Top 5 Altcoins List | 2020 Buying Opportunity
Welcome to this cryptocurrency video posted by BitBoy Crypto. In this video, you will learn about his picks for the top 5 altcoins from March 2020.
Honorable mention - WazirX
Welcome to this crypto and blockchain video posted by DeFi Dude. In this video you learn about Kyber Network and the Katalyst protocol upgrade and new token model being released in 2020.
Many people have been showing an increased interest in the blockchain project known as Kyber Network. Here we will be doing a brief overview of the Katalyst protocol upgrade to the Kyber Network.
If you don't already know what the Kyber Network is we have shared a few video reviews of Kyber Network which do a really good job at explaining the platform. In summary the Kyber Network is a liquidity protocol designed to have a lot of assets on standby ready to be used in conjunction with a decentralized application or decentralized exchange.
Katalyst is changing many things to do with how the Kyber Network works. In the new system 'reserve managers' are going to be paying no fee and instead they will be receiving rebates. These rebates will be a percent of the network fee that's going to be sent directly to those who are providing liquidity. This in-turn incentives liquidity. The previous/current model did not incentivize liquidity because the reserve managers actually paid to provide the liquidity. Which greatly cut into profits for the participants of the network.
You want to provide more liquidity because more liquidity means less slippage, more competitiveness, bringing more users, which creates a better ecosystem, that generates more fees generated from higher transaction volume.
In the previous/current model 30% of fees are given to the decentralized application integrators. Once the Katalyst upgrade has been implemented into Kyber Network the new protocol will allow for dapp integrators to set their own fees. The fee percentage will no longer be set in stone in the smart contract and will be a variable that the dapp integrators can play with on top of the base rate.
KNC holders are going to benefit from this upgrade because they are the one's who will be doing the voting in the KyberDAO. Katalyst revolves around the KyberDAO a decentralized autonomous organization in which a group of governors can vote on various things to do with the network and protocol.
KNC holders stake their KNC tokens in the KyberDAO and get a voting weight based on their staked holdings. The weight is how much power or say you have on whatever you are voting for. An example is if you have 20 KNC and the total supply was say 200, you have 10% weight and you are voting for 10% of the entire network. You can vote on things such as fee governance.
Through Kyber Network transactions the fees are dispersed back to the KNC holders as per the weightings of staked tokens and at the same time a percentage of tokens are burned from the total supply. Because the tokens are burned there are less in circulation which makes the remainder of the tokens more valuable.
Other staking platforms do not burn tokens but release more tokens into the supply which creates inflation. This is still a reward and you are receiving more tokens, but inflation makes the circulating supply increase which intern decreases the value of the existing tokens.
With Kyber Network there is no inflation, the network is sustained just on the network fees generated. It is actually a deflationary supply. With the Katalyst upgrade KNC holders will have voting rights on the percentage of tokens that get burned and the percentage of fees. The Katalyst upgrade gives KNC holders more say on the governance of the Kyber Network.
What do you think about Kyber Network? Share this project and this page and view more about Kyber Network from the links below.
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.
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
Welcome to this blockchain interview video by Ivan Liljeqvist. In this video you will find an interview between Ivan Liljeqvist and Ryan Adams. Topics of discussion include Ethereum, Uniswap, PoS vs Defi, Flash Loans, Kyber, ProgPow
Welcome to this blockchain news video by Ivan Liljeqvist. In this video you will learn about top altcoins in 2020.
Here is a list of Altcoins from this video: