Kyber Network Updates 2020 | KNC Token
Welcome to this cryptocurrency video review posted by Altcoin Buzz. In this video you learn about Kyber Network KNC and the updates they are currently going through now and later this year.
Kyber Network Updates and Overview
The Kyber Network (KNC) is a decentralized protocol that provides on-chain liquidity. Kyber Network allows for complex transactions using smart contracts that are executed as a chain reaction within a single transaction.
KyberDAO (Kyber Decentralized Autonomous Organization) that facilitates a community of KNC (Kyber Network Crystals) holders. KyberDAO enables all KNC holders to play an active role in the growth of the Kyber Network through voting and making decisions on key parameters of the networks governance.
Recent news from Kyber Network is that the KNC cryptocurrency will be listed on Coinbase Pro and has begun accepting inbound token transfers as of Feb 24 2020.
Kyber Network has over 100 dApp integrations making it the leading liquidity protocol that connects decentralized liquidity for defi. Updates happening to Kyber Network include Waterloo Bridge and Katalyst.
- Waterloo Bridge - a cross chain value exchange.
- Katalyst - a protocol for increased liquidity and stake holder participation.
Kyber Network Operates As Such
There are 'takers', 'makers' and 'maintainers'. Takers take liquidity from the protocol. Makers provide liquidity to the network. Maintainers are parties that have permissions to access the functions. Together these 3 operate and manage the Kyber Network.
11 Key Benefits Of Kyber Network
- Instant trade settlement
- No partially executed orders
- Transparency
- Easily integrate-able
- Off chain swaps
- Fiat and crypto conversion
- Non fungible token transactions
- Automated portfolio weighting management
- Token lending
- Trading on margin
- Cross chain interoperable
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