Review on Kyber Network by Paul Maduagwu
More action than words with KNC
Kyber Network is an Exchange based token. It is related to one of cryptocurrencies most trusted decentralized Exchange service, Kyber Swap. At the time of writing this review $KNC has over 100 markets actively trading the coin.
Kyber Network has made instant swaps possible, reducing transaction cost and in a time efficient and decentralized manner. Anyone can provide liquidity on kyber network which solidifies this project into Decentralized finance or DeFi, which is a top trend these days.
Apart from being backed by a popular Exchange, $KNC also builds more interest to holders with its staking support, where users/holders can get over 9% APR on staking and earn passive income. Personally I trust $KNC, the best of this project is yet to come.
Pros
- Listed on a long list of popular Exchanges.
- Good social media presence and active community.
- Backed by a working product, trusted and used by thousands of people (Kyber swap).
- Stake and earn passive income.
- High trading volume.
- Its an ERC20 token so can be held on any Ethereum token compatible wallet.
Cons
- No cons, apart from the fact that the blockchain it is built on (Ethereum) is constantly battling with slow/high cost transactions.
