Kyber Network Crystal
KNC
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
Kyber Network demonstrates solid fundamentals with a robust tokenomics model, an experienced team, and active development in a competitive market. However, its investment profile is critically undermined by a catastrophic security exploit in November 2023 that resulted in a ~$50 million loss and severely damaged user trust. This single event elevates the project's risk to an extreme level, overshadowing its technical strengths and market position. Future success is entirely contingent on its ability to rebuild its reputation, prove its security is infallible, and regain market confidence.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Kyber Network Crystal (KNC)
Kyber Network Crystal (KNC)
Kyber Network Crystal (KNC) is the native utility and governance token of the Kyber Network, a leading on-chain liquidity protocol. Kyber Network enables seamless token swaps, decentralized exchange (DEX) aggregations, and DeFi integration across wallets, dApps, and blockchain platforms.
Key Features
- Token Name: Kyber Network Crystal
- Symbol: KNC
- Blockchain: Ethereum (ERC-20)
- Utility & Governance:
- Liquidity Provision: Stake KNC to support network reserves and earn protocol fees
- Governance: Participate in protocol upgrades, fee model changes, and ecosystem grants
- Burn Mechanism: Dynamic fee model ensures a portion of protocol fees is burnt, reducing KNC supply over time
Use Cases & Integrations
- On-chain swaps and instant token conversions without order books
- Aggregated liquidity for DeFi platforms, wallets, and DApps
- Integration with major protocols for yield strategies and automated market making (AMM)
Keywords: Kyber Network Crystal, KNC token, decentralized liquidity, on-chain swaps, DeFi aggregator, ERC-20 liquidity protocol
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