Kyber Network (KNC)

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KNC is the native utility and governance token used to facilitate and pay fees for transactions on the Kyber network. The token is built on Ethereum in accordance with the ERC20 standards, which define the common list of rules for the tokens to function in the Ethereum ecosystem.

Kyber Network was founded by Loi Luu, Victor Tran, and Yaron Velner in 2017. At the time, the Kyber team raised 200,000 ETH (approximately $50 million) in an initial coin offering of its KNC cryptocurrency. The site’s Kyber Network price prediction for 2030 is an upbeat $7.67. In 2031, the KNC coins should be trading at an average of around $8.81.

KNC (Kyber Network Crystal) is an ERC-20 token that is used by reserve managers to pay transaction fees required to execute trades (operate a reserve) and awarded to third parties for generating trade volume.

By staking their tokens, KNC holders can vote on the network’s fee model, rebates for reserves, and other proposals, and also earn staking rewards denominated in ether. KNC is a deflationary staking token, which means its supply will decrease over time.

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