What is KyberSwap? KyberSwap is a cross-chain DEX Aggregator using the AMM mechanism that allows users to exchange and buy and sell tokens at the best price and seamlessly between blockchains. In addition, KyberSwap also has very impressive products, let’s find out with HakResearch through the article below.
To better understand the project, people can refer to some of the articles below:
- What is Decentralized Exchange (DEX)? The Role of Decentralized Exchanges in DeFi
- What is DeFi? All About DeFi
- TOP 6 Most Innovative DEXs in the Crypto Market in 2023
Kyber Swap Overview
What is Kyber Swap?
KyberSwap is a cross-chain DEX Aggregator using the AMM mechanism that allows users to exchange and buy and sell tokens at the best price and seamlessly between blockchains. In other words, when a user wants to trade a token on Kyber’s ecosystem.
That’s how a DEX Aggregator works, which is optimal for traders and especially Whales trading in large volumes who are afraid of price slippage. Behind Kyber Swap is KyberNetwork.
Highlights of KyberSwap
What is Kyber Swap?
Currently KyberSwap is linked to 15 chains, and over 280 DEXs across multiple chains. This allows Kyber to find the best price for each user’s swap. In addition, Kyber also supports users to swap tokens across the chain through the technology of Squid and Axelar.
Besides the main product DEX, Kyber is currently providing outstanding products such as:
- KyberAI (beta): Kyber AI uses the power of Machine Learning technology to “score” more than 4000 tokens on 7 different chains. Kyber AI analyzes many complex metrics, based on both on-chain data and technical indicators, and compiles them into a number (0-100) to indicate whether the token is bullish or not. bearish. This product provides traders with additional information to optimize their trading process.
- KyberSwap Limit-order: Users can place orders in advance at the price they desire. Traders can also cancel, adjust and create Limit-orders at no cost.
- KyberSwap Widgets: Provides users with a toolkit to easily integrate KyberSwap Widgets into developers’ dApps. Their dApps can easily change their interface and have an outstanding swap rate.
Development Roadmap
Update…
Investor
- September 19, 2017 Kyber Network successfully called for $60,000,000 USD from famous investment funds in the market such as: Pantera Capital, Hashed, Parafi Capital, Hyperchain Capital, GenBlock Capital…
Core Team
Loi Luu: Co-Founder & CEO
- In 2013, he graduated with a bachelor’s degree in computer science from Hanoi National University. He continued to excellently receive a doctorate in computer science in 2017 at the National University of Singapore.
- In May 2017, he founded Kyber Network. In 2018, he worked as an Advisor at Sygnum, and went on to establish Kyber Ventures in December 2020. In September 2021, he continued his career with a part-time Technical Advisor position at UVM Signum Blockchain Fund. And in April 2023, he started a new project, becoming the Founder of Caliber.
Tokenomics
Overview of KNC tokens
- Token name: Kyber Network Crystal
- Code: KNC:
- Blockchain: Ethereum
- Classification: ERC-20
- Contract: 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
- Total supply: Update…
Token Allocation
KNC Token Allocation
- Private Sale: 36.3%
- Publisale: 28.9%
- Team & Advisors: 19.4%
- Reserve: 14.4%
- Airdrop: 0.8%
Token Release
KNC Token Release Schedule
Token Use Case
The current KNC token can be used for the following:
- Governance voting in KyberDao.
- Stake KNC in KyberDao and receive a portion of your trading fees back from KyberSwap.
- Staking KNC in KyberDAO, users also receive gas refunds when participating in transactions on KyberSwap.
- Provide liquidity (eg: KNC-USDC Pool)
- Used as collateral on protocols like Aave, QiDAO.
Exchanges
Currently users can buy KNC at CEX exchanges such as: Binance, Kucoin, CoinBase, Mexc… and DEX exchanges such as: KyberSwap…
Project Information Channel
- Twitter: https://twitter.com/KyberNetwork
- Telegram: https://t.me/kybernetwork
- Website:
Summary
KyberSwap is a project from Vietnam and one of the flagships before the subsequent successes of Axie or Coin98. Currently the project is still very active during the Crypto winter and has promising products like KyberAI.
Weakhand’s team will continuously update everyone with the latest project information.
