
History of Kyber Network
The Kyber Network was created by Yaron Velner, Loi Luu, and Victor Tran in 2017 along with the founding of the Kyber Decentralized Autonomous Organization (KyberDAO). They held their first sale of the KNC Token in Late 2017 and the platform went live in February of 2018.
In early 2021, The KyberDAO held a vote to migrate the Ethereum contract address in order to action key upgrades. The vote passed with over 99.8% approval and the migration process for Kyber Network Crystal Legacy began later that year.
Kyber Network FAQ
Is Kyber Network Related To Star Wars?
No, Kyber Network Cryptocurrency is not related to Star Wars Kyber Crystals.
Is Kyber Network An Ethereum Token?
Yes, the Kyber Network Cryptocurrency, or KNC, is an ERC-20 Token on the Ethereum Blockchain.
Is Kyber Network A Token or A Coin?
The KNC cryptocurrency is an Ethereum-Based Token. Not a Coin.
What Is Kyber Network Legacy?
Kyber Network Crystal Legacy (KNCL) is the old contract for Kyber Network and trades for KNC.
What Is KNC vs KNCL?
KNC is the new Kyber Network Crystal, KNCL is the old Ethereum address.
Is Kyber Network A Good Investment?
Is KNC A Good Investment?
What Is Kyber Network?
What Is Kyber Network Crypto?
Kyber Network Crypto Analysis
Image Source: What is KNC? – SwissBorg.com