Kyber Network is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application. Kyber enables instant decentralized cryptocurrency token swaps on any smart contract enabled blockchain.
The Kyber Network was designed with three main philosophies in mind: to be platform-agnostic, provide instant settlement and no transaction uncertainty, and offer ease of integration. Combined, this focus will help to drive adoption by DApps, wallets, and vendors and reach the ultimate goal of connecting the fragmented tokenized world.
The Kyber Network Crystal (KNC) plays an integral role in the Kyber Protocol and thus the project as a whole. It serves crucial economic, governance and treasury functionalities across all implementations of the protocol. Its use across the different chains is dependent on the specific implementation. However, the token will be managed as one single token in terms of a unified supply, interchangeability and in terms of being used for protocol governance and treasury. These are the 3 main areas where KNC can be used:
Economic Facilitation: KNC will facilitate ongoing system operations. For example, getting reserves to pay a fee in KNC for every trade acts as a barrier for them to perform wash trading. This fee can be incorporated into their spread. In addition, users who need instant liquidity can pay the fees in order to get the trade facilitated.
Governance Token: KNC will also play an important role in governance at the protocol level and for the networks on different chains. For individual implementations on the various chains, there will be a host of tokenomic parameters, upgrade decisions, token listings, which KNC stakeholders will be able to vote and decide on.
Treasury Funds: A KNC based treasury that maintainers of the network and the DAO members can leverage as a source of funds to fund development, marketing and growth of the Kyber protocol via open grant programs and proposals. This will allow a network of the most important contributors - those who drive adoption and those who build the core platform to earn part of their income with KNC.
There are many reputable partners to the Kyber Network project, helping to power decentralized liquidity for the tokenized world. Similarly, the advisors consist of some profile members of the crypto community. All this, together with the support from its growing userbase, Kyber is well on its way to achieving its goal.
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You can also follow Atomars trading platform on their social media pages, Facebook, Twitter, Instagram, for more information and updates.
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Learn more about Kyber project at https://kyber.network/
Twitter: https://twitter.com/kybernetwork
Facebook: https://www.facebook.com/kybernetwork
Trade KNC on https://ATOMARS.com
