KNC
No. 353Price
Markets
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1. Project introduction
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates. All transactions on Kyber are on-chain, which means they can be easily verified using any Ethereum block explorer. Projects can build on top of Kyber to utilize all the services offered by the protocol, such as the instant settlement of tokens, liquidity aggregation, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.
2. Team introduction
Co-Founder: Loi Luu
Linkedin: https://www.linkedin.com/in/loiluu/
CTO: Yaron Velner
Linkedin: https://www.linkedin.com/in/yaron-velner-7a8aa4107/
CEO: Victor Tran
Linkedin: https://www.linkedin.com/in/vutranhuy/
3. Investment institution
Amino Capital, Fundamental Labs, Hashed, Chain Capital, Fenbushi Capital, 8 Decimal Capital, IOSG Ventures, Iconium, Rockaway Blockchain Funds, etc.
4. Application and distribution
Token application:
KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals, and earn staking rewards in Ethereum (ETH) that come from trading fees.
Token distribution:
Sold in the ICO: 61.06%
Founders, advisors and seed investors: 19.47%
Company: 19.47%
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