Kyber Network serves as a multi-chain hub for liquidity protocols, aggregating liquidity from a diverse array of sources to facilitate secure and immediate transactions on any decentralized application (DApp). The primary objective of Kyber Network is to streamline access to deep liquidity pools for DeFi DApps, decentralized exchanges (DEXs), and other users, thereby ensuring optimal rates. KyberSwap.com, the main DEX aggregator and liquidity platform of Kyber Network, offers traders in DeFi superior swap rates compared to individual exchanges. It enables liquidity providers to enhance their earnings through high capital efficiency. By sourcing liquidity from numerous DEXes like Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and others, KyberSwap ensures optimal rates for traders across different chains. KyberSwap supports over 13 chains, including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and is set to add Solana soon. As a decentralized and permissionless platform, KyberSwap does not require account sign-ups or personal information. All transactions conducted on KyberSwap are on-chain, eliminating the need for centralized third-party involvement, commonly present in centralized exchanges, and allowing for easy verification via blockchain explorers like Ethereum or other supported chains. Projects can leverage KyberSwap to utilize its various features, such as instant token swap settlements, liquidity aggregation for the best rates, liquidity pools, and a customizable business model. Kyber Network aims to address the liquidity challenges within the decentralized finance (DeFi) sector by enabling developers to create products and services without the concern of liquidity shortages for various needs. The Kyber Network Crystal (KNC) token functions as both a utility and governance token, acting as a "glue that connects different stakeholders in Kyber's ecosystem." KNC holders have the opportunity to stake their tokens in the KyberDAO to participate in platform governance and vote on significant proposals, earning staking rewards in KNC derived from trading fees. Prominent investors in KNC include #Hashed, Signum Capital, ParaFi Capital, and HyperChain Capital.

Kyber Network commenced its development in 2017 and is built on the Ethereum blockchain. The project was founded by Loi Luu, Victor Tran, and Yaron Velner, with Vitalik Buterin serving as an advisor. Kyber Network is headquartered in the British Virgin Islands. Victor Tran serves as the CEO of Kyber Network. He is an experienced backend engineer and Linux system administrator. Previously, he was the CTO at Clixy and 24/7 Digital Group and a developer for several projects in Vietnam. Loi Luu holds the position of Chairman of Kyber Group. He is a blockchain researcher and advisor for various blockchain projects. Luu developed Oyente, the first open-source security analyzer for Ethereum smart contracts, and co-founded SmartPool, along with other decentralized initiatives. Furthermore, he contributed to a scaling research project called Elastico, which inspired the design of Zilliqa, a promising scalable blockchain project. Yaron Velner is the CEO of B.Protocol, a decentralized backstop liquidity protocol, and was previously a postdoctoral researcher. Velner stepped down from his role as CTO of Kyber in October 2019 but continues to provide advisory support. The Kyber team includes professionals in engineering, product development, marketing, strategy, and business development, along with several advisors. According to the official Kyber Network LinkedIn page, the company employs over 50 individuals worldwide.

KyberSwap.com, the multi-chain DEX aggregator and liquidity platform, offers traders access to the most competitive prices from various blockchain sources, while enabling liquidity providers to deposit tokens and earn fees with optimal capital efficiency and returns. In 2021, KyberSwap introduced the world's first dynamic market maker (DMM) protocol, which adjusts to market conditions to enhance capital efficiency and earnings for liquidity providers. In 2022, the next-generation AMM Elastic protocol was unveiled, featuring concentrated liquidity pools, customizable price ranges, auto-compounding fees, and an anti-sniping feature protecting liquidity providers. These protocols collectively empower KyberSwap liquidity providers to maximize their capital, simulating significantly higher liquidity levels and achieving improved capital efficiency, slippage, and volume. Liquidity providers can earn substantially more fees relative to their contribution size, while takers benefit from extremely low slippage on trades. Additionally, liquidity providers can increase their earnings through yield farming. For developers, KyberSwap is designed with a focus on ease of integration. Its protocols can seamlessly integrate with applications and other blockchain-based protocols for any DeFi use case. Acknowledging that no single liquidity protocol can cater to all liquidity providers, takers, and market participants, KyberSwap's flexibility allows developers to swiftly innovate and incorporate new protocols to address varying liquidity demands. KyberSwap has been incorporated by Dapps like Coin98 Wallet, Krystal, DEXTools, Kattana Trade, Rome Terminal, Pegaxy, along with other aggregators such as 1inch, Paraswap, 0x API, Matcha, and Slingshot. KyberSwap’s ‘Discover’ feature employs AI and on-chain metrics to identify tokens that are currently trending or may trend soon, assisting traders in making more intelligent and informed trading decisions. Within the Kyber ecosystem, KNC token holders play a crucial role in determining new growth opportunities, value-capture strategies, and incentive mechanisms. Through KyberDAO, KNC holders can engage in governance by voting on significant proposals. Kyber's community is extensive, comprising a wide array of developers and other members of the burgeoning DeFi industry.

As of October 2022, Kyber Network has a total supply of 223.36 million KNC tokens, with just over 160 million tokens currently in circulation. The KNC token is designed to be dynamic, allowing the KyberDAO to vote on adjusting the supply to foster innovation, bootstrap liquidity, and reward early adopters of KyberSwap. Kyber concluded its initial coin offering (ICO) on September 15, 2017, successfully raising $52 million by selling each KNC token at a rate of 0.00166 ETH. As per the official token distribution document, 61.06% of the tokens were sold during the ICO, 19.47% were allocated to the founders, advisors, and seed investors, and the remaining 19.47% was reserved for the company.

As an ERC-20 token, KNC is developed on and secured by the Ethereum blockchain. Furthermore, Kyber implements a comprehensive trust and security framework that safeguards users against any misconduct by administrators or exchanges, due to security protocols integrated both at the protocol and smart contract levels. The KyberSwap and KyberDAO platforms, along with KNC, have undergone audits by several independent security firms and researchers, such as Chainsecurity and Hacken, which have confirmed the security of these various Kyber components. For more detailed insights, you can explore our resources on Eulerpool.

KNC tokens are available for purchase and trading on a range of exchange platforms, including well-known names such as Binance, Coinbase, Huobi Global, KuCoin, OKX, Kraken, and KyberSwap. The token is currently listed on over 20 exchanges, with more than a dozen trading pairs available, including stablecoins like Tether (USDT) and Binance USD (BUSD). For those interested in a guide on purchasing KNC tokens or other cryptocurrencies using fiat currency, we offer a comprehensive guide to help you get started.