Kyber Network (KNC) Research

Emirex Group | Sep 28, 2020 3:56:08 PM

On 12th September, we have listed Kyber Network (KNC) for trading on the Emirex exchange. 

Current available trading pair on the Emirex exchange: KNC/USDT and KNC/BTC

  • Kyber is an on-chain liquidity protocol that can be integrated into any application to enable the exchange of tokens without the need for an intermediary.
  • Users are free to provide reserves for the project and use Kyber’s on-chain liquidity pools to power different decentralized applications (DApps).
  • There are three types of reserves: Price Feed Reserves (work with an off-chain component), Automated Price Reserves (built on an automatic algorithm within a smart contract), and Bridge Reserves (permissionless third-parties e.g., Uniswap, Bancor).
  • KNC, an ERC20 token, is an integral part of the Kyber Network. It is used by reserves to pay transaction fees required to process trades (operating a reserve). The tokens are pre-purchased and stored by these reserves.

CryptoCurrency Profile

  • Token Standard - ERC-20
  • Kyber Network Price - $0.932481 USD
  • Kyber Network ROI - 148.66%
  • Market Rank - #64
  • Market Cap - $184,664,753 USD
  • 24 Hour Volume - $40,800,680 USD
  • Circulating Supply - 198,035,976 KNC
  • Total Supply - 210,393,828 KNC
  • All Time High - $6.00 USD (Jan 09, 2018)
  • All Time Low - $0.113539 USD (Feb 06, 2019)

About Project

Kyber Network is an on-chain liquidity protocol that positions itself as an independent platform for the safe exchange of digital money. Using its protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps. and its mission is to integrate with other protocols by providing an architecture that allows anyone to implement this technology on any smart contract-based blockchain.

As a result, many different apps, vendors, and wallets use Kyber's infrastructure, including Set Protocol, bZx, InstaDApp, and the Coinbase wallet. Kyber also integrates with other exchanges like Uniswap - sharing liquidity pools between the two protocols.

The Kyber protocol operates using pools of crypto funds called "reserves", which currently support over 80 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. All reserves are controlled by different parties with different prices and funding levels.

Experts note the following advantages of the Kyber Network platform:

  • On-chain settlement: atomic and immediate on-chain settlement.
  • Trustless transactions: trustless and transparent transactions.
  • Ease of use: the bundling of multiple value exchanges into a single step for users.
  • Seamless integration: straightforward integration with dApps, as interaction with off-chain components is not needed and there is minimal security and development overhead.
  • Instant confirmation for transactions sent from on-chain entities such as smart contracts.
  • Operation certainty: users know the rate and available liquidity before transaction execution and settlement.
  • Lack of counterparty risk: Kyber does not custody or control users' funds; all operations that occur on the Kyber protocol can be publicly verified on the blockchain.

KNC token

KNC is an ERC20 token that all reserve managers are required to acquire. It was named after the crystals from the Star Wars saga that were used to charge lightsabers. 

Each time an exchange occurs, the network withdraws a small amount of KNC tokens from the reserve as a commission. This commission is partially used to compensate for the transaction costs and to reward third parties who contribute their trading volume to the network. The remaining KNC tokens are burned (out of circulation).

Kyber Network raised 200,000 ether (ETH), worth approximately $50 million at the time, during a two-day token sale in September 2017. This was the hard cap for the sale and resulted in the creation of 226 million KNC tokens allocated as follows:

  • 19.47% allocated to the project treasury
  • 19.47% for founders, advisors, and seed investors, vesting in 2 years, with a one-year * lock-up period 
  • 61.06%  distributed to token sale participants

On October 14th, 2017 the burning of 10,374,651.16 excess KNC tokens took place. The initial total supply was brought down to 215,625,348.84.

Recent News

  • 07 July 2020: Launched the Katalyst Protocol Upgrade and KyberDAO on the Mainnet;
  • August 2020: Listed pLTC, REPV2, STMX;
  • 13 August 2020: Released the ecosystem report #17
  • 11 September 2020: Released the ecosystem report #18
  • 14 September 2020: Hosted its first-ever KyberDAO Community Call on discord;
  • 22 September 2020: Listed CREAM, UNI, SUSHI, CRV, YFI, YFV, SWRV. 


In 2020, the project intends to follow up on progress with 3 key areas of focus to further drive value for the decentralized ecosystem:

  • Cementing Kyber’s position as the liquidity layer for DeFi by having the majority of takers and makers using Kyber as their single on-chain endpoint.
  • Executing and updating on Katalyst — a major protocol upgrade to encourage participation for key stakeholders in the Kyber ecosystem.
  • Expanding value creation options for KNC (Kyber Network Crystal) holders, and putting them at the heart of Kyber’s governance through the KyberDAO.


The Kyber Network developers have set ambitious goals and are confidently moving towards their implementation. By the end of 2020, they plan to update the Katalyst protocol, which, according to forecasts, should expand the possibilities of using the platform, stimulate the attraction of new participants, increase the value of the native cryptocurrency, and draw the attention of investors to it.

Since the level of the development team, ambitious goals, an interesting idea and implementation allow us to look at the development of the platform and the functioning of its native cryptocurrency with optimism. Whether investments in this tool will be profitable depends largely on whether the team can expand the functionality of the service, keep low commissions, and attract new partners.

The Kyber Network platform is a universal tool for selling and exchanging cryptocurrencies. It is characterized by high liquidity, ease of use, and security. Financial analysts regularly include the native KNC token in the reviews of promising currencies, predicting the growth of its rate over time.

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