Anyone paying attention right now is about to make serious bank.
>most are too distracted
Don't miss the boat biz
Ethan Morris
Other urls found in this thread:
blog.kyber.network
twitter.com
Angel Bailey
also
>blog.kyber.network
expect token swaps with ERC-20 tokens using EOS soon on the Kyber protocol
Aaron Carter
what
Elijah Nguyen
Say I bought KNC tokens, how does this profit me? They don't have token burn, right?
Asher Reyes
Stinky
Mason Bell
They've burned almost 1m of the total supply in 2 months alone, it took them over a year to burn the first 1m KNC.
Adoption is growing rapidly and the burning will accelerate and decrease the supply until the price is forced higher to slow down the KNC burn rate.
Not many are paying attention, those who are have been buying steadily for about a month in small increments
Nathan Perez
Is everyone staying quiet and trying not to bump? I don't get it, this is huge right?
Cameron Long
Zoom out. This thing never pumps. I hold KNC, so what makes you think it is going to turn around now?
Luis Scott
>forced higher to slow down the KNC burn rate
Is the burn rate set arbitrarily by the team or how does that work?
Aiden Bailey
Zoom in, street shitter, then scroll up and read the thread. Stupid animal.
Austin Jenkins
Suck my beautiful white dick you dozy little cunt, and consider that some people are actually competent and can read context.
If you zoom out you see a long term downtrend. If you zoom in you see a short term downtrend.
Kyber has had plenty of good news in the past, as you can see from the spikes in its chart on the way down. But the downwards cycle has continued despite all of this good news and accelerated burn rate. So, once again for the ignorant people like you, what makes you think it is going to turn around now?
Nathaniel Reed
>buying a 2017 dead alt.
not gonna make it. get into OTO if you like money.
Tyler Hughes
The burn rate is a fixed percentage in the smart contract.
Someone correct me if I'm wrong but there's a percentage fee on every trade on the kyber protocol (more volume = more fees) and 70% of all fees are burned out of KNC supply for good
Aaron Thomas
DeFi and DEX adoption seems to be the biggest drivers in volume, the more successful they are, the more KNC kyber burns, and it compounds as more providers use the protocol
>pic related
Trust wallet (Binance) has confirmed it's going to use Kyber for their ERC-20 token swaps and Binance DEX for tokens on BinanceChain.
Plus they literally just did an ERC-20 token swap across chain with EOS
>blog.kyber.network
This confirms that they're successfully integrating the kyber liquidity protocol into other smart contract platforms.
Volume is about to surge and I'd rather be in from the beginning
Parker Evans
all in chainlink fuck chinkcoins and fuck that FAGGOT
Justin Nelson
Thanks user. It wasn't concern trolling - I like KNC and have been holding forever. I'm aware of the stuff you mentioned. Let's hope the burn rate translates into some gains now that they are established as the standard for on-chain liquidity.
Henry Jackson
Get in or stay poor pajeets
Wyatt Jenkins
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Brody Brown
10x your crypto with moon3d. bonus schemes awaits
Sebastian Carter
It's not a real dex though. It's managed by Binance on the back end, which means if any govts lean too hard on Binance the Dex will get shut down or provide customer data.
CV has already announced that US customers will have to use VPNs precisely because of this. BISQ, or if they can deliver XSN, are the only real 'dex' options. Otherwise what's the point of even having an exchange be decentralized?
Brayden Price
It doesn't matter. Trust wallet is tapping into kybers reserves, increasing overall burnrate. Theres lots of wallets that use kyber now. All the big boys have KNC.
James Morris
It doesn't really matter if they come after Binance, they can always open source trust wallet, release under Apache license and give it to the community and still continue to make bank by contributing to liquidaty by being a reserve manager.
The US can't do anything to reserve managers since they're providing liquidity to a decentralized system, no one knows who is swapping tokens