KNC (Kyber Network) as Large-cap Token is 80th in the 2100NEWS ranking. The quality of the order book of KNC is Ordinary. The average quality of the order book for large caps members of the NWSL100 index is 12.2. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
KNC is an ERC-20 token and an integral part of Kyber Network. It has been launched in 40 exchanges.
Kyber Network as Large-cap Token is 80th in 2100NEWS ranking (after Index Review of 20th December 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 12.0, (Average for Large caps: 12.2)
Over the past week, the average market cap was $32.8 million, average daily volume was $3.4 million.
To make appropriate peer comparison we gauged the KNC (Kyber Network) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the KNC vs. NWSL100, in the middle of the chart is the original KNC price, at the bottom of the chart are NWSL100 and correlation between KNC and NWSL100. On average (purple area graph), the KNC to NWSL100 ratio has shown that KNC has grown and beaten the NWSL100. It has increased by 60.80% vs. NWSL100 in the last four months.
According to Etherscan, there are 55,652 token holders (at the time of this article’s writing).
In 2019, they consolidated their position as the leading liquidity protocol for the decentralized ecosystem. Besides hitting the key milestones of over $400M and 2M ETH traded, and 500K on-chain trades, they have built a solid ecosystem, with both the number of integrated DApps and Kyber-focused liquidity providers growing rapidly. In 2020 they will focus to improve the following 3 key areas: (1) 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; (2) Executing on Katalyst — a major protocol upgrade to encourage participation for key stakeholders in the Kyber ecosystem; (3) Expanding value creation options for KNC (Kyber Network Crystal) holders, and putting them at the heart of Kyber’s governance through the KyberDAO. In addition to burning, the KNC holders will have two more options to gain values: Participation Rewards and Reserve Incentives.
About Kyber Network – what they do
Kyber is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
Kyber’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber Network’s protocol has been built based on 3 core design philosophies: (1) Platform-agnostic; (2) Instant settlement and no transaction uncertainty; (3) Ease of integration.
They are committed to making their liquidity network more diverse, interoperable and scalable to power the coming needs of the space: (1) Diversity: Opening up their reserves contribution to make it seamless for anyone to be a reserve and contribute to their global liquidity pool, including funds and token teams; (2) Greater interoperability through cross-chain solutions in collaboration with other players in the ecosystem; (3) Scalability by continuing development on Gormos, our recently proposed high-performance scaling solution that will enable real-world adoptions for decentralized applications.
Kyber Network is based in Singapur. The core team consists of: Loi Luu (CEO), Victor Tran (CTO) and Myra Loh (CFO).
Exchanges: Bancor Network, Binance, BitAsset, Bitfinex, Bithumb, Bitkub, Bitrue, BKEX, BW.com, Cashierest, Coinone, CoinPlace, COSS, CPDAX, CredoEx, DragonEX, Fatbtc, Gate.io, GOPAX, Hanbitco, HitBTC, Huobi Global, Huobi Korea, IDEX, Korbit, KuCoin, Kyber Network, Livecoin, Mercatox, MXC, OKEx, OKEx Korea, P2PB2B, Poloniex, Switcheo Network, Tidex, Upbit, VinDAX, VINEX Network, ZB.COM.
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens KNC.