Kyber Network provides onchain liquidity and connects token ecosystems for instant, seamless, and secure transactions. Loi Luu, a researcher and the co-founder of Cryptodyssey Capital, founded the platform. Kyber Network is an Ethereum-based protocol and it seeks to completely decentralize the exchange of cryptocurrency. Its protocol is designed such that any party can contribute to the liquidity pools as Reserve Managers, including decentralized exchanges and one-off liquidity providers. The project was announced in May 2017, and the live mainnet was released in February 2018. The backbone of Kyber Network, Kyber Network Crystal (KNC) has a total supply of 210 million tokens, but it will keep reducing due to token burns.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Kyber Network, than our closest competitors.
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