SMART VALOR lists Kyber Network’s native token KNC

Friday, June 19, 2020
Today SMART VALOR announces listing Kyber Network’s native token KNC. Kyber is a blockchain-based liquidity protocol that allows decentralized token swaps to be integrated into any application. This enables value exchange to be performed seamlessly in a P2P way. Using Kyber protocol developers can build innovative financial services applications, including instant token swap services, ERC20 payments, and other financial DApps.

Тhe most used decentralized finance (DeFi) protocol

Kyber is the most used and integrated decentralized finance (DeFi) protocol in the world, with over US$1 Billion transactions facilitated since its inception. Kyber supports over 80 different tokens, and powers over 100 integrated projects including popular wallets MEW, Trust, Enjin, Argent, and the HTC Exodus smartphone, as well as DeFi platforms Nuo, DeFiSaver, InstaDApp, Set Protocol, Melon, and many others. The KNC token is on rank number 4 on DefiMarketCap and number 39 on CoinMarketCap with a total market cap of 213M USD. Kyber Network Crystal ( KNC ) is an ERC-20 utility token and an integral part of Kyber Network. The interesting thing about KNC is that it is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi. Unlike other staking protocols, the stakers of KNC receive their rewards in ETH generated from Kyber Network fees. In addition, KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. With this the KNC holder can vote what percentage of the earned profits will be used to buy back KNC and burn them, how much profit goes to the Kyber Network developers and how much profit is distributed as staking rewards in Ether.
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