You can trade in kyberswap, and even use limit orders, you'll get a discount on limit orders by holding KNC the same way you get discount on Binance holding BNB.
You can also swap tokens directly from MEW which uses kybers liquidity under the hood. Most decentralized token swaps, truly decentralized where no KYC is every necessary, take place of the kyber protocol, and subsequently burn KNC out of the supply while the demand continues to rise
DeFi is about to compound in growth during the next bull, and every single service is using kybers liquidity protocol at some level.
Usage is about to compound like crazy and now is a great time to get in, couldn't really give a shit what you do though.
I've spent months researching them, connecting the services relying on their protocol and working out growth rate and potential burn by EOY.
The only thing I'm handing out is letting you know now is an incredible time to enter, you can research yourself to understand why you should hold though the first pump
Kyber doesn't really need partnerships, in the same way LINK doesn't, they're critical for their solution.
Where LINK solves the oracle problem and can bring external data on-chain, Kyber solves the liquidity problem that every DeFi service encounters because of the nature of decentralization, they're at the centre of the network effect for liquidity and will compound in usage as it's necessary to all of these services success.
Growth and adoption has already been crazy during this bear market, I can't wait to see it unfold soon
Kyber Network Crystal (KNC) is currently required to:
-operate as a Reserve and earn spreads
-incentivise integrated DApps & platforms to increase volume to the network
-be burnt as network fees
-participate in the KyberDAO (Voting for proposals etc.) when it’s fully developed
-get % discounts for KyberSwap Limit Order trading fees
KNC can be used:
- on the Crypto.com MCO app & Visa card, which can in turn be used at millions of vendors around the world
- as payment at vendors that installed PundiX terminals
- for tx payments on the Gnosis Safe Wallet
- for loans and margin trading on DeFi platforms such as nuo and fulcrum
Dont forget
>Binance DEX just integrated with Kyber Network
You misunderstand me, kyber is a legit platform and the project has built some cool tech, but there is no point hodling the token by no means am I fuding the project.
Lol REN shills btfo, you can literally accumulate REN on KyberSwap and they have a REN liquidity reserve partnership
The absolute state of REN shills
Ah I see, it’s the same discord trannies group from yesterday trying to pump their useless 2017 coin. I already made it with KNC in january 2018 lads, thanks for holding my bags.
Chart doesn’t lie
so what's the average spread, and how does it come up with an exchange rate?
Also it only does erc20 tokens, when will it be able to do anything off the ETH chain?
I like the idea but with no volume, and questionable spreads that likely cost much more than binance fees no one has a reason to switch.